FLCB vs VOO
FLCB vs VOO
Franklin US Core Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLCB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $3.0B | $979.0B | |
| Dividend Yield | 4.23% | 1.09% | |
| Holdings | 473 | 509 | |
| YTD Return | -0.65% | +11.51% | |
| 1Y Return | +1.60% | +21.46% | |
| 3Y Return (annualized) | +3.96% | +20.86% | |
| 5Y Return (annualized) | -0.59% | +13.01% | |
| Volatility (annualized) | 5.6% | 14.1% | |
| Max Drawdown | -20.4% | -34.3% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 17, 2019 | Sep 7, 2010 |
FLCB vs VOO Performance
Franklin US Core Bond ETF (FLCB) is a ETF from Franklin Templeton Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FLCB returned +1.60% while VOO returned +21.46%. Year to date, FLCB is down 0.65% versus a gain of 11.51% for VOO.
Over three years, FLCB compounded at +3.96% per year against +20.86% for VOO; over five years the annualized figures are -0.59% and +13.01% respectively. Across the full 7-year window we track, VOO has the edge at +13.44% annualized vs +0.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 5.6% for FLCB. 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 -20.4% for FLCB and -34.3% for VOO. 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLCB charges 0.15% per year while VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FLCB currently yields 4.23% against 1.09% for VOO.
Holdings Overlap
FLCB and VOO share 0 holdings out of 860 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, FLCB or VOO?
FLCB has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FLCB or VOO?
Over the past year FLCB returned +1.60% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (7 years), FLCB annualized +0.15% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, FLCB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.6% for FLCB. Worst drawdown: FLCB -20.4% vs VOO -34.3%.
Should I hold both FLCB and VOO?
FLCB and VOO have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLCB and VOO?
FLCB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 860 unique securities.
Which pays a higher dividend, FLCB or VOO?
FLCB yields 4.23% while VOO yields 1.09%, so FLCB currently pays the higher dividend yield.
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