FLUD vs. TLT
Compare and contrast key facts about Franklin Ultra Short Bond ETF (FLUD) and iShares 20+ Year Treasury Bond ETF (TLT).
FLUD and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
FLUD vs. TLT - Performance Comparison
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FLUD vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 0.68% | 5.36% | 5.44% | 5.95% | 0.16% | 0.09% | 0.77% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | -5.02% |
Returns By Period
In the year-to-date period, FLUD achieves a 0.68% return, which is significantly higher than TLT's 0.17% return.
FLUD
- 1D
- 0.14%
- 1M
- 0.03%
- YTD
- 0.68%
- 6M
- 1.74%
- 1Y
- 4.50%
- 3Y*
- 5.42%
- 5Y*
- 3.47%
- 10Y*
- —
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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FLUD vs. TLT - Expense Ratio Comparison
Both FLUD and TLT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FLUD vs. TLT — Risk / Return Rank
FLUD
TLT
FLUD vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ultra Short Bond ETF (FLUD) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.61 | -0.04 | +2.65 |
Sortino ratioReturn per unit of downside risk | 4.10 | 0.02 | +4.08 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.00 | +0.54 |
Calmar ratioReturn relative to maximum drawdown | 10.63 | 0.05 | +10.58 |
Martin ratioReturn relative to average drawdown | 39.41 | 0.11 | +39.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLUD | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | -0.04 | +2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.63 | -0.37 | +3.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.54 | 0.26 | +2.28 |
Correlation
The correlation between FLUD and TLT is 0.12, 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.
Dividends
FLUD vs. TLT - Dividend Comparison
FLUD's dividend yield for the trailing twelve months is around 4.48%, which matches TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 4.48% | 4.51% | 4.97% | 4.72% | 1.39% | 0.92% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
FLUD vs. TLT - Drawdown Comparison
The maximum FLUD drawdown since its inception was -1.66%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FLUD and TLT.
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Drawdown Indicators
| FLUD | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.66% | -48.35% | +46.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | -9.23% | +8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -1.66% | -43.70% | +42.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -0.08% | -40.17% | +40.09% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -13.62% | +13.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 4.38% | -4.26% |
Volatility
FLUD vs. TLT - Volatility Comparison
The current volatility for Franklin Ultra Short Bond ETF (FLUD) is 0.38%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that FLUD experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLUD | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 3.71% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 6.61% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.74% | 11.44% | -9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.32% | 15.90% | -14.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.27% | 14.93% | -13.66% |