LDRI vs. FLSP
LDRI (iShares iBonds 1-5 Year TIPS Ladder ETF) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both exchange-traded funds - LDRI is a Inflation-Protected Bonds fund tracking the BlackRock iBonds® 1-5 Year TIPS Ladder Index, while FLSP is a Long-Short fund actively managed by Franklin Templeton. LDRI is passively managed, while FLSP is actively managed. Over the past year, LDRI returned 2.94% vs 17.32% for FLSP. Their -0.01 correlation means they have often moved in opposite directions in the past. LDRI charges 0.10%/yr vs 0.65%/yr for FLSP.
Performance
LDRI vs. FLSP - Performance Comparison
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Returns By Period
In the year-to-date period, LDRI achieves a 1.55% return, which is significantly lower than FLSP's 5.20% return.
LDRI
- 1D
- -0.10%
- 1M
- 0.02%
- 6M
- 1.20%
- YTD
- 1.55%
- 1Y
- 2.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.39%
FLSP
- 1D
- 1.51%
- 1M
- 3.43%
- 6M
- 4.81%
- YTD
- 5.20%
- 1Y
- 17.32%
- 3Y*
- 10.53%
- 5Y*
- 8.25%
- 10Y*
- —
- ALL TIME*
- 4.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.89M | $2.48M | $2.72M | |
| $174.90K | $199.08K | $209.34K |
LDRI vs. FLSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF | 1.55% | 5.94% | 0.10% |
FLSP Franklin Liberty Systematic Style Premia ETF | 5.20% | 15.56% | 0.67% |
Correlation
The correlation between LDRI and FLSP is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | -0.01 |
The correlation between LDRI and FLSP shifts across timeframes, from -0.18 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LDRI vs. FLSP — Risk / Return Rank
LDRI
FLSP
LDRI vs. FLSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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.
| LDRI | FLSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 4.48 | +0.76 |
| Martin ratioReturn relative to average drawdown | 13.20 | 13.39 | -0.19 |
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Drawdowns
LDRI vs. FLSP - Drawdown Comparison
The maximum LDRI drawdown since its inception was -0.85%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for LDRI and FLSP.
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Drawdown Indicators
| LDRI | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.85% | -22.75% | +21.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.63% | -4.03% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.52% | — |
Current DrawdownCurrent decline from peak | -0.41% | 0.00% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -6.16% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.35% | -1.10% |
Volatility
LDRI vs. FLSP - Volatility Comparison
The current volatility for iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) is 0.48%, while Franklin Liberty Systematic Style Premia ETF (FLSP) has a volatility of 2.98%. This indicates that LDRI experiences smaller price fluctuations and is considered to be less risky than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRI | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 2.98% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 6.55% | -5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 8.88% | -7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.26% | 13.37% | -11.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 13.42% | -11.16% |
LDRI vs. FLSP - Expense Ratio Comparison
LDRI has a 0.10% expense ratio, which is lower than FLSP's 0.65% expense ratio.
Dividends
LDRI vs. FLSP - Dividend Comparison
LDRI's dividend yield for the trailing twelve months is around 5.02%, more than FLSP's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 2.52% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% |
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF | 5.02% | 4.23% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDRI and FLSP have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLSP has higher volatility (2.98%) compared to LDRI (0.48%). In terms of maximum drawdown, LDRI dropped -0.85% vs FLSP's -22.75%.
On 1-year performance, FLSP leads with 17.32% vs 2.94% for LDRI. On fees, LDRI is cheaper at 0.10% per year. On volatility, LDRI has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FLSP has performed better with a 17.32% return vs 2.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRI is cheaper with a 0.10% expense ratio, compared with 0.65% for FLSP.
LDRI has the higher dividend yield at 5.02%, compared with 2.52% for FLSP.
LDRI is categorized as Inflation-Protected Bonds, while FLSP is Long-Short. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.10% for LDRI and 0.65% for FLSP.
FLSP currently has the higher Sharpe Ratio (2.03 vs 1.77), 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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