AFMC vs. FLQM
Compare and contrast key facts about First Trust Active Factor Mid Cap ETF (AFMC) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM).
AFMC and FLQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFMC is an actively managed fund by First Trust. It was launched on Dec 3, 2019. FLQM is a passively managed fund by Franklin Templeton that tracks the performance of the LibertyQ U.S. Mid Cap Equity Index. It was launched on Apr 26, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFMC or FLQM.
Correlation
The correlation between AFMC and FLQM is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AFMC vs. FLQM - Performance Comparison
Key characteristics
AFMC:
1.23
FLQM:
1.27
AFMC:
1.80
FLQM:
1.85
AFMC:
1.22
FLQM:
1.22
AFMC:
2.29
FLQM:
2.02
AFMC:
6.60
FLQM:
5.87
AFMC:
3.09%
FLQM:
2.72%
AFMC:
16.53%
FLQM:
12.63%
AFMC:
-42.14%
FLQM:
-37.26%
AFMC:
-7.62%
FLQM:
-6.10%
Returns By Period
In the year-to-date period, AFMC achieves a 20.67% return, which is significantly higher than FLQM's 15.72% return.
AFMC
20.67%
-6.33%
10.45%
20.39%
10.48%
N/A
FLQM
15.72%
-4.82%
7.94%
15.99%
12.02%
N/A
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AFMC vs. FLQM - Expense Ratio Comparison
AFMC has a 0.65% expense ratio, which is higher than FLQM's 0.30% expense ratio.
Risk-Adjusted Performance
AFMC vs. FLQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AFMC vs. FLQM - Dividend Comparison
AFMC's dividend yield for the trailing twelve months is around 0.64%, less than FLQM's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 0.64% | 0.87% | 1.42% | 0.84% | 1.05% | 0.29% | 0.00% | 0.00% |
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 1.26% | 1.27% | 1.33% | 1.05% | 1.09% | 1.36% | 1.45% | 1.14% |
Drawdowns
AFMC vs. FLQM - Drawdown Comparison
The maximum AFMC drawdown since its inception was -42.14%, which is greater than FLQM's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for AFMC and FLQM. For additional features, visit the drawdowns tool.
Volatility
AFMC vs. FLQM - Volatility Comparison
First Trust Active Factor Mid Cap ETF (AFMC) has a higher volatility of 4.45% compared to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) at 4.00%. This indicates that AFMC's price experiences larger fluctuations and is considered to be riskier than FLQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.