ISHG vs. FLIA
ISHG (iShares 1-3 Year International Treasury Bond ETF) and FLIA (Franklin Liberty International Aggregate Bond ETF) are both International Government Bonds funds. ISHG is passively managed, while FLIA is actively managed. Over the past 5 years, ISHG returned -0.71%/yr vs 0.63%/yr for FLIA. Their 0.29 correlation means their historical movements had little consistent relationship. ISHG charges 0.35%/yr vs 0.25%/yr for FLIA.
Performance
ISHG vs. FLIA - Performance Comparison
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Returns By Period
In the year-to-date period, ISHG achieves a -0.23% return, which is significantly lower than FLIA's 0.92% return.
ISHG
- 1D
- -0.02%
- 1M
- 0.90%
- 6M
- -1.94%
- YTD
- -0.23%
- 1Y
- 1.49%
- 3Y*
- 3.72%
- 5Y*
- -0.71%
- 10Y*
- -0.23%
- ALL TIME*
- -0.59%
FLIA
- 1D
- -0.22%
- 1M
- -0.76%
- 6M
- 0.27%
- YTD
- 0.92%
- 1Y
- 1.38%
- 3Y*
- 3.45%
- 5Y*
- 0.63%
- 10Y*
- —
- ALL TIME*
- 1.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.86M | $2.64M | $2.21M | |
| $7.12M | $5.44M | $6.31M |
ISHG vs. FLIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | -0.23% | 13.31% | -4.16% | 3.76% | -10.95% | -7.05% | 7.47% | -0.64% | -2.07% |
FLIA Franklin Liberty International Aggregate Bond ETF | 0.92% | 2.12% | 2.42% | 7.17% | -7.68% | -1.98% | 1.37% | 7.58% | -2.32% |
Correlation
The correlation between ISHG and FLIA is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2018 | 0.29 |
Over the past year, ISHG and FLIA have become more correlated (0.50) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
ISHG vs. FLIA — Risk / Return Rank
ISHG
FLIA
ISHG vs. FLIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year International Treasury Bond ETF (ISHG) 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.
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.
| ISHG | FLIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.87 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.33 | 2.29 | -0.96 |
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Drawdowns
ISHG vs. FLIA - Drawdown Comparison
The maximum ISHG drawdown since its inception was -37.24%, which is greater than FLIA's maximum drawdown of -11.24%. Use the drawdown chart below to compare losses from any high point for ISHG and FLIA.
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Drawdown Indicators
| ISHG | FLIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -11.24% | -26.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -2.04% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -2.28% | -5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | -9.42% | -12.83% |
Max Drawdown (10Y)Largest decline over 10 years | -25.56% | — | — |
Current DrawdownCurrent decline from peak | -22.40% | -0.99% | -21.41% |
Average DrawdownAverage peak-to-trough decline | -18.47% | -3.73% | -14.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 0.77% | +1.68% |
Volatility
ISHG vs. FLIA - Volatility Comparison
iShares 1-3 Year International Treasury Bond ETF (ISHG) has a higher volatility of 1.56% compared to Franklin Liberty International Aggregate Bond ETF (FLIA) at 0.88%. This indicates that ISHG'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.
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Volatility by Period
| ISHG | FLIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 0.88% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 2.59% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.36% | 3.24% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 4.42% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.90% | 4.68% | +2.22% |
ISHG vs. FLIA - Expense Ratio Comparison
ISHG has a 0.35% expense ratio, which is higher than FLIA's 0.25% expense ratio.
Dividends
ISHG vs. FLIA - Dividend Comparison
ISHG's dividend yield for the trailing twelve months is around 1.46%, less than FLIA's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 2.71% | 2.62% | 2.97% | 0.93% | 18.12% | 2.26% | 0.43% | 2.93% | 1.23% | 0.00% | 0.00% | 0.00% |
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.46% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
Frequently Asked Questions
ISHG and FLIA have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISHG has higher volatility (1.56%) compared to FLIA (0.88%). In terms of maximum drawdown, ISHG dropped -37.24% vs FLIA's -11.24%.
On 5-year performance, FLIA leads with 0.63% vs -0.71% for ISHG. On fees, FLIA is cheaper at 0.25% per year. On volatility, FLIA has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLIA has performed better with a 0.63% return vs -0.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLIA is cheaper with a 0.25% expense ratio, compared with 0.35% for ISHG.
FLIA has the higher dividend yield at 2.71%, compared with 1.46% for ISHG.
They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.35% for ISHG and 0.25% for FLIA.
FLIA currently has the higher Sharpe Ratio (0.55 vs 0.52), 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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