- ISIN
- US35473P8840
- CUSIP
- 35473P884
- Issuer
- Franklin Templeton
- Inception Date
- Apr 26, 2017
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- LibertyQ U.S. Mid Cap Equity Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
FLQM Performance Chart
Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) is up 1.2% since the beginning of the year. FLQM is currently trading at $57 per share. Investors who bought $1,000 worth of FLQM shares 5 years ago would now be looking at an investment worth $1,396.
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Returns By Period
Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) has returned 1.19% so far this year and 8.05% over the past 12 months.
Franklin LibertyQ U.S. Mid Cap Equity ETF
- 1D
- -0.44%
- 1M
- 0.48%
- YTD
- 1.19%
- 6M
- 1.68%
- 1Y
- 8.05%
- 3Y*
- 11.25%
- 5Y*
- 6.90%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
FLQM Monthly Returns History
Based on dividend-adjusted daily data since Apr 28, 2017, FLQM's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +12.9%, while the worst month was Mar 2020 at -16.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FLQM closed higher 46% of trading days. The best single day was Mar 25, 2020 with a return of +13.6%, while the worst single day was Mar 16, 2020 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.33% | 2.49% | -5.77% | 3.50% | 0.16% | -0.25% | 1.19% | ||||||
| 2025 | 2.76% | -1.24% | -3.63% | -2.57% | 3.39% | 2.13% | 0.55% | 3.81% | -0.09% | -2.80% | 3.17% | -0.07% | 5.16% |
| 2024 | -0.19% | 5.66% | 5.49% | -6.17% | 3.89% | -1.23% | 5.30% | 1.54% | 1.92% | -2.08% | 7.50% | -6.96% | 14.32% |
| 2023 | 6.68% | -1.77% | -0.38% | 0.83% | -4.15% | 7.73% | 3.43% | -2.80% | -4.54% | -3.68% | 9.33% | 6.94% | 17.47% |
| 2022 | -8.25% | -1.54% | 3.13% | -6.77% | 0.25% | -7.50% | 9.47% | -3.31% | -8.39% | 9.43% | 7.15% | -4.95% | -12.95% |
| 2021 | -0.71% | 3.44% | 5.03% | 5.19% | 1.24% | 1.40% | 2.75% | 2.52% | -5.33% | 5.43% | -0.85% | 6.04% | 28.76% |
Benchmark Metrics
Franklin LibertyQ U.S. Mid Cap Equity ETF has an annualized alpha of 0.62%, beta of 0.77, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since May 01, 2017.
- This ETF participated in 101.26% of S&P 500 Index downside but only 90.25% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.62%
- Beta
- 0.77
- R²
- 0.61
- Upside Capture
- 90.25%
- Downside Capture
- 101.26%
Expense Ratio
FLQM has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLQM ranks 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and compare them to S&P 500 Index.
| FLQM | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 2.39 | -1.72 |
Sortino ratioReturn per unit of downside risk | 1.07 | 3.25 | -2.18 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 3.11 | -2.05 |
Martin ratioReturn relative to average drawdown | 2.99 | 14.38 | -11.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Franklin LibertyQ U.S. Mid Cap Equity ETF provided a 1.51% dividend yield over the last twelve months, with an annual payout of $0.86 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.86 | $0.84 | $0.69 | $0.61 | $0.55 | $0.51 | $0.42 | $0.46 | $0.37 | $0.32 |
Dividend yield | 1.51% | 1.49% | 1.28% | 1.27% | 1.33% | 1.05% | 1.10% | 1.37% | 1.42% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin LibertyQ U.S. Mid Cap 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 | $0.13 | $0.00 | $0.00 | $0.00 | $0.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.31 | $0.84 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.24 | $0.69 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.25 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.20 | $0.55 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.22 | $0.51 |
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. Mid Cap 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. Mid Cap Equity ETF was 37.26%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Franklin LibertyQ U.S. Mid Cap Equity ETF drawdown is 2.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.26%Mar 2020 | 1mo 2d | 5mo 13d | 6mo 15dFeb 2020 - Sep 2020 |
Bear market2022 | -22.51%Jun 2022 | 5mo 14d | 1y 6mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -19.70%Apr 2025 | 4mo 13d | 9mo 3d | 1y 1moNov 2024 - Jan 2026 |
Rate-hike selloffLate 2018 | -17.74%Dec 2018 | 2mo 29d | 3mo 5d | 6mo 4dSep 2018 - Mar 2019 |
2020 pullback2020 | -7.76%Sep 2020 | 20d | 16d | 1mo 6dSep 2020 - Oct 2020 |
Drawdown Indicators
| FLQM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.26% | -56.78% | +19.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -9.10% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | -18.90% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -22.51% | -25.43% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.86% | 0.00% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -10.72% | +5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.97% | +0.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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