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. Over the past year, FLGV returned 1.12% vs 1.76% for VGVT. Their correlation of 0.89 means they have usually moved in the same direction. FLGV charges 0.09%/yr vs 0.10%/yr for VGVT.
Performance
FLGV vs. VGVT - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FLGV at -0.65% and VGVT at -0.65%.
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%
VGVT
- 1D
- -0.38%
- 1M
- -1.01%
- 6M
- -0.94%
- YTD
- -0.65%
- 1Y
- 1.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.18M | $1.69M | $2.18M | |
| $256.38K | $357.24K | $499.27K |
FLGV vs. VGVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | -0.65% | 3.18% |
VGVT Vanguard Government Securities Active ETF | -0.65% | 3.56% |
Correlation
The correlation between FLGV and VGVT is 0.89, 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. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.89 |
The correlation between FLGV and VGVT has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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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.
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 | VGVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.92 | -0.20 |
| Martin ratioReturn relative to average drawdown | 1.73 | 2.19 | -0.46 |
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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% | -2.77% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | — | — |
Current DrawdownCurrent decline from peak | -6.21% | -2.50% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -0.83% | -7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.16% | 0.00% |
Volatility
FLGV vs. VGVT - Volatility Comparison
The current volatility for Franklin Liberty U.S. Treasury Bond ETF (FLGV) is 0.93%, while Vanguard Government Securities Active ETF (VGVT) has a volatility of 0.99%. This indicates that FLGV experiences smaller price fluctuations and is considered to be less risky than VGVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLGV | VGVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.99% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.54% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.28% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 3.27% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 3.27% | +1.85% |
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 4.23%, less than VGVT's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 3.86% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% |
VGVT Vanguard Government Securities Active ETF | 4.14% | 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.
VGVT has higher volatility (0.99%) compared to FLGV (0.93%). In terms of maximum drawdown, FLGV dropped -17.63% vs VGVT's -2.77%.
On 1-year performance, VGVT leads with 1.76% vs 1.12% for FLGV. On fees, FLGV is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VGVT has performed better with a 1.76% return vs 1.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLGV is cheaper with a 0.09% expense ratio, compared with 0.10% for VGVT.
VGVT has the higher dividend yield at 4.14%, compared with 3.86% for FLGV.
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.
VGVT currently has the higher Sharpe Ratio (0.78 vs 0.55), 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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