FLGV vs. SCHR
FLGV (Franklin Liberty U.S. Treasury Bond ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both Government Bonds funds. FLGV is actively managed, while SCHR is passively managed. Over the past 5 years, FLGV returned -0.17%/yr vs 0.10%/yr for SCHR. Their correlation of 0.93 suggests significant overlap in exposure. FLGV charges 0.09%/yr vs 0.05%/yr for SCHR.
Performance
FLGV vs. SCHR - 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 SCHR's -0.43% return.
FLGV
- 1D
- 0.10%
- 1M
- 0.57%
- YTD
- 0.21%
- 6M
- 0.30%
- 1Y
- 3.25%
- 3Y*
- 2.98%
- 5Y*
- -0.17%
- 10Y*
- —
SCHR
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- -0.43%
- 6M
- -0.27%
- 1Y
- 2.71%
- 3Y*
- 3.53%
- 5Y*
- 0.10%
- 10Y*
- 1.14%
FLGV vs. SCHR - 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% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.43% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 0.10% |
Correlation
The correlation between FLGV and SCHR is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020 | 0.93 |
The correlation between FLGV and SCHR has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
FLGV vs. SCHR — Risk / Return Rank
FLGV
SCHR
FLGV vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Treasury Bond ETF (FLGV) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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 | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.97 | +0.18 |
| Martin ratioReturn relative to average drawdown | 3.18 | 2.63 | +0.55 |
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Drawdowns
FLGV vs. SCHR - Drawdown Comparison
The maximum FLGV drawdown since its inception was -17.63%, which is greater than SCHR's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for FLGV and SCHR.
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Drawdown Indicators
| FLGV | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -16.11% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.79% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -4.35% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -15.07% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -5.40% | -2.37% | -3.03% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -3.63% | -5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.03% | -0.01% |
Volatility
FLGV vs. SCHR - Volatility Comparison
Franklin Liberty U.S. Treasury Bond ETF (FLGV) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR) have volatilities of 1.03% and 1.06%, 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
| FLGV | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.06% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.48% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.42% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 5.38% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 4.47% | +0.67% |
FLGV vs. SCHR - Expense Ratio Comparison
FLGV has a 0.09% expense ratio, which is higher than SCHR'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. SCHR - Dividend Comparison
FLGV's dividend yield for the trailing twelve months is around 4.14%, more than SCHR's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.92% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
With a correlation of 0.94, FLGV and SCHR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SCHR has higher volatility (1.06%) compared to FLGV (1.03%). In terms of maximum drawdown, FLGV dropped -17.63% vs SCHR's -16.11%.
On 5-year performance, SCHR leads with 0.10% vs -0.17% for FLGV. On fees, SCHR is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHR has performed better with a 0.10% return vs -0.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.09% for FLGV.
FLGV has the higher dividend yield at 4.14%, compared with 3.92% for SCHR.
They also come from different issuers: Franklin Templeton and Charles Schwab. Their fees differ too: 0.09% for FLGV and 0.05% for SCHR.
FLGV currently has the higher Sharpe Ratio (0.88 vs 0.80), 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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