FLGV vs PATN
Franklin US Treasury Bond ETF vs Pacer Nasdaq International Patent Leaders ETF
Quick Verdict
FLGV has a lower expense ratio. PATN delivered stronger 1-year returns. PATN offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FLGV | PATN | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.65% | |
| AUM | $1.0B | $234M | |
| Dividend Yield | 4.23% | 1.67% | |
| Holdings | 51 | 108 | |
| YTD Return | -0.31% | +30.11% | |
| 1Y Return | +1.85% | +51.30% | |
| 3Y Return (annualized) | +3.66% | - | |
| 5Y Return (annualized) | -0.58% | - | |
| Volatility (annualized) | 5.0% | 21.1% | |
| Max Drawdown | -18.4% | -16.8% | |
| Fund Family | Franklin Templeton Investments (US) | Pacer ETFs | |
| Category | Fixed Income | Equity | |
| Inception | Jun 9, 2020 | Sep 16, 2024 |
FLGV vs PATN Performance
Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US) and Pacer Nasdaq International Patent Leaders ETF (PATN) is a ETF from Pacer ETFs. Over the past year FLGV returned +1.85% while PATN returned +51.30%. Year to date, FLGV is down 0.31% versus a gain of 30.11% for PATN.
Risk: Volatility and Drawdowns
PATN has been the more volatile fund, with annualized monthly volatility of 21.1% 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 -16.8% for PATN. 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLGV charges 0.09% per year while PATN charges 0.65%. On a $10,000 position that is $9 vs $65 annually, a gap of $56 per year that compounds over a long holding period. On income, FLGV currently yields 4.23% against 1.67% for PATN.
Holdings Overlap
FLGV and PATN share 0 holdings out of 102 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 PATN?
FLGV has an expense ratio of 0.09% while PATN charges 0.65%. FLGV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, FLGV or PATN?
Over the past year FLGV returned +1.85% vs +51.30% for PATN, so PATN leads on 1-year performance. Over the longest common window we track (2 years), FLGV annualized -0.88% vs +37.49% for PATN. Past performance does not guarantee future results.
Which is riskier, FLGV or PATN?
PATN has been the more volatile fund at 21.1% annualized versus 5.0% for FLGV. Worst drawdown: FLGV -18.4% vs PATN -16.8%.
Should I hold both FLGV and PATN?
FLGV and PATN have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLGV and PATN?
FLGV and PATN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, FLGV or PATN?
FLGV yields 4.23% while PATN yields 1.67%, so FLGV currently pays the higher dividend yield.
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