FLCO vs GVIP

Comparison between FRANKLIN INVESTMENT GRADE CORPORATE ETF (FLCO, ETF) and GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF).

5-Year PerformanceGVIP has outperformed FLCO, delivering a return of +11.0% compared to -0.4%

FLCO vs GVIP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLCO(ETF)	GVIP(ETF)
Net Assets	$555M	$552M
Expense Ratio	0.35%	0.45%
Max Drawdown	28.31%	37.10%
Sharpe Ratio	-0.38	0.85
5Y Beta	0.11	1.24
P/E Ratio	N/A	79.78
Forward P/E	N/A	25.95
PEG Ratio	N/A	1.14
5Y Dividends CAGR	0.54%	48.90%
5Y EPS CAGR	N/A	22.95%
P/S Ratio	N/A	4.16
P/B Ratio	N/A	6.86

Net Assets

Winner

FLCO

$555M

GVIP

$552M

Expense Ratio

Winner

FLCO

0.35%

GVIP

0.45%

Max Drawdown

Winner

FLCO

28.31%

GVIP

37.10%

Sharpe Ratio

FLCO

-0.38

Winner

GVIP

0.85

5Y Beta

Winner

FLCO

0.11

GVIP

1.24

P/E Ratio

FLCO

N/A

GVIP

79.78

Forward P/E

FLCO

N/A

GVIP

25.95

PEG Ratio

FLCO

N/A

GVIP

1.14

5Y Dividends CAGR

FLCO

0.54%

Winner

GVIP

48.90%

5Y EPS CAGR

FLCO

N/A

GVIP

22.95%

P/S Ratio

FLCO

N/A

GVIP

4.16

P/B Ratio

FLCO

N/A

GVIP

6.86

FLCO vs GVIP - Historical Returns

Returns include dividend reinvestment.

Period	FLCO	GVIP
1 month	+0.36%	+0.43%
3 months	-0.37%	-1.56%
6 months	-1.77%	+9.04%
1 year	+1.64%	+21.38%
5 years(CAGR)	-0.43%	+11.05%
10 years(CAGR)	+2.00%	+16.66%
Max(CAGR)	+2.00%	+16.66%

FLCO

+0.36%

Winner

GVIP

+0.43%

Winner

FLCO

-0.37%

GVIP

-1.56%

FLCO

-1.77%

Winner

GVIP

+9.04%

FLCO

+1.64%

Winner

GVIP

+21.38%

5Y(CAGR)

FLCO

-0.43%

Winner

GVIP

+11.05%

10Y(CAGR)

FLCO

+2.00%

Winner

GVIP

+16.66%

Max(CAGR)

FLCO

+2.00%

Winner

GVIP

+16.66%

FLCO vs GVIP - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	FLCO	GVIP
2026	-0.34%	+9.81%
2025	+7.49%	+24.18%
2024	+2.52%	+31.42%
2023	+7.30%	+40.11%
2022	-15.40%	-32.35%
2021	-1.80%	+13.57%
2020	+9.74%	+42.47%
2019	+14.70%	+29.65%
2018	-2.61%	-8.03%
2017	+6.33%	+24.67%
2016	-3.09%	+7.97%

FLCO vs GVIP Drawdown Comparison

The maximum drawdown for FLCO was -22.72%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The maximum drawdown for GVIP was -37.09%, occurring on Oct 14, 2022. Recovery took 573 trading sessions.

The current FLCO drawdown is -3.23%. The current GVIP drawdown is -10.54%.

Rank	FLCO	GVIP
#1	-22.72% Dec 31, 2020 - Oct 20, 2022	-37.09% Nov 16, 2021 - Feb 29, 2024
#2	-18.62% Mar 6, 2020 - Jun 16, 2020	-36.63% Feb 19, 2020 - Jul 20, 2020
#3	-4.76% Dec 14, 2017 - Mar 8, 2019	-23.29% Feb 14, 2025 - Jun 26, 2025
#4	-4.15% Oct 5, 2016 - Jun 2, 2017	-21.47% Sep 20, 2018 - Apr 10, 2019
#5	-2.74% Aug 6, 2020 - Nov 30, 2020	-16.36% Jun 22, 2026 - Jul 29, 2026
#6	-2.41% Aug 28, 2019 - Oct 4, 2019	-13.67% Feb 2, 2026 - Apr 14, 2026
#7	-1.55% Oct 4, 2019 - Nov 26, 2019	-10.25% Jul 16, 2024 - Aug 19, 2024
#8	-1.05% Jun 30, 2017 - Jul 20, 2017	-9.91% Apr 30, 2019 - Jul 26, 2019
#9	-1.03% Jul 3, 2019 - Aug 1, 2019	-9.66% Jan 26, 2018 - Mar 12, 2018
#10	-0.96% Feb 28, 2020 - Mar 4, 2020	-9.55% Jul 26, 2019 - Nov 18, 2019
#11	-0.83% Oct 13, 2017 - Nov 30, 2017	-9.08% Mar 12, 2018 - Jun 18, 2018
#12	-0.66% Jun 22, 2020 - Jun 29, 2020	-8.76% Sep 2, 2020 - Oct 13, 2020
#13	-0.62% Dec 3, 2020 - Dec 28, 2020	-7.59% Oct 13, 2020 - Nov 5, 2020
#14	-0.56% Sep 8, 2017 - Sep 25, 2017	-7.24% Oct 29, 2025 - Dec 10, 2025
#15	-0.55% Jan 31, 2020 - Feb 10, 2020	-7.10% Feb 16, 2021 - Apr 9, 2021

Correlation

Correlation between FLCO and GVIP is 0.70 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.70

-101

Dividend Comparison (2016 - 2026)

FLCO vs GVIP dividend yield comparison.

Year	FLCO	GVIP
2026	2.76%	0.00%
2025	4.60%	0.34%
2024	4.63%	0.29%
2023	3.83%	0.77%
2022	3.85%	0.02%
2021	2.85%	0.00%
2020	3.99%	0.12%
2019	3.39%	0.77%
2018	3.86%	0.44%
2017	3.33%	0.45%
2016	0.51%	0.08%