FLGV vs VGI
Franklin US Treasury Bond ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
FLGV has a lower expense ratio. VGI delivered stronger 1-year returns. VGI offers more diversification with 434 holdings.
Side-by-Side Comparison
| Metric | FLGV | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.74% | |
| AUM | $1.0B | $88M | |
| Dividend Yield | 4.11% | 11.98% | |
| Holdings | 47 | 646 | |
| YTD Return | -0.70% | +1.61% | |
| 1Y Return | +1.42% | +5.13% | |
| 3Y Return (annualized) | +3.30% | +11.18% | |
| 5Y Return (annualized) | -0.55% | +2.21% | |
| Volatility (annualized) | 5.0% | 14.2% | |
| Max Drawdown | -18.4% | -63.3% | |
| Fund Family | Franklin Templeton Investments (US) | Virtus Investment Partners | |
| Category | Fixed Income | Fixed Income | |
| Inception | Jun 9, 2020 | Feb 23, 2012 |
FLGV vs VGI Performance
Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US) and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year FLGV returned +1.42% while VGI returned +5.13%. Year to date, FLGV is down 0.70% versus a gain of 1.61% for VGI.
Over three years, FLGV compounded at +3.30% per year against +11.18% for VGI; over five years the annualized figures are -0.55% and +2.21% respectively. Across the full 6-year window we track, FLGV has the edge at -0.94% annualized vs -2.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VGI has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -63.3% for VGI. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLGV charges 0.09% per year while VGI charges 1.74%. On a $10,000 position that is $9 vs $174 annually, a gap of $165 per year that compounds over a long holding period. On income, FLGV currently yields 4.11% against 11.98% for VGI.
Holdings Overlap
FLGV and VGI share 2 holdings out of 473 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLGV | Weight in VGI | Difference |
|---|---|---|---|
| T 4.625 02/15/55 | 1.48% | 2.59% | 1.11% |
| T 4.625 02/15/35 | 1.03% | 0.71% | 0.32% |
Frequently Asked Questions
Which is cheaper, FLGV or VGI?
FLGV has an expense ratio of 0.09% while VGI charges 1.74%. FLGV is the cheaper option. On a $10,000 investment, that is $165 per year of difference.
Which performed better, FLGV or VGI?
Over the past year FLGV returned +1.42% vs +5.13% for VGI, so VGI leads on 1-year performance. Over the longest common window we track (6 years), FLGV annualized -0.94% vs -2.37% for VGI. Past performance does not guarantee future results.
Which is riskier, FLGV or VGI?
VGI has been the more volatile fund at 14.2% annualized versus 5.0% for FLGV. Worst drawdown: FLGV -18.4% vs VGI -63.3%.
Should I hold both FLGV and VGI?
FLGV and VGI have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLGV and VGI?
FLGV and VGI share 2 common holdings with a 2.2% weight overlap. Combined, they hold 473 unique securities.
Which pays a higher dividend, FLGV or VGI?
FLGV yields 4.11% while VGI yields 11.98%, so VGI currently pays the higher dividend yield.
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