LONZ vs. FLBL
Compare and contrast key facts about PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and Franklin Liberty Senior Loan ETF (FLBL).
LONZ and FLBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LONZ is an actively managed fund by PIMCO. It was launched on Jun 8, 2022. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LONZ or FLBL.
Key characteristics
| LONZ | FLBL | |
|---|---|---|
| YTD Return | 6.45% | 5.65% |
| 1Y Return | 9.84% | 9.13% |
| Sharpe Ratio | 4.61 | 4.20 |
| Daily Std Dev | 2.14% | 2.15% |
| Max Drawdown | -4.05% | -19.52% |
| Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between LONZ and FLBL is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LONZ vs. FLBL - Performance Comparison
In the year-to-date period, LONZ achieves a 6.45% return, which is significantly higher than FLBL's 5.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LONZ vs. FLBL - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than FLBL's 0.45% expense ratio.
Risk-Adjusted Performance
LONZ vs. FLBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) 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.
Dividends
LONZ vs. FLBL - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 7.59%, less than FLBL's 8.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.59% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% |
FLBL Franklin Liberty Senior Loan ETF | 8.20% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% |
Drawdowns
LONZ vs. FLBL - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.05%, smaller than the maximum FLBL drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for LONZ and FLBL. For additional features, visit the drawdowns tool.
Volatility
LONZ vs. FLBL - Volatility Comparison
PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) has a higher volatility of 0.51% compared to Franklin Liberty Senior Loan ETF (FLBL) at 0.37%. This indicates that LONZ'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.