FLSP vs. BFLX
FLSP (Franklin Liberty Systematic Style Premia ETF) and BFLX (iShares Flexible Equity Active ETF) are both Long-Short funds. Both are actively managed. Their -0.27 correlation means they have often moved in opposite directions in the past. FLSP charges 0.65%/yr vs 0.40%/yr for BFLX.
Performance
FLSP vs. BFLX - Performance Comparison
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Returns By Period
FLSP
- 1D
- 1.51%
- 1M
- 3.43%
- 6M
- 4.81%
- YTD
- 5.20%
- 1Y
- 17.32%
- 3Y*
- 10.53%
- 5Y*
- 8.25%
- 10Y*
- —
- ALL TIME*
- 4.56%
BFLX
- 1D
- 0.71%
- 1M
- 0.99%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.04M | $46.24M | $34.24M | |
| $2.89M | $2.48M | $2.72M |
FLSP vs. BFLX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 4.08% |
BFLX iShares Flexible Equity Active ETF | 0.94% |
Correlation
The correlation between FLSP and BFLX is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | -0.27 |
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Return for Risk
FLSP vs. BFLX — Risk / Return Rank
FLSP
BFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLSP vs. BFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Systematic Style Premia ETF (FLSP) and iShares Flexible Equity Active ETF (BFLX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLSP | BFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | — | — |
| Martin ratioReturn relative to average drawdown | 13.39 | — | — |
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Drawdowns
FLSP vs. BFLX - Drawdown Comparison
The maximum FLSP drawdown since its inception was -22.75%, which is greater than BFLX's maximum drawdown of -4.55%. Use the drawdown chart below to compare losses from any high point for FLSP and BFLX.
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Drawdown Indicators
| FLSP | BFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.75% | -4.55% | -18.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.03% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.82% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -1.66% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | — | — |
Volatility
FLSP vs. BFLX - Volatility Comparison
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Volatility by Period
| FLSP | BFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.88% | 14.68% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 14.68% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 14.68% | -1.26% |
FLSP vs. BFLX - Expense Ratio Comparison
FLSP has a 0.65% expense ratio, which is higher than BFLX's 0.40% expense ratio.
Dividends
FLSP vs. BFLX - Dividend Comparison
FLSP's dividend yield for the trailing twelve months is around 2.52%, while BFLX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BFLX iShares Flexible Equity Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLSP Franklin Liberty Systematic Style Premia ETF | 2.52% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% |
Frequently Asked Questions
FLSP and BFLX have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BFLX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BFLX is cheaper with a 0.40% expense ratio, compared with 0.65% for FLSP.
FLSP has the higher dividend yield at 2.52%, compared with 0.00% for BFLX.
They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.65% for FLSP and 0.40% for BFLX.
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