FLUD vs. FUSI

Last updated Jun 4, 2026

FLUD (Franklin Ultra Short Bond ETF) and FUSI (American Century Multisector Floating Income ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 3 years, FLUD returned 5.33%/yr vs 5.97%/yr for FUSI. At a 0.08 correlation, their price movements are largely independent. FLUD charges 0.15%/yr vs 0.28%/yr for FUSI.

Performance

FLUD vs. FUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Ultra Short Bond ETF (FLUD) and American Century Multisector Floating Income ETF (FUSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLUD achieves a 1.53% return, which is significantly lower than FUSI's 2.39% return.

FLUD

• 1D: 0.09%
• 1M: 0.41%
• YTD: 1.53%
• 6M: 1.88%
• 1Y: 4.60%
• 3Y*: 5.33%
• 5Y*: 3.63%
• 10Y*: —

FUSI

• 1D: -0.02%
• 1M: 0.77%
• YTD: 2.39%
• 6M: 2.67%
• 1Y: 5.43%
• 3Y*: 5.97%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLUD vs. FUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLUD Franklin Ultra Short Bond ETF	1.53%	5.36%	5.44%	5.29%
FUSI American Century Multisector Floating Income ETF	2.39%	4.85%	6.19%	5.89%

Correlation

The correlation between FLUD and FUSI is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.08

Return for Risk

FLUD vs. FUSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLUD

FLUD Risk / Return Rank: 92
FLUD Sharpe Ratio Rank: 83
FLUD Sortino Ratio Rank: 91
FLUD Omega Ratio Rank: 91
FLUD Calmar Ratio Rank: 97
FLUD Martin Ratio Rank: 97

FUSI

FUSI Risk / Return Rank: 98
FUSI Sharpe Ratio Rank: 98
FUSI Sortino Ratio Rank: 99
FUSI Omega Ratio Rank: 99
FUSI Calmar Ratio Rank: 97
FUSI Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLUD vs. FUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Ultra Short Bond ETF (FLUD) and American Century Multisector Floating Income ETF (FUSI). 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.

	FLUD	FUSI	Difference
Sharpe ratio: Return per unit of total volatility	2.76	6.05	-3.30
Sortino ratio: Return per unit of downside risk	4.42	9.35	-4.93
Omega ratio: Gain probability vs. loss probability	1.60	2.99	-1.39
Calmar ratio: Return relative to maximum drawdown	10.55	12.25	-1.70
Martin ratio: Return relative to average drawdown	41.82	91.02	-49.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLUD vs. FUSI - Sharpe Ratio Comparison

The current FLUD Sharpe Ratio is 2.76, which is lower than the FUSI Sharpe Ratio of 6.05. The chart below compares the historical Sharpe Ratios of FLUD and FUSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLUD	FUSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	6.05	-3.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.59	5.57	-2.98

Drawdowns

FLUD vs. FUSI - Drawdown Comparison

The maximum FLUD drawdown since its inception was -1.66%, which is greater than FUSI's maximum drawdown of -0.70%. Use the drawdown chart below to compare losses from any high point for FLUD and FUSI.

Drawdown Indicators

	FLUD	FUSI	Difference
Max Drawdown Largest peak-to-trough decline	-1.66%	-0.70%	-0.96%
Max Drawdown (1Y) Largest decline over 1 year	-0.44%	-0.45%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-0.59%	-0.70%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-1.66%	—	—
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.24%	-0.04%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	0.06%	+0.05%

Volatility

FLUD vs. FUSI - Volatility Comparison

Franklin Ultra Short Bond ETF (FLUD) has a higher volatility of 0.33% compared to American Century Multisector Floating Income ETF (FUSI) at 0.25%. This indicates that FLUD's price experiences larger fluctuations and is considered to be riskier than FUSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLUD	FUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	0.25%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	0.74%	0.61%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	1.68%	0.90%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.34%	1.09%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.26%	1.09%	+0.17%

FLUD vs. FUSI - Expense Ratio Comparison

FLUD has a 0.15% expense ratio, which is lower than FUSI's 0.28% expense ratio.

Dividends

FLUD vs. FUSI - Dividend Comparison

FLUD's dividend yield for the trailing twelve months is around 4.27%, less than FUSI's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLUD Franklin Ultra Short Bond ETF	4.27%	4.51%	4.97%	4.72%	1.39%	0.92%	0.93%
FUSI American Century Multisector Floating Income ETF	4.85%	5.28%	5.98%	4.97%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLUD and FUSI in my portfolio?

FLUD and FUSI have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLUD or FUSI?

FLUD has higher volatility (0.33%) compared to FUSI (0.25%). In terms of maximum drawdown, FLUD dropped -1.66% vs FUSI's -0.70%.

Which ETF is better, FLUD or FUSI?

On 3-year performance, FUSI leads with 5.97% vs 5.33% for FLUD. On fees, FLUD is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLUD or FUSI?

Over the 3-year period, FUSI has performed better with a 5.97% return vs 5.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLUD or FUSI?

FLUD is cheaper with a 0.15% expense ratio, compared with 0.28% for FUSI.

Which ETF pays a higher dividend yield, FLUD or FUSI?

FUSI has the higher dividend yield at 4.85%, compared with 4.27% for FLUD.

What is the main difference between FLUD and FUSI?

They also come from different issuers: Franklin Templeton and American Century. Their fees differ too: 0.15% for FLUD and 0.28% for FUSI.

Which has better risk-adjusted returns?

FUSI currently has the higher Sharpe Ratio (6.05 vs 2.76), 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.