IBDR vs. FLUD
IBDR (iShares iBonds Dec 2026 Term Corporate ETF) and FLUD (Franklin Ultra Short Bond ETF) are both exchange-traded funds - IBDR is a Corporate Bonds fund tracking the Barclays December 2026 Maturity Corporate Index, while FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton. IBDR is passively managed, while FLUD is actively managed. Over the past 5 years, IBDR returned 1.59%/yr vs 3.65%/yr for FLUD. At a 0.16 correlation, their price movements are largely independent. IBDR charges 0.10%/yr vs 0.15%/yr for FLUD.
Performance
IBDR vs. FLUD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBDR having a 1.65% return and FLUD slightly lower at 1.60%.
IBDR
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- 1.65%
- 6M
- 1.86%
- 1Y
- 4.30%
- 3Y*
- 5.25%
- 5Y*
- 1.59%
- 10Y*
- —
FLUD
- 1D
- -0.04%
- 1M
- 0.23%
- YTD
- 1.60%
- 6M
- 1.72%
- 1Y
- 4.25%
- 3Y*
- 5.27%
- 5Y*
- 3.65%
- 10Y*
- —
IBDR vs. FLUD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.65% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 2.48% |
FLUD Franklin Ultra Short Bond ETF | 1.60% | 5.36% | 5.44% | 5.95% | 0.16% | 0.09% | 0.71% |
Correlation
The correlation between IBDR and FLUD is -0.11, 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 | -0.11 |
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 IBDR and FLUD shifts across timeframes, from -0.11 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBDR vs. FLUD — Risk / Return Rank
IBDR
FLUD
IBDR vs. FLUD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and Franklin Ultra Short Bond ETF (FLUD). 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.
| IBDR | FLUD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.05 | ||
| Sortino ratioReturn per unit of downside risk | +9.85 | ||
| Omega ratioGain probability vs. loss probability | 3.38 | 1.62 | +1.76 |
| Calmar ratioReturn relative to maximum drawdown | 52.75 | 10.72 | +42.04 |
| Martin ratioReturn relative to average drawdown | 183.41 | 42.62 | +140.79 |
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Drawdowns
IBDR vs. FLUD - Drawdown Comparison
The maximum IBDR drawdown since its inception was -16.06%, which is greater than FLUD's maximum drawdown of -1.66%. Use the drawdown chart below to compare losses from any high point for IBDR and FLUD.
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Drawdown Indicators
| IBDR | FLUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -1.66% | -14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -0.44% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | -0.59% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -13.13% | -1.66% | -11.47% |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -0.24% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.11% | -0.09% |
Volatility
IBDR vs. FLUD - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) is 0.18%, while Franklin Ultra Short Bond ETF (FLUD) has a volatility of 0.39%. This indicates that IBDR experiences smaller price fluctuations and is considered to be less risky than FLUD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDR | FLUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.39% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 0.78% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.63% | 1.66% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | 1.34% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 1.26% | +3.59% |
IBDR vs. FLUD - Expense Ratio Comparison
IBDR has a 0.10% expense ratio, which is lower than FLUD's 0.15% 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%.
Dividends
IBDR vs. FLUD - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.13%, less than FLUD's 4.27% 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
IBDR and FLUD 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.
FLUD has higher volatility (0.39%) compared to IBDR (0.18%). In terms of maximum drawdown, IBDR dropped -16.06% vs FLUD's -1.66%.
On 5-year performance, FLUD leads with 3.65% vs 1.59% 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 1.59%. 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.
IBDR is categorized as Corporate Bonds, while FLUD is Ultrashort Bond. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.10% for IBDR and 0.15% for FLUD.
IBDR currently has the higher Sharpe Ratio (6.89 vs 2.84), 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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