FLSP vs. WTIP

Last updated Aug 2, 2026

FLSP (Franklin Liberty Systematic Style Premia ETF) and WTIP (WisdomTree Inflation Plus Fund) are both Long-Short funds. Both are actively managed. Over the past year, FLSP returned 17.32% vs 22.59% for WTIP. Their 0.02 correlation means their historical movements had little consistent relationship. Both charge a 0.65% expense ratio.

Performance

FLSP vs. WTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty Systematic Style Premia ETF (FLSP) and WisdomTree Inflation Plus Fund (WTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLSP achieves a 5.20% return, which is significantly lower than WTIP's 8.23% return.

FLSP

• 1D: 1.51%
• 1M: 3.43%
• 6M: 4.81%
• YTD: 5.20%
• 1Y: 17.32%
• 3Y*: 10.53%
• 5Y*: 8.25%
• 10Y*: —
• ALL TIME*: 4.56%

WTIP

• 1D: -0.68%
• 1M: 2.64%
• 6M: 8.21%
• YTD: 8.23%
• 1Y: 22.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLSP Franklin Liberty Systematic Style Premia ETF	$2.89M	$2.48M	$2.72M
WTIP WisdomTree Inflation Plus Fund	$277.97K	$201.70K	$260.15K

FLSP vs. WTIP - Yearly Performance Comparison

	2026 (YTD)	2025
FLSP Franklin Liberty Systematic Style Premia ETF	5.20%	13.80%
WTIP WisdomTree Inflation Plus Fund	8.23%	13.49%

Correlation

The correlation between FLSP and WTIP is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.04
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.02

Return for Risk

FLSP vs. WTIP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLSP

FLSP Risk / Return Rank: 88
FLSP Sharpe Ratio Rank: 86
FLSP Sortino Ratio Rank: 87
FLSP Omega Ratio Rank: 83
FLSP Calmar Ratio Rank: 93
FLSP Martin Ratio Rank: 88

WTIP

WTIP Risk / Return Rank: 47
WTIP Sharpe Ratio Rank: 52
WTIP Sortino Ratio Rank: 46
WTIP Omega Ratio Rank: 61
WTIP Calmar Ratio Rank: 38
WTIP Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLSP vs. WTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Systematic Style Premia ETF (FLSP) and WisdomTree Inflation Plus Fund (WTIP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLSP	WTIP	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.27	+0.76
Sortino ratio: Return per unit of downside risk	2.93	1.67	+1.26
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	4.48	1.32	+3.15
Martin ratio: Return relative to average drawdown	13.39	3.83	+9.56

FLSