FLGV vs FTKI
Franklin US Treasury Bond ETF vs First Trust Small Cap BuyWrite Income ETF
Quick Verdict
FLGV has a lower expense ratio. FTKI delivered stronger 1-year returns. FTKI offers more diversification with 144 holdings.
Side-by-Side Comparison
| Metric | FLGV | FTKI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.85% | |
| AUM | $1.0B | $25M | |
| Dividend Yield | 4.11% | 12.53% | |
| Holdings | 47 | 170 | |
| YTD Return | -0.70% | +13.43% | |
| 1Y Return | +1.42% | +20.96% | |
| 3Y Return (annualized) | +3.30% | - | |
| 5Y Return (annualized) | -0.55% | - | |
| Volatility (annualized) | 5.0% | 10.3% | |
| Max Drawdown | -18.4% | -15.2% | |
| Fund Family | Franklin Templeton Investments (US) | First Trust Portfolios (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 9, 2020 | Feb 26, 2025 |
FLGV vs FTKI Performance
Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US) and First Trust Small Cap BuyWrite Income ETF (FTKI) is a ETF from First Trust Portfolios (US). Over the past year FLGV returned +1.42% while FTKI returned +20.96%. Year to date, FLGV is down 0.70% versus a gain of 13.43% for FTKI.
Risk: Volatility and Drawdowns
FTKI has been the more volatile fund, with annualized monthly volatility of 10.3% 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 -18.4% for FLGV and -15.2% for FTKI. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLGV charges 0.09% per year while FTKI charges 0.85%. On a $10,000 position that is $9 vs $85 annually, a gap of $76 per year that compounds over a long holding period. On income, FLGV currently yields 4.11% against 12.53% for FTKI.
Holdings Overlap
FLGV and FTKI share 0 holdings out of 185 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, FLGV or FTKI?
FLGV has an expense ratio of 0.09% while FTKI charges 0.85%. FLGV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, FLGV or FTKI?
Over the past year FLGV returned +1.42% vs +20.96% for FTKI, so FTKI leads on 1-year performance. Over the longest common window we track (2 years), FLGV annualized -0.94% vs +12.86% for FTKI. Past performance does not guarantee future results.
Which is riskier, FLGV or FTKI?
FTKI has been the more volatile fund at 10.3% annualized versus 5.0% for FLGV. Worst drawdown: FLGV -18.4% vs FTKI -15.2%.
Should I hold both FLGV and FTKI?
FLGV and FTKI have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLGV and FTKI?
FLGV and FTKI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 185 unique securities.
Which pays a higher dividend, FLGV or FTKI?
FLGV yields 4.11% while FTKI yields 12.53%, so FTKI currently pays the higher dividend yield.
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