FLCO vs. QCON

Last updated Jun 6, 2026

FLCO (Franklin Liberty Investment Grade Corporate ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. Both are actively managed. FLCO charges 0.35%/yr vs 0.32%/yr for QCON.

Performance

FLCO vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty Investment Grade Corporate ETF (FLCO) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLCO

• 1D: -0.49%
• 1M: -0.43%
• YTD: 0.10%
• 6M: 0.29%
• 1Y: 4.90%
• 3Y*: 4.88%
• 5Y*: 0.11%
• 10Y*: —

QCON

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCO vs. QCON - Yearly Performance Comparison

	2026 (YTD)
FLCO Franklin Liberty Investment Grade Corporate ETF	-0.51%
QCON American Century Quality Convertible Securities ETF	0.00%

FLCO vs. QCON - Sectors Allocation Comparison

Sectors	FLCO	QCON
Financial Services	12.6%	7.9%
Healthcare	2.8%	-
Communication Services	2.4%	-
Industrials	2.1%	1.0%
Energy	1.7%	-
Technology	1.1%	-
Basic Materials	0.5%	-
Consumer Defensive	0.3%	-
Consumer Cyclical	0.0%	-
Real Estate	-	-
Utilities	-	1.5%

Return for Risk

FLCO vs. QCON — Risk / Return Rank

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

FLCO

FLCO Risk / Return Rank: 34
FLCO Sharpe Ratio Rank: 33
FLCO Sortino Ratio Rank: 33
FLCO Omega Ratio Rank: 31
FLCO Calmar Ratio Rank: 38
FLCO Martin Ratio Rank: 37

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.

FLCO vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Investment Grade Corporate ETF (FLCO) and American Century Quality Convertible Securities ETF (QCON). 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.

	FLCO	QCON	Difference
Sharpe ratio: Return per unit of total volatility	1.12	—	—
Sortino ratio: Return per unit of downside risk	1.64	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	5.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLCO	QCON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	—	—

Drawdowns

FLCO vs. QCON - Drawdown Comparison

The maximum FLCO drawdown since its inception was -22.71%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FLCO and QCON.

Drawdown Indicators

	FLCO	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	0.00%	-22.71%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.48%	—	—
Current Drawdown Current decline from peak	-2.66%	0.00%	-2.66%
Average Drawdown Average peak-to-trough decline	-5.88%	0.00%	-5.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	—	—

Volatility

Volatility by Period

	FLCO	QCON	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.41%	0.00%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.14%	0.00%	+7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.83%	0.00%	+6.83%

FLCO vs. QCON - Expense Ratio Comparison

FLCO has a 0.35% expense ratio, which is higher than QCON's 0.32% expense ratio.

Dividends

FLCO vs. QCON - Dividend Comparison

FLCO's dividend yield for the trailing twelve months is around 4.67%, while QCON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FLCO Franklin Liberty Investment Grade Corporate ETF	4.67%	4.60%	4.63%	3.83%	3.85%	2.85%	3.99%	3.39%	3.86%	3.33%	0.51%
QCON American Century Quality Convertible Securities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FLCO or QCON?

On fees, QCON is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLCO or QCON?

QCON is cheaper with a 0.32% expense ratio, compared with 0.35% for FLCO.

Which ETF pays a higher dividend yield, FLCO or QCON?

FLCO has the higher dividend yield at 4.67%, compared with 0.00% for QCON.

What is the main difference between FLCO and QCON?

They also come from different issuers: Franklin Templeton and American Century. Their fees differ too: 0.35% for FLCO and 0.32% for QCON.