NFLT vs. FLSP
NFLT (Virtus Newfleet Multi-Sector Bond ETF) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both exchange-traded funds - NFLT is a Multisector Bonds fund actively managed by Virtus, while FLSP is a Long-Short fund actively managed by Franklin Templeton. Both are actively managed. Over the past 5 years, NFLT returned 3.14%/yr vs 8.35%/yr for FLSP. At a correlation of -0.00, they often move in opposite directions. NFLT charges 0.50%/yr vs 0.65%/yr for FLSP.
Performance
NFLT vs. FLSP - Performance Comparison
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Returns By Period
In the year-to-date period, NFLT achieves a 1.82% return, which is significantly lower than FLSP's 1.97% return.
NFLT
- 1D
- -0.09%
- 1M
- 0.81%
- YTD
- 1.82%
- 6M
- 1.75%
- 1Y
- 7.05%
- 3Y*
- 7.44%
- 5Y*
- 3.14%
- 10Y*
- 4.06%
FLSP
- 1D
- -0.36%
- 1M
- 0.59%
- YTD
- 1.97%
- 6M
- 2.01%
- 1Y
- 14.58%
- 3Y*
- 10.33%
- 5Y*
- 8.35%
- 10Y*
- —
NFLT vs. FLSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.82% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 0.08% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.97% | 15.56% | 11.75% | 3.14% | 0.44% | 11.44% | -15.19% | 0.90% |
Correlation
The correlation between NFLT and FLSP is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2019 | -0.00 |
The correlation between NFLT and FLSP shifts across timeframes, from -0.16 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFLT vs. FLSP — Risk / Return Rank
NFLT
FLSP
NFLT vs. FLSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.
| NFLT | FLSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.63 | -0.70 |
| Martin ratioReturn relative to average drawdown | 12.71 | 10.82 | +1.88 |
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Drawdowns
NFLT vs. FLSP - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for NFLT and FLSP.
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Drawdown Indicators
| NFLT | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -22.75% | +7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -4.03% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -6.69% | +3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -9.52% | -3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -15.17% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -1.26% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -6.26% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 1.39% | -0.83% |
Volatility
NFLT vs. FLSP - Volatility Comparison
The current volatility for Virtus Newfleet Multi-Sector Bond ETF (NFLT) is 1.56%, while Franklin Liberty Systematic Style Premia ETF (FLSP) has a volatility of 1.79%. This indicates that NFLT 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
| NFLT | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.79% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 6.78% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 9.07% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 13.35% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 13.48% | -8.54% |
NFLT vs. FLSP - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is lower than FLSP's 0.65% expense ratio.
Dividends
NFLT vs. FLSP - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.49%, more than FLSP's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 2.60% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.49% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
NFLT and FLSP have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLSP has higher volatility (1.79%) compared to NFLT (1.56%). In terms of maximum drawdown, NFLT dropped -15.17% vs FLSP's -22.75%.
On 5-year performance, FLSP leads with 8.35% vs 3.14% for NFLT. On fees, NFLT is cheaper at 0.50% per year. On volatility, NFLT has been the lower-risk option at 1.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLSP has performed better with a 8.35% return vs 3.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 0.65% for FLSP.
NFLT has the higher dividend yield at 5.49%, compared with 2.60% for FLSP.
NFLT is categorized as Multisector Bonds, while FLSP is Long-Short. They also come from different issuers: Virtus and Franklin Templeton. Their fees differ too: 0.50% for NFLT and 0.65% for FLSP.
NFLT currently has the higher Sharpe Ratio (1.69 vs 1.62), 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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