FLQL vs. SPHQ
Compare and contrast key facts about Franklin LibertyQ U.S. Equity ETF (FLQL) and Invesco S&P 500 Quality ETF (SPHQ).
FLQL and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLQL is a passively managed fund by Franklin Templeton that tracks the performance of the LibertyQ U.S. Large Cap Equity Index. It was launched on Apr 26, 2017. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005. Both FLQL and SPHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLQL vs. SPHQ - Performance Comparison
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FLQL vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLQL Franklin LibertyQ U.S. Equity ETF | -2.22% | 19.64% | 24.33% | 23.58% | -14.83% | 26.58% | 10.67% | 29.09% | -2.79% | 15.04% |
SPHQ Invesco S&P 500 Quality ETF | 0.57% | 13.25% | 25.44% | 24.83% | -15.76% | 28.03% | 17.36% | 33.64% | -7.10% | 12.02% |
Returns By Period
In the year-to-date period, FLQL achieves a -2.22% return, which is significantly lower than SPHQ's 0.57% return.
FLQL
- 1D
- 3.25%
- 1M
- -4.91%
- YTD
- -2.22%
- 6M
- -0.56%
- 1Y
- 21.26%
- 3Y*
- 19.32%
- 5Y*
- 12.59%
- 10Y*
- —
SPHQ
- 1D
- 2.36%
- 1M
- -6.75%
- YTD
- 0.57%
- 6M
- 3.29%
- 1Y
- 14.73%
- 3Y*
- 18.19%
- 5Y*
- 12.50%
- 10Y*
- 13.53%
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FLQL vs. SPHQ - Expense Ratio Comparison
Both FLQL and SPHQ have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FLQL vs. SPHQ — Risk / Return Rank
FLQL
SPHQ
FLQL vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LibertyQ U.S. Equity ETF (FLQL) and Invesco S&P 500 Quality ETF (SPHQ). 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 | SPHQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.86 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.72 | 1.34 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.46 | +0.36 |
Martin ratioReturn relative to average drawdown | 8.82 | 6.45 | +2.37 |
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
| FLQL | SPHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.86 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.77 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.50 | +0.28 |
Correlation
The correlation between FLQL and SPHQ is 0.88, 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
FLQL vs. SPHQ - Dividend Comparison
FLQL's dividend yield for the trailing twelve months is around 1.16%, less than SPHQ's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQL Franklin LibertyQ U.S. Equity ETF | 1.16% | 1.10% | 1.13% | 1.50% | 2.07% | 1.81% | 1.99% | 1.78% | 1.82% | 1.22% | 0.00% | 0.00% |
SPHQ Invesco S&P 500 Quality ETF | 1.19% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Drawdowns
FLQL vs. SPHQ - Drawdown Comparison
The maximum FLQL drawdown since its inception was -33.64%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for FLQL and SPHQ.
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Drawdown Indicators
| FLQL | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.64% | -57.83% | +24.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -10.84% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -21.41% | -25.04% | +3.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.60% | — |
Current DrawdownCurrent decline from peak | -6.09% | -6.75% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -10.78% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.45% | +0.05% |
Volatility
FLQL vs. SPHQ - Volatility Comparison
Franklin LibertyQ U.S. Equity ETF (FLQL) has a higher volatility of 5.97% compared to Invesco S&P 500 Quality ETF (SPHQ) at 5.40%. This indicates that FLQL's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLQL | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 5.40% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 9.64% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.56% | 17.13% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 16.40% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 17.81% | -0.24% |