FLRG.L vs. FVUG.L
FLRG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) and FVUG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) are both Global Bonds funds from Franklin tracking the Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc). Both are passively managed. Over the past 5 years, FLRG.L returned -2.18%/yr vs -2.16%/yr for FVUG.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
FLRG.L vs. FVUG.L - Performance Comparison
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Different Trading Currencies
FLRG.L is traded in EUR, while FVUG.L is traded in GBP. To make them comparable, the FVUG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with FLRG.L having a 0.63% return and FVUG.L slightly higher at 0.64%.
FLRG.L
- 1D
- -0.04%
- 1M
- -0.46%
- 6M
- 0.08%
- YTD
- 0.63%
- 1Y
- 1.35%
- 3Y*
- 3.27%
- 5Y*
- -2.18%
- 10Y*
- —
FVUG.L
- 1D
- -0.04%
- 1M
- -0.33%
- 6M
- 0.14%
- YTD
- 0.64%
- 1Y
- 1.41%
- 3Y*
- 3.32%
- 5Y*
- -2.16%
- 10Y*
- —
FLRG.L vs. FVUG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.63% | 0.59% | 2.78% | 7.71% | -18.99% | -3.01% | 5.46% | 3.44% |
FVUG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.64% | 0.32% | 2.84% | 7.88% | -18.91% | -3.45% | 5.27% | -10.67% |
Correlation
The correlation between FLRG.L and FVUG.L is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | 0.81 |
The correlation between FLRG.L and FVUG.L has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
FLRG.L vs. FVUG.L — Risk / Return Rank
FLRG.L
FVUG.L
FLRG.L vs. FVUG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) and Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FVUG.L). 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.
| FLRG.L | FVUG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.06 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.51 | +0.07 |
| Martin ratioReturn relative to average drawdown | 1.62 | 1.41 | +0.20 |
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Drawdowns
FLRG.L vs. FVUG.L - Drawdown Comparison
The maximum FLRG.L drawdown since its inception was -23.17%, smaller than the maximum FVUG.L drawdown of -28.06%. Use the drawdown chart below to compare losses from any high point for FLRG.L and FVUG.L.
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Drawdown Indicators
| FLRG.L | FVUG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.17% | -28.06% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -2.76% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.41% | -3.63% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -22.84% | +0.21% |
Current DrawdownCurrent decline from peak | -12.19% | -17.54% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -16.46% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.00% | -0.11% |
Volatility
FLRG.L vs. FVUG.L - Volatility Comparison
Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) and Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FVUG.L) have volatilities of 1.02% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRG.L | FVUG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.05% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 3.34% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 4.06% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 6.16% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 8.12% | -3.13% |
FLRG.L vs. FVUG.L - Expense Ratio Comparison
Both FLRG.L and FVUG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FLRG.L vs. FVUG.L - Dividend Comparison
Neither FLRG.L nor FVUG.L has paid dividends to shareholders.
Frequently Asked Questions
FLRG.L and FVUG.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FLRG.L and FVUG.L have the same expense ratio: 0.25% per year.
Both ETFs track Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc).
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