FLSP vs. LDUR
FLSP (Franklin Liberty Systematic Style Premia ETF) and LDUR (PIMCO Enhanced Low Duration Active ETF) are both exchange-traded funds - FLSP is a Long-Short fund actively managed by Franklin Templeton, while LDUR is a Short-Term Bond fund actively managed by PIMCO. Both are actively managed. Over the past 5 years, FLSP returned 8.08%/yr vs 2.29%/yr for LDUR. At a correlation of -0.04, they often move in opposite directions. FLSP charges 0.65%/yr vs 0.54%/yr for LDUR.
Performance
FLSP vs. LDUR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLSP achieves a 3.20% return, which is significantly higher than LDUR's 1.13% return.
FLSP
- 1D
- 0.51%
- 1M
- 0.58%
- 6M
- 3.31%
- YTD
- 3.20%
- 1Y
- 19.30%
- 3Y*
- 9.94%
- 5Y*
- 8.08%
- 10Y*
- —
LDUR
- 1D
- -0.08%
- 1M
- 0.04%
- 6M
- 1.03%
- YTD
- 1.13%
- 1Y
- 4.23%
- 3Y*
- 5.18%
- 5Y*
- 2.29%
- 10Y*
- 2.40%
FLSP vs. LDUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 3.20% | 15.56% | 11.75% | 3.14% | 0.44% | 11.44% | -15.19% | 0.90% |
LDUR PIMCO Enhanced Low Duration Active ETF | 1.13% | 5.76% | 5.14% | 4.78% | -4.23% | -0.55% | 4.49% | 0.11% |
Correlation
The correlation between FLSP and LDUR is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2019 | -0.04 |
The correlation between FLSP and LDUR shifts across timeframes, from -0.19 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLSP vs. LDUR — Risk / Return Rank
FLSP
LDUR
FLSP vs. LDUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Systematic Style Premia ETF (FLSP) and PIMCO Enhanced Low Duration Active ETF (LDUR). 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 | LDUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.54 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 4.56 | +0.25 |
| Martin ratioReturn relative to average drawdown | 14.40 | 22.12 | -7.72 |
Loading charts...
Drawdowns
FLSP vs. LDUR - Drawdown Comparison
The maximum FLSP drawdown since its inception was -22.75%, which is greater than LDUR's maximum drawdown of -8.68%. Use the drawdown chart below to compare losses from any high point for FLSP and LDUR.
Loading charts...
Drawdown Indicators
| FLSP | LDUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.75% | -8.68% | -14.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.03% | -0.93% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -1.17% | -5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -6.75% | -2.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.68% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.28% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -0.85% | -5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.19% | +1.15% |
Volatility
FLSP vs. LDUR - Volatility Comparison
Franklin Liberty Systematic Style Premia ETF (FLSP) has a higher volatility of 2.53% compared to PIMCO Enhanced Low Duration Active ETF (LDUR) at 0.50%. This indicates that FLSP's price experiences larger fluctuations and is considered to be riskier than LDUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLSP | LDUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 0.50% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 1.16% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 1.56% | +7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 2.04% | +11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.45% | 2.77% | +10.68% |
FLSP vs. LDUR - Expense Ratio Comparison
FLSP has a 0.65% expense ratio, which is higher than LDUR's 0.54% expense ratio.
Dividends
FLSP vs. LDUR - Dividend Comparison
FLSP's dividend yield for the trailing twelve months is around 2.57%, less than LDUR's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 2.57% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDUR PIMCO Enhanced Low Duration Active ETF | 4.31% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
Frequently Asked Questions
FLSP and LDUR have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLSP has higher volatility (2.53%) compared to LDUR (0.50%). In terms of maximum drawdown, FLSP dropped -22.75% vs LDUR's -8.68%.
On 5-year performance, FLSP leads with 8.08% vs 2.29% for LDUR. On fees, LDUR is cheaper at 0.54% per year. On volatility, LDUR has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLSP has performed better with a 8.08% return vs 2.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDUR is cheaper with a 0.54% expense ratio, compared with 0.65% for FLSP.
LDUR has the higher dividend yield at 4.31%, compared with 2.57% for FLSP.
FLSP is categorized as Long-Short, while LDUR is Short-Term Bond. They also come from different issuers: Franklin Templeton and PIMCO. Their fees differ too: 0.65% for FLSP and 0.54% for LDUR.
LDUR currently has the higher Sharpe Ratio (2.73 vs 2.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FLSP and LDUR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer