FLGV vs RISR: Grades, Fees and Holdings Compared

Franklin U.S. Treasury Bond ETF

FLGVBNYSE Arca

FolioBeyond Alternative Income and Interest Rate Hedge ETF

RISR—NYSE Arca

Overlap

No data

Expense ratio

FLGV −0.95pt a year

FLGV0.09%RISR1.04%

Avg volume · 30D

FLGV 1.5×the volume

FLGV230KRISR152K

5Y return · a year

RISR +15.1pt

FLGV−0.4%RISR+14.7%

FLGV vs RISR Performance

Oct 29, 2021 – Oct 30, 2026

−1.8%FLGV+98.9%RISR

Expense ratio: FLGV 0.09%, better; RISR 1.04%
Fund size: FLGV $1.24B; RISR $484M
1Y total return: FLGV −0.3%; RISR +8.7%, better
Yield (12M): FLGV 4.23%; RISR 5.85%, better
Holdings: FLGV 66; RISR 175
Avg volume (30D): FLGV 230K sh, better; RISR 152K sh
NAV per share: FLGV $19.84; RISR $36.78
52W range

ETF.net Grade

—RISRUnder classification review

Pillar letters and Scores for FLGV, RISR, with each pillar’s weight
Pillar	FLGV	RISR
Cost30% weight	A70	Not scored
Mission25% weight	A95	Not scored
Risk15% weight	C46	Not scored
Tradability15% weight	C50	Not scored
Holdings10% weight	C53	Not scored
Durability5% weight	B58	Not scored

Rank among US Treasury & Government funds

How we build Categories ›

US Treasury & Government⁠

Category · 16 funds

See all 16 ›

FLGV ranks 4th of 16 funds in the US Treasury & Government Category.

Rank 1AGOVTiShares U.S. Treasury Bond ETFScore 79
Rank 2ASPTBState Street SPDR Portfolio Treasury ETFScore 78
Rank 3AVTGVanguard Total Treasury ETFScore 75
Rank 4BFLGVFranklin U.S. Treasury Bond ETFScore 67
Rank 5BSGVTSchwab Government Money Market ETFScore 64
RISRNot yet graded

Our read on each fund

ETF.net Research

FLGVBFranklin U.S. Treasury Bond ETF

RISR—FolioBeyond Alternative Income and Interest Rate Hedge ETF

In short

FLGV Treasuries only, anywhere from 1 to 30 years, in one ticker. Franklin charges 0.09%, under the typical fee in its Treasury peer group, and the income lands monthly.

RISR No data

Stated mandate

FLGV The Fund seeks income and normally invests at least 80% of net assets in direct U.S. Treasury obligations and related Treasury exposures. It may hold Treasury securities of any maturity, with primary emphasis on remaining maturities from 1 to 30 years.

RISR No data

Why people hold it

FLGV One ticker for the whole Treasury curve: at least 80% of net assets in direct U.S. Treasury obligations, with the emphasis on maturities running 1 to 30 years.
0.09% a year undercuts the 0.12% median for Treasury funds in its peer group. On government paper, where yields are what they are, the fee is the lever you control.
Pays monthly, and it is a multi-billion-dollar fund, so the income arrives on a predictable schedule rather than in quarterly lumps.
Since its 2020 launch it has hewed tightly to its stated Treasury mandate, one of the closer mandate matches in a crowded Treasury peer group.

RISR No data

Worth knowing

FLGV Cheaper shelf-mates exist: VGIT and VTG run 0.03%, a third of this fee. You are paying a bit more for Franklin's version of the same government paper.
Moderately traded rather than one of the tape's busiest Treasury funds, so spreads matter more on large or hurried orders.
Holdings can stretch out to 30-year maturities, so this carries real interest-rate sensitivity, not the calm of a T-bill fund.

RISR No data

Full FLGV profile⁠

Full RISR profile⁠

FLGV vs RISR Holdings

How FLGV and RISR differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Asset classFixed Income100%
Countryby domicile100%

Sector

No Sector split for FLGV and RISR.

Country, concentration and asset class

Country by domicile

Country weights in FLGV and RISR, widest gap first
Country	More in FLGVMore in RISR	FLGV	RISR
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

FLGV44.6%
RISR29.7%

Securities held

FLGV63
RISR153

Asset class

FLGV: Fixed Income
RISR: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. FLGV holds 63 securities, RISR 153.

All FLGV holdings⁠All 175 RISR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FLGV vs RISR Cost

Overpaying RISR vs FLGV

$17,436

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FLGV 0.09%
$1,898
RISR 1.04%
$19,334

Amount$10,000

Years30 years

Cost over time

FLGV 0.09%
RISR 1.04%
Overpaying

Year by year

Year	FLGV	RISR	Overpaying
10	$165	$1,831	$1,666
20	$646	$6,867	$6,221
30	$1,898	$19,334	$17,436

Expense ratio

0.09%FLGV, cheaper
1.04%RISR

FLGV0.09%RISR1.04%

0.03%1.04%

Middle half of US Treasury & Government funds
Median 0.15%

FLGV 5th cheapest of 16 funds

RISR 16th cheapest of 16 funds

FLGV vs RISR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FLGV 4.23%; RISR 5.85%, better
Payout (12M): FLGV $0.84; RISR $2.15
Last payment: FLGV $0.06; RISR $0.18
Ex-dividend: FLGV Oct 1, 2026; RISR Oct 29, 2026
Paid on: FLGV Oct 6, 2026; RISR Oct 30, 2026
Frequency: FLGV Monthly; RISR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FLGVMonthly · 45 paymentsAll FLGV payments⁠

RISRMonthly · 46 paymentsAll RISR payments⁠

FLGV vs RISR Risk

Fall from peak · 5 years

FLGV
RISR

Risk facts

VolatilityStd dev, 3 years: FLGV 5.1%, betterRISR 6.7%
Return per unit of riskSharpe ratio, 3 years: FLGV −0.01RISR 0.66, better
Worst fallMax drawdown, 5 years: FLGV −14.8%RISR −14.3%, better
Market sensitivityBeta, 5 years: FLGV 0.88RISR −1.01; Market = 1

Popular comparisons

FLGVBvsGOVTA
Franklin U.S. Treasury Bond ETF · iShares U.S. Treasury Bond ETF
Expense ratio
0.09% · 0.05%
Category
RISR—vsGOVTA
FolioBeyond Alternative Income and Interest Rate Hedge ETF · iShares U.S. Treasury Bond ETF
Expense ratio
1.04% · 0.05%
Category
FLGVBvsSPTBA
Franklin U.S. Treasury Bond ETF · State Street SPDR Portfolio Treasury ETF
Expense ratio
0.09% · 0.03%
Category
RISR—vsSPTBA
FolioBeyond Alternative Income and Interest Rate Hedge ETF · State Street SPDR Portfolio Treasury ETF
Expense ratio
1.04% · 0.03%
Category
FLGVBvsVTGA
Franklin U.S. Treasury Bond ETF · Vanguard Total Treasury ETF
Expense ratio
0.09% · 0.03%
Category
RISR—vsVTGA
FolioBeyond Alternative Income and Interest Rate Hedge ETF · Vanguard Total Treasury ETF
Expense ratio
1.04% · 0.03%
Category