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FLMB vs. PYPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FLMB vs. PYPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Yieldmax PYPL Option Income Strategy ETF (PYPY). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
3.99%
35.30%
FLMB
PYPY

Returns By Period

In the year-to-date period, FLMB achieves a 3.24% return, which is significantly lower than PYPY's 44.31% return.


FLMB

YTD

3.24%

1M

1.34%

6M

3.99%

1Y

7.84%

5Y (annualized)

1.23%

10Y (annualized)

N/A

PYPY

YTD

44.31%

1M

5.98%

6M

35.30%

1Y

54.56%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


FLMBPYPY
Sharpe Ratio1.662.12
Sortino Ratio2.422.65
Omega Ratio1.321.39
Calmar Ratio0.763.71
Martin Ratio8.2910.48
Ulcer Index0.95%5.21%
Daily Std Dev4.71%25.78%
Max Drawdown-17.90%-14.70%
Current Drawdown-3.13%0.00%

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FLMB vs. PYPY - Expense Ratio Comparison

FLMB has a 0.30% expense ratio, which is lower than PYPY's 1.01% expense ratio.


PYPY
Yieldmax PYPL Option Income Strategy ETF
Expense ratio chart for PYPY: current value at 1.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.01%
Expense ratio chart for FLMB: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%

Correlation

-0.50.00.51.00.1

The correlation between FLMB and PYPY is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

FLMB vs. PYPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Yieldmax PYPL Option Income Strategy ETF (PYPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for FLMB, currently valued at 1.66, compared to the broader market0.002.004.001.662.12
The chart of Sortino ratio for FLMB, currently valued at 2.42, compared to the broader market-2.000.002.004.006.008.0010.0012.002.422.65
The chart of Omega ratio for FLMB, currently valued at 1.32, compared to the broader market0.501.001.502.002.503.001.321.39
The chart of Calmar ratio for FLMB, currently valued at 3.16, compared to the broader market0.005.0010.0015.0020.003.163.71
The chart of Martin ratio for FLMB, currently valued at 8.29, compared to the broader market0.0020.0040.0060.0080.00100.008.2910.48
FLMB
PYPY

The current FLMB Sharpe Ratio is 1.66, which is comparable to the PYPY Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FLMB and PYPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.00Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17
1.66
2.12
FLMB
PYPY

Dividends

FLMB vs. PYPY - Dividend Comparison

FLMB's dividend yield for the trailing twelve months is around 3.73%, less than PYPY's 46.55% yield.


TTM2023202220212020201920182017
FLMB
Franklin Liberty Federal Tax-Free Bond ETF
3.73%3.49%2.81%1.66%2.08%2.40%2.68%0.54%
PYPY
Yieldmax PYPL Option Income Strategy ETF
46.55%5.70%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FLMB vs. PYPY - Drawdown Comparison

The maximum FLMB drawdown since its inception was -17.90%, which is greater than PYPY's maximum drawdown of -14.70%. Use the drawdown chart below to compare losses from any high point for FLMB and PYPY. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.88%
0
FLMB
PYPY

Volatility

FLMB vs. PYPY - Volatility Comparison

The current volatility for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) is 1.96%, while Yieldmax PYPL Option Income Strategy ETF (PYPY) has a volatility of 7.03%. This indicates that FLMB experiences smaller price fluctuations and is considered to be less risky than PYPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
1.96%
7.03%
FLMB
PYPY