FLQL vs. FMTM

Last updated Jun 24, 2026

FLQL (Franklin LibertyQ U.S. Equity ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - FLQL is a Large Cap Growth Equities fund tracking the LibertyQ U.S. Large Cap Equity Index, while FMTM is a Momentum fund. FLQL is passively managed, while FMTM is actively managed. Over the past year, FLQL returned 26.76% vs 61.05% for FMTM. A 0.76 correlation means they provide meaningful diversification when combined. FLQL charges 0.15%/yr vs 0.45%/yr for FMTM.

Performance

FLQL vs. FMTM - Performance Comparison

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

Returns By Period

In the year-to-date period, FLQL achieves a 11.18% return, which is significantly lower than FMTM's 30.53% return.

FLQL

• 1D: -1.38%
• 1M: -0.31%
• YTD: 11.18%
• 6M: 9.76%
• 1Y: 26.76%
• 3Y*: 22.29%
• 5Y*: 14.33%
• 10Y*: —

FMTM

• 1D: -3.43%
• 1M: 4.31%
• YTD: 30.53%
• 6M: 28.10%
• 1Y: 61.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLQL vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
FLQL Franklin LibertyQ U.S. Equity ETF	11.18%	22.67%
FMTM MarketDesk Focused U.S. Momentum ETF	30.53%	28.21%

Correlation

The correlation between FLQL and FMTM 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	0.81
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.76

The correlation between FLQL and FMTM has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

FLQL vs. FMTM — Risk / Return Rank

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

FLQL

FLQL Risk / Return Rank: 67
FLQL Sharpe Ratio Rank: 65
FLQL Sortino Ratio Rank: 64
FLQL Omega Ratio Rank: 65
FLQL Calmar Ratio Rank: 63
FLQL Martin Ratio Rank: 76

FMTM

FMTM Risk / Return Rank: 81
FMTM Sharpe Ratio Rank: 82
FMTM Sortino Ratio Rank: 72
FMTM Omega Ratio Rank: 74
FMTM Calmar Ratio Rank: 89
FMTM Martin Ratio Rank: 89

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. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin LibertyQ U.S. Equity ETF (FLQL) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	FLQL	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.53	-0.53
Sortino ratio: Return per unit of downside risk	2.79	3.09	-0.30
Omega ratio: Gain probability vs. loss probability	1.37	1.42	-0.05
Calmar ratio: Return relative to maximum drawdown	2.97	5.06	-2.09
Martin ratio: Return relative to average drawdown	13.71	19.29	-5.58

FLQL vs. FMTM - Sharpe Ratio Comparison

The current FLQL Sharpe Ratio is 2.00, which is comparable to the FMTM Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FLQL and FMTM, 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

FLQL vs. FMTM - Drawdown Comparison

The maximum FLQL drawdown since its inception was -33.64%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for FLQL and FMTM.

Drawdown Indicators

	FLQL	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-33.64%	-12.12%	-21.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	-12.12%	+3.07%
Max Drawdown (3Y) Largest decline over 3 years	-19.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.41%	—	—
Current Drawdown Current decline from peak	-2.01%	-3.43%	+1.42%
Average Drawdown Average peak-to-trough decline	-4.03%	-1.91%	-2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	3.17%	-1.21%

Volatility

FLQL vs. FMTM - Volatility Comparison

The current volatility for Franklin LibertyQ U.S. Equity ETF (FLQL) is 4.83%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 9.38%. This indicates that FLQL experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLQL	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	9.38%	-4.55%
Volatility (6M) Calculated over the trailing 6-month period	10.94%	19.05%	-8.11%
Volatility (1Y) Calculated over the trailing 1-year period	13.47%	24.27%	-10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	23.68%	-7.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	23.68%	-6.16%

FLQL vs. FMTM - Expense Ratio Comparison

FLQL has a 0.15% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

FLQL vs. FMTM - Dividend Comparison

FLQL's dividend yield for the trailing twelve months is around 1.02%, more than FMTM's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLQL Franklin LibertyQ U.S. Equity ETF	1.02%	1.10%	1.13%	1.50%	2.07%	1.81%	1.99%	1.78%	1.82%	1.22%
FMTM MarketDesk Focused U.S. Momentum ETF	0.23%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLQL and FMTM in my portfolio?

FLQL and FMTM 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 FMTM?

FMTM has higher volatility (9.38%) compared to FLQL (4.83%). In terms of maximum drawdown, FLQL dropped -33.64% vs FMTM's -12.12%.

Which ETF is better, FLQL or FMTM?

On 1-year performance, FMTM leads with 61.05% vs 26.76% for FLQL. On fees, FLQL is cheaper at 0.15% per year. On volatility, FLQL has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLQL or FMTM?

Over the 1-year period, FMTM has performed better with a 61.05% return vs 26.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLQL or FMTM?

FLQL is cheaper with a 0.15% expense ratio, compared with 0.45% for FMTM.

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

FLQL has the higher dividend yield at 1.02%, compared with 0.23% for FMTM.

What is the main difference between FLQL and FMTM?

FLQL is categorized as Large Cap Growth Equities, while FMTM is Momentum. Their fees differ too: 0.15% for FLQL and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.53 vs 2.00), 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.