FLGV vs. VGVT
FLGV (Franklin Liberty U.S. Treasury Bond ETF) and VGVT (Vanguard Government Securities Active ETF) are both exchange-traded funds - FLGV is a Government Bonds fund actively managed by Franklin Templeton, while VGVT is a Intermediate Core Bond fund actively managed by Vanguard. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. FLGV charges 0.09%/yr vs 0.10%/yr for VGVT.
Performance
FLGV vs. VGVT - Performance Comparison
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Returns By Period
In the year-to-date period, FLGV achieves a 0.06% return, which is significantly lower than VGVT's 0.11% return.
FLGV
- 1D
- -0.17%
- 1M
- 0.12%
- YTD
- 0.06%
- 6M
- -0.23%
- 1Y
- 3.99%
- 3Y*
- 2.91%
- 5Y*
- -0.17%
- 10Y*
- —
VGVT
- 1D
- -0.15%
- 1M
- 0.17%
- YTD
- 0.11%
- 6M
- 0.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLGV vs. VGVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 0.06% | 2.78% |
VGVT Vanguard Government Securities Active ETF | 0.11% | 3.28% |
Correlation
The correlation between FLGV and VGVT is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025 | 0.89 |
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Return for Risk
FLGV vs. VGVT — Risk / Return Rank
FLGV
VGVT
FLGV vs. VGVT - 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 Government Securities Active ETF (VGVT). 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 | VGVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | — | — |
Sortino ratioReturn per unit of downside risk | 1.63 | — | — |
Omega ratioGain probability vs. loss probability | 1.19 | — | — |
Calmar ratioReturn relative to maximum drawdown | 1.42 | — | — |
Martin ratioReturn relative to average drawdown | 4.20 | — | — |
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 | VGVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 1.17 | -1.31 |
Drawdowns
FLGV vs. VGVT - Drawdown Comparison
The maximum FLGV drawdown since its inception was -17.63%, which is greater than VGVT's maximum drawdown of -2.77%. Use the drawdown chart below to compare losses from any high point for FLGV and VGVT.
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Drawdown Indicators
| FLGV | VGVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -2.77% | -14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | — | — |
Current DrawdownCurrent decline from peak | -5.54% | -1.76% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -0.67% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
FLGV vs. VGVT - Volatility Comparison
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Volatility by Period
| FLGV | VGVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.22% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 3.22% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 3.22% | +1.93% |
FLGV vs. VGVT - Expense Ratio Comparison
FLGV has a 0.09% expense ratio, which is lower than VGVT's 0.10% 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. VGVT - Dividend Comparison
FLGV's dividend yield for the trailing twelve months is around 4.15%, more than VGVT's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 4.15% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% |
VGVT Vanguard Government Securities Active ETF | 3.99% | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLGV and VGVT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLGV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLGV is cheaper with a 0.09% expense ratio, compared with 0.10% for VGVT.
FLGV has the higher dividend yield at 4.15%, compared with 3.99% for VGVT.
FLGV is categorized as Government Bonds, while VGVT is Intermediate Core Bond. They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.09% for FLGV and 0.10% for VGVT.
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