FLQM vs. FSMDX
Compare and contrast key facts about Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and Fidelity Mid Cap Index Fund (FSMDX).
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. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLQM or FSMDX.
Key characteristics
| FLQM | FSMDX | |
|---|---|---|
| YTD Return | 21.48% | 21.58% |
| 1Y Return | 36.94% | 38.67% |
| 3Y Return (Ann) | 8.11% | 4.07% |
| 5Y Return (Ann) | 13.90% | 10.89% |
| Sharpe Ratio | 3.02 | 2.98 |
| Sortino Ratio | 4.31 | 4.10 |
| Omega Ratio | 1.53 | 1.52 |
| Calmar Ratio | 4.08 | 2.10 |
| Martin Ratio | 15.71 | 17.54 |
| Ulcer Index | 2.45% | 2.30% |
| Daily Std Dev | 12.74% | 13.55% |
| Max Drawdown | -37.26% | -40.35% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FLQM and FSMDX is 0.87, 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.
Performance
FLQM vs. FSMDX - Performance Comparison
The year-to-date returns for both investments are quite close, with FLQM having a 21.48% return and FSMDX slightly higher at 21.58%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLQM vs. FSMDX - Expense Ratio Comparison
FLQM has a 0.30% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
FLQM vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and Fidelity Mid Cap Index Fund (FSMDX). 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.
Dividends
FLQM vs. FSMDX - Dividend Comparison
FLQM's dividend yield for the trailing twelve months is around 1.21%, more than FSMDX's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 1.21% | 1.27% | 1.33% | 1.05% | 1.09% | 1.36% | 1.45% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 0.94% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
Drawdowns
FLQM vs. FSMDX - Drawdown Comparison
The maximum FLQM drawdown since its inception was -37.26%, smaller than the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FLQM and FSMDX. For additional features, visit the drawdowns tool.
Volatility
FLQM vs. FSMDX - Volatility Comparison
The current volatility for Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) is 3.69%, while Fidelity Mid Cap Index Fund (FSMDX) has a volatility of 4.01%. This indicates that FLQM experiences smaller price fluctuations and is considered to be less risky than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.