UBEW vs. FLUD

Last updated Jun 4, 2026

UBEW (Roundhill UBER WeeklyPay ETF) and FLUD (Franklin Ultra Short Bond ETF) are both exchange-traded funds - UBEW is a fund fund actively managed by Roundhill, while FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. UBEW charges 0.99%/yr vs 0.15%/yr for FLUD.

Performance

UBEW vs. FLUD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill UBER WeeklyPay ETF (UBEW) and Franklin Ultra Short Bond ETF (FLUD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBEW achieves a -15.76% return, which is significantly lower than FLUD's 1.53% return.

UBEW

• 1D: 0.12%
• 1M: -3.71%
• YTD: -15.76%
• 6M: -26.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLUD

• 1D: 0.09%
• 1M: 0.41%
• YTD: 1.53%
• 6M: 1.88%
• 1Y: 4.60%
• 3Y*: 5.33%
• 5Y*: 3.63%
• 10Y*: —

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

UBEW vs. FLUD - Yearly Performance Comparison

	2026 (YTD)	2025
UBEW Roundhill UBER WeeklyPay ETF	-15.76%	-17.23%
FLUD Franklin Ultra Short Bond ETF	1.53%	0.93%

Correlation

The correlation between UBEW and FLUD is -0.10, 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 (All Time) Calculated using the full available price history since Oct 24, 2025	-0.10

Return for Risk

UBEW vs. FLUD — Risk / Return Rank

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

FLUD

FLUD Risk / Return Rank: 92
FLUD Sharpe Ratio Rank: 83
FLUD Sortino Ratio Rank: 91
FLUD Omega Ratio Rank: 91
FLUD Calmar Ratio Rank: 97
FLUD Martin Ratio Rank: 97

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.

UBEW vs. FLUD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill UBER WeeklyPay ETF (UBEW) and Franklin Ultra Short Bond ETF (FLUD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	UBEW	FLUD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.76	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	2.59	-3.66

Drawdowns

UBEW vs. FLUD - Drawdown Comparison

The maximum UBEW drawdown since its inception was -37.34%, which is greater than FLUD's maximum drawdown of -1.66%. Use the drawdown chart below to compare losses from any high point for UBEW and FLUD.

Drawdown Indicators

	UBEW	FLUD	Difference
Max Drawdown Largest peak-to-trough decline	-37.34%	-1.66%	-35.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.66%	—
Current Drawdown Current decline from peak	-34.82%	0.00%	-34.82%
Average Drawdown Average peak-to-trough decline	-24.96%	-0.24%	-24.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.11%	—

Volatility

Volatility by Period

	UBEW	FLUD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.34%	1.68%	+40.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.34%	1.34%	+41.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.34%	1.26%	+41.08%

UBEW vs. FLUD - Expense Ratio Comparison

UBEW has a 0.99% expense ratio, which is higher than FLUD's 0.15% expense ratio.

Dividends

UBEW vs. FLUD - Dividend Comparison

UBEW's dividend yield for the trailing twelve months is around 31.85%, more than FLUD's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLUD Franklin Ultra Short Bond ETF	4.27%	4.51%	4.97%	4.72%	1.39%	0.92%	0.93%
UBEW Roundhill UBER WeeklyPay ETF	31.85%	8.98%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UBEW and FLUD in my portfolio?

UBEW and FLUD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UBEW or FLUD?

On fees, FLUD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UBEW or FLUD?

FLUD is cheaper with a 0.15% expense ratio, compared with 0.99% for UBEW.

Which ETF pays a higher dividend yield, UBEW or FLUD?

UBEW has the higher dividend yield at 31.85%, compared with 4.27% for FLUD.

What is the main difference between UBEW and FLUD?

They also come from different issuers: Roundhill and Franklin Templeton. Their fees differ too: 0.99% for UBEW and 0.15% for FLUD.