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FLLV vs. VFMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLLV vs. VFMV

Last updated Aug 1, 2026
Documentation

FLLV (Franklin Liberty U.S. Low Volatility ETF) and VFMV (Vanguard U.S. Minimum Volatility ETF) are both Low Volatility funds. Both are actively managed. Over the past 5 years, FLLV returned 10.49%/yr vs 9.39%/yr for VFMV. Their correlation of 0.84 means they have usually moved in the same direction. FLLV charges 0.29%/yr vs 0.13%/yr for VFMV.

Performance

FLLV vs. VFMV - Performance Comparison

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

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Returns By Period

In the year-to-date period, FLLV achieves a 14.91% return, which is significantly higher than VFMV's 11.10% return.

FLLV

1D
0.47%
1M
0.96%
6M
8.29%
YTD
14.91%
1Y
26.00%
3Y*
15.52%
5Y*
10.49%
10Y*
—
ALL TIME*
13.06%

VFMV

1D
0.45%
1M
2.10%
6M
7.34%
YTD
11.10%
1Y
16.07%
3Y*
14.38%
5Y*
9.39%
10Y*
—
ALL TIME*
10.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FLLV

Franklin Liberty U.S. Low Volatility ETF
$621.36K$657.47K$945.62K

VFMV

Vanguard U.S. Minimum Volatility ETF
$1.77M$2.11M$2.29M

FLLV vs. VFMV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FLLV
Franklin Liberty U.S. Low Volatility ETF		14.91%15.92%10.70%13.87%-8.54%23.36%12.33%32.72%-0.67%
VFMV
Vanguard U.S. Minimum Volatility ETF		11.10%10.52%16.91%8.86%-5.73%20.75%-0.19%27.26%-0.34%

Correlation

The correlation between FLLV and VFMV is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.77

Correlation (3Y)
Balances recent behavior with more history.

0.83

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.87

Correlation (All Time)
Calculated using the full available price history since Feb 15, 2018

0.84

The correlation between FLLV and VFMV has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.

FLLV vs. VFMV - Sectors Allocation Comparison

Sectors
FLLV
VFMV

Technology

28.8%
25.1%

Financial Services

13.0%
10.6%

Healthcare

11.6%
10.1%

Consumer Cyclical

11.0%
6.9%

Industrials

9.6%
10.1%

Communication Services

7.8%
10.7%

Consumer Defensive

6.1%
9.5%

Energy

4.4%
3.9%

Basic Materials

2.7%

-

Utilities

2.6%
6.7%

Real Estate

2.5%
6.4%

Technology

FLLV
28.8%
VFMV
25.1%

Financial Services

FLLV
13.0%
VFMV
10.6%

Healthcare

FLLV
11.6%
VFMV
10.1%

Consumer Cyclical

FLLV
11.0%
VFMV
6.9%

Industrials

FLLV
9.6%
VFMV
10.1%

Communication Services

FLLV
7.8%
VFMV
10.7%

Consumer Defensive

FLLV
6.1%
VFMV
9.5%

Energy

FLLV
4.4%
VFMV
3.9%

Basic Materials

FLLV
2.7%
VFMV

-

Utilities

FLLV
2.6%
VFMV
6.7%

Real Estate

FLLV
2.5%
VFMV
6.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin Liberty U.S. Low Volatility ETF

Vanguard U.S. Minimum Volatility ETF

Often compared with FLLV:
FLLV vs. RWLFLLV vs. PSETFLLV vs. DIVBFLLV vs. INCMFLLV vs. LGLVFLLV vs. USMVFLLV vs. FNDX
Often compared with VFMV:
VFMV vs. USMVVFMV vs. VOOVFMV vs. SCHDVFMV vs. VYMVFMV vs. VIGVFMV vs. VFMFVFMV vs. SPY

Return for Risk

FLLV vs. VFMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FLLV
FLLV Risk / Return Rank: 9696
Overall Rank
FLLV Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
FLLV Sortino Ratio Rank: 9696
Sortino Ratio Rank
FLLV Omega Ratio Rank: 9595
Omega Ratio Rank
FLLV Calmar Ratio Rank: 9595
Calmar Ratio Rank
FLLV Martin Ratio Rank: 9595
Martin Ratio Rank
VFMV
VFMV Risk / Return Rank: 7777
Overall Rank
VFMV Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VFMV Sortino Ratio Rank: 7979
Sortino Ratio Rank
VFMV Omega Ratio Rank: 7575
Omega Ratio Rank
VFMV Calmar Ratio Rank: 7575
Calmar Ratio Rank
VFMV Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLLV vs. VFMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Low Volatility ETF (FLLV) and Vanguard U.S. Minimum Volatility ETF (VFMV). 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.

