Franklin Liberty Short Duration U.S.… (FTSD) Performance
FTSD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.1% since Dec 31, 2025
- 1 year
- +2.3% total return
- 5 years
- +2.6% a year
- 10 years
- +2.1% a year
- Since first price
- +1.8% a year since 2013
FTSD trailing returns vs AGG, TLT, SPY
| Period | FTSD total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.1% | −0.9% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.4% | −1.7% | −1.5% | −3.8% | +7.8% |
| YTD | +1.1% | −2.0% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.3% | −2.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.1%+4.8%/yr | +0.2% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +13.8%+2.6%/yr | −5.6% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +22.6%+2.1%/yr | −8.6% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionNov 5, 2013 | +25.4%+1.8%/yr | −11.1% | — | — | — |
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: FTSD vs AGG
From Nov 5, 2013: FTSD grew to $12,539, AGG to $12,748.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FTSD returns by calendar year
10 of 12 full years positive. Best 2025 (+5.7%), worst 2022 (−3.1%). 2026 is year to date.
FTSD annual returns table
| Year | FTSD | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.1% | −1.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.7% | −0.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +5.2% | −0.4% | +1.3% | −8.1% | +24.9% |
| 2023 | +4.8% | −1.0% | +5.7% | +2.8% | +26.2% |
| 2022 | −3.1% | −4.3% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.9% | −1.2% | −1.8% | −4.6% | +28.7% |
| 2020 | +3.1% | −1.0% | +7.5% | +18.2% | +18.3% |
| 2019 | +2.4% | −0.4% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.6% | −0.6% | +0.1% | −1.6% | −4.6% |
| 2017 | +0.6% | −0.5% | +3.6% | +9.2% | +21.7% |
| 2016 | +0.9% | −0.9% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.7% | −0.8% | +0.5% | −1.8% | +1.2% |
| 2014 | +0.6% | −0.3% | +6.0% | +27.3% | +13.5% |
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.
FTSD largest drawdowns
Now 0.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 5, 2021 | −5.3% | Oct 20, 2022 | Dec 13, 2023 | 1.7 years | 2.9 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
FTSD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +4.6% | +2.4% | +2.0% | +1.7% |
| Volatility (annualized) | 1.4% | 1.8% | 1.4% | 1.3% |
| Sharpe ratio | 0.10 | -0.76 | -0.25 | -0.06 |
| Sortino ratio | 0.13 | -0.88 | -0.32 | -0.07 |
| Best month | +1.3% | +1.3% | +1.3% | +1.3% |
| Worst month | −0.9% | −1.0% | −1.0% | −1.0% |
| Best 12 months | +7.3% | +7.3% | +7.3% | +7.3% |
| Worst 12 months | +2.1% | −4.3% | −4.3% | −4.3% |
| Positive months | 83% | 67% | 67% | 68% |
| Beta vs S&P 500 | 0.04 | 0.04 | 0.03 | — |
| Correlation with S&P 500 | 0.33 | 0.40 | 0.27 | — |
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.
FTSD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 143 | −4.3% | +1.1% | +7.3% | 86% |
| 3-year (a year) | 119 | −0.7% | +1.3% | +5.3% | 87% |
| 5-year (a year) | 95 | +0.4% | +1.4% | +2.6% | 100% |
| 10-year (a year) | 35 | +1.1% | +1.7% | +2.1% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
FTSD performance overview
Franklin Liberty Short Duration U.S.… (FTSD) returned +2.3% over the past year and +2.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +1.8% a year, turning $10,000 into about $12,539. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.3%, from Feb 5, 2021 to Oct 20, 2022, and it took 1.1 years to get back to the old high. FTSD finished 10 of its 12 full calendar years with a gain; the best year was 2025 (+5.7%) and the worst 2022 (−3.1%). Volatility has been 1.3% a year.
Related: FTSD chart, FTSD dividends, FTSD bond profile. See the FTSD overview for the latest quote and fund facts.
FTSD performance FAQ
What is the FTSD return over the past year?
FTSD returned +2.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.1%.
What is the average annual return of FTSD?
FTSD has returned +2.6% a year over 5 years, +2.1% a year over 10 years, +1.8% a year since November 5, 2013 (total return, distributions reinvested).
How much would $10,000 invested in FTSD be worth?
$10,000 invested in FTSD at its first recorded close on November 5, 2013 would be worth about $12,539 on October 23, 2026 with distributions reinvested.
What was the worst year for FTSD?
The worst calendar year was 2022, with a total return of −3.1%. The best was 2025 at +5.7%.
What is the biggest drawdown of FTSD?
The largest peak-to-trough decline was −5.3% between February 5, 2021 and October 20, 2022. It recovered to the old high on December 13, 2023, 1.1 years after the bottom.
How volatile is FTSD?
Over the past 3 years FTSD had an annualized volatility of 1.4% and a Sharpe ratio of 0.10 (excess return over 1–3 month T-bills per unit of risk).