GTIP vs. FLGV
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and FLGV (Franklin Liberty U.S. Treasury Bond ETF) are both exchange-traded funds - GTIP is a Inflation-Protected Bonds fund tracking the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while FLGV is a Government Bonds fund actively managed by Franklin Templeton. GTIP is passively managed, while FLGV is actively managed. Over the past 5 years, GTIP returned 1.09%/yr vs -0.17%/yr for FLGV. A 0.76 correlation means they provide meaningful diversification when combined. GTIP charges 0.12%/yr vs 0.09%/yr for FLGV.
Performance
GTIP vs. FLGV - Performance Comparison
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Returns By Period
In the year-to-date period, GTIP achieves a 1.70% return, which is significantly higher than FLGV's 0.06% return.
GTIP
- 1D
- -0.08%
- 1M
- 0.04%
- YTD
- 1.70%
- 6M
- 1.11%
- 1Y
- 5.10%
- 3Y*
- 4.01%
- 5Y*
- 1.09%
- 10Y*
- —
FLGV
- 1D
- -0.17%
- 1M
- 0.12%
- YTD
- 0.06%
- 6M
- -0.23%
- 1Y
- 3.99%
- 3Y*
- 2.91%
- 5Y*
- -0.17%
- 10Y*
- —
GTIP vs. FLGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.70% | 6.63% | 2.04% | 3.88% | -12.14% | 5.86% | 5.26% |
FLGV Franklin Liberty U.S. Treasury Bond ETF | 0.06% | 6.22% | 0.62% | 4.18% | -11.53% | -2.39% | -0.27% |
Correlation
The correlation between GTIP and FLGV 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 | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2020 | 0.76 |
The correlation between GTIP and FLGV shifts across timeframes, from 0.76 (all time) to 0.89 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GTIP vs. FLGV — Risk / Return Rank
GTIP
FLGV
GTIP vs. FLGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and Franklin Liberty U.S. Treasury Bond ETF (FLGV). 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.
| GTIP | FLGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.42 | +1.12 |
| Martin ratioReturn relative to average drawdown | 8.00 | 4.20 | +3.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTIP | FLGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.07 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.03 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.13 | +0.69 |
Drawdowns
GTIP vs. FLGV - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, smaller than the maximum FLGV drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for GTIP and FLGV.
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Drawdown Indicators
| GTIP | FLGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -17.63% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -2.82% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -5.23% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -15.26% | +0.95% |
Current DrawdownCurrent decline from peak | -0.17% | -5.54% | +5.37% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -8.73% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.95% | -0.31% |
Volatility
GTIP vs. FLGV - Volatility Comparison
The current volatility for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is 0.97%, while Franklin Liberty U.S. Treasury Bond ETF (FLGV) has a volatility of 1.20%. This indicates that GTIP experiences smaller price fluctuations and is considered to be less risky than FLGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTIP | FLGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.20% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.49% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.73% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 5.43% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 5.15% | +0.86% |
GTIP vs. FLGV - Expense Ratio Comparison
GTIP has a 0.12% expense ratio, which is higher than FLGV's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GTIP vs. FLGV - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.69%, more than FLGV's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 4.15% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% | 0.00% | 0.00% |
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.69% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% |
Frequently Asked Questions
GTIP and FLGV 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.
FLGV has higher volatility (1.20%) compared to GTIP (0.97%). In terms of maximum drawdown, GTIP dropped -14.31% vs FLGV's -17.63%.
On 5-year performance, GTIP leads with 1.09% vs -0.17% for FLGV. On fees, FLGV is cheaper at 0.09% per year. On volatility, GTIP has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GTIP has performed better with a 1.09% return vs -0.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLGV is cheaper with a 0.09% expense ratio, compared with 0.12% for GTIP.
GTIP has the higher dividend yield at 4.69%, compared with 4.15% for FLGV.
GTIP is categorized as Inflation-Protected Bonds, while FLGV is Government Bonds. They also come from different issuers: Goldman Sachs and Franklin Templeton. Their fees differ too: 0.12% for GTIP and 0.09% for FLGV.
GTIP currently has the higher Sharpe Ratio (1.53 vs 1.07), 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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