FLLVVFMVDifference
Sharpe ratioReturn per unit of total volatility
3.09
1.76

+1.33

Sortino ratioReturn per unit of downside risk
4.48
2.55

+1.93

Omega ratioGain probability vs. loss probability

1.58

1.31

+0.26

Calmar ratioReturn relative to maximum drawdown

5.24

2.61

+2.62

Martin ratioReturn relative to average drawdown

20.20

10.07

+10.12

FLLV vs. VFMV - Sharpe Ratio Comparison

The current FLLV Sharpe Ratio is 3.09, which is higher than the VFMV Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of FLLV and VFMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FLLV vs. VFMV - Drawdown Comparison

The maximum FLLV drawdown since its inception was -33.95%, roughly equal to the maximum VFMV drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for FLLV and VFMV.

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Drawdown Indicators

FLLVVFMVDifference

Max Drawdown

Largest peak-to-trough decline

-33.95%

-33.64%

-0.31%

Max Drawdown (1Y)

Largest decline over 1 year

-4.90%

-6.00%

+1.10%

Max Drawdown (3Y)

Largest decline over 3 years

-14.01%

-10.35%

-3.66%

Max Drawdown (5Y)

Largest decline over 5 years

-18.40%

-15.41%

-2.99%

Current Drawdown

Current decline from peak

-0.16%

-1.16%

+1.00%

Average Drawdown

Average peak-to-trough decline

-3.22%

-3.59%

+0.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.27%

1.56%

-0.29%

Volatility

FLLV vs. VFMV - Volatility Comparison

The current volatility for Franklin Liberty U.S. Low Volatility ETF (FLLV) is 2.46%, while Vanguard U.S. Minimum Volatility ETF (VFMV) has a volatility of 2.73%. This indicates that FLLV experiences smaller price fluctuations and is considered to be less risky than VFMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLLVVFMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.46%

2.73%

-0.27%

Volatility (6M)

Calculated over the trailing 6-month period

6.15%

6.57%

-0.42%

Volatility (1Y)

Calculated over the trailing 1-year period

8.40%

8.96%

-0.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.25%

11.76%

+1.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.60%

14.16%

+1.44%

FLLV vs. VFMV - Expense Ratio Comparison

FLLV has a 0.29% expense ratio, which is higher than VFMV's 0.13% expense ratio.

Dividends

FLLV vs. VFMV - Dividend Comparison

FLLV's dividend yield for the trailing twelve months is around 4.84%, more than VFMV's 1.74% yield.

PositionTTM2025202420232022202120202019201820172016
FLLV
Franklin Liberty U.S. Low Volatility ETF		4.84%4.71%3.25%1.75%1.68%1.41%1.40%1.31%1.55%1.44%0.50%
VFMV
Vanguard U.S. Minimum Volatility ETF		1.74%2.12%1.46%2.20%2.08%1.31%2.14%2.43%2.29%0.00%0.00%

Frequently Asked Questions

FLLV and VFMV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VFMV has higher volatility (2.73%) compared to FLLV (2.46%). In terms of maximum drawdown, FLLV dropped -33.95% vs VFMV's -33.64%.

On 5-year performance, FLLV leads with 10.49% vs 9.39% for VFMV. On fees, VFMV is cheaper at 0.13% per year. On volatility, FLLV has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLLV has performed better with a 10.49% return vs 9.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VFMV is cheaper with a 0.13% expense ratio, compared with 0.29% for FLLV.

FLLV has the higher dividend yield at 4.84%, compared with 1.74% for VFMV.

They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.29% for FLLV and 0.13% for VFMV.

FLLV currently has the higher Sharpe Ratio (3.09 vs 1.76), 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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