FLLV vs. QLV
Compare and contrast key facts about Franklin Liberty U.S. Low Volatility ETF (FLLV) and FlexShares US Quality Low Volatility Index Fund (QLV).
FLLV and QLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLLV is an actively managed fund by Franklin Templeton. It was launched on Sep 20, 2016. QLV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Low Volatility Index. It was launched on Jul 15, 2019.
Performance
FLLV vs. QLV - Performance Comparison
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FLLV vs. QLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLLV Franklin Liberty U.S. Low Volatility ETF | 7.36% | 15.92% | 10.70% | 13.87% | -8.54% | 23.36% | 12.33% | 5.50% |
QLV FlexShares US Quality Low Volatility Index Fund | 0.10% | 12.28% | 18.08% | 13.71% | -9.97% | 26.08% | 9.63% | 6.24% |
Returns By Period
In the year-to-date period, FLLV achieves a 7.36% return, which is significantly higher than QLV's 0.10% return.
FLLV
- 1D
- 1.23%
- 1M
- -2.97%
- YTD
- 7.36%
- 6M
- 11.87%
- 1Y
- 21.14%
- 3Y*
- 15.33%
- 5Y*
- 11.11%
- 10Y*
- —
QLV
- 1D
- 1.54%
- 1M
- -3.92%
- YTD
- 0.10%
- 6M
- 0.74%
- 1Y
- 10.86%
- 3Y*
- 13.76%
- 5Y*
- 10.52%
- 10Y*
- —
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FLLV vs. QLV - Expense Ratio Comparison
FLLV has a 0.29% expense ratio, which is higher than QLV's 0.22% expense ratio.
Return for Risk
FLLV vs. QLV — Risk / Return Rank
FLLV
QLV
FLLV vs. QLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Low Volatility ETF (FLLV) and FlexShares US Quality Low Volatility Index Fund (QLV). 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.
| FLLV | QLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.86 | +0.69 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.31 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.19 | +0.79 |
Martin ratioReturn relative to average drawdown | 9.86 | 6.18 | +3.68 |
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
| FLLV | QLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.86 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.83 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.65 | +0.16 |
Correlation
The correlation between FLLV and QLV is 0.91, 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.
Dividends
FLLV vs. QLV - Dividend Comparison
FLLV's dividend yield for the trailing twelve months is around 4.80%, more than QLV's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLLV Franklin Liberty U.S. Low Volatility ETF | 4.80% | 4.71% | 3.25% | 1.75% | 1.68% | 1.41% | 1.40% | 1.31% | 1.55% | 1.44% | 0.50% |
QLV FlexShares US Quality Low Volatility Index Fund | 1.60% | 1.60% | 1.66% | 1.60% | 1.74% | 0.96% | 1.24% | 0.58% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLLV vs. QLV - Drawdown Comparison
The maximum FLLV drawdown since its inception was -33.95%, roughly equal to the maximum QLV drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for FLLV and QLV.
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Drawdown Indicators
| FLLV | QLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.95% | -33.71% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -9.75% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -17.93% | -0.47% |
Current DrawdownCurrent decline from peak | -2.97% | -4.29% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -4.08% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.88% | +0.35% |
Volatility
FLLV vs. QLV - Volatility Comparison
Franklin Liberty U.S. Low Volatility ETF (FLLV) and FlexShares US Quality Low Volatility Index Fund (QLV) have volatilities of 3.23% and 3.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLLV | QLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.18% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 5.81% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 12.74% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 12.73% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 16.75% | -0.95% |