FLGV vs. SPY
Compare and contrast key facts about Franklin Liberty U.S. Treasury Bond ETF (FLGV) and SPDR S&P 500 ETF (SPY).
FLGV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLGV is an actively managed fund by Franklin Templeton. It was launched on Jun 9, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLGV or SPY.
Key characteristics
| FLGV | SPY | |
|---|---|---|
| YTD Return | -2.73% | 6.58% |
| 1Y Return | -2.64% | 25.57% |
| 3Y Return (Ann) | -3.26% | 8.08% |
| Sharpe Ratio | -0.37 | 2.13 |
| Daily Std Dev | 5.97% | 11.60% |
| Max Drawdown | -17.63% | -55.19% |
| Current Drawdown | -14.09% | -3.47% |
Correlation
The correlation between FLGV and SPY is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLGV vs. SPY - Performance Comparison
In the year-to-date period, FLGV achieves a -2.73% return, which is significantly lower than SPY's 6.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLGV vs. SPY - Expense Ratio Comparison
Both FLGV and SPY have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLGV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Treasury Bond ETF (FLGV) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FLGV vs. SPY - Dividend Comparison
FLGV's dividend yield for the trailing twelve months is around 3.79%, more than SPY's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 3.79% | 3.46% | 2.21% | 1.92% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FLGV vs. SPY - Drawdown Comparison
The maximum FLGV drawdown since its inception was -17.63%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLGV and SPY. For additional features, visit the drawdowns tool.
Volatility
FLGV vs. SPY - Volatility Comparison
The current volatility for Franklin Liberty U.S. Treasury Bond ETF (FLGV) is 1.85%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.03%. This indicates that FLGV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.