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FLQM vs. FZIPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FLQM and FZIPX is 0.90, 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.


-0.50.00.51.00.9

Performance

FLQM vs. FZIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and Fidelity ZERO Extended Market Index Fund (FZIPX). The values are adjusted to include any dividend payments, if applicable.

50.00%60.00%70.00%80.00%90.00%100.00%110.00%JulyAugustSeptemberOctoberNovemberDecember
93.74%
59.35%
FLQM
FZIPX

Key characteristics

Sharpe Ratio

FLQM:

1.21

FZIPX:

0.74

Sortino Ratio

FLQM:

1.77

FZIPX:

1.13

Omega Ratio

FLQM:

1.21

FZIPX:

1.14

Calmar Ratio

FLQM:

2.05

FZIPX:

1.07

Martin Ratio

FLQM:

5.94

FZIPX:

3.81

Ulcer Index

FLQM:

2.58%

FZIPX:

3.43%

Daily Std Dev

FLQM:

12.69%

FZIPX:

17.64%

Max Drawdown

FLQM:

-37.26%

FZIPX:

-42.71%

Current Drawdown

FLQM:

-7.48%

FZIPX:

-9.10%

Returns By Period

In the year-to-date period, FLQM achieves a 14.02% return, which is significantly higher than FZIPX's 10.94% return.


FLQM

YTD

14.02%

1M

-3.70%

6M

5.45%

1Y

14.35%

5Y*

11.69%

10Y*

N/A

FZIPX

YTD

10.94%

1M

-3.89%

6M

9.24%

1Y

11.30%

5Y*

8.75%

10Y*

N/A

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. FZIPX - Expense Ratio Comparison

FLQM has a 0.30% expense ratio, which is higher than FZIPX's 0.00% expense ratio.


FLQM
Franklin LibertyQ U.S. Mid Cap Equity ETF
Expense ratio chart for FLQM: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%
Expense ratio chart for FZIPX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

FLQM vs. FZIPX - 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 ZERO Extended Market Index Fund (FZIPX). 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.


Sharpe ratio
The chart of Sharpe ratio for FLQM, currently valued at 1.21, compared to the broader market0.002.004.001.210.74
The chart of Sortino ratio for FLQM, currently valued at 1.77, compared to the broader market-2.000.002.004.006.008.0010.001.771.13
The chart of Omega ratio for FLQM, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.001.211.14
The chart of Calmar ratio for FLQM, currently valued at 2.05, compared to the broader market0.005.0010.0015.002.051.07
The chart of Martin ratio for FLQM, currently valued at 5.94, compared to the broader market0.0020.0040.0060.0080.00100.005.943.81
FLQM
FZIPX

The current FLQM Sharpe Ratio is 1.21, which is higher than the FZIPX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of FLQM and FZIPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.21
0.74
FLQM
FZIPX

Dividends

FLQM vs. FZIPX - Dividend Comparison

FLQM's dividend yield for the trailing twelve months is around 0.84%, while FZIPX has not paid dividends to shareholders.


TTM2023202220212020201920182017
FLQM
Franklin LibertyQ U.S. Mid Cap Equity ETF
0.84%1.27%1.33%1.05%1.09%1.36%1.45%1.14%
FZIPX
Fidelity ZERO Extended Market Index Fund
0.00%1.43%1.64%1.23%1.24%1.26%0.50%0.00%

Drawdowns

FLQM vs. FZIPX - Drawdown Comparison

The maximum FLQM drawdown since its inception was -37.26%, smaller than the maximum FZIPX drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for FLQM and FZIPX. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.48%
-9.10%
FLQM
FZIPX

Volatility

FLQM vs. FZIPX - Volatility Comparison

The current volatility for Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) is 4.27%, while Fidelity ZERO Extended Market Index Fund (FZIPX) has a volatility of 5.83%. This indicates that FLQM experiences smaller price fluctuations and is considered to be less risky than FZIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
4.27%
5.83%
FLQM
FZIPX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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