FLLV vs. DIVB

Last updated Jun 3, 2026

FLLV (Franklin Liberty U.S. Low Volatility ETF) and DIVB (iShares U.S. Dividend and Buyback ETF) are both exchange-traded funds - FLLV is a Volatility Hedged Equity fund actively managed by Franklin Templeton, while DIVB is a Large Cap Blend Equities fund tracking the Morningstar US Dividend and Buyback Index. FLLV is actively managed, while DIVB is passively managed. Over the past 5 years, FLLV returned 11.45%/yr vs 12.47%/yr for DIVB. Their correlation of 0.84 suggests significant overlap in exposure. FLLV charges 0.29%/yr vs 0.25%/yr for DIVB.

Performance

FLLV vs. DIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty U.S. Low Volatility ETF (FLLV) and iShares U.S. Dividend and Buyback ETF (DIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLLV achieves a 13.91% return, which is significantly lower than DIVB's 18.01% return.

FLLV

• 1D: 0.65%
• 1M: 2.47%
• YTD: 13.91%
• 6M: 16.10%
• 1Y: 28.82%
• 3Y*: 17.41%
• 5Y*: 11.45%
• 10Y*: —

DIVB

• 1D: 1.00%
• 1M: 8.21%
• YTD: 18.01%
• 6M: 20.03%
• 1Y: 31.43%
• 3Y*: 22.30%
• 5Y*: 12.47%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLLV vs. DIVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLLV Franklin Liberty U.S. Low Volatility ETF	13.91%	15.92%	10.70%	13.87%	-8.54%	23.36%	12.33%	32.72%	-2.14%	3.29%
DIVB iShares U.S. Dividend and Buyback ETF	18.01%	15.09%	18.59%	13.27%	-10.51%	31.29%	10.78%	32.72%	-8.16%	5.95%

Correlation

The correlation between FLLV and DIVB is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.84

The correlation between FLLV and DIVB has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

FLLV vs. DIVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLLV

FLLV Risk / Return Rank: 93
FLLV Sharpe Ratio Rank: 93
FLLV Sortino Ratio Rank: 95
FLLV Omega Ratio Rank: 93
FLLV Calmar Ratio Rank: 91
FLLV Martin Ratio Rank: 91

DIVB

DIVB Risk / Return Rank: 83
DIVB Sharpe Ratio Rank: 84
DIVB Sortino Ratio Rank: 86
DIVB Omega Ratio Rank: 81
DIVB Calmar Ratio Rank: 85
DIVB Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLLV vs. DIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Low Volatility ETF (FLLV) and iShares U.S. Dividend and Buyback ETF (DIVB). 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.

	FLLV	DIVB	Difference
Sharpe ratio Return per unit of total volatility	3.50	2.79	+0.71
Sortino ratio Return per unit of downside risk	5.08	3.92	+1.17
Omega ratio Gain probability vs. loss probability	1.66	1.49	+0.16
Calmar ratio Return relative to maximum drawdown	5.94	4.67	+1.27
Martin ratio Return relative to average drawdown	22.48	15.96	+6.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLLV vs. DIVB - Sharpe Ratio Comparison

The current FLLV Sharpe Ratio is 3.50, which is comparable to the DIVB Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of FLLV and DIVB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLLV	DIVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.50	2.79	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.82	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.76	+0.08

Drawdowns

FLLV vs. DIVB - Drawdown Comparison

The maximum FLLV drawdown since its inception was -33.95%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for FLLV and DIVB.

Drawdown Indicators

	FLLV	DIVB	Difference
Max Drawdown Largest peak-to-trough decline	-33.95%	-36.93%	+2.98%
Max Drawdown (1Y) Largest decline over 1 year	-4.90%	-6.82%	+1.92%
Max Drawdown (3Y) Largest decline over 3 years	-14.01%	-15.45%	+1.44%
Max Drawdown (5Y) Largest decline over 5 years	-18.40%	-21.08%	+2.68%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.25%	-5.00%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	2.00%	-0.71%

Volatility

FLLV vs. DIVB - Volatility Comparison

The current volatility for Franklin Liberty U.S. Low Volatility ETF (FLLV) is 1.97%, while iShares U.S. Dividend and Buyback ETF (DIVB) has a volatility of 3.44%. This indicates that FLLV experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLLV	DIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	3.44%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	8.43%	-2.51%
Volatility (1Y) Calculated over the trailing 1-year period	8.28%	11.32%	-3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	15.23%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	18.38%	-2.69%

FLLV vs. DIVB - Expense Ratio Comparison

FLLV has a 0.29% expense ratio, which is higher than DIVB's 0.25% expense ratio.

Dividends

FLLV vs. DIVB - Dividend Comparison

FLLV's dividend yield for the trailing twelve months is around 4.70%, more than DIVB's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVB iShares U.S. Dividend and Buyback ETF	2.17%	2.50%	2.61%	3.18%	2.02%	1.63%	2.08%	2.07%	2.52%	0.37%	0.00%
FLLV Franklin Liberty U.S. Low Volatility ETF	4.70%	4.71%	3.25%	1.75%	1.68%	1.41%	1.40%	1.31%	1.55%	1.44%	0.50%

Frequently Asked Questions

Can I hold both FLLV and DIVB in my portfolio?

FLLV and DIVB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLLV or DIVB?

DIVB has higher volatility (3.44%) compared to FLLV (1.97%). In terms of maximum drawdown, FLLV dropped -33.95% vs DIVB's -36.93%.

Which ETF is better, FLLV or DIVB?

On 5-year performance, DIVB leads with 12.47% vs 11.45% for FLLV. On fees, DIVB is cheaper at 0.25% per year. On volatility, FLLV has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLLV or DIVB?

Over the 5-year period, DIVB has performed better with a 12.47% return vs 11.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLLV or DIVB?

DIVB is cheaper with a 0.25% expense ratio, compared with 0.29% for FLLV.

Which ETF pays a higher dividend yield, FLLV or DIVB?

FLLV has the higher dividend yield at 4.70%, compared with 2.17% for DIVB.

What is the main difference between FLLV and DIVB?

FLLV is categorized as Volatility Hedged Equity, while DIVB is Large Cap Blend Equities. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.29% for FLLV and 0.25% for DIVB.

Which has better risk-adjusted returns?

FLLV currently has the higher Sharpe Ratio (3.50 vs 2.79), 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.