Franklin Liberty Systematic Style Premia ETF (FLSP) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FLSP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLSP
FLSP charges 0.65% annually. There are 3 ETFs in the Long-Short category with lower expense ratios, going as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Large Cap Core Plus | 0.45% | 524.02M | Jul 2009 | FLSP vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 372.15M | Jul 2021 | FLSP vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | FLSP vs ATTR | |
| ProShares Long Online/Short Stores ETF | 0.65% | 7.28M | Nov 2017 | FLSP vs CLIX | |
| WisdomTree Inflation Plus Fund | 0.65% | 23.76M | Jun 2025 | FLSP vs WTIP |
Best Risk-Adjusted Alternatives to FLSP
FLSP has a PortfoliosLab risk / return rank of 53. There are 10 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 95 | 447.61M | Feb 2022 | FLSP vs CLSE | |
| IQ Hedge Multi-Strategy Tracker ETF | 85 | 762.37M | Mar 2009 | FLSP vs QAI | |
| Hull Tactical US ETF | 78 | 137.43M | Jun 2015 | FLSP vs HTUS | |
| ProShares Hedge Replication | 73 | 21.57M | Jul 2011 | FLSP vs HDG | |
| Proshares Large Cap Core Plus | 69 | 524.02M | Jul 2009 | FLSP vs CSM |
Top Performing FLSP Alternatives (YTD)
FLSP is at 1.26% YTD. There are 22 ETFs in the Long-Short category with higher YTD returns, going as high as 27.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 27.40% | 15.30M | Dec 2023 | FLSP vs LSEQ | |
| Convergence Long/Short Equity ETF | 25.76% | 447.61M | Feb 2022 | FLSP vs CLSE | |
| Changebridge Capital Long/Short Equity ETF | 24.21% | 55.44M | Nov 2020 | FLSP vs CBLS | |
| Aptus International Enhanced Yield ETF | 16.05% | 372.15M | Jul 2021 | FLSP vs IDUB | |
| Rareview Systematic Equity ETF | 15.92% | 59.01M | Jan 2022 | FLSP vs RSEE |
Lowest Volatility Alternatives to FLSP
FLSP has 9.27% 1-year volatility. There are 9 ETFs in the Long-Short category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AdvisorShares Alpha DNA Equity Sentiment ETF | 0.00% | 3.55M | Feb 2021 | FLSP vs SENT | |
| Arin Tactical Tail Risk ETF | 2.97% | — | Oct 2025 | FLSP vs ATTR | |
| First Trust Merger Arbitrage ETF | 5.31% | 19.86M | Feb 2020 | FLSP vs MARB | |
| ProShares Hedge Replication | 5.64% | 21.57M | Jul 2011 | FLSP vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 5.99% | 762.37M | Mar 2009 | FLSP vs QAI |
Lowest Drawdown Alternatives to FLSP
FLSP has a 1-year max drawdown of -4.03%. There are 6 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AdvisorShares Alpha DNA Equity Sentiment ETF | 0.00% | 3.55M | Feb 2021 | FLSP vs SENT | |
| First Trust Merger Arbitrage ETF | -2.43% | 19.86M | Feb 2020 | FLSP vs MARB | |
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | FLSP vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | -3.71% | 762.37M | Mar 2009 | FLSP vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.35B | Sep 2014 | FLSP vs FTLS |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 8 categories. AUM among these funds goes as high as $5B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Legg Mason International Low Volatility High Divid... | Volatility Hedged Equity, Dividend | 89 | 11.71% | 4.94B | Jul 2016 | FLSP vs LVHI | |
| Franklin FTSE India ETF | Asia Pacific Equities | 2 | -11.92% | 2.53B | Feb 2018 | FLSP vs FLIN | |
| Franklin FTSE South Korea ETF | Asia Pacific Equities | 96 | 114.41% | 1.06B | Nov 2017 | FLSP vs FLKR | |
| Legg Mason Low Volatility High Dividend ETF | Volatility Hedged Equity, Dividend | 28 | 6.72% | 581.01M | Dec 2015 | FLSP vs LVHD | |
| Franklin International Core Dividend Tilt Index ET... | Foreign Large Cap Equities | 52 | 10.89% | 2.55B | Jun 2016 | FLSP vs DIVI | |
| Franklin FTSE Japan ETF | Japan Equities | 50 | 16.23% | 3.79B | Nov 2017 | FLSP vs FLJP | |
| Franklin Responsibly Sourced Gold ETF | Precious Metals | 31 | 2.43% | 469.03M | Jun 2022 | FLSP vs FGDL | |
| Franklin FTSE China ETF | China Equities | 15 | -6.30% | 272.96M | Nov 2017 | FLSP vs FLCH | |
| Franklin FTSE Japan Hedged ETF | Japan Equities | 80 | 20.31% | 166.02M | Nov 2017 | FLSP vs FLJH | |
| Franklin Bitcoin ETF | Cryptocurrency | 2 | -25.36% | 426.34M | Jan 2024 | FLSP vs EZBC |
Often Compared With FLSP
Investors most often compare FLSP with EQLS, SDCI, IGHG. These 18 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FLSP with Any Fund or Stock
Compare FLSP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLSP with funds that move differently
Franklin Liberty Systematic Style Premia ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLSP.
Explore FLSP Diversifiers