ESMV vs. FLLV
ESMV (iShares ESG MSCI USA Min Vol Factor ETF) and FLLV (Franklin Liberty U.S. Low Volatility ETF) are both Low Volatility funds. ESMV is passively managed, while FLLV is actively managed. Over the past 3 years, ESMV returned 10.25%/yr vs 15.52%/yr for FLLV. Their correlation of 0.83 means they have usually moved in the same direction. ESMV charges 0.18%/yr vs 0.29%/yr for FLLV.
Performance
ESMV vs. FLLV - Performance Comparison
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Returns By Period
In the year-to-date period, ESMV achieves a 7.33% return, which is significantly lower than FLLV's 14.91% return.
ESMV
- 1D
- 0.22%
- 1M
- -0.16%
- 6M
- 6.27%
- YTD
- 7.33%
- 1Y
- 9.71%
- 3Y*
- 10.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.96%
FLLV
- 1D
- 0.47%
- 1M
- 0.96%
- 6M
- 8.29%
- YTD
- 14.91%
- 1Y
- 26.00%
- 3Y*
- 15.52%
- 5Y*
- 10.49%
- 10Y*
- —
- ALL TIME*
- 13.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.55K | $9.03K | $12.67K | |
| $621.36K | $657.47K | $945.62K |
ESMV vs. FLLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 7.33% | 5.34% | 13.06% | 12.20% | -11.08% | 3.13% |
FLLV Franklin Liberty U.S. Low Volatility ETF | 14.91% | 15.92% | 10.70% | 13.87% | -8.54% | 4.64% |
Correlation
The correlation between ESMV and FLLV is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021 | 0.83 |
The correlation between ESMV and FLLV shifts across timeframes, from 0.68 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESMV vs. FLLV — Risk / Return Rank
ESMV
FLLV
ESMV vs. FLLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and Franklin Liberty U.S. Low Volatility ETF (FLLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ESMV | FLLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.58 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 5.24 | -3.92 |
| Martin ratioReturn relative to average drawdown | 4.05 | 20.20 | -16.14 |
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Drawdowns
ESMV vs. FLLV - Drawdown Comparison
The maximum ESMV drawdown since its inception was -19.77%, smaller than the maximum FLLV drawdown of -33.95%. Use the drawdown chart below to compare losses from any high point for ESMV and FLLV.
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Drawdown Indicators
| ESMV | FLLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.77% | -33.95% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -4.90% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -14.01% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.40% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.16% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -3.22% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.27% | +1.01% |
Volatility
ESMV vs. FLLV - Volatility Comparison
iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and Franklin Liberty U.S. Low Volatility ETF (FLLV) have volatilities of 2.50% and 2.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESMV | FLLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 2.46% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 6.15% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.04% | 8.40% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 13.25% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 15.60% | -2.49% |
ESMV vs. FLLV - Expense Ratio Comparison
ESMV has a 0.18% expense ratio, which is lower than FLLV's 0.29% expense ratio.
Dividends
ESMV vs. FLLV - Dividend Comparison
ESMV's dividend yield for the trailing twelve months is around 1.50%, less than FLLV's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.50% | 1.56% | 1.71% | 1.75% | 1.66% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLLV Franklin Liberty U.S. Low Volatility ETF | 4.84% | 4.71% | 3.25% | 1.75% | 1.68% | 1.41% | 1.40% | 1.31% | 1.55% | 1.44% | 0.50% |
Frequently Asked Questions
ESMV and FLLV have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESMV has higher volatility (2.50%) compared to FLLV (2.46%). In terms of maximum drawdown, ESMV dropped -19.77% vs FLLV's -33.95%.
On 3-year performance, FLLV leads with 15.52% vs 10.25% for ESMV. On fees, ESMV is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLLV has performed better with a 15.52% return vs 10.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESMV is cheaper with a 0.18% expense ratio, compared with 0.29% for FLLV.
FLLV has the higher dividend yield at 4.84%, compared with 1.50% for ESMV.
They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.18% for ESMV and 0.29% for FLLV.
FLLV currently has the higher Sharpe Ratio (3.09 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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