Which returned more over the last year, FLGV or GOVT?

In the year to Oct 28, 2026, with distributions reinvested, FLGV returned −1.4% and GOVT −1.5%.

Which is cheaper, FLGV or GOVT?

GOVT is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

FLGV vs GOVT: Differences, Returns & Fees

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FLGV's duration was 5.7 years on Jun 30, 2026 and GOVT's 5.5 on Jul 31, 2026; GOVT charges 0.05% to FLGV's 0.09%.

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Net assets: $1.2bn on Oct 28, 2026 for Franklin U.S. Treasury Bond ETF, and $42.8bn on Oct 27, 2026 for iShares U.S. Treasury Bond ETF.

FLGV on its own →GOVT on its own →

At a glance

−1.4%

FLGV total return, 1 year

−1.5%

GOVT total return, 1 year

0.09%

FLGV expense ratio

0.05%

GOVT expense ratio

Pair scorecard

GOVT costs 0.04 points a year less; their one-year returns differ by 0.1 points; GOVT is far larger, $42.8bn against $1.2bn.

FLGV vs GOVT: Differences, Returns & Fees
Measure	FLGV	GOVT
Return
Measure	FLGV	GOVT
Total return, 1 year	−1.4%	−1.5%
Drawdown
Measure	FLGV	GOVT
Below its high	6.5%, high on Aug 4, 2020	8.1%, high on Aug 4, 2020
Benchmark
Measure	FLGV	GOVT
What it tracks	No index, actively managed	ICE U.S. Treasury Core Bond Index
Cost and size
Measure	FLGV	GOVT
Expense ratio	0.09%	0.05%
Net assets, as of Oct 26, 2026	$1.2bn	$42.8bn
Holdings
Measure	FLGV	GOVT
Holdings in common	13%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Jun 19, 2020 to Oct 23, 2026 · 331 weekly returns

FLGV GOVT

Return

Total return edge FLGV −4.5% −6.3%

Annualized edge FLGV −0.7% −1.0%

Price return edge GOVT (slight) −21.5% −20.4%

Risk

Volatility edge FLGV (slight) 4.8% 5.0%

Max drawdown edge FLGV (slight) −17.2% −18.7%

Risk-adjusted

Sharpe edge Tie −0.78 −0.79

Sortino edge Tie −1.04 −1.04

Calmar edge FLGV −0.04 −0.05

Reading

FLGV returned more: −4.5% to −6.3%. FLGV swung slightly less: 4.8% to 5.0%. FLGV fell slightly less at its worst: −17.2% to −18.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FLGV vs GOVT: Differences, Returns & Fees
Measure	FLGV	GOVT	Edge	How it is measured
Return
Total return	−4.5%	−6.3%	FLGV	Price change plus distributions, reinvested.
Annualized	−0.7%	−1.0%	FLGV	Total return as a yearly rate.
Price return	−21.5%	−20.4%	GOVT (slight)	Price change alone, distributions left out.
Risk
Volatility	4.8%	5.0%	FLGV (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.6%	3.8%	FLGV (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−17.2%	−18.7%	FLGV (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.78	−0.79	Tie	Return above Treasury bills per unit of volatility.
Sortino	−1.04	−1.04	Tie	Return above Treasury bills per unit of downside deviation.
Calmar	−0.04	−0.05	FLGV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 331 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

13%

By the books each fund has filed, FLGV and GOVT hold 13% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

