FLUD vs ULST

Comparison between FRANKLIN ULTRA SHORT BOND ETF (FLUD, ETF) and STATE STREET(R) ULTRA SHORT TERM BOND ETF (ULST, ETF).

5-Year PerformanceFLUD has outperformed ULST, delivering a return of +3.7% compared to +3.6%

FLUD vs ULST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLUD(ETF)	ULST(ETF)
Net Assets	$532M	$533M
Expense Ratio	0.15%	0.20%
Max Drawdown	2.89%	6.34%
Sharpe Ratio	0.32	-0.16
5Y Beta	-0.00	-0.01
5Y Dividends CAGR	23.82%	39.62%

Net Assets

FLUD

$532M

Winner

ULST

$533M

Expense Ratio

Winner

FLUD

0.15%

ULST

0.20%

Max Drawdown

Winner

FLUD

2.89%

ULST

6.34%

Sharpe Ratio

Winner

FLUD

0.32

ULST

-0.16

5Y Beta

FLUD

-0.00

Winner

ULST

-0.01

5Y Dividends CAGR

FLUD

23.82%

Winner

ULST

39.62%

FLUD vs ULST - Historical Returns

Returns include dividend reinvestment.

Period	FLUD	ULST
1 month	+0.33%	+0.27%
3 months	+0.87%	+0.71%
6 months	+1.66%	+1.50%
1 year	+4.21%	+3.75%
5 years(CAGR)	+3.71%	+3.58%
10 years(CAGR)	N/A	+2.68%
Max(CAGR)	+3.25%	+2.21%

Winner

FLUD

+0.33%

ULST

+0.27%

Winner

FLUD

+0.87%

ULST

+0.71%

Winner

FLUD

+1.66%

ULST

+1.50%

Winner

FLUD

+4.21%

ULST

+3.75%

5Y(CAGR)

Winner

FLUD

+3.71%

ULST

+3.58%

10Y(CAGR)

FLUD

N/A

ULST

+2.68%

Max(CAGR)

Winner

FLUD

+3.25%

ULST

+2.21%

FLUD vs ULST - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FLUD	ULST
2026	+1.83%	+1.58%
2025	+5.04%	+4.81%
2024	+5.42%	+5.25%
2023	+5.96%	+5.59%
2022	+0.18%	+0.87%
2021	+0.07%	+0.21%
2020	+0.77%	+1.45%
2019	N/A	+3.25%
2018	N/A	+1.94%
2017	N/A	+1.29%
2016	N/A	+1.54%
2015	N/A	+0.14%
2014	N/A	+0.29%
2013	N/A	+0.22%

FLUD vs ULST Drawdown Comparison

The maximum drawdown for FLUD was -1.66%, occurring on Jun 14, 2022. Recovery took 349 trading sessions.

The maximum drawdown for ULST was -6.20%, occurring on Mar 25, 2020. Recovery took 81 trading sessions.

The current FLUD drawdown is -0.02%. The current ULST drawdown is -0.03%.

Rank	FLUD	ULST
#1	-1.66% Aug 24, 2021 - Jan 12, 2023	-6.20% Mar 5, 2020 - Jun 30, 2020
#2	-0.65% Mar 13, 2023 - Apr 11, 2023	-1.22% Oct 5, 2021 - Nov 23, 2022
#3	-0.59% Nov 25, 2024 - Jan 15, 2025	-0.54% Aug 5, 2024 - Aug 13, 2024
#4	-0.44% Oct 17, 2025 - Nov 18, 2025	-0.54% May 2, 2014 - Jul 22, 2014
#5	-0.40% Oct 7, 2024 - Oct 15, 2024	-0.51% Jan 31, 2025 - Feb 11, 2025
#6	-0.36% Feb 5, 2021 - Jun 24, 2021	-0.50% Feb 8, 2016 - Apr 7, 2016
#7	-0.31% Aug 8, 2025 - Aug 19, 2025	-0.49% Nov 12, 2014 - Jun 1, 2015
#8	-0.30% Sep 25, 2024 - Oct 1, 2024	-0.44% Jun 1, 2015 - Feb 8, 2016
#9	-0.30% Sep 19, 2024 - Sep 23, 2024	-0.39% Jul 22, 2014 - Nov 3, 2014
#10	-0.30% Mar 25, 2026 - Apr 1, 2026	-0.39% Sep 18, 2020 - Nov 25, 2020
#11	-0.29% Sep 5, 2025 - Sep 11, 2025	-0.37% Apr 3, 2025 - Apr 16, 2025
#12	-0.28% Jun 6, 2024 - Jun 25, 2024	-0.34% May 31, 2016 - Jun 8, 2016
#13	-0.28% Apr 4, 2025 - Apr 22, 2025	-0.32% Jun 10, 2016 - Jul 18, 2016
#14	-0.27% Aug 7, 2024 - Aug 26, 2024	-0.27% May 19, 2016 - May 31, 2016
#15	-0.26% Sep 22, 2025 - Oct 7, 2025	-0.27% Jan 13, 2014 - Feb 25, 2014

Correlation

Correlation between FLUD and ULST is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.

1.00

-101

Dividend Comparison (2013 - 2026)

FLUD vs ULST dividend yield comparison.

Year	FLUD	ULST
2026	1.83%	1.99%
2025	4.51%	4.46%
2024	4.97%	5.03%
2023	4.72%	4.45%
2022	1.39%	1.70%
2021	0.92%	0.54%
2020	0.93%	1.34%
2019	0.00%	2.56%
2018	0.00%	2.13%
2017	0.00%	1.21%
2016	0.00%	0.93%
2015	0.00%	0.37%
2014	0.00%	0.34%
2013	0.00%	0.07%