FTSD vs. EZBC
FTSD (Franklin Short Duration U.S. Government ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. FTSD is actively managed, while EZBC is passively managed. Over the past year, FTSD returned 4.31% vs -38.68% for EZBC. At a 0.02 correlation, their price movements are largely independent. FTSD charges 0.25%/yr vs 0.19%/yr for EZBC.
Performance
FTSD vs. EZBC - Performance Comparison
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Returns By Period
In the year-to-date period, FTSD achieves a 0.80% return, which is significantly higher than EZBC's -25.36% return.
FTSD
- 1D
- -0.12%
- 1M
- 0.17%
- YTD
- 0.80%
- 6M
- 1.30%
- 1Y
- 4.31%
- 3Y*
- 4.98%
- 5Y*
- 2.46%
- 10Y*
- 2.05%
EZBC
- 1D
- -2.73%
- 1M
- -18.42%
- YTD
- -25.36%
- 6M
- -29.82%
- 1Y
- -38.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSD vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 0.80% | 5.66% | 4.97% |
EZBC Franklin Bitcoin ETF | -25.36% | -6.56% | 100.18% |
Correlation
The correlation between FTSD and EZBC is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.02 |
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Return for Risk
FTSD vs. EZBC — Risk / Return Rank
FTSD
EZBC
FTSD vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) and Franklin Bitcoin ETF (EZBC). 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.
| FTSD | EZBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.19 | ||
| Sortino ratioReturn per unit of downside risk | +6.50 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 0.86 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 9.59 | -0.79 | +10.38 |
| Martin ratioReturn relative to average drawdown | 38.36 | -1.36 | +39.73 |
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
| FTSD | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.30 | -0.89 | +4.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.30 | +0.74 |
Drawdowns
FTSD vs. EZBC - Drawdown Comparison
The maximum FTSD drawdown since its inception was -5.32%, smaller than the maximum EZBC drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for FTSD and EZBC.
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Drawdown Indicators
| FTSD | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -49.37% | +44.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -49.37% | +48.92% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.32% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -48.04% | +47.92% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -16.01% | +15.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 28.42% | -28.31% |
Volatility
FTSD vs. EZBC - Volatility Comparison
The current volatility for Franklin Short Duration U.S. Government ETF (FTSD) is 0.51%, while Franklin Bitcoin ETF (EZBC) has a volatility of 9.43%. This indicates that FTSD experiences smaller price fluctuations and is considered to be less risky than EZBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTSD | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 9.43% | -8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 34.44% | -33.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 43.67% | -42.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.85% | 50.06% | -48.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.79% | 50.06% | -48.27% |
FTSD vs. EZBC - Expense Ratio Comparison
FTSD has a 0.25% expense ratio, which is higher than EZBC's 0.19% 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
FTSD vs. EZBC - Dividend Comparison
FTSD's dividend yield for the trailing twelve months is around 4.50%, while EZBC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTSD Franklin Short Duration U.S. Government ETF | 4.50% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
Frequently Asked Questions
FTSD and EZBC have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZBC has higher volatility (9.43%) compared to FTSD (0.51%). In terms of maximum drawdown, FTSD dropped -5.32% vs EZBC's -49.37%.
On 1-year performance, FTSD leads with 4.31% vs -38.68% for EZBC. On fees, EZBC is cheaper at 0.19% per year. On volatility, FTSD has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTSD has performed better with a 4.31% return vs -38.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EZBC is cheaper with a 0.19% expense ratio, compared with 0.25% for FTSD.
FTSD has the higher dividend yield at 4.50%, compared with 0.00% for EZBC.
FTSD is categorized as Mortgage Backed Securities, while EZBC is Cryptocurrency. Their fees differ too: 0.25% for FTSD and 0.19% for EZBC.
FTSD currently has the higher Sharpe Ratio (3.30 vs -0.89), 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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