FLQM vs. JPSE
Compare and contrast key facts about Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).
FLQM and JPSE 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. JPSE is a passively managed fund by JPMorgan Chase that tracks the performance of the JPMorgan Diversified Factor US Small Cap Equity Index. It was launched on Nov 15, 2016. Both FLQM and JPSE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLQM or JPSE.
Key characteristics
| FLQM | JPSE | |
|---|---|---|
| YTD Return | 21.48% | 17.75% |
| 1Y Return | 36.94% | 36.53% |
| 3Y Return (Ann) | 8.11% | 4.24% |
| 5Y Return (Ann) | 13.90% | 12.24% |
| Sharpe Ratio | 3.02 | 1.98 |
| Sortino Ratio | 4.31 | 2.88 |
| Omega Ratio | 1.53 | 1.36 |
| Calmar Ratio | 4.08 | 2.17 |
| Martin Ratio | 15.71 | 11.28 |
| Ulcer Index | 2.45% | 3.41% |
| Daily Std Dev | 12.74% | 19.40% |
| Max Drawdown | -37.26% | -43.02% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FLQM and JPSE is 0.81, 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. JPSE - Performance Comparison
In the year-to-date period, FLQM achieves a 21.48% return, which is significantly higher than JPSE's 17.75% return. 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. JPSE - Expense Ratio Comparison
FLQM has a 0.30% expense ratio, which is higher than JPSE's 0.29% expense ratio.
Risk-Adjusted Performance
FLQM vs. JPSE - 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 JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE). 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. JPSE - Dividend Comparison
FLQM's dividend yield for the trailing twelve months is around 1.21%, less than JPSE's 1.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | 1.58% | 1.76% | 1.55% | 1.24% | 1.32% | 1.23% | 1.18% | 0.74% | 0.14% |
Drawdowns
FLQM vs. JPSE - Drawdown Comparison
The maximum FLQM drawdown since its inception was -37.26%, smaller than the maximum JPSE drawdown of -43.02%. Use the drawdown chart below to compare losses from any high point for FLQM and JPSE. For additional features, visit the drawdowns tool.
Volatility
FLQM vs. JPSE - Volatility Comparison
The current volatility for Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) is 3.69%, while JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) has a volatility of 6.92%. This indicates that FLQM experiences smaller price fluctuations and is considered to be less risky than JPSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.