Franklin Liberty U.S. Treasury Bond ETF (FLGV) Performance
FLGV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.7% since Dec 31, 2025
- 1 year
- −1.0% total return
- 5 years
- −0.3% a year
- Since first price
- −0.8% a year since 2020
FLGV trailing returns vs AGG, TLT, SPY
| Period | FLGV total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.2% | +0.9% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.1% | −1.2% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.2% | −3.3% | −1.5% | −3.8% | +7.8% |
| YTD | −0.7% | −3.8% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.0% | −5.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +13.0%+4.2%/yr | +0.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −1.6%−0.3%/yr | −17.3% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionJun 11, 2020 | −4.8%−0.8%/yr | −21.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FLGV vs AGG
From Jun 11, 2020: FLGV grew to $9,520, AGG to $9,881.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLGV returns by calendar year
3 of 5 full years positive. Best 2025 (+6.2%), worst 2022 (−11.5%). 2026 is year to date.
FLGV annual returns table
| Year | FLGV | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.7% | −4.4% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.2% | −2.4% | +7.2% | +4.3% | +17.7% |
| 2024 | +0.6% | −4.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +4.2% | −6.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −11.5% | −13.3% | −13.0% | −31.2% | −18.2% |
| 2021 | −2.4% | −4.1% | −1.8% | −4.6% | +28.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FLGV largest drawdowns
Now 6.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 4, 2020 | −17.6% | Oct 19, 2023 | not yet | 3.2 years | 6.2 years so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
FLGV risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +3.1% | −0.8% | −1.1% |
| Volatility (annualized) | 5.0% | 5.4% | 5.1% |
| Sharpe ratio | -0.23 | -0.80 | -0.77 |
| Sortino ratio | -0.30 | -0.95 | -0.92 |
| Best month | +3.3% | +3.3% | +3.3% |
| Worst month | −2.5% | −3.3% | −3.3% |
| Best 12 months | +9.5% | +9.5% | +9.5% |
| Worst 12 months | −1.9% | −13.2% | −13.2% |
| Positive months | 64% | 52% | 52% |
| Beta vs S&P 500 | 0.17 | 0.18 | — |
| Correlation with S&P 500 | 0.41 | 0.53 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FLGV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 65 | −13.2% | −0.4% | +9.5% | 49% |
| 3-year (a year) | 41 | −5.4% | −0.8% | +4.3% | 49% |
| 5-year (a year) | 17 | −1.6% | −0.6% | +0.2% | 12% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
FLGV performance overview
Franklin Liberty U.S. Treasury Bond ETF (FLGV) returned −1.0% over the past year and −0.3% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned −0.8% a year, turning $10,000 into about $9,520. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −17.6%, from Aug 4, 2020 to Oct 19, 2023; the fund has not yet regained that high. FLGV finished 3 of its 5 full calendar years with a gain; the best year was 2025 (+6.2%) and the worst 2022 (−11.5%). Volatility has been 5.1% a year.
Related: FLGV chart, FLGV dividends, FLGV bond profile. See the FLGV overview for the latest quote and fund facts.
FLGV performance FAQ
What is the FLGV return over the past year?
FLGV returned −1.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.0%.
What is the average annual return of FLGV?
FLGV has returned −0.3% a year over 5 years, −0.8% a year since June 11, 2020 (total return, distributions reinvested).
How much would $10,000 invested in FLGV be worth?
$10,000 invested in FLGV at its first recorded close on June 11, 2020 would be worth about $9,520 on October 23, 2026 with distributions reinvested.
What was the worst year for FLGV?
The worst calendar year was 2022, with a total return of −11.5%. The best was 2025 at +6.2%.
What is the biggest drawdown of FLGV?
The largest peak-to-trough decline was −17.6% between August 4, 2020 and October 19, 2023. It has not yet recovered to that high; it is 6.3% below its peak.
How volatile is FLGV?
Over the past 3 years FLGV had an annualized volatility of 5.0% and a Sharpe ratio of -0.23 (excess return over 1–3 month T-bills per unit of risk).