FLCB vs. FLGV
Compare and contrast key facts about Franklin U.S. Core Bond ETF (FLCB) and Franklin Liberty U.S. Treasury Bond ETF (FLGV).
FLCB and FLGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLCB is an actively managed fund by Franklin Templeton. It was launched on Sep 19, 2019. FLGV is an actively managed fund by Franklin Templeton. It was launched on Jun 9, 2020.
Performance
FLCB vs. FLGV - Performance Comparison
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FLCB vs. FLGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | 0.05% | 6.95% | 1.59% | 5.72% | -13.54% | -1.73% | 1.96% |
FLGV Franklin Liberty U.S. Treasury Bond ETF | 0.19% | 6.22% | 0.62% | 4.18% | -11.53% | -2.39% | -0.27% |
Returns By Period
In the year-to-date period, FLCB achieves a 0.05% return, which is significantly lower than FLGV's 0.19% return.
FLCB
- 1D
- 0.14%
- 1M
- -1.84%
- YTD
- 0.05%
- 6M
- 1.01%
- 1Y
- 4.25%
- 3Y*
- 3.66%
- 5Y*
- 0.10%
- 10Y*
- —
FLGV
- 1D
- 0.12%
- 1M
- -1.62%
- YTD
- 0.19%
- 6M
- 0.98%
- 1Y
- 3.43%
- 3Y*
- 2.67%
- 5Y*
- 0.02%
- 10Y*
- —
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FLCB vs. FLGV - Expense Ratio Comparison
FLCB has a 0.15% expense ratio, which is higher than FLGV's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FLCB vs. FLGV — Risk / Return Rank
FLCB
FLGV
FLCB vs. FLGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Bond ETF (FLCB) and Franklin Liberty U.S. Treasury Bond ETF (FLGV). 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.
| FLCB | FLGV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.84 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.25 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.51 | +0.21 |
Martin ratioReturn relative to average drawdown | 4.82 | 3.95 | +0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLCB | FLGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.84 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.00 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.13 | +0.29 |
Correlation
The correlation between FLCB and FLGV is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLCB vs. FLGV - Dividend Comparison
FLCB's dividend yield for the trailing twelve months is around 4.21%, more than FLGV's 4.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | 4.21% | 4.19% | 4.10% | 3.40% | 2.73% | 2.28% | 3.24% | 0.73% |
FLGV Franklin Liberty U.S. Treasury Bond ETF | 4.06% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% | 0.00% |
Drawdowns
FLCB vs. FLGV - Drawdown Comparison
The maximum FLCB drawdown since its inception was -18.82%, which is greater than FLGV's maximum drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for FLCB and FLGV.
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Drawdown Indicators
| FLCB | FLGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -17.63% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.45% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -15.26% | -3.22% |
Current DrawdownCurrent decline from peak | -2.57% | -5.41% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -8.83% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.94% | -0.02% |
Volatility
FLCB vs. FLGV - Volatility Comparison
Franklin U.S. Core Bond ETF (FLCB) has a higher volatility of 1.71% compared to Franklin Liberty U.S. Treasury Bond ETF (FLGV) at 1.45%. This indicates that FLCB's price experiences larger fluctuations and is considered to be riskier than FLGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCB | FLGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.45% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.53% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 4.13% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.72% | 5.41% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 5.19% | +0.35% |