BLV vs. FLSP
Compare and contrast key facts about Vanguard Long-Term Bond ETF (BLV) and Franklin Liberty Systematic Style Premia ETF (FLSP).
BLV and FLSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLV or FLSP.
Key characteristics
| BLV | FLSP | |
|---|---|---|
| YTD Return | -7.01% | 6.65% |
| 1Y Return | -6.30% | 9.12% |
| 3Y Return (Ann) | -8.23% | 6.86% |
| Sharpe Ratio | -0.32 | 0.62 |
| Daily Std Dev | 13.94% | 15.16% |
| Max Drawdown | -38.29% | -22.75% |
| Current Drawdown | -31.40% | -4.19% |
Correlation
The correlation between BLV and FLSP is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BLV vs. FLSP - Performance Comparison
In the year-to-date period, BLV achieves a -7.01% return, which is significantly lower than FLSP's 6.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BLV vs. FLSP - Expense Ratio Comparison
BLV has a 0.04% expense ratio, which is lower than FLSP's 0.65% expense ratio.
Risk-Adjusted Performance
BLV vs. FLSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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.
Dividends
BLV vs. FLSP - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.57%, more than FLSP's 1.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.57% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.11% | 1.19% | 2.18% | 1.19% | 8.08% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLV vs. FLSP - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for BLV and FLSP. For additional features, visit the drawdowns tool.
Volatility
BLV vs. FLSP - Volatility Comparison
Vanguard Long-Term Bond ETF (BLV) has a higher volatility of 3.55% compared to Franklin Liberty Systematic Style Premia ETF (FLSP) at 2.73%. This indicates that BLV's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.