CVMC vs. FLQM
Compare and contrast key facts about Calvert US Mid-Cap Core Responsible Index ETF (CVMC) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM).
CVMC and FLQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVMC is a passively managed fund by Calvert that tracks the performance of the Russell Midcap Index. It was launched on Jan 30, 2023. 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. Both CVMC and FLQM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVMC or FLQM.
Key characteristics
| CVMC | FLQM | |
|---|---|---|
| YTD Return | 11.24% | 14.73% |
| 1Y Return | 21.82% | 26.88% |
| Sharpe Ratio | 1.47 | 2.01 |
| Daily Std Dev | 14.70% | 13.25% |
| Max Drawdown | -15.90% | -37.26% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CVMC and FLQM is 0.96, 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
CVMC vs. FLQM - Performance Comparison
In the year-to-date period, CVMC achieves a 11.24% return, which is significantly lower than FLQM's 14.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CVMC vs. FLQM - Expense Ratio Comparison
CVMC has a 0.15% expense ratio, which is lower than FLQM's 0.30% expense ratio.
Risk-Adjusted Performance
CVMC vs. FLQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index ETF (CVMC) 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
CVMC vs. FLQM - Dividend Comparison
CVMC's dividend yield for the trailing twelve months is around 0.74%, less than FLQM's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 0.74% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 0.93% | 1.27% | 1.33% | 1.05% | 1.10% | 1.37% | 1.45% | 1.15% |
Drawdowns
CVMC vs. FLQM - Drawdown Comparison
The maximum CVMC drawdown since its inception was -15.90%, smaller than the maximum FLQM drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for CVMC and FLQM. For additional features, visit the drawdowns tool.
Volatility
CVMC vs. FLQM - Volatility Comparison
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) has a higher volatility of 3.83% compared to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) at 3.46%. This indicates that CVMC'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.