FLUD vs. IBDR
FLUD (Franklin Ultra Short Bond ETF) and IBDR (iShares iBonds Dec 2026 Term Corporate ETF) are both exchange-traded funds - FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton, while IBDR is a Corporate Bonds fund tracking the Barclays December 2026 Maturity Corporate Index. FLUD is actively managed, while IBDR is passively managed. Over the past 5 years, FLUD returned 3.65%/yr vs 1.57%/yr for IBDR. At a 0.16 correlation, their price movements are largely independent. FLUD charges 0.15%/yr vs 0.10%/yr for IBDR.
Performance
FLUD vs. IBDR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FLUD having a 1.60% return and IBDR slightly higher at 1.65%.
FLUD
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 1.60%
- 6M
- 1.77%
- 1Y
- 4.25%
- 3Y*
- 5.23%
- 5Y*
- 3.65%
- 10Y*
- —
IBDR
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.65%
- 6M
- 1.86%
- 1Y
- 4.30%
- 3Y*
- 5.16%
- 5Y*
- 1.57%
- 10Y*
- —
FLUD vs. IBDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 1.60% | 5.36% | 5.44% | 5.95% | 0.16% | 0.09% | 0.71% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.65% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 2.48% |
Correlation
The correlation between FLUD and IBDR is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.16 |
The correlation between FLUD and IBDR shifts across timeframes, from -0.12 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLUD vs. IBDR — Risk / Return Rank
FLUD
IBDR
FLUD vs. IBDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ultra Short Bond ETF (FLUD) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). 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.
| FLUD | IBDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.17 | ||
| Sortino ratioReturn per unit of downside risk | -10.12 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 3.36 | -1.79 |
| Calmar ratioReturn relative to maximum drawdown | 9.76 | 52.23 | -42.47 |
| Martin ratioReturn relative to average drawdown | 38.93 | 181.59 | -142.66 |
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Drawdowns
FLUD vs. IBDR - Drawdown Comparison
The maximum FLUD drawdown since its inception was -1.66%, smaller than the maximum IBDR drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for FLUD and IBDR.
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Drawdown Indicators
| FLUD | IBDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.66% | -16.06% | +14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | -0.08% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -0.59% | -1.08% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -1.66% | -13.13% | +11.47% |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -2.82% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.02% | +0.09% |
Volatility
FLUD vs. IBDR - Volatility Comparison
Franklin Ultra Short Bond ETF (FLUD) has a higher volatility of 0.39% compared to iShares iBonds Dec 2026 Term Corporate ETF (IBDR) at 0.18%. This indicates that FLUD's price experiences larger fluctuations and is considered to be riskier than IBDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLUD | IBDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 0.18% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.78% | 0.35% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 0.63% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 3.39% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.26% | 4.85% | -3.59% |
FLUD vs. IBDR - Expense Ratio Comparison
FLUD has a 0.15% expense ratio, which is higher than IBDR's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLUD vs. IBDR - Dividend Comparison
FLUD's dividend yield for the trailing twelve months is around 4.27%, more than IBDR's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 4.27% | 4.51% | 4.97% | 4.72% | 1.39% | 0.92% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.13% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% |
Frequently Asked Questions
FLUD and IBDR have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLUD has higher volatility (0.39%) compared to IBDR (0.18%). In terms of maximum drawdown, FLUD dropped -1.66% vs IBDR's -16.06%.
On 5-year performance, FLUD leads with 3.65% vs 1.57% for IBDR. On fees, IBDR is cheaper at 0.10% per year. On volatility, IBDR has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLUD has performed better with a 3.65% return vs 1.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDR is cheaper with a 0.10% expense ratio, compared with 0.15% for FLUD.
FLUD has the higher dividend yield at 4.27%, compared with 4.13% for IBDR.
FLUD is categorized as Ultrashort Bond, while IBDR is Corporate Bonds. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.15% for FLUD and 0.10% for IBDR.
IBDR currently has the higher Sharpe Ratio (6.83 vs 2.66), 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.
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