FLUD vs. AAA
Compare and contrast key facts about Franklin Liberty Ultra Short Bond ETF (FLUD) and AAF First Priority CLO Bond ETF (AAA).
FLUD and AAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLUD is an actively managed fund by Franklin Templeton. It was launched on Jul 14, 2020. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLUD or AAA.
Key characteristics
| FLUD | AAA | |
|---|---|---|
| YTD Return | 2.14% | 2.42% |
| 1Y Return | 6.40% | 8.81% |
| 3Y Return (Ann) | 2.72% | 4.02% |
| Sharpe Ratio | 5.78 | 5.12 |
| Daily Std Dev | 1.12% | 1.72% |
| Max Drawdown | -1.66% | -2.64% |
| Current Drawdown | -0.31% | -0.02% |
Correlation
The correlation between FLUD and AAA is 0.02, 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.
Performance
FLUD vs. AAA - Performance Comparison
In the year-to-date period, FLUD achieves a 2.14% return, which is significantly lower than AAA's 2.42% 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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FLUD vs. AAA - Expense Ratio Comparison
FLUD has a 0.15% expense ratio, which is lower than AAA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLUD vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Ultra Short Bond ETF (FLUD) and AAF First Priority CLO Bond ETF (AAA). 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
FLUD vs. AAA - Dividend Comparison
FLUD's dividend yield for the trailing twelve months is around 4.96%, less than AAA's 6.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
FLUD Franklin Liberty Ultra Short Bond ETF | 4.96% | 4.72% | 1.39% | 0.92% | 0.93% |
AAA AAF First Priority CLO Bond ETF | 6.22% | 6.11% | 2.78% | 1.05% | 0.32% |
Drawdowns
FLUD vs. AAA - Drawdown Comparison
The maximum FLUD drawdown since its inception was -1.66%, smaller than the maximum AAA drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for FLUD and AAA. For additional features, visit the drawdowns tool.
Volatility
FLUD vs. AAA - Volatility Comparison
Franklin Liberty Ultra Short Bond ETF (FLUD) has a higher volatility of 0.73% compared to AAF First Priority CLO Bond ETF (AAA) at 0.45%. This indicates that FLUD's price experiences larger fluctuations and is considered to be riskier than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.