FFLV vs FLGV
Fidelity Fundamental Large Cap Value ETF vs Franklin US Treasury Bond ETF
Quick Verdict
FLGV has a lower expense ratio. FFLV delivered stronger 1-year returns. FFLV offers more diversification with 105 holdings.
Side-by-Side Comparison
| Metric | FFLV | FLGV | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $16M | $1.0B | |
| Dividend Yield | 1.41% | 4.11% | |
| Holdings | 119 | 47 | |
| YTD Return | +18.05% | -0.78% | |
| 1Y Return | +31.83% | +1.19% | |
| 3Y Return (annualized) | - | +3.28% | |
| 5Y Return (annualized) | - | -0.50% | |
| Volatility (annualized) | 12.3% | 5.0% | |
| Max Drawdown | -16.7% | -18.4% | |
| Fund Family | Fidelity Investments (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | Feb 9, 2024 | Jun 9, 2020 |
FFLV vs FLGV Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US). Over the past year FFLV returned +31.83% while FLGV returned +1.19%. Year to date, FFLV is up 18.05% versus a loss of 0.78% for FLGV.
Risk: Volatility and Drawdowns
FFLV has been the more volatile fund, with annualized monthly volatility of 12.3% 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 -16.7% for FFLV 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFLV charges 0.38% per year while FLGV charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, FFLV currently yields 1.41% against 4.11% for FLGV.
Holdings Overlap
FFLV and FLGV share 0 holdings out of 146 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, FFLV or FLGV?
FFLV has an expense ratio of 0.38% while FLGV charges 0.09%. FLGV is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, FFLV or FLGV?
Over the past year FFLV returned +31.83% vs +1.19% for FLGV, so FFLV leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.56% vs -0.96% for FLGV. Past performance does not guarantee future results.
Which is riskier, FFLV or FLGV?
FFLV has been the more volatile fund at 12.3% annualized versus 5.0% for FLGV. Worst drawdown: FFLV -16.7% vs FLGV -18.4%.
Should I hold both FFLV and FLGV?
FFLV and FLGV have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and FLGV?
FFLV and FLGV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 146 unique securities.
Which pays a higher dividend, FFLV or FLGV?
FFLV yields 1.41% while FLGV yields 4.11%, so FLGV currently pays the higher dividend yield.
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