Franklin Liberty Correlations

FLIA Etf

USD 20.23 0.02 0.1%

The current 90-days correlation between Franklin Liberty Int and Franklin Liberty High is 0.28 (i.e., Modest diversification). The correlation of Franklin Liberty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Franklin Liberty Correlation With Market

Average diversification

The correlation between Franklin Liberty International and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Liberty International and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Liberty International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Franklin Etf

0.88	IAGG	iShares Core Interna	Pair Corr
0.66	BNDW	Vanguard Total World	Pair Corr
0.62	CEFD	ETRACS Monthly Pay	Pair Corr
0.65	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Franklin Etf

0.51	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.49	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.39	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.33	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.31	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	FLHY	FLBL	FLMI	FTSD	FLMB
FLHY		0.34	0.78	0.83	0.78	FLHY
FLBL	0.34		0.25	0.6	0.13	FLBL
FLMI	0.78	0.25		0.76	0.92	FLMI
FTSD	0.83	0.6	0.76		0.71	FTSD
FLMB	0.78	0.13	0.92	0.71		FLMB
	FLHY	FLBL	FLMI	FTSD	FLMB

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Franklin Liberty Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Liberty ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Franklin Liberty's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FLHY	0.16	(0.01)	(0.32)	(0.10)	0.22	(0.20)	0.33	(0.33)	0.79
FLBL	0.08	0.03	(0.37)	3.04	0.00	(0.10)	0.17	(0.13)	0.47
FLMI	0.23	(0.01)	(0.23)	(0.08)	0.32	(0.24)	0.65	(0.44)	1.75
FTSD	0.06	0.00	(1.00)	(0.01)	0.00	(0.07)	0.12	(0.12)	0.31
FLMB	0.23	(0.02)	0.00	(0.12)	0.00	0.00	0.51	(0.49)	2.09

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