- Issuer
- Franklin Templeton
- Inception Date
- Jun 9, 2020
- Region
- North America (U.S.)
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
FLGV Performance Chart
Franklin Liberty U.S. Treasury Bond ETF (FLGV) is up 0.1% since the beginning of the year. FLGV is currently trading at $20 per share. Investors who bought $1,000 worth of FLGV shares 5 years ago would now be looking at an investment worth $990.
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Returns By Period
Franklin Liberty U.S. Treasury Bond ETF (FLGV) has returned 0.11% so far this year and 3.40% over the past 12 months.
Franklin Liberty U.S. Treasury Bond ETF
- 1D
- -0.30%
- 1M
- 0.47%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 3.40%
- 3Y*
- 2.95%
- 5Y*
- -0.20%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLGV Monthly Returns History
Based on dividend-adjusted daily data since Jun 11, 2020, FLGV's average daily return is 0.00%, while the average monthly return is -0.05%.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +3.3%, while the worst month was Sep 2022 at -3.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FLGV closed higher 48% of trading days. The best single day was Nov 10, 2022 with a return of +1.5%, while the worst single day was Jun 13, 2022 at -1.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.12% | 1.72% | -1.62% | -0.07% | 0.08% | -0.10% | 0.11% | ||||||
| 2025 | 0.40% | 2.08% | 0.39% | 0.58% | -1.00% | 1.38% | -0.41% | 1.15% | 0.72% | 0.69% | 0.61% | -0.51% | 6.22% |
| 2024 | -0.24% | -1.42% | 0.63% | -2.38% | 1.52% | 1.13% | 2.20% | 1.30% | 1.14% | -2.50% | 0.81% | -1.44% | 0.62% |
| 2023 | 2.46% | -2.07% | 2.74% | 0.48% | -0.96% | -0.81% | -0.34% | -0.39% | -2.22% | -1.11% | 3.34% | 3.22% | 4.18% |
| 2022 | -1.69% | -0.87% | -2.55% | -2.83% | 0.14% | -0.71% | 1.55% | -2.25% | -3.30% | -1.46% | 2.53% | -0.60% | -11.53% |
| 2021 | -1.02% | -2.01% | -0.93% | 0.63% | 0.20% | 0.61% | 1.27% | -0.15% | -1.06% | 0.10% | 0.46% | -0.46% | -2.39% |
Benchmark Metrics
Franklin Liberty U.S. Treasury Bond ETF has an annualized alpha of -0.80%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 11, 2020.
- This ETF participated in 29.21% of S&P 500 Index downside but only 8.96% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.02 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.80%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 8.96%
- Downside Capture
- 29.21%
Expense Ratio
FLGV has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
FLGV ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Liberty U.S. Treasury Bond ETF (FLGV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLGV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.78 | -1.57 |
| Martin ratioReturn relative to average drawdown | 3.34 | 12.44 | -9.10 |
Dividends
Dividend History
Franklin Liberty U.S. Treasury Bond ETF provided a 4.15% dividend yield over the last twelve months, with an annual payout of $0.84 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.84 | $0.83 | $0.83 | $0.72 | $0.46 | $0.46 | $0.24 |
Dividend yield | 4.15% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Liberty U.S. Treasury Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.07 | $0.06 | $0.07 | $0.08 | $0.07 | $0.35 | ||||||
| 2025 | $0.00 | $0.07 | $0.07 | $0.06 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.14 | $0.83 |
| 2024 | $0.00 | $0.06 | $0.06 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.08 | $0.15 | $0.83 |
| 2023 | $0.00 | $0.06 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.05 | $0.07 | $0.13 | $0.72 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.11 | $0.46 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.00 | $0.11 | $0.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Liberty U.S. Treasury Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Liberty U.S. Treasury Bond ETF was 17.63%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Franklin Liberty U.S. Treasury Bond ETF drawdown is 5.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -17.63%Oct 2023 | 3y 2mo | — | 5y 10moAug 2020 - now |
2020 pullback2020 | -0.57%Jun 2020 | 4d | 10d | 14dJun 2020 - Jun 2020 |
2020 pullback2020 | -0.28%Jul 2020 | 6d | 3d | 9dJun 2020 - Jul 2020 |
2020 pullback2020 | -0.12%Jul 2020 | 0s | 1d | 1dJul 2020 - Jul 2020 |
2020 pullback2020 | -0.08%Aug 2020 | 3d | 1d | 4dJul 2020 - Aug 2020 |
Drawdown Indicators
| FLGV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -56.78% | +39.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -9.10% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -18.90% | +13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -25.43% | +10.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.49% | -1.80% | -3.69% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -10.71% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.03% | -1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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