APCB vs FLCB
ActivePassive Core Bond ETF vs Franklin US Core Bond ETF
Which is better, APCB or FLCB?
Nearly the same fund. FLCB costs less.
FLCB has a lower expense ratio. APCB led over 1Y, FLCB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APCB | FLCB |
|---|---|---|
| Expense Ratio | 0.36% | 0.15%Best |
| AUM | $989M | $3.1B |
| Dividend Yield | 4.44% | 4.50% |
| Holdings | 3,770 | 642 |
| YTD Return | -2.08%Best | -2.14% |
| 1Y Return | -1.94%Best | -2.11% |
| 3Y Return (annualized) | +3.95% | +4.58%Best |
| 5Y Return (annualized) | - | -0.62% |
| Volatility (annualized) | 5.2%Best | 5.5% |
| Max Drawdown | -6.4%Best | -7.2% |
| $10,000 over 3.4 years | $10,632 | $10,768Best |
| Fund Family | Envestnet Asset Management | Franklin Templeton Investments (US) |
| Category | Fixed Income | Fixed Income |
| Inception | May 3, 2023 | Sep 17, 2019 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Oct 14, 2026 (3.4 years).
APCB vs FLCB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
APCB vs FLCB Performance
ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management and Franklin US Core Bond ETF (FLCB) is an ETF from Franklin Templeton Investments (US). Over the past year APCB returned -1.94% while FLCB returned -2.11%. Year to date, APCB is down 2.08% versus a loss of 2.14% for FLCB.
Over three years, APCB compounded at +3.95% per year against +4.58% for FLCB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLCB has been the more volatile fund, with annualized monthly volatility of 5.5% compared with 5.2% for APCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.4% for APCB and -7.2% for FLCB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APCB charges 0.36% per year while FLCB charges 0.15%. On a $10,000 position that is $36 vs $15 annually, a gap of $21 per year that compounds over a long holding period. On income, APCB currently yields 4.44% against 4.50% for FLCB.
Holdings Overlap
We hold position weights for 1,221 holdings in APCB and 342 in FLCB, totalling 75.9% and 61.0% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 46 positions appear in both.
46 positions in common, counted across the 1,221 positions we hold weights for in APCB and 342 in FLCB, against full books of 3,770 and 642.
Top Shared Holdings
| Stock | Weight in APCB | Weight in FLCB | Difference |
|---|---|---|---|
| T 3.25 06/30/27Us Treasury N/B 3.25 06/30/2027 | 0.01% | 2.79% | 2.78% |
| T 1.375 12/31/28Treasury Note (Otr) 1.38% Dec 31, 2028 | 0.12% | 1.79% | 1.67% |
| T 1.375 08/15/50United States Treas Bds 1.375% 08/15/2050 | 0.09% | 1.03% | 0.94% |
| T 4.25 08/15/35United States Treasury Note/Bond 4.25% 08/15/2035 | 0.61% | 0.46% | 0.15% |
| T 2 11/15/41Us Treas Bds 2% 11/15/41 | 0.22% | 0.75% | 0.53% |
| T 3 02/15/49Government Of The United States Of America 3.0% 15-Feb-2049 | 0.11% | 0.73% | 0.62% |
| T 2.75 11/15/42Treasury Bond 2.75% Nov 15, 2042 | 0.45% | 0.26% | 0.19% |
| T 1.25 05/15/50U.S. Treasury Bond, 1.25%, Due 05/15/2050 | 0.04% | 0.65% | 0.61% |
| T 4.125 08/31/30United States Treas Nts 4.125% 08/31/2030 | 0.00% | 0.67% | 0.67% |
| T 3.75 05/31/30Treasury Note (Otr) 3.75% May 31, 2030 | 0.11% | 0.49% | 0.38% |
You are not choosing between two funds in isolation.
Whichever of APCB and FLCB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APCB or FLCB?
APCB has an expense ratio of 0.36% while FLCB charges 0.15%. FLCB is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, APCB or FLCB?
Over the past year APCB returned -1.94% vs -2.11% for FLCB, so APCB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APCB or FLCB?
FLCB has been the more volatile fund at 5.5% annualized versus 5.2% for APCB. Worst drawdown: APCB -6.4% vs FLCB -7.2%.
Should I hold both APCB and FLCB?
APCB and FLCB have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, APCB or FLCB?
APCB yields 4.44% while FLCB yields 4.50%, so FLCB currently pays the higher dividend yield.
Is FLCB better than APCB?
FLCB has a lower expense ratio. APCB led over 1Y, FLCB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.