ELCV vs FLGV
Eventide High Dividend ETF vs Franklin US Treasury Bond ETF
Quick Verdict
FLGV has a lower expense ratio. ELCV delivered stronger 1-year returns. FLGV offers more diversification with 51 holdings.
Side-by-Side Comparison
| Metric | ELCV | FLGV | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $262M | $1.0B | |
| Dividend Yield | 2.15% | 4.23% | |
| Holdings | 47 | 51 | |
| YTD Return | +21.66% | -0.24% | |
| 1Y Return | +26.89% | +1.79% | |
| 3Y Return (annualized) | - | +3.46% | |
| 5Y Return (annualized) | - | -0.55% | |
| Volatility (annualized) | 13.9% | 5.0% | |
| Max Drawdown | -18.4% | -18.4% | |
| Fund Family | Eventide | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | Sep 30, 2024 | Jun 9, 2020 |
ELCV vs FLGV Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US). Over the past year ELCV returned +26.89% while FLGV returned +1.79%. Year to date, ELCV is up 21.66% versus a loss of 0.24% for FLGV.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 5.0% for FLGV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.4% for ELCV and -18.4% for FLGV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while FLGV charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 4.23% for FLGV.
Holdings Overlap
ELCV and FLGV share 0 holdings out of 47 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or FLGV?
ELCV has an expense ratio of 0.49% while FLGV charges 0.09%. FLGV is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, ELCV or FLGV?
Over the past year ELCV returned +26.89% vs +1.79% for FLGV, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +16.61% vs -0.87% for FLGV. Past performance does not guarantee future results.
Which is riskier, ELCV or FLGV?
ELCV has been the more volatile fund at 13.9% annualized versus 5.0% for FLGV. Worst drawdown: ELCV -18.4% vs FLGV -18.4%.
Should I hold both ELCV and FLGV?
ELCV and FLGV have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and FLGV?
ELCV and FLGV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 47 unique securities.
Which pays a higher dividend, ELCV or FLGV?
ELCV yields 2.15% while FLGV yields 4.23%, so FLGV currently pays the higher dividend yield.
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