Franklin Liberty Ultra Short Bond ETF (FLUD) Performance
FLUD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.8% since Dec 31, 2025
- 1 year
- +3.8% total return
- 5 years
- +3.9% a year
- Since first price
- +3.2% a year since 2020
FLUD trailing returns vs AGG, TLT, SPY
| Period | FLUD total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.4% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.9% | −0.2% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.7% | −0.2% | −1.5% | −3.8% | +7.8% |
| YTD | +2.8% | −0.1% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.8% | −0.3% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.8%+5.0%/yr | +1.0% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +21.1%+3.9%/yr | +0.5% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionJul 16, 2020 | +22.0%+3.2%/yr | −0.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FLUD vs AGG
From Jul 16, 2020: FLUD grew to $12,204, AGG to $9,755.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLUD returns by calendar year
5 of 5 full years positive. Best 2023 (+5.9%), worst 2021 (+0.1%). 2026 is year to date.
FLUD annual returns table
| Year | FLUD | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.8% | −0.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.4% | −0.4% | +7.2% | +4.3% | +17.7% |
| 2024 | +5.4% | −0.6% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.9% | −0.6% | +5.7% | +2.8% | +26.2% |
| 2022 | +0.2% | −1.3% | −13.0% | −31.2% | −18.2% |
| 2021 | +0.1% | −0.5% | −1.8% | −4.6% | +28.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FLUD risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +5.1% | +3.8% | +3.2% |
| Volatility (annualized) | 0.5% | 0.9% | 0.9% |
| Sharpe ratio | 1.34 | 0.35 | 0.61 |
| Sortino ratio | 3.07 | 0.53 | 0.94 |
| Best month | +0.8% | +0.8% | +0.8% |
| Worst month | +0.0% | −0.4% | −0.4% |
| Best 12 months | +6.1% | +6.3% | +6.3% |
| Worst 12 months | +3.7% | −1.1% | −1.3% |
| Positive months | 100% | 85% | 84% |
| Beta vs S&P 500 | 0.02 | 0.02 | — |
| Correlation with S&P 500 | 0.39 | 0.33 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FLUD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 64 | −1.3% | +4.6% | +6.3% | 83% |
| 3-year (a year) | 40 | +1.3% | +4.5% | +5.6% | 100% |
| 5-year (a year) | 16 | +3.0% | +3.5% | +3.9% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
FLUD performance overview
Franklin Liberty Ultra Short Bond ETF (FLUD) returned +3.8% over the past year and +3.9% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +3.2% a year, turning $10,000 into about $12,204. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: FLUD chart, FLUD dividends, FLUD bond profile. See the FLUD overview for the latest quote and fund facts.
FLUD performance FAQ
What is the FLUD return over the past year?
FLUD returned +3.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.3%.
What is the average annual return of FLUD?
FLUD has returned +3.9% a year over 5 years, +3.2% a year since July 16, 2020 (total return, distributions reinvested).
How much would $10,000 invested in FLUD be worth?
$10,000 invested in FLUD at its first recorded close on July 16, 2020 would be worth about $12,204 on October 23, 2026 with distributions reinvested.
What was the worst year for FLUD?
The worst calendar year was 2021, with a total return of +0.1%. The best was 2023 at +5.9%.
How volatile is FLUD?
Over the past 3 years FLUD had an annualized volatility of 0.5% and a Sharpe ratio of 1.34 (excess return over 1–3 month T-bills per unit of risk).