FLGV vs. EDV
FLGV (Franklin Liberty U.S. Treasury Bond ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both Government Bonds funds. FLGV is actively managed, while EDV is passively managed. Over the past 5 years, FLGV returned -0.03%/yr vs -9.72%/yr for EDV. Their correlation of 0.88 suggests significant overlap in exposure. FLGV charges 0.09%/yr vs 0.05%/yr for EDV.
Performance
FLGV vs. EDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLGV achieves a 0.75% return, which is significantly lower than EDV's 3.01% return.
FLGV
- 1D
- 0.02%
- 1M
- 0.83%
- YTD
- 0.75%
- 6M
- 0.63%
- 1Y
- 3.45%
- 3Y*
- 3.12%
- 5Y*
- -0.03%
- 10Y*
- —
EDV
- 1D
- -0.20%
- 1M
- 4.93%
- YTD
- 3.01%
- 6M
- 1.33%
- 1Y
- 4.53%
- 3Y*
- -4.70%
- 5Y*
- -9.72%
- 10Y*
- -3.54%
FLGV vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 0.75% | 6.22% | 0.62% | 4.18% | -11.53% | -2.39% | -0.27% |
EDV Vanguard Extended Duration Treasury ETF | 3.01% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | -1.33% |
Correlation
The correlation between FLGV and EDV is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020 | 0.88 |
The correlation between FLGV and EDV has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLGV vs. EDV — Risk / Return Rank
FLGV
EDV
FLGV vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Treasury Bond ETF (FLGV) and Vanguard Extended Duration Treasury ETF (EDV). 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.
| FLGV | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.36 | +0.87 |
| Martin ratioReturn relative to average drawdown | 3.37 | 0.80 | +2.56 |
Loading charts...
Drawdowns
FLGV vs. EDV - Drawdown Comparison
The maximum FLGV drawdown since its inception was -17.63%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for FLGV and EDV.
Loading charts...
Drawdown Indicators
| FLGV | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -59.96% | +42.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -12.54% | +9.72% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -26.90% | +21.67% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -55.03% | +39.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.96% | — |
Current DrawdownCurrent decline from peak | -4.89% | -52.74% | +47.85% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -23.53% | +14.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 5.65% | -4.62% |
Volatility
FLGV vs. EDV - Volatility Comparison
The current volatility for Franklin Liberty U.S. Treasury Bond ETF (FLGV) is 1.11%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 3.83%. This indicates that FLGV experiences smaller price fluctuations and is considered to be less risky than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLGV | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 3.83% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 10.06% | -7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 14.36% | -10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 21.58% | -16.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 19.79% | -14.65% |
FLGV vs. EDV - Expense Ratio Comparison
FLGV has a 0.09% expense ratio, which is higher than EDV's 0.05% 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%.
Dividends
FLGV vs. EDV - Dividend Comparison
FLGV's dividend yield for the trailing twelve months is around 4.12%, less than EDV's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.81% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
FLGV Franklin Liberty U.S. Treasury Bond ETF | 4.12% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLGV and EDV have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (3.83%) compared to FLGV (1.11%). In terms of maximum drawdown, FLGV dropped -17.63% vs EDV's -59.96%.
On 5-year performance, FLGV leads with -0.03% vs -9.72% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, FLGV has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLGV has performed better with a -0.03% return vs -9.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.09% for FLGV.
EDV has the higher dividend yield at 4.81%, compared with 4.12% for FLGV.
They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.09% for FLGV and 0.05% for EDV.
FLGV currently has the higher Sharpe Ratio (0.93 vs 0.32), 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.
Find the right allocation for FLGV and EDV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer