FLCE vs. SPCT

Last updated Jul 17, 2026

FLCE (Frontier Asset U.S. Large Cap Equity ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. FLCE charges 0.90%/yr vs 0.85%/yr for SPCT.

Performance

FLCE vs. SPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier Asset U.S. Large Cap Equity ETF (FLCE) and Liberty One Spectrum ETF (SPCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCE achieves a 9.35% return, which is significantly lower than SPCT's 9.92% return.

FLCE

• 1D: -0.28%
• 1M: 0.58%
• 6M: 7.41%
• YTD: 9.35%
• 1Y: 18.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCT

• 1D: 0.99%
• 1M: 1.35%
• 6M: 7.01%
• YTD: 9.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCE vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
FLCE Frontier Asset U.S. Large Cap Equity ETF	9.35%	2.75%
SPCT Liberty One Spectrum ETF	9.92%	1.93%

Correlation

The correlation between FLCE and SPCT is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.52

Return for Risk

FLCE vs. SPCT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLCE

FLCE Risk / Return Rank: 58
FLCE Sharpe Ratio Rank: 58
FLCE Sortino Ratio Rank: 59
FLCE Omega Ratio Rank: 57
FLCE Calmar Ratio Rank: 52
FLCE Martin Ratio Rank: 65

SPCT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLCE vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset U.S. Large Cap Equity ETF (FLCE) and Liberty One Spectrum ETF (SPCT). 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.

	FLCE	SPCT	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.25	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.12	—	—
Martin ratio: Return relative to average drawdown	9.19	—	—

Drawdowns

FLCE vs. SPCT - Drawdown Comparison

The maximum FLCE drawdown since its inception was -17.52%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for FLCE and SPCT.

Drawdown Indicators

	FLCE	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-17.52%	-7.17%	-10.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	—	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-2.34%	-1.49%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	—	—

Volatility

Volatility by Period

	FLCE	SPCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	9.27%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	9.27%	+6.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	9.27%	+6.62%

FLCE vs. SPCT - Expense Ratio Comparison

FLCE has a 0.90% expense ratio, which is higher than SPCT's 0.85% expense ratio.

Dividends

FLCE vs. SPCT - Dividend Comparison

FLCE's dividend yield for the trailing twelve months is around 0.31%, less than SPCT's 0.73% yield.

Position	TTM	2025	2024
FLCE Frontier Asset U.S. Large Cap Equity ETF	0.31%	0.32%	0.01%
SPCT Liberty One Spectrum ETF	0.73%	0.16%	0.00%

Frequently Asked Questions

Can I hold both FLCE and SPCT in my portfolio?

FLCE and SPCT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLCE or SPCT?

On fees, SPCT is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLCE or SPCT?

SPCT is cheaper with a 0.85% expense ratio, compared with 0.90% for FLCE.

Which ETF pays a higher dividend yield, FLCE or SPCT?

SPCT has the higher dividend yield at 0.73%, compared with 0.31% for FLCE.

What is the main difference between FLCE and SPCT?

They also come from different issuers: Frontier and Liberty One. Their fees differ too: 0.90% for FLCE and 0.85% for SPCT.