FLGV vs HFXI
Franklin US Treasury Bond ETF vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
FLGV has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | FLGV | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.20% | |
| AUM | $1.0B | $2.1B | |
| Dividend Yield | 4.23% | 3.39% | |
| Holdings | 51 | 876 | |
| YTD Return | -0.31% | +17.30% | |
| 1Y Return | +1.85% | +29.54% | |
| 3Y Return (annualized) | +3.66% | +21.69% | |
| 5Y Return (annualized) | -0.58% | +12.45% | |
| Volatility (annualized) | 5.0% | 13.8% | |
| Max Drawdown | -18.4% | -34.2% | |
| Fund Family | Franklin Templeton Investments (US) | INDEXIQ ETF TRUST | |
| Category | Fixed Income | Equity | |
| Inception | Jun 9, 2020 | Jul 22, 2015 |
FLGV vs HFXI Performance
Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US) and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year FLGV returned +1.85% while HFXI returned +29.54%. Year to date, FLGV is down 0.31% versus a gain of 17.30% for HFXI.
Over three years, FLGV compounded at +3.66% per year against +21.69% for HFXI; over five years the annualized figures are -0.58% and +12.45% respectively. Across the full 6-year window we track, HFXI has the edge at +7.92% annualized vs -0.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HFXI has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -34.2% for HFXI. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLGV charges 0.09% per year while HFXI charges 0.20%. On a $10,000 position that is $9 vs $20 annually, a gap of $11 per year that compounds over a long holding period. On income, FLGV currently yields 4.23% against 3.39% for HFXI.
Holdings Overlap
FLGV and HFXI share 0 holdings out of 743 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 HFXI?
FLGV has an expense ratio of 0.09% while HFXI charges 0.20%. FLGV is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, FLGV or HFXI?
Over the past year FLGV returned +1.85% vs +29.54% for HFXI, so HFXI leads on 1-year performance. Over the longest common window we track (6 years), FLGV annualized -0.88% vs +7.92% for HFXI. Past performance does not guarantee future results.
Which is riskier, FLGV or HFXI?
HFXI has been the more volatile fund at 13.8% annualized versus 5.0% for FLGV. Worst drawdown: FLGV -18.4% vs HFXI -34.2%.
Should I hold both FLGV and HFXI?
FLGV and HFXI have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLGV and HFXI?
FLGV and HFXI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 743 unique securities.
Which pays a higher dividend, FLGV or HFXI?
FLGV yields 4.23% while HFXI yields 3.39%, so FLGV currently pays the higher dividend yield.
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