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 4 ETFs in the Long-Short category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Flexible Equity Active ETF | 0.40% | 1.61B | May 2026 | FLSP vs BFLX | |
| Aptus International Enhanced Yield ETF | 0.45% | 490.37M | Jul 2021 | FLSP vs IDUB | |
| Proshares Large Cap Core Plus | 0.45% | 515.52M | Jul 2009 | FLSP vs CSM | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | FLSP vs ATTR | |
| ProShares Long Online/Short Stores ETF | 0.65% | 7.48M | Nov 2017 | FLSP vs CLIX |
Best Risk-Adjusted Alternatives to FLSP
FLSP has a PortfoliosLab risk / return rank of 88. There is 1 ETF in the Long-Short category with a higher risk-adjusted rank, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 96 | 447.61M | Dec 2009 | FLSP vs CLSE | |
| NYLI Hedge Multi-Strategy Tracker ETF | 83 | 1.02B | Mar 2009 | FLSP vs QAI | |
| ProShares Hedge Replication | 80 | 22.00M | Jul 2011 | FLSP vs HDG | |
| Aptus International Enhanced Yield ETF | 78 | 490.37M | Jul 2021 | FLSP vs IDUB | |
| Hull Tactical US ETF | 77 | 137.43M | Jun 2015 | FLSP vs HTUS |
Top Performing FLSP Alternatives (YTD)
FLSP is at 5.20% YTD. There are 19 ETFs in the Long-Short category with higher YTD returns, going as high as 24.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 24.37% | 447.61M | Dec 2009 | FLSP vs CLSE | |
| Harbor Long-Short Equity ETF | 23.37% | 15.30M | Dec 2023 | FLSP vs LSEQ | |
| Aptus International Enhanced Yield ETF | 15.21% | 490.37M | Jul 2021 | FLSP vs IDUB | |
| Efficient Market Portfolio Plus ETF | 14.62% | — | Dec 2024 | FLSP vs EMPB | |
| Militia Long/Short Equity ETF | 13.55% | 138.61M | Jan 2025 | FLSP vs ORR |
Lowest Volatility Alternatives to FLSP
FLSP has 8.88% 1-year volatility. There are 6 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.30% | — | Oct 2025 | FLSP vs ATTR | |
| ProShares Hedge Replication | 6.41% | 22.00M | Jul 2011 | FLSP vs HDG | |
| Federated Hermes MDT Market Neutral ETF | 6.65% | 106.80M | Sep 2025 | FLSP vs MKTN | |
| NYLI Hedge Multi-Strategy Tracker ETF | 6.85% | 1.02B | Mar 2009 | FLSP vs QAI | |
| AltShares Event-Driven ETF | 7.57% | 8.62M | Dec 2014 | FLSP vs EVNT |
Lowest Drawdown Alternatives to FLSP
FLSP has a 1-year max drawdown of -4.03%. There are 4 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -3.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | FLSP vs EVNT | |
| NYLI Hedge Multi-Strategy Tracker ETF | -3.71% | 1.02B | Mar 2009 | FLSP vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.49B | Sep 2014 | FLSP vs FTLS | |
| ProShares Hedge Replication | -3.97% | 22.00M | Jul 2011 | FLSP vs HDG | |
| Convergence Long/Short Equity ETF | -4.85% | 447.61M | Dec 2009 | FLSP vs CLSE |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 11 categories. AUM among these funds goes as high as $5B.
Often Compared With FLSP
Investors most often compare FLSP with EQLS, SDCI, IGHG. These 18 comparison targets span 13 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