IGRO vs. FLBL
IGRO (iShares International Dividend Growth ETF) and FLBL (Franklin Liberty Senior Loan ETF) are both exchange-traded funds - IGRO is a Foreign Large Cap Equities fund tracking the Morningstar Global ex-US Dividend Growth Index (Net), while FLBL is a High Yield Bonds fund actively managed by Franklin Templeton. IGRO is passively managed, while FLBL is actively managed. Over the past 5 years, IGRO returned 7.69%/yr vs 5.11%/yr for FLBL. At a 0.38 correlation, their price movements are largely independent. IGRO charges 0.15%/yr vs 0.45%/yr for FLBL.
Performance
IGRO vs. FLBL - Performance Comparison
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Returns By Period
In the year-to-date period, IGRO achieves a 7.79% return, which is significantly higher than FLBL's 0.47% return.
IGRO
- 1D
- 0.23%
- 1M
- 0.89%
- YTD
- 7.79%
- 6M
- 9.17%
- 1Y
- 14.94%
- 3Y*
- 15.50%
- 5Y*
- 7.69%
- 10Y*
- 9.08%
FLBL
- 1D
- 0.00%
- 1M
- -0.50%
- YTD
- 0.47%
- 6M
- 0.11%
- 1Y
- 2.09%
- 3Y*
- 6.81%
- 5Y*
- 5.11%
- 10Y*
- —
IGRO vs. FLBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGRO iShares International Dividend Growth ETF | 7.79% | 25.03% | 7.78% | 15.38% | -12.72% | 9.94% | 7.71% | 26.13% | -11.26% |
FLBL Franklin Liberty Senior Loan ETF | 0.47% | 3.59% | 8.26% | 14.83% | -2.69% | 4.35% | 2.17% | 7.67% | -1.39% |
Correlation
The correlation between IGRO and FLBL is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2018 | 0.38 |
The correlation between IGRO and FLBL shifts across timeframes, from 0.30 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGRO vs. FLBL — Risk / Return Rank
IGRO
FLBL
IGRO vs. FLBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Dividend Growth ETF (IGRO) and Franklin Liberty Senior Loan ETF (FLBL). 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.
| IGRO | FLBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.63 | +0.76 |
| Martin ratioReturn relative to average drawdown | 5.17 | 2.11 | +3.06 |
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Drawdowns
IGRO vs. FLBL - Drawdown Comparison
The maximum IGRO drawdown since its inception was -36.25%, which is greater than FLBL's maximum drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for IGRO and FLBL.
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Drawdown Indicators
| IGRO | FLBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -19.52% | -16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -3.18% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -11.13% | -3.91% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -6.80% | -19.24% |
Max Drawdown (10Y)Largest decline over 10 years | -36.25% | — | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.53% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -1.00% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 0.94% | +1.76% |
Volatility
IGRO vs. FLBL - Volatility Comparison
iShares International Dividend Growth ETF (IGRO) has a higher volatility of 3.59% compared to Franklin Liberty Senior Loan ETF (FLBL) at 0.67%. This indicates that IGRO's price experiences larger fluctuations and is considered to be riskier than FLBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGRO | FLBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 0.67% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 2.25% | +8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 2.62% | +10.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 3.86% | +10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 5.71% | +11.14% |
IGRO vs. FLBL - Expense Ratio Comparison
IGRO has a 0.15% expense ratio, which is lower than FLBL's 0.45% expense ratio.
Dividends
IGRO vs. FLBL - Dividend Comparison
IGRO's dividend yield for the trailing twelve months is around 2.36%, less than FLBL's 7.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLBL Franklin Liberty Senior Loan ETF | 7.61% | 7.24% | 8.05% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% | 0.00% | 0.00% |
IGRO iShares International Dividend Growth ETF | 2.36% | 2.51% | 2.44% | 2.79% | 2.69% | 2.27% | 2.41% | 2.65% | 2.97% | 2.43% | 1.18% |
Frequently Asked Questions
IGRO and FLBL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGRO has higher volatility (3.59%) compared to FLBL (0.67%). In terms of maximum drawdown, IGRO dropped -36.25% vs FLBL's -19.52%.
On 5-year performance, IGRO leads with 7.69% vs 5.11% for FLBL. On fees, IGRO is cheaper at 0.15% per year. On volatility, FLBL has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGRO has performed better with a 7.69% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGRO is cheaper with a 0.15% expense ratio, compared with 0.45% for FLBL.
FLBL has the higher dividend yield at 7.61%, compared with 2.36% for IGRO.
IGRO is categorized as Foreign Large Cap Equities, while FLBL is High Yield Bonds. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.15% for IGRO and 0.45% for FLBL.
IGRO currently has the higher Sharpe Ratio (1.10 vs 0.76), 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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