ENDW vs. FLSP

Last updated Aug 2, 2026

ENDW (Cambria Endowment Style ETF) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both exchange-traded funds - ENDW is a Global Allocation fund actively managed by Cambria, while FLSP is a Long-Short fund actively managed by Franklin Templeton. Both are actively managed. Over the past year, ENDW returned 23.92% vs 17.32% for FLSP. Their -0.00 correlation means they have often moved in opposite directions in the past. ENDW charges 0.29%/yr vs 0.65%/yr for FLSP.

Performance

ENDW vs. FLSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Endowment Style ETF (ENDW) and Franklin Liberty Systematic Style Premia ETF (FLSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENDW achieves a 11.70% return, which is significantly higher than FLSP's 5.20% return.

ENDW

• 1D: -0.02%
• 1M: 2.13%
• 6M: 7.33%
• YTD: 11.70%
• 1Y: 23.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.47%

FLSP

• 1D: 1.51%
• 1M: 3.43%
• 6M: 4.81%
• YTD: 5.20%
• 1Y: 17.32%
• 3Y*: 10.53%
• 5Y*: 8.25%
• 10Y*: —
• ALL TIME*: 4.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENDW Cambria Endowment Style ETF	$325.14K	$520.31K	$391.83K
FLSP Franklin Liberty Systematic Style Premia ETF	$2.89M	$2.48M	$2.72M

ENDW vs. FLSP - Yearly Performance Comparison

	2026 (YTD)	2025
ENDW Cambria Endowment Style ETF	11.70%	29.25%
FLSP Franklin Liberty Systematic Style Premia ETF	5.20%	17.77%

Correlation

The correlation between ENDW and FLSP is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025	-0.00

Return for Risk

ENDW vs. FLSP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ENDW

ENDW Risk / Return Rank: 88
ENDW Sharpe Ratio Rank: 89
ENDW Sortino Ratio Rank: 87
ENDW Omega Ratio Rank: 88
ENDW Calmar Ratio Rank: 88
ENDW Martin Ratio Rank: 89

FLSP

FLSP Risk / Return Rank: 88
FLSP Sharpe Ratio Rank: 86
FLSP Sortino Ratio Rank: 87
FLSP Omega Ratio Rank: 83
FLSP Calmar Ratio Rank: 93
FLSP Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ENDW vs. FLSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Endowment Style ETF (ENDW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ENDW	FLSP	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.03	+0.14
Sortino ratio: Return per unit of downside risk	2.95	2.93	+0.02
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.04
Calmar ratio: Return relative to maximum drawdown	3.54	4.48	-0.94
Martin ratio: Return relative to average drawdown	13.68	13.39	+0.29

ENDW vs. FLSP - Sharpe Ratio Comparison

The current ENDW Sharpe Ratio is 2.18, which is comparable to the FLSP Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of ENDW and FLSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENDW vs. FLSP - Drawdown Comparison

The maximum ENDW drawdown since its inception was -6.44%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for ENDW and FLSP.

Drawdown Indicators

	ENDW	FLSP	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-22.75%	+16.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-4.03%	-2.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.52%	—
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.86%	-6.16%	+5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.35%	+0.31%

Volatility

ENDW vs. FLSP - Volatility Comparison

The current volatility for Cambria Endowment Style ETF (ENDW) is 2.46%, while Franklin Liberty Systematic Style Premia ETF (FLSP) has a volatility of 2.98%. This indicates that ENDW experiences smaller price fluctuations and is considered to be less risky than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENDW	FLSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	2.98%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	6.55%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	10.48%	8.88%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	13.37%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.02%	13.42%	-2.40%

ENDW vs. FLSP - Expense Ratio Comparison

ENDW has a 0.29% expense ratio, which is lower than FLSP's 0.65% expense ratio.

Dividends

ENDW vs. FLSP - Dividend Comparison

ENDW's dividend yield for the trailing twelve months is around 2.44%, less than FLSP's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ENDW Cambria Endowment Style ETF	2.44%	1.91%	0.00%	0.00%	0.00%	0.00%	0.00%
FLSP Franklin Liberty Systematic Style Premia ETF	2.52%	2.65%	1.18%	1.19%	2.18%	1.19%	8.08%

Frequently Asked Questions

Can I hold both ENDW and FLSP in my portfolio?

ENDW and FLSP have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENDW or FLSP?

FLSP has higher volatility (2.98%) compared to ENDW (2.46%). In terms of maximum drawdown, ENDW dropped -6.44% vs FLSP's -22.75%.

Which ETF is better, ENDW or FLSP?

On 1-year performance, ENDW leads with 23.92% vs 17.32% for FLSP. On fees, ENDW is cheaper at 0.29% per year. On volatility, ENDW has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ENDW or FLSP?

Over the 1-year period, ENDW has performed better with a 23.92% return vs 17.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ENDW or FLSP?

ENDW is cheaper with a 0.29% expense ratio, compared with 0.65% for FLSP.

Which ETF pays a higher dividend yield, ENDW or FLSP?

FLSP has the higher dividend yield at 2.52%, compared with 2.44% for ENDW.

What is the main difference between ENDW and FLSP?

ENDW is categorized as Global Allocation, while FLSP is Long-Short. They also come from different issuers: Cambria and Franklin Templeton. Their fees differ too: 0.29% for ENDW and 0.65% for FLSP.

Which has better risk-adjusted returns?

ENDW currently has the higher Sharpe Ratio (2.18 vs 2.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.