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 -0.65%/yr vs -7.07%/yr for VGLT. Their correlation of 0.91 means they have usually moved in the same direction. FLGV charges 0.09%/yr vs 0.03%/yr for VGLT.
Performance
FLGV vs. VGLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLGV achieves a -0.65% return, which is significantly higher than VGLT's -3.26% return.
FLGV
- 1D
- -0.22%
- 1M
- -1.24%
- 6M
- -0.77%
- YTD
- -0.65%
- 1Y
- 1.12%
- 3Y*
- 3.08%
- 5Y*
- -0.65%
- 10Y*
- —
- ALL TIME*
- -0.79%
VGLT
- 1D
- -0.62%
- 1M
- -3.51%
- 6M
- -3.14%
- YTD
- -3.26%
- 1Y
- -1.67%
- 3Y*
- -0.62%
- 5Y*
- -7.07%
- 10Y*
- -1.80%
- ALL TIME*
- 2.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.18M | $1.69M | $2.18M | |
| $95.69M | $98.86M | $108.97M |
FLGV vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | -0.65% | 6.22% | 0.62% | 4.18% | -11.53% | -2.39% | -0.27% |
VGLT Vanguard Long-Term Treasury ETF | -3.26% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | -1.14% |
Correlation
The correlation between FLGV and VGLT is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 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.
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. 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.
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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.00 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | -0.05 | +0.77 |
| Martin ratioReturn relative to average drawdown | 1.73 | -0.12 | +1.85 |
Loading charts...
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.
Loading charts...
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% | -7.03% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | -13.38% | +8.38% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -40.98% | +25.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -6.21% | -38.64% | +32.43% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -15.26% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 3.19% | -2.03% |
Volatility
FLGV vs. VGLT - Volatility Comparison
The current volatility for Franklin Liberty U.S. Treasury Bond ETF (FLGV) is 0.93%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.24%. 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.
Loading charts...
Volatility by Period
| FLGV | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 2.24% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 6.31% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 8.47% | -4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 14.45% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 13.75% | -8.63% |
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 4.23%, less than VGLT's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 3.86% | 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 | 4.37% | 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 0.93, 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 (2.24%) compared to FLGV (0.93%). In terms of maximum drawdown, FLGV dropped -17.63% vs VGLT's -46.18%.
On 5-year performance, FLGV leads with -0.65% vs -7.07% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, FLGV has been the lower-risk option at 0.93%. 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 -0.65% return vs -7.07%. 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 4.37%, compared with 3.86% 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 (0.55 vs -0.04), 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 VGLT
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