FVUG.L vs. FLRG.L
FVUG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) and FLRG.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, FVUG.L returned -2.41%/yr vs -2.20%/yr for FLRG.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
FVUG.L vs. FLRG.L - Performance Comparison
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Different Trading Currencies
FVUG.L is traded in GBP, while FLRG.L is traded in EUR. To make them comparable, the FLRG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FVUG.L achieves a -2.28% return, which is significantly lower than FLRG.L's -1.53% return.
FVUG.L
- 1D
- -0.71%
- 1M
- -2.23%
- 6M
- -2.05%
- YTD
- -2.28%
- 1Y
- -0.85%
- 3Y*
- 2.92%
- 5Y*
- -2.41%
- 10Y*
- —
FLRG.L
- 1D
- 0.00%
- 1M
- -1.74%
- 6M
- -1.42%
- YTD
- -1.53%
- 1Y
- -0.26%
- 3Y*
- 3.10%
- 5Y*
- -2.20%
- 10Y*
- —
FVUG.L vs. FLRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FVUG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | -2.28% | 5.85% | -1.90% | 5.64% | -14.50% | -9.35% | 11.32% | -11.93% |
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | -1.53% | 5.97% | -1.90% | 5.56% | -14.81% | -8.76% | 11.42% | 2.11% |
Correlation
The correlation between FVUG.L and FLRG.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | 0.89 |
The correlation between FVUG.L and FLRG.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
FVUG.L vs. FLRG.L — Risk / Return Rank
FVUG.L
FLRG.L
FVUG.L vs. FLRG.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) (FVUG.L) and Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.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.
| FVUG.L | FLRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.99 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.10 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.45 | -0.21 | -0.25 |
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Drawdowns
FVUG.L vs. FLRG.L - Drawdown Comparison
The maximum FVUG.L drawdown since its inception was -27.48%, roughly equal to the maximum FLRG.L drawdown of -26.99%. Use the drawdown chart below to compare losses from any high point for FVUG.L and FLRG.L.
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Drawdown Indicators
| FVUG.L | FLRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.48% | -26.99% | -0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -3.78% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -4.90% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -21.56% | -0.47% |
Current DrawdownCurrent decline from peak | -18.75% | -18.18% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -15.96% | -15.29% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.77% | +0.11% |
Volatility
FVUG.L vs. FLRG.L - Volatility Comparison
Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FVUG.L) has a higher volatility of 1.38% compared to Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) at 1.31%. This indicates that FVUG.L's price experiences larger fluctuations and is considered to be riskier than FLRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVUG.L | FLRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.31% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 3.79% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 5.03% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 6.77% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.04% | 7.20% | +1.84% |
FVUG.L vs. FLRG.L - Expense Ratio Comparison
Both FVUG.L and FLRG.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
FVUG.L vs. FLRG.L - Dividend Comparison
Neither FVUG.L nor FLRG.L has paid dividends to shareholders.
Frequently Asked Questions
FVUG.L and FLRG.L have a correlation of 0.88, 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.
FVUG.L and FLRG.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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