SJCP vs. FLSP

Last updated Jun 23, 2026

SJCP (SanJac Alpha Core Plus Bond ETF) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both exchange-traded funds - SJCP is a Intermediate Core-Plus Bond fund actively managed by SanJac Alpha, while FLSP is a Long-Short fund actively managed by Franklin Templeton. Both are actively managed. Over the past year, SJCP returned 4.72% vs 15.79% for FLSP. At a correlation of -0.04, they often move in opposite directions. Both charge a 0.65% expense ratio.

Performance

SJCP vs. FLSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SanJac Alpha Core Plus Bond ETF (SJCP) and Franklin Liberty Systematic Style Premia ETF (FLSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJCP achieves a 0.94% return, which is significantly lower than FLSP's 2.34% return.

SJCP

• 1D: 0.12%
• 1M: 0.50%
• YTD: 0.94%
• 6M: 1.04%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLSP

• 1D: -0.58%
• 1M: 0.95%
• YTD: 2.34%
• 6M: 3.30%
• 1Y: 15.79%
• 3Y*: 10.46%
• 5Y*: 8.49%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SJCP vs. FLSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SJCP SanJac Alpha Core Plus Bond ETF	0.94%	6.27%	-0.16%
FLSP Franklin Liberty Systematic Style Premia ETF	2.34%	15.56%	0.47%

Correlation

The correlation between SJCP and FLSP is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	-0.04

Return for Risk

SJCP vs. FLSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SJCP

SJCP Risk / Return Rank: 59
SJCP Sharpe Ratio Rank: 58
SJCP Sortino Ratio Rank: 60
SJCP Omega Ratio Rank: 71
SJCP Calmar Ratio Rank: 49
SJCP Martin Ratio Rank: 56

FLSP

FLSP Risk / Return Rank: 60
FLSP Sharpe Ratio Rank: 53
FLSP Sortino Ratio Rank: 53
FLSP Omega Ratio Rank: 49
FLSP Calmar Ratio Rank: 79
FLSP Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SJCP vs. FLSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SanJac Alpha Core Plus Bond ETF (SJCP) 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.

	SJCP	FLSP	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.75	+0.14
Sortino ratio: Return per unit of downside risk	2.75	2.49	+0.26
Omega ratio: Gain probability vs. loss probability	1.41	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	2.36	3.94	-1.58
Martin ratio: Return relative to average drawdown	9.57	11.39	-1.81

SJCP vs. FLSP - Sharpe Ratio Comparison

The current SJCP Sharpe Ratio is 1.89, which is comparable to the FLSP Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of SJCP and FLSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SJCP vs. FLSP - Drawdown Comparison

The maximum SJCP drawdown since its inception was -2.01%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for SJCP and FLSP.

Drawdown Indicators

	SJCP	FLSP	Difference
Max Drawdown Largest peak-to-trough decline	-2.01%	-22.75%	+20.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.01%	-4.03%	+2.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.52%	—
Current Drawdown Current decline from peak	-0.38%	-0.90%	+0.52%
Average Drawdown Average peak-to-trough decline	-0.27%	-6.26%	+5.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	1.39%	-0.90%

Volatility

SJCP vs. FLSP - Volatility Comparison

The current volatility for SanJac Alpha Core Plus Bond ETF (SJCP) is 0.93%, while Franklin Liberty Systematic Style Premia ETF (FLSP) has a volatility of 1.74%. This indicates that SJCP 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.

Volatility by Period

	SJCP	FLSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	1.74%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	1.86%	6.77%	-4.91%
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	9.08%	-6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	13.35%	-10.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.43%	13.48%	-11.05%

SJCP vs. FLSP - Expense Ratio Comparison

Both SJCP and FLSP have an expense ratio of 0.65%.

Dividends

SJCP vs. FLSP - Dividend Comparison

SJCP's dividend yield for the trailing twelve months is around 3.80%, more than FLSP's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLSP Franklin Liberty Systematic Style Premia ETF	2.59%	2.65%	1.18%	1.19%	2.18%	1.19%	8.08%
SJCP SanJac Alpha Core Plus Bond ETF	3.80%	4.05%	1.40%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SJCP and FLSP in my portfolio?

SJCP and FLSP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SJCP or FLSP?

FLSP has higher volatility (1.74%) compared to SJCP (0.93%). In terms of maximum drawdown, SJCP dropped -2.01% vs FLSP's -22.75%.

Which ETF is better, SJCP or FLSP?

On 1-year performance, FLSP leads with 15.79% vs 4.72% for SJCP. Both ETFs have the same 0.65% expense ratio. On volatility, SJCP has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SJCP or FLSP?

Over the 1-year period, FLSP has performed better with a 15.79% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SJCP or FLSP?

SJCP and FLSP have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, SJCP or FLSP?

SJCP has the higher dividend yield at 3.80%, compared with 2.59% for FLSP.

What is the main difference between SJCP and FLSP?

SJCP is categorized as Intermediate Core-Plus Bond, while FLSP is Long-Short. They also come from different issuers: SanJac Alpha and Franklin Templeton.

Which has better risk-adjusted returns?

SJCP currently has the higher Sharpe Ratio (1.89 vs 1.75), 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.