FLLV vs. USMV
Compare and contrast key facts about Franklin Liberty U.S. Low Volatility ETF (FLLV) and iShares Edge MSCI Min Vol USA ETF (USMV).
FLLV and USMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLLV is an actively managed fund by Franklin Templeton. It was launched on Sep 20, 2016. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLLV or USMV.
Key characteristics
| FLLV | USMV | |
|---|---|---|
| YTD Return | 13.34% | 19.55% |
| 1Y Return | 19.90% | 25.54% |
| 3Y Return (Ann) | 6.94% | 7.44% |
| 5Y Return (Ann) | 11.01% | 9.41% |
| Sharpe Ratio | 2.44 | 3.03 |
| Sortino Ratio | 3.35 | 4.27 |
| Omega Ratio | 1.44 | 1.57 |
| Calmar Ratio | 4.14 | 5.08 |
| Martin Ratio | 13.00 | 19.74 |
| Ulcer Index | 1.71% | 1.29% |
| Daily Std Dev | 9.11% | 8.40% |
| Max Drawdown | -33.95% | -33.10% |
| Current Drawdown | -1.46% | -1.43% |
Correlation
The correlation between FLLV and USMV is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FLLV vs. USMV - Performance Comparison
In the year-to-date period, FLLV achieves a 13.34% return, which is significantly lower than USMV's 19.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLLV vs. USMV - Expense Ratio Comparison
FLLV has a 0.29% expense ratio, which is higher than USMV's 0.15% expense ratio.
Risk-Adjusted Performance
FLLV vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Low Volatility ETF (FLLV) and iShares Edge MSCI Min Vol USA ETF (USMV). 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.
Dividends
FLLV vs. USMV - Dividend Comparison
FLLV's dividend yield for the trailing twelve months is around 2.95%, more than USMV's 1.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLLV Franklin Liberty U.S. Low Volatility ETF | 2.95% | 1.75% | 0.00% | 1.41% | 0.00% | 1.31% | 0.00% | 1.44% | 0.50% | 0.00% | 0.00% | 0.00% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.63% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% | 2.18% |
Drawdowns
FLLV vs. USMV - Drawdown Comparison
The maximum FLLV drawdown since its inception was -33.95%, roughly equal to the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for FLLV and USMV. For additional features, visit the drawdowns tool.
Volatility
FLLV vs. USMV - Volatility Comparison
The current volatility for Franklin Liberty U.S. Low Volatility ETF (FLLV) is 2.33%, while iShares Edge MSCI Min Vol USA ETF (USMV) has a volatility of 2.92%. This indicates that FLLV experiences smaller price fluctuations and is considered to be less risky than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.