FLQS vs. PBW
Compare and contrast key facts about Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) and Invesco WilderHill Clean Energy ETF (PBW).
FLQS and PBW 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. PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005. Both FLQS and PBW 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. PBW - Performance Comparison
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FLQS vs. PBW - 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% |
PBW Invesco WilderHill Clean Energy ETF | 3.51% | 53.96% | -30.77% | -20.03% | -44.55% | -29.86% | 204.82% | 62.58% | -14.11% | 23.36% |
Returns By Period
In the year-to-date period, FLQS achieves a 0.17% return, which is significantly lower than PBW's 3.51% return.
FLQS
- 1D
- 0.88%
- 1M
- -4.93%
- YTD
- 0.17%
- 6M
- -0.73%
- 1Y
- 10.34%
- 3Y*
- 9.75%
- 5Y*
- 4.58%
- 10Y*
- —
PBW
- 1D
- 0.00%
- 1M
- -4.70%
- YTD
- 3.51%
- 6M
- 3.91%
- 1Y
- 100.93%
- 3Y*
- -6.15%
- 5Y*
- -18.62%
- 10Y*
- 6.57%
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FLQS vs. PBW - Expense Ratio Comparison
FLQS has a 0.35% expense ratio, which is lower than PBW's 0.61% expense ratio.
Return for Risk
FLQS vs. PBW — Risk / Return Rank
FLQS
PBW
FLQS vs. PBW - 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 Invesco WilderHill Clean Energy ETF (PBW). 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 | PBW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 2.37 | -1.83 |
Sortino ratioReturn per unit of downside risk | 0.91 | 2.88 | -1.97 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 4.83 | -3.95 |
Martin ratioReturn relative to average drawdown | 3.01 | 13.26 | -10.25 |
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 | PBW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 2.37 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.44 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | -0.07 | +0.42 |
Correlation
The correlation between FLQS and PBW is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FLQS vs. PBW - Dividend Comparison
FLQS's dividend yield for the trailing twelve months is around 1.44%, more than PBW's 0.86% 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% |
PBW Invesco WilderHill Clean Energy ETF | 0.86% | 0.79% | 2.84% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.04% | 1.28% | 2.68% | 1.53% |
Drawdowns
FLQS vs. PBW - Drawdown Comparison
The maximum FLQS drawdown since its inception was -42.16%, smaller than the maximum PBW drawdown of -89.02%. Use the drawdown chart below to compare losses from any high point for FLQS and PBW.
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Drawdown Indicators
| FLQS | PBW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -89.02% | +46.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -21.24% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -28.05% | -84.98% | +56.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.02% | — |
Current DrawdownCurrent decline from peak | -5.73% | -73.91% | +68.18% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -62.86% | +54.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 7.74% | -4.13% |
Volatility
FLQS vs. PBW - Volatility Comparison
The current volatility for Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) is 5.34%, while Invesco WilderHill Clean Energy ETF (PBW) has a volatility of 11.75%. This indicates that FLQS experiences smaller price fluctuations and is considered to be less risky than PBW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLQS | PBW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 11.75% | -6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 31.89% | -20.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 42.80% | -23.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 42.93% | -23.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 38.48% | -16.68% |