13% in common

Positions both hold · largest shared weight first FLGV GOVT

T 1.375 11/15/31, due Nov 15, 2031 2.64% 5.28%

T 1.875 02/15/32, due Feb 15, 2032 1.47% 0.82%

T 1.25 09/30/28, due Sep 30, 2028 0.72% 0.96%

T 4.125 11/15/32, due Nov 15, 2032 3.03% 0.64%

T 4.25 05/15/35, due May 15, 2035 2.19% 0.62%

T 4 11/15/35, due Nov 15, 2035 3.42% 0.61%

T 4 11/15/52, due Nov 15, 2052 2.51% 0.60%

T 4.625 02/15/55, due Feb 15, 2055 1.42% 0.59%

T 4.375 02/15/38, due Feb 15, 2038 0.62% 0.55%

T 3.5 01/31/30, due Jan 31, 2030 2.49% 0.55%

T 4 03/31/30, due Mar 31, 2030 1.73% 0.52%

T 4 01/31/31, due Jan 31, 2031 0.86% 0.50%

Only in one fund ↓

Only in FLGV

T 4.125 10/31/27, due Oct 31, 2027 11.53%

T 1.25 04/30/28, due Apr 30, 2028 7.53%

T 3.875 04/15/29, due Apr 15, 2029 6.83%

T 3.125 02/15/42, due Feb 15, 2042 5.48%

S 0 02/15/31, due Feb 15, 2031 4.54%

T 3.125 05/15/48, due May 15, 2048 4.27%

S 0 02/15/29, due Feb 15, 2029 2.78%

T 1.125 02/29/28, due Feb 29, 2028 2.60%

Only in GOVT

U.S. Treasury Notes, due Feb 15, 2029 2.95%

U.S. Treasury Notes, due Feb 15, 2028 2.63%

U.S. Treasury Notes, due Nov 15, 2028 2.08%

U.S. Treasury Notes, due May 15, 2028 1.62%

U.S. Treasury Bonds, due May 15, 2046 1.48%

U.S. Treasury Bonds, due Nov 15, 2042 1.46%

U.S. Treasury Bonds, due Feb 15, 2051 1.46%

U.S. Treasury Bonds, due Nov 15, 2027 1.38%

Check overlap with more funds →

Side by side

FLGV Franklin U.S. Treasury Bond ETF GOVT iShares U.S. Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Franklin iShares

What it is Actively managed Tracks an index of U.S. Treasury Bond

Total return, 1 year −1.4% −1.5%

Its benchmark over the same days −1.5% (SPTB) not measured

Gap to its benchmark +0.1 pts vs SPTB not measured

Expense ratio 0.09% 0.05%

Holdings 48 229

Net assets, FLGV as of Oct 28, 2026 and GOVT as of Oct 27, 2026 $1.2bn $42.8bn

FLGV and GOVT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-606BE90FFB

FLGV and GOVT are built for the same job. How do they differ in cost, holdings and results?

What each follows. FLGV follows No index, actively managed and GOVT follows ICE U.S. Treasury Core Bond Index.
Holdings in common. 13% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
Number of holdings. FLGV holds 48 positions and GOVT holds 229.

Data as of Oct 28, 2026.

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About each fund

FLGV

FLGV is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.5% for its benchmark, the Bloomberg U.S. Treasury Index. The prospectus expense ratio is 0.09% a year. It sat 6.5% below its high of Aug 4, 2020 on Oct 28, 2026.

GOVT

GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FLGV or GOVT?: In the year to Oct 28, 2026, with distributions reinvested, FLGV returned −1.4% and GOVT −1.5%.
Which is cheaper, FLGV or GOVT?: GOVT is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FLGV vs SCHR FLGV vs SPTI FLGV vs IEF FLGV vs VGIT GOVT vs VTG GOVT vs VGIT GOVT vs SPTI GOVT vs SCHR

Where to next

FLGV on its own →GOVT on its own →Hold both: look the portfolio through →Rankings →FLGV dividend history →FLGV holdings →GOVT dividend history →GOVT holdings →Standards and sources →

Sources and dates

FLGV filings on SEC EDGAR ↗

FLGV prospectus with the expense ratio (SEC) ↗

Franklin website ↗

GOVT filings on SEC EDGAR ↗

GOVT prospectus with the expense ratio (SEC) ↗

iShares page for GOVT ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FLGV against GOVT, data as of Oct 28, 2026. https://etfiq.com/compare/any/flgv-vs-govt

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.