GNMA vs. FLIA
Compare and contrast key facts about iShares GNMA Bond ETF (GNMA) and Franklin Liberty International Aggregate Bond ETF (FLIA).
GNMA and FLIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNMA is a passively managed fund by iShares that tracks the performance of the Barclays Capital GNMA Index. It was launched on Feb 14, 2012. FLIA is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNMA or FLIA.
Key characteristics
| GNMA | FLIA | |
|---|---|---|
| YTD Return | 1.90% | 1.47% |
| 1Y Return | 8.00% | 6.28% |
| 3Y Return (Ann) | -1.62% | 0.01% |
| 5Y Return (Ann) | -0.50% | 0.19% |
| Sharpe Ratio | 1.25 | 1.34 |
| Sortino Ratio | 1.82 | 1.99 |
| Omega Ratio | 1.22 | 1.25 |
| Calmar Ratio | 0.58 | 0.70 |
| Martin Ratio | 4.60 | 5.60 |
| Ulcer Index | 1.83% | 1.17% |
| Daily Std Dev | 6.70% | 4.88% |
| Max Drawdown | -17.09% | -11.24% |
| Current Drawdown | -6.62% | -3.01% |
Correlation
The correlation between GNMA and FLIA is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GNMA vs. FLIA - Performance Comparison
In the year-to-date period, GNMA achieves a 1.90% return, which is significantly higher than FLIA's 1.47% 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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GNMA vs. FLIA - Expense Ratio Comparison
GNMA has a 0.15% expense ratio, which is lower than FLIA'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
GNMA vs. FLIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GNMA Bond ETF (GNMA) and Franklin Liberty International Aggregate Bond ETF (FLIA). 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
GNMA vs. FLIA - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.04%, more than FLIA's 0.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.04% | 3.43% | 2.01% | 0.64% | 1.89% | 2.62% | 2.41% | 2.14% | 1.89% | 1.50% | 1.22% | 1.06% |
FLIA Franklin Liberty International Aggregate Bond ETF | 0.92% | 0.94% | 18.13% | 2.26% | 0.43% | 2.93% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GNMA vs. FLIA - Drawdown Comparison
The maximum GNMA drawdown since its inception was -17.09%, which is greater than FLIA's maximum drawdown of -11.24%. Use the drawdown chart below to compare losses from any high point for GNMA and FLIA. For additional features, visit the drawdowns tool.
Volatility
GNMA vs. FLIA - Volatility Comparison
iShares GNMA Bond ETF (GNMA) has a higher volatility of 1.94% compared to Franklin Liberty International Aggregate Bond ETF (FLIA) at 1.15%. This indicates that GNMA's price experiences larger fluctuations and is considered to be riskier than FLIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.