FLGV vs. VGLT
FLGV (Franklin Liberty U.S. Treasury Bond ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds. FLGV is actively managed, while VGLT is passively managed. Over the past 5 years, FLGV returned -0.17%/yr vs -5.30%/yr for VGLT. Their correlation of 0.91 suggests significant overlap in exposure. FLGV charges 0.09%/yr vs 0.03%/yr for VGLT.
Performance
FLGV vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, FLGV achieves a 0.06% return, which is significantly higher than VGLT's -0.41% return.
FLGV
- 1D
- -0.17%
- 1M
- 0.12%
- YTD
- 0.06%
- 6M
- -0.23%
- 1Y
- 3.99%
- 3Y*
- 2.91%
- 5Y*
- -0.17%
- 10Y*
- —
VGLT
- 1D
- -0.40%
- 1M
- 0.71%
- YTD
- -0.41%
- 6M
- -1.68%
- 1Y
- 5.25%
- 3Y*
- -0.72%
- 5Y*
- -5.30%
- 10Y*
- -1.10%
FLGV vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 0.06% | 6.22% | 0.62% | 4.18% | -11.53% | -2.39% | -0.27% |
VGLT Vanguard Long-Term Treasury ETF | -0.41% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | -3.01% |
Correlation
The correlation between FLGV and VGLT 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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2020 | 0.91 |
The correlation between FLGV and VGLT has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
FLGV vs. VGLT — Risk / Return Rank
FLGV
VGLT
FLGV vs. VGLT - 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 Long-Term Treasury ETF (VGLT). 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.
| FLGV | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.75 | +0.67 |
| Martin ratioReturn relative to average drawdown | 4.20 | 1.96 | +2.24 |
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
| FLGV | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.59 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.37 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.19 | -0.32 |
Drawdowns
FLGV vs. VGLT - Drawdown Comparison
The maximum FLGV drawdown since its inception was -17.63%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for FLGV and VGLT.
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Drawdown Indicators
| FLGV | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -46.18% | +28.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -7.01% | +4.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -17.68% | +12.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -40.98% | +25.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -5.54% | -36.83% | +31.29% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -15.06% | +6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.68% | -1.73% |
Volatility
FLGV vs. VGLT - Volatility Comparison
The current volatility for Franklin Liberty U.S. Treasury Bond ETF (FLGV) is 1.20%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.59%. This indicates that FLGV experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLGV | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 2.59% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 5.94% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 8.88% | -5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 14.58% | -9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 13.81% | -8.66% |
FLGV vs. VGLT - Expense Ratio Comparison
FLGV has a 0.09% expense ratio, which is higher than VGLT's 0.03% 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. VGLT - Dividend Comparison
FLGV's dividend yield for the trailing twelve months is around 4.15%, less than VGLT's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 4.15% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGLT Vanguard Long-Term Treasury ETF | 4.61% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
With a correlation of 0.94, FLGV and VGLT 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.
VGLT has higher volatility (2.59%) compared to FLGV (1.20%). In terms of maximum drawdown, FLGV dropped -17.63% vs VGLT's -46.18%.
On 5-year performance, FLGV leads with -0.17% vs -5.30% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, FLGV has been the lower-risk option at 1.20%. 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 -0.17% return vs -5.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.09% for FLGV.
VGLT has the higher dividend yield at 4.61%, compared with 4.15% for FLGV.
They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.09% for FLGV and 0.03% for VGLT.
FLGV currently has the higher Sharpe Ratio (1.07 vs 0.59), 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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