FLQS vs. SPY
Compare and contrast key facts about Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) and SPDR S&P 500 ETF (SPY).
FLQS and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FLQS and SPY 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: FLQS or SPY.
Performance
FLQS vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FLQS achieves a 15.37% return, which is significantly lower than SPY's 26.08% return.
FLQS
15.37%
6.57%
14.12%
27.84%
11.04%
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| FLQS | SPY | |
|---|---|---|
| Sharpe Ratio | 1.53 | 2.70 |
| Sortino Ratio | 2.28 | 3.60 |
| Omega Ratio | 1.27 | 1.50 |
| Calmar Ratio | 2.18 | 3.90 |
| Martin Ratio | 7.98 | 17.52 |
| Ulcer Index | 3.59% | 1.87% |
| Daily Std Dev | 18.67% | 12.14% |
| Max Drawdown | -42.16% | -55.19% |
| Current Drawdown | -2.28% | -0.85% |
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FLQS vs. SPY - Expense Ratio Comparison
FLQS has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between FLQS and SPY is 0.72, 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.
Risk-Adjusted Performance
FLQS vs. SPY - Risk-Adjusted Performance 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 500 ETF (SPY). 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
FLQS vs. SPY - Dividend Comparison
FLQS's dividend yield for the trailing twelve months is around 1.35%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF | 1.35% | 1.75% | 1.40% | 0.95% | 1.20% | 1.41% | 1.27% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FLQS vs. SPY - Drawdown Comparison
The maximum FLQS drawdown since its inception was -42.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLQS and SPY. For additional features, visit the drawdowns tool.
Volatility
FLQS vs. SPY - Volatility Comparison
Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) has a higher volatility of 7.45% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that FLQS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.