FLGV vs SCHQ
Franklin US Treasury Bond ETF vs Schwab Long-Term US Treasury ETF
Quick Verdict
SCHQ has a lower expense ratio. FLGV delivered stronger 1-year returns. SCHQ offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | FLGV | SCHQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.03% | |
| AUM | $1.0B | $803M | |
| Dividend Yield | 4.23% | 4.91% | |
| Holdings | 51 | 100 | |
| YTD Return | -0.13% | -2.39% | |
| 1Y Return | +1.80% | +0.01% | |
| 3Y Return (annualized) | +3.75% | +1.26% | |
| 5Y Return (annualized) | -0.54% | -7.14% | |
| Volatility (annualized) | 5.0% | 13.5% | |
| Max Drawdown | -18.4% | -46.7% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Fixed Income | |
| Inception | Jun 9, 2020 | Oct 10, 2019 |
FLGV vs SCHQ Performance
Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US) and Schwab Long-Term US Treasury ETF (SCHQ) is a ETF from Charles Schwab Asset Management. Over the past year FLGV returned +1.80% while SCHQ returned +0.01%. Year to date, FLGV is down 0.13% versus a loss of 2.39% for SCHQ.
Over three years, FLGV compounded at +3.75% per year against +1.26% for SCHQ; over five years the annualized figures are -0.54% and -7.14% respectively. Across the full 6-year window we track, FLGV has the edge at -0.85% annualized vs -4.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHQ has been the more volatile fund, with annualized monthly volatility of 13.5% 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 -46.7% for SCHQ. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLGV charges 0.09% per year while SCHQ charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, FLGV currently yields 4.23% against 4.91% for SCHQ.
Holdings Overlap
FLGV and SCHQ share 0 holdings out of 93 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 SCHQ?
FLGV has an expense ratio of 0.09% while SCHQ charges 0.03%. SCHQ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, FLGV or SCHQ?
Over the past year FLGV returned +1.80% vs +0.01% for SCHQ, so FLGV leads on 1-year performance. Over the longest common window we track (6 years), FLGV annualized -0.85% vs -4.36% for SCHQ. Past performance does not guarantee future results.
Which is riskier, FLGV or SCHQ?
SCHQ has been the more volatile fund at 13.5% annualized versus 5.0% for FLGV. Worst drawdown: FLGV -18.4% vs SCHQ -46.7%.
Should I hold both FLGV and SCHQ?
FLGV and SCHQ have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FLGV and SCHQ?
FLGV and SCHQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 93 unique securities.
Which pays a higher dividend, FLGV or SCHQ?
FLGV yields 4.23% while SCHQ yields 4.91%, so SCHQ currently pays the higher dividend yield.
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