FLQM vs. VOE
Compare and contrast key facts about Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) and Vanguard Mid-Cap Value ETF (VOE).
FLQM and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both FLQM and VOE 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 VOE.
Key characteristics
| FLQM | VOE | |
|---|---|---|
| YTD Return | 20.50% | 20.06% |
| 1Y Return | 36.05% | 35.04% |
| 3Y Return (Ann) | 7.80% | 6.92% |
| 5Y Return (Ann) | 13.63% | 10.74% |
| Sharpe Ratio | 2.81 | 2.87 |
| Sortino Ratio | 4.03 | 4.04 |
| Omega Ratio | 1.49 | 1.51 |
| Calmar Ratio | 3.80 | 2.85 |
| Martin Ratio | 14.60 | 18.07 |
| Ulcer Index | 2.45% | 1.92% |
| Daily Std Dev | 12.75% | 12.07% |
| Max Drawdown | -37.26% | -61.55% |
| Current Drawdown | -0.81% | -0.82% |
Correlation
The correlation between FLQM and VOE 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.
Performance
FLQM vs. VOE - Performance Comparison
The year-to-date returns for both stocks are quite close, with FLQM having a 20.50% return and VOE slightly lower at 20.06%. 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. VOE - Expense Ratio Comparison
FLQM has a 0.30% expense ratio, which is higher than VOE's 0.07% expense ratio.
Risk-Adjusted Performance
FLQM vs. VOE - 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 Vanguard Mid-Cap Value ETF (VOE). 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. VOE - Dividend Comparison
FLQM's dividend yield for the trailing twelve months is around 1.22%, less than VOE's 2.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 1.22% | 1.27% | 1.33% | 1.05% | 1.09% | 1.36% | 1.45% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 2.06% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
FLQM vs. VOE - Drawdown Comparison
The maximum FLQM drawdown since its inception was -37.26%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for FLQM and VOE. For additional features, visit the drawdowns tool.
Volatility
FLQM vs. VOE - Volatility Comparison
Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) has a higher volatility of 3.81% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.51%. This indicates that FLQM's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.