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ETFs

Franklin Ultra Short Bond ETF

FLUD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 14 2020
Expense Ratio
0.15%
Type
US Bonds
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$186,506
AUM
$3,682,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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JPMorgan Chase Notes 2018-23.07.24 Global Floating Rate
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CITIGROUP INC
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AXP4662254
AMERICAN EXPRESS CO
4.07%
MS5169364
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4.07%
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Westpac Banking Notes 2019-26.02.24 Global Floating Rate
4.06%
BAC5168820
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4.04%
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CITIBANK CREDIT CARD ISSUANCE
2.72%
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AT&T Notes 2018-12.06.24 Global Floating Rate
2.71%
Invest with FLUD

What is FLUD?

Franklin Liberty Ultra Short Bond ETFis an Active ETF. It invests at least 80% of its net assets in bonds and investments that provide exposure to bonds. Bonds include, but are not limited to, a variety of fixed and variable rate debt obligations, including government and corporate debt securities; money market instruments; mortgage- and assetbacked securities; and municipal securities. The Fund targets an estimated average portfolio duration of one (1) year or less. The Fund may invest in securities issued or guaranteed by the U.S. government or by non-U.S. governments or their respective agencies or instrumentalities, including mortgage-backed securities and inflation-indexed securities issued by the U.S. Treasury.

ETFs related toFLUD

ETFs correlated to FLUD include XONE, YEAR, VGSH

FLUD
Franklin Templeton ETF Trust - Franklin Ultra Short Bond ETF
XONE
BondBloxx ETF Trust - BondBloxx Bloomberg One Year Target Duration US Treasury ETF
YEAR
AB Active ETFs Inc - AB Ultra Short Income ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
OBIL
Rbb Fund Inc - US Treasury 12 Month Bill ETF
SCHO
Schwab Strategic Trust - Schwab Short-Term U.S. Treasury ETF
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
SHY
BlackRock Institutional Trust Company N.A. - iShares 1-3 Year Treasury Bond ETF
IBTE
iShares Trust - iShares iBonds Dec 2024 Term Treasury ETF
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
XHLF
BondBloxx ETF Trust - BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFLUD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#BUFF

The Buffett

Category

Classic

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FLUD using Composer

FAQ

FLUD is a US Bonds ETF. Franklin Liberty Ultra Short Bond ETFis an Active ETF. It invests at least 80% of its net assets in bonds and investments that provide exposure to bonds. Bonds include, but are not limited to, a variety of fixed and variable rate debt obligations, including government and corporate debt securities; money market instruments; mortgage- and assetbacked securities; and municipal securities. The Fund targets an estimated average portfolio duration of one (1) year or less. The Fund may invest in securities issued or guaranteed by the U.S. government or by non-U.S. governments or their respective agencies or instrumentalities, including mortgage-backed securities and inflation-indexed securities issued by the U.S. Treasury.

Yes, FLUD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FLUD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLUD is 0.0032%. This is the percent change in the value of FLUD over the most recent 1-month period. The 3-month return on FLUD is 0.0111%. This is the percent change in the value of FLUD over the most recent 3-month period.

The standard deviation of FLUD for the past year is 0.0119%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLUD include BIV, MINT, and BLV.

ETFs correlated to FLUD include XONE, YEAR, and VGSH.

ETFs that are inversely correlated to FLUD include TYO, PST, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.