FLGV vs. FLIN
FLGV (Franklin Liberty U.S. Treasury Bond ETF) and FLIN (Franklin FTSE India ETF) are both exchange-traded funds - FLGV is a Government Bonds fund actively managed by Franklin Templeton, while FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index. FLGV is actively managed, while FLIN is passively managed. Over the past 5 years, FLGV returned -0.17%/yr vs 4.72%/yr for FLIN. At a 0.04 correlation, their price movements are largely independent. FLGV charges 0.09%/yr vs 0.19%/yr for FLIN.
Performance
FLGV vs. FLIN - Performance Comparison
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Returns By Period
In the year-to-date period, FLGV achieves a 0.21% return, which is significantly higher than FLIN's -8.37% return.
FLGV
- 1D
- 0.10%
- 1M
- 0.57%
- YTD
- 0.21%
- 6M
- 0.30%
- 1Y
- 3.25%
- 3Y*
- 2.98%
- 5Y*
- -0.17%
- 10Y*
- —
FLIN
- 1D
- -1.64%
- 1M
- 1.99%
- YTD
- -8.37%
- 6M
- -8.98%
- 1Y
- -8.50%
- 3Y*
- 6.53%
- 5Y*
- 4.72%
- 10Y*
- —
FLGV vs. FLIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 0.21% | 6.22% | 0.62% | 4.18% | -11.53% | -2.39% | -0.27% |
FLIN Franklin FTSE India ETF | -8.37% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 36.42% |
Correlation
The correlation between FLGV and FLIN is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020 | 0.04 |
Over the past year, FLGV and FLIN have become more correlated (0.27) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
FLGV vs. FLIN — Risk / Return Rank
FLGV
FLIN
FLGV vs. FLIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Treasury Bond ETF (FLGV) and Franklin FTSE India ETF (FLIN). 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 | FLIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.92 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.45 | +1.61 |
| Martin ratioReturn relative to average drawdown | 3.18 | -1.05 | +4.23 |
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Drawdowns
FLGV vs. FLIN - Drawdown Comparison
The maximum FLGV drawdown since its inception was -17.63%, smaller than the maximum FLIN drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for FLGV and FLIN.
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Drawdown Indicators
| FLGV | FLIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -41.90% | +24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -18.79% | +15.97% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -22.85% | +17.62% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -22.85% | +7.59% |
Current DrawdownCurrent decline from peak | -5.40% | -15.64% | +10.24% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -8.06% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 8.10% | -7.08% |
Volatility
FLGV vs. FLIN - Volatility Comparison
The current volatility for Franklin Liberty U.S. Treasury Bond ETF (FLGV) is 1.03%, while Franklin FTSE India ETF (FLIN) has a volatility of 4.61%. This indicates that FLGV experiences smaller price fluctuations and is considered to be less risky than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLGV | FLIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 4.61% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 13.22% | -10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 15.18% | -11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 15.78% | -10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 20.43% | -15.29% |
FLGV vs. FLIN - Expense Ratio Comparison
FLGV has a 0.09% expense ratio, which is lower than FLIN's 0.19% expense ratio. Despite the difference, 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. FLIN - Dividend Comparison
FLGV's dividend yield for the trailing twelve months is around 4.14%, more than FLIN's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 4.14% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% | 0.00% | 0.00% |
FLIN Franklin FTSE India ETF | 0.43% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% |
Frequently Asked Questions
FLGV and FLIN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLIN has higher volatility (4.61%) compared to FLGV (1.03%). In terms of maximum drawdown, FLGV dropped -17.63% vs FLIN's -41.90%.
On 5-year performance, FLIN leads with 4.72% vs -0.17% for FLGV. On fees, FLGV is cheaper at 0.09% per year. On volatility, FLGV has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLIN has performed better with a 4.72% return vs -0.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLGV is cheaper with a 0.09% expense ratio, compared with 0.19% for FLIN.
FLGV has the higher dividend yield at 4.14%, compared with 0.43% for FLIN.
FLGV is categorized as Government Bonds, while FLIN is Asia Pacific Equities. Their fees differ too: 0.09% for FLGV and 0.19% for FLIN.
FLGV currently has the higher Sharpe Ratio (0.88 vs -0.56), 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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