CLIX vs. FLSP
Compare and contrast key facts about ProShares Long Online/Short Stores ETF (CLIX) and Franklin Liberty Systematic Style Premia ETF (FLSP).
CLIX and FLSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLIX is a passively managed fund by ProShares that tracks the performance of the ProShares Long Online/Short Stores Index. It was launched on Nov 14, 2017. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Performance
CLIX vs. FLSP - Performance Comparison
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CLIX vs. FLSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | -11.38% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 90.91% | -0.18% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.97% | 15.56% | 11.75% | 3.14% | 0.44% | 11.44% | -15.19% | 0.90% |
Returns By Period
In the year-to-date period, CLIX achieves a -11.38% return, which is significantly lower than FLSP's 1.97% return.
CLIX
- 1D
- 0.09%
- 1M
- -0.66%
- YTD
- -11.38%
- 6M
- -10.90%
- 1Y
- 16.33%
- 3Y*
- 17.97%
- 5Y*
- -8.57%
- 10Y*
- —
FLSP
- 1D
- 0.88%
- 1M
- -1.22%
- YTD
- 1.97%
- 6M
- 6.72%
- 1Y
- 14.34%
- 3Y*
- 10.71%
- 5Y*
- 8.68%
- 10Y*
- —
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CLIX vs. FLSP - Expense Ratio Comparison
Both CLIX and FLSP have an expense ratio of 0.65%.
Return for Risk
CLIX vs. FLSP — Risk / Return Rank
CLIX
FLSP
CLIX vs. FLSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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.
| CLIX | FLSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.17 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.65 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.22 | -1.37 |
Martin ratioReturn relative to average drawdown | 2.45 | 10.08 | -7.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLIX | FLSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.17 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.65 | -0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.32 | -0.17 |
Correlation
The correlation between CLIX and FLSP is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CLIX vs. FLSP - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.60%, less than FLSP's 2.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.60% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% |
FLSP Franklin Liberty Systematic Style Premia ETF | 2.60% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% |
Drawdowns
CLIX vs. FLSP - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for CLIX and FLSP.
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Drawdown Indicators
| CLIX | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -22.75% | -50.46% |
Max Drawdown (1Y)Largest decline over 1 year | -19.57% | -6.24% | -13.33% |
Max Drawdown (5Y)Largest decline over 5 years | -68.22% | -9.52% | -58.70% |
Current DrawdownCurrent decline from peak | -47.65% | -1.26% | -46.39% |
Average DrawdownAverage peak-to-trough decline | -34.54% | -6.42% | -28.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 1.47% | +5.29% |
Volatility
CLIX vs. FLSP - Volatility Comparison
ProShares Long Online/Short Stores ETF (CLIX) has a higher volatility of 7.71% compared to Franklin Liberty Systematic Style Premia ETF (FLSP) at 3.67%. This indicates that CLIX's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLIX | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 3.67% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 7.17% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.90% | 12.35% | +10.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.03% | 13.42% | +13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 13.67% | +12.36% |