FTF vs BSMT

Comparison between Franklin Ltd Duration Income Trust (FTF, ETF) and INVESCO BULLETSHARES 2029 MUNICIPAL BOND ETF (BSMT, ETF).

5-Year PerformanceFTF has outperformed BSMT, delivering a return of +2.1% compared to -0.1%

FTF vs BSMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FTF(ETF)	BSMT(ETF)
Net Assets	$260M	$260M
Expense Ratio	N/A	0.18%
Max Drawdown	63.23%	17.74%
Sharpe Ratio	-0.24	0.72
5Y Beta	0.30	0.01
5Y Dividends CAGR	-4.40%	9.71%

Net Assets

FTF

$260M

BSMT

$260M

Expense Ratio

FTF

N/A

BSMT

0.18%

Max Drawdown

FTF

63.23%

Winner

BSMT

17.74%

Sharpe Ratio

FTF

-0.24

Winner

BSMT

0.72

5Y Beta

FTF

0.30

Winner

BSMT

0.01

5Y Dividends CAGR

FTF

-4.40%

Winner

BSMT

9.71%

FTF vs BSMT - Historical Returns

Returns include dividend reinvestment.

Period	FTF	BSMT
1 month	-0.91%	+0.35%
3 months	-1.25%	-0.06%
6 months	+0.75%	+1.37%
1 year	+1.01%	+5.06%
5 years(CAGR)	+2.13%	-0.14%
10 years(CAGR)	+3.75%	N/A
Max(CAGR)	+4.92%	+0.96%

FTF

-0.91%

Winner

BSMT

+0.35%

FTF

-1.25%

Winner

BSMT

-0.06%

FTF

+0.75%

Winner

BSMT

+1.37%

FTF

+1.01%

Winner

BSMT

+5.06%

5Y(CAGR)

Winner

FTF

+2.13%

BSMT

-0.14%

10Y(CAGR)

FTF

+3.75%

BSMT

N/A

Max(CAGR)

Winner

FTF

+4.92%

BSMT

+0.96%

FTF vs BSMT - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	FTF	BSMT
2026	-1.24%	+0.87%
2025	+4.80%	+3.62%
2024	+17.84%	+0.36%
2023	+12.41%	+5.16%
2022	-22.54%	-10.94%
2021	+8.60%	+1.42%
2020	+9.26%	+6.96%
2019	+17.39%	-0.35%
2018	-14.85%	N/A
2017	+9.32%	N/A
2016	+20.34%	N/A
2015	-5.63%	N/A
2014	+0.29%	N/A
2013	-6.21%	N/A
2012	+17.68%	N/A
2011	+8.07%	N/A
2010	+18.35%	N/A
2009	+52.93%	N/A
2008	-20.82%	N/A
2007	-7.48%	N/A
2006	+17.38%	N/A
2005	-8.66%	N/A
2004	+8.08%	N/A
2003	-1.02%	N/A

FTF vs BSMT Drawdown Comparison

The maximum drawdown for FTF was -51.16%, occurring on Nov 21, 2008. Recovery took 587 trading sessions.

The maximum drawdown for BSMT was -16.19%, occurring on Oct 31, 2022. This drawdown has not yet recovered.

The current FTF drawdown is -3.23%. The current BSMT drawdown is -2.12%.

Rank	FTF	BSMT
#1	-51.16% May 31, 2007 - Sep 28, 2009	-16.19% Jul 19, 2021 - Oct 31, 2022
#2	-36.64% Aug 28, 2018 - Dec 18, 2020	-15.09% Feb 27, 2020 - Jul 23, 2020
#3	-28.55% Dec 28, 2021 - Sep 16, 2024	-3.42% Feb 11, 2021 - Jun 9, 2021
#4	-20.46% Feb 19, 2013 - Oct 21, 2016	-2.88% Aug 10, 2020 - Dec 8, 2020
#5	-17.04% Jul 8, 2011 - Mar 27, 2012	-2.14% Oct 9, 2019 - Jan 9, 2020
#6	-15.13% Mar 7, 2005 - Sep 15, 2006	-0.72% Jun 10, 2021 - Jul 6, 2021
#7	-14.73% Apr 29, 2010 - Sep 29, 2010	-0.53% Jan 6, 2021 - Jan 26, 2021
#8	-11.70% Mar 17, 2004 - Sep 3, 2004	-0.52% Sep 25, 2019 - Oct 9, 2019
#9	-11.58% Feb 19, 2025 - Jul 1, 2025	-0.47% Jan 31, 2020 - Feb 18, 2020
#10	-10.83% Oct 1, 2012 - Jan 2, 2013	-0.25% Jul 31, 2020 - Aug 4, 2020
#11	-8.82% May 24, 2012 - Jun 27, 2012	-0.15% Dec 28, 2020 - Dec 30, 2020
#12	-7.52% Oct 26, 2010 - Feb 11, 2011	-0.14% Jan 27, 2020 - Jan 31, 2020
#13	-6.54% Feb 10, 2026 - Mar 27, 2026	-0.13% Dec 21, 2020 - Dec 28, 2020
#14	-6.32% Sep 29, 2009 - Dec 14, 2009	-0.13% Aug 4, 2020 - Aug 10, 2020
#15	-6.09% Jan 26, 2018 - Aug 22, 2018	-0.10% Jul 28, 2020 - Jul 31, 2020

Correlation

Correlation between FTF and BSMT is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.69

-101

Dividend Comparison (2003 - 2026)

FTF vs BSMT dividend yield comparison.

Year	FTF	BSMT
2026	5.32%	1.13%
2025	12.00%	2.78%
2024	11.13%	2.80%
2023	11.41%	2.62%
2022	12.62%	1.65%
2021	10.26%	1.31%
2020	9.50%	1.82%
2019	10.73%	0.48%
2018	12.37%	0.00%
2017	10.86%	0.00%
2016	6.56%	0.00%
2015	6.94%	0.00%
2014	7.05%	0.00%
2013	6.90%	0.00%
2012	6.35%	0.00%
2011	7.73%	0.00%
2010	7.84%	0.00%
2009	7.95%	0.00%
2008	11.27%	0.00%
2007	8.71%	0.00%
2006	7.83%	0.00%
2005	9.04%	0.00%
2004	8.11%	0.00%
2003	2.03%	0.00%