FLQM vs. FNX
Compare and contrast key facts about Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and First Trust Mid Cap Core AlphaDEX Fund (FNX).
FLQM and FNX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLQM is a passively managed fund by Franklin Templeton that tracks the performance of the LibertyQ U.S. Mid Cap Equity Index. It was launched on Apr 26, 2017. FNX is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Core Index. It was launched on May 8, 2007. Both FLQM and FNX 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
FLQM vs. FNX - Performance Comparison
Loading graphics...
FLQM vs. FNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | -2.14% | 5.16% | 14.32% | 17.47% | -12.95% | 28.76% | 15.50% | 28.56% | -4.24% | 10.32% |
FNX First Trust Mid Cap Core AlphaDEX Fund | 2.05% | 9.87% | 12.21% | 20.39% | -13.57% | 25.05% | 16.04% | 26.97% | -11.23% | 12.74% |
Returns By Period
In the year-to-date period, FLQM achieves a -2.14% return, which is significantly lower than FNX's 2.05% return.
FLQM
- 1D
- 1.55%
- 1M
- -5.77%
- YTD
- -2.14%
- 6M
- -1.93%
- 1Y
- 5.22%
- 3Y*
- 9.81%
- 5Y*
- 7.29%
- 10Y*
- —
FNX
- 1D
- 2.75%
- 1M
- -5.37%
- YTD
- 2.05%
- 6M
- 2.82%
- 1Y
- 18.78%
- 3Y*
- 13.81%
- 5Y*
- 7.40%
- 10Y*
- 11.15%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLQM vs. FNX - Expense Ratio Comparison
FLQM has a 0.30% expense ratio, which is lower than FNX's 0.60% expense ratio.
Return for Risk
FLQM vs. FNX — Risk / Return Rank
FLQM
FNX
FLQM vs. FNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and First Trust Mid Cap Core AlphaDEX Fund (FNX). 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.
| FLQM | FNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.89 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.56 | 1.36 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.19 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.34 | -0.87 |
Martin ratioReturn relative to average drawdown | 1.96 | 5.45 | -3.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FLQM | FNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.89 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.36 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.40 | +0.17 |
Correlation
The correlation between FLQM and FNX is 0.83, 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
FLQM vs. FNX - Dividend Comparison
FLQM's dividend yield for the trailing twelve months is around 1.56%, more than FNX's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 1.56% | 1.49% | 1.28% | 1.27% | 1.33% | 1.05% | 1.10% | 1.37% | 1.42% | 1.15% | 0.00% | 0.00% |
FNX First Trust Mid Cap Core AlphaDEX Fund | 0.91% | 0.88% | 1.26% | 1.11% | 1.19% | 0.94% | 1.04% | 1.21% | 1.01% | 0.90% | 1.07% | 1.07% |
Drawdowns
FLQM vs. FNX - Drawdown Comparison
The maximum FLQM drawdown since its inception was -37.26%, smaller than the maximum FNX drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for FLQM and FNX.
Loading graphics...
Drawdown Indicators
| FLQM | FNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.26% | -57.11% | +19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -14.59% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.51% | -24.97% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.95% | — |
Current DrawdownCurrent decline from peak | -6.06% | -6.67% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -8.47% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.60% | -0.48% |
Volatility
FLQM vs. FNX - Volatility Comparison
The current volatility for Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) is 3.73%, while First Trust Mid Cap Core AlphaDEX Fund (FNX) has a volatility of 6.19%. This indicates that FLQM experiences smaller price fluctuations and is considered to be less risky than FNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FLQM | FNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 6.19% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 12.22% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 21.23% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 20.52% | -4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 21.94% | -3.34% |