FLQS vs. MDY
Compare and contrast key facts about Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) and SPDR S&P MidCap 400 ETF (MDY).
FLQS and MDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLQS is a passively managed fund by Franklin Templeton that tracks the performance of the LibertyQ U.S. Small Cap Equity Index. It was launched on Apr 26, 2017. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995. Both FLQS and MDY 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
FLQS vs. MDY - Performance Comparison
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FLQS vs. MDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF | 0.17% | 5.04% | 8.34% | 21.28% | -16.88% | 26.58% | 10.51% | 18.34% | -5.86% | 7.41% |
MDY SPDR S&P MidCap 400 ETF | 3.32% | 7.19% | 13.64% | 16.07% | -13.28% | 24.53% | 13.50% | 25.78% | -11.29% | 10.81% |
Returns By Period
In the year-to-date period, FLQS achieves a 0.17% return, which is significantly lower than MDY's 3.32% return.
FLQS
- 1D
- 0.88%
- 1M
- -4.93%
- YTD
- 0.17%
- 6M
- -0.73%
- 1Y
- 10.34%
- 3Y*
- 9.75%
- 5Y*
- 4.58%
- 10Y*
- —
MDY
- 1D
- 0.82%
- 1M
- -5.32%
- YTD
- 3.32%
- 6M
- 4.62%
- 1Y
- 17.32%
- 3Y*
- 12.06%
- 5Y*
- 6.51%
- 10Y*
- 10.34%
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FLQS vs. MDY - Expense Ratio Comparison
FLQS has a 0.35% expense ratio, which is higher than MDY's 0.23% expense ratio.
Return for Risk
FLQS vs. MDY — Risk / Return Rank
FLQS
MDY
FLQS vs. MDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) and SPDR S&P MidCap 400 ETF (MDY). 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.
| FLQS | MDY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.82 | -0.29 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.30 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.28 | -0.40 |
Martin ratioReturn relative to average drawdown | 3.01 | 5.46 | -2.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLQS | MDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.82 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.33 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.51 | -0.16 |
Correlation
The correlation between FLQS and MDY 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.
Dividends
FLQS vs. MDY - Dividend Comparison
FLQS's dividend yield for the trailing twelve months is around 1.44%, more than MDY's 1.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF | 1.44% | 1.16% | 1.29% | 1.75% | 1.40% | 0.95% | 1.20% | 1.41% | 1.27% | 1.02% | 0.00% | 0.00% |
MDY SPDR S&P MidCap 400 ETF | 1.15% | 1.15% | 1.18% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% |
Drawdowns
FLQS vs. MDY - Drawdown Comparison
The maximum FLQS drawdown since its inception was -42.16%, smaller than the maximum MDY drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for FLQS and MDY.
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Drawdown Indicators
| FLQS | MDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -55.33% | +13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -14.07% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -28.05% | -24.03% | -4.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.22% | — |
Current DrawdownCurrent decline from peak | -5.73% | -5.36% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -7.06% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.29% | +0.32% |
Volatility
FLQS vs. MDY - Volatility Comparison
The current volatility for Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) is 5.34%, while SPDR S&P MidCap 400 ETF (MDY) has a volatility of 6.42%. This indicates that FLQS experiences smaller price fluctuations and is considered to be less risky than MDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLQS | MDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 6.42% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 11.89% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 21.11% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 19.78% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 21.17% | +0.63% |