FLQL vs. BIBL

Last updated Jun 4, 2026

FLQL (Franklin LibertyQ U.S. Equity ETF) and BIBL (Inspire 100 ETF) are both Large Cap Growth Equities funds - FLQL tracks the LibertyQ U.S. Large Cap Equity Index while BIBL tracks the Inspire 100 Index. Both are passively managed. Over the past 5 years, FLQL returned 14.70%/yr vs 10.11%/yr for BIBL. Their correlation of 0.87 suggests significant overlap in exposure. FLQL charges 0.15%/yr vs 0.35%/yr for BIBL.

Performance

FLQL vs. BIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin LibertyQ U.S. Equity ETF (FLQL) and Inspire 100 ETF (BIBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLQL achieves a 12.66% return, which is significantly lower than BIBL's 23.84% return.

FLQL

• 1D: -0.08%
• 1M: 5.00%
• YTD: 12.66%
• 6M: 12.54%
• 1Y: 29.48%
• 3Y*: 23.56%
• 5Y*: 14.70%
• 10Y*: —

BIBL

• 1D: 0.42%
• 1M: 5.68%
• YTD: 23.84%
• 6M: 22.77%
• 1Y: 40.34%
• 3Y*: 22.20%
• 5Y*: 10.11%
• 10Y*: —

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

FLQL vs. BIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLQL Franklin LibertyQ U.S. Equity ETF	12.66%	19.64%	24.33%	23.58%	-14.83%	26.58%	10.67%	29.09%	-2.79%	6.27%
BIBL Inspire 100 ETF	23.84%	17.27%	12.49%	17.87%	-23.26%	27.44%	22.62%	29.68%	-7.64%	4.38%

Correlation

The correlation between FLQL and BIBL is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 1, 2017	0.87

The correlation between FLQL and BIBL has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

FLQL vs. BIBL - Sectors Allocation Comparison

Sectors	FLQL	BIBL
Technology	34.3%	30.1%
Communication Services	12.2%	-
Consumer Cyclical	11.5%	0.3%
Healthcare	10.5%	4.3%
Industrials	10.0%	26.8%
Financial Services	9.9%	8.3%
Consumer Defensive	4.4%	0.5%
Real Estate	2.9%	14.7%
Basic Materials	1.7%	4.2%
Utilities	1.6%	3.5%
Energy	1.0%	6.9%

Return for Risk

FLQL vs. BIBL — Risk / Return Rank

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

FLQL

FLQL Risk / Return Rank: 71
FLQL Sharpe Ratio Rank: 69
FLQL Sortino Ratio Rank: 70
FLQL Omega Ratio Rank: 70
FLQL Calmar Ratio Rank: 65
FLQL Martin Ratio Rank: 79

BIBL

BIBL Risk / Return Rank: 81
BIBL Sharpe Ratio Rank: 80
BIBL Sortino Ratio Rank: 78
BIBL Omega Ratio Rank: 75
BIBL Calmar Ratio Rank: 84
BIBL Martin Ratio Rank: 88

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.

FLQL vs. BIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin LibertyQ U.S. Equity ETF (FLQL) and Inspire 100 ETF (BIBL). 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.

	FLQL	BIBL	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.62	-0.31
Sortino ratio: Return per unit of downside risk	3.24	3.53	-0.29
Omega ratio: Gain probability vs. loss probability	1.42	1.45	-0.03
Calmar ratio: Return relative to maximum drawdown	3.27	4.53	-1.26
Martin ratio: Return relative to average drawdown	15.42	19.63	-4.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLQL vs. BIBL - Sharpe Ratio Comparison

The current FLQL Sharpe Ratio is 2.31, which is comparable to the BIBL Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of FLQL and BIBL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLQL	BIBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.62	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.52	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.63	+0.23

Drawdowns

FLQL vs. BIBL - Drawdown Comparison

The maximum FLQL drawdown since its inception was -33.64%, smaller than the maximum BIBL drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for FLQL and BIBL.

Drawdown Indicators

	FLQL	BIBL	Difference
Max Drawdown Largest peak-to-trough decline	-33.64%	-36.12%	+2.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	-8.94%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-19.32%	-20.60%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.41%	-30.85%	+9.44%
Current Drawdown Current decline from peak	-0.08%	0.00%	-0.08%
Average Drawdown Average peak-to-trough decline	-4.04%	-7.04%	+3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.06%	-0.14%

Volatility

FLQL vs. BIBL - Volatility Comparison

The current volatility for Franklin LibertyQ U.S. Equity ETF (FLQL) is 3.19%, while Inspire 100 ETF (BIBL) has a volatility of 4.62%. This indicates that FLQL experiences smaller price fluctuations and is considered to be less risky than BIBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLQL	BIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	4.62%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	12.63%	-2.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	15.47%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	19.59%	-3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	21.08%	-3.58%

FLQL vs. BIBL - Expense Ratio Comparison

FLQL has a 0.15% expense ratio, which is lower than BIBL's 0.35% expense ratio.

Dividends

FLQL vs. BIBL - Dividend Comparison

FLQL's dividend yield for the trailing twelve months is around 1.01%, more than BIBL's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIBL Inspire 100 ETF	0.95%	1.01%	0.92%	1.02%	0.98%	17.87%	1.67%	1.30%	1.49%	0.31%
FLQL Franklin LibertyQ U.S. Equity ETF	1.01%	1.10%	1.13%	1.50%	2.07%	1.81%	1.99%	1.78%	1.82%	1.22%

Frequently Asked Questions

Can I hold both FLQL and BIBL in my portfolio?

FLQL and BIBL have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLQL or BIBL?

BIBL has higher volatility (4.62%) compared to FLQL (3.19%). In terms of maximum drawdown, FLQL dropped -33.64% vs BIBL's -36.12%.

Which ETF is better, FLQL or BIBL?

On 5-year performance, FLQL leads with 14.70% vs 10.11% for BIBL. On fees, FLQL is cheaper at 0.15% per year. On volatility, FLQL has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLQL or BIBL?

Over the 5-year period, FLQL has performed better with a 14.70% return vs 10.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLQL or BIBL?

FLQL is cheaper with a 0.15% expense ratio, compared with 0.35% for BIBL.

Which ETF pays a higher dividend yield, FLQL or BIBL?

FLQL has the higher dividend yield at 1.01%, compared with 0.95% for BIBL.

What is the main difference between FLQL and BIBL?

FLQL tracks LibertyQ U.S. Large Cap Equity Index, while BIBL tracks Inspire 100 Index. They also come from different issuers: Franklin Templeton and Inspire. Their fees differ too: 0.15% for FLQL and 0.35% for BIBL.

Which has better risk-adjusted returns?

BIBL currently has the higher Sharpe Ratio (2.62 vs 2.31), 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.