- ISIN
- US35473P8014
- CUSIP
- 35473P801
- Issuer
- Franklin Templeton
- Inception Date
- Apr 26, 2017
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- LibertyQ U.S. Large Cap Equity Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
FLQL Performance Chart
Franklin LibertyQ U.S. Equity ETF (FLQL) is up 12.7% since the beginning of the year. FLQL is currently trading at $78 per share. Investors who bought $1,000 worth of FLQL shares 5 years ago would now be looking at an investment worth $1,994.
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Returns By Period
Franklin LibertyQ U.S. Equity ETF (FLQL) has returned 12.74% so far this year and 30.10% over the past 12 months.
Franklin LibertyQ U.S. Equity ETF
- 1D
- -0.15%
- 1M
- 1.08%
- YTD
- 12.74%
- 6M
- 11.77%
- 1Y
- 30.10%
- 3Y*
- 22.86%
- 5Y*
- 14.80%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLQL Monthly Returns History
Based on dividend-adjusted daily data since Apr 28, 2017, FLQL's average daily return is +0.06%, while the average monthly return is +1.25%. At this rate, an investment would double in approximately 4.6 years.
Historically, 69% of months were positive and 31% were negative. The best month was Apr 2020 with a return of +11.2%, while the worst month was Mar 2020 at -13.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FLQL closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.65% | 0.17% | -4.91% | 10.41% | 3.98% | 0.43% | 12.74% | ||||||
| 2025 | 3.51% | -0.71% | -6.14% | 0.04% | 6.32% | 5.57% | 2.00% | 2.52% | 3.85% | 1.46% | 0.29% | -0.06% | 19.64% |
| 2024 | 2.98% | 5.27% | 3.15% | -5.03% | 5.52% | 4.45% | 0.52% | 2.67% | 1.67% | -1.07% | 5.27% | -2.78% | 24.33% |
| 2023 | 4.20% | -2.25% | 3.90% | 0.88% | 0.71% | 6.96% | 2.02% | -0.56% | -4.85% | -1.93% | 8.81% | 4.32% | 23.58% |
| 2022 | -5.53% | -2.79% | 4.25% | -7.34% | 1.14% | -7.41% | 7.48% | -4.08% | -7.91% | 9.56% | 4.54% | -5.72% | -14.83% |
| 2021 | -1.77% | 1.61% | 6.28% | 3.77% | 1.44% | 1.96% | 3.08% | 2.02% | -5.87% | 5.88% | -0.29% | 6.38% | 26.58% |
Benchmark Metrics
Franklin LibertyQ U.S. Equity ETF has an annualized alpha of 3.05%, beta of 0.88, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since April 28, 2017.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.35%) than losses (91.17%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.05% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.88 and R2 of 0.87, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.05%
- Beta
- 0.88
- R²
- 0.87
- Upside Capture
- 98.35%
- Downside Capture
- 91.17%
Expense Ratio
FLQL has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
FLQL ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin LibertyQ U.S. Equity ETF (FLQL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLQL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 2.78 | +0.56 |
| Martin ratioReturn relative to average drawdown | 15.45 | 12.44 | +3.01 |
Dividends
Dividend History
Franklin LibertyQ U.S. Equity ETF provided a 1.01% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.76 | $0.66 | $0.71 | $0.81 | $0.85 | $0.75 | $0.62 | $0.50 | $0.35 |
Dividend yield | 1.01% | 1.10% | 1.13% | 1.50% | 2.07% | 1.81% | 1.99% | 1.78% | 1.82% | 1.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin LibertyQ U.S. Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.15 | ||||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.26 | $0.76 |
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.24 | $0.66 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.22 | $0.71 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.29 | $0.81 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.32 | $0.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin LibertyQ U.S. Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin LibertyQ U.S. Equity ETF was 33.64%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Franklin LibertyQ U.S. Equity ETF drawdown is 0.64%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.64%Mar 2020 | 1mo 9d | 5mo 13d | 6mo 22dFeb 2020 - Sep 2020 |
Bear market2022 | -21.41%Sep 2022 | 9mo 4d | 1y 1mo | 1y 10moDec 2021 - Nov 2023 |
2025 selloff2025 | -19.32%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -16.35%Dec 2018 | 3mo 1d | 2mo 27d | 5mo 28dSep 2018 - Mar 2019 |
2024 pullback2024 | -9.28%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
Drawdown Indicators
| FLQL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.64% | -56.78% | +23.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -9.10% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.32% | -18.90% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.41% | -25.43% | +4.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.80% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -10.71% | +6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.03% | -0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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