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 -1.07%/yr vs 1.01%/yr for FLIA. At a 0.29 correlation, their price movements are largely independent. ISHG charges 0.35%/yr vs 0.25%/yr for FLIA.
Performance
ISHG vs. FLIA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISHG achieves a -1.37% return, which is significantly lower than FLIA's 1.68% return.
ISHG
- 1D
- -0.24%
- 1M
- -1.45%
- YTD
- -1.37%
- 6M
- -1.13%
- 1Y
- 0.54%
- 3Y*
- 3.63%
- 5Y*
- -1.07%
- 10Y*
- -0.27%
FLIA
- 1D
- 0.02%
- 1M
- 0.83%
- YTD
- 1.68%
- 6M
- 1.78%
- 1Y
- 2.80%
- 3Y*
- 3.51%
- 5Y*
- 1.01%
- 10Y*
- —
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 | -1.37% | 13.31% | -4.16% | 3.76% | -10.95% | -7.05% | 7.47% | -0.64% | -2.07% |
FLIA Franklin Liberty International Aggregate Bond ETF | 1.68% | 2.12% | 2.42% | 7.17% | -7.68% | -1.98% | 1.37% | 7.58% | -2.32% |
Correlation
The correlation between ISHG and FLIA is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2018 | 0.29 |
The correlation between ISHG and FLIA shifts across timeframes, from 0.29 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.15 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.38 | -1.27 |
| Martin ratioReturn relative to average drawdown | 0.26 | 3.62 | -3.37 |
Loading charts...
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.
Loading charts...
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% | -2.77% | -5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | -9.42% | -13.03% |
Max Drawdown (10Y)Largest decline over 10 years | -25.56% | — | — |
Current DrawdownCurrent decline from peak | -23.29% | -0.15% | -23.14% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -3.78% | -14.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 0.78% | +1.33% |
Volatility
ISHG vs. FLIA - Volatility Comparison
iShares 1-3 Year International Treasury Bond ETF (ISHG) has a higher volatility of 1.76% compared to Franklin Liberty International Aggregate Bond ETF (FLIA) at 0.64%. 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.
Loading charts...
Volatility by Period
| ISHG | FLIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 0.64% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 2.50% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.56% | 3.32% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 4.42% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 4.70% | +2.23% |
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 1.47%, less than FLIA's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 2.68% | 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 | 1.47% | 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 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISHG has higher volatility (1.76%) compared to FLIA (0.64%). In terms of maximum drawdown, ISHG dropped -37.24% vs FLIA's -11.24%.
On 5-year performance, FLIA leads with 1.01% vs -1.07% for ISHG. On fees, FLIA is cheaper at 0.25% per year. On volatility, FLIA has been the lower-risk option at 0.64%. 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 1.01% return vs -1.07%. 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 2.68%, compared with 1.47% 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 (0.85 vs 0.08), 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.
Find the right allocation for ISHG and FLIA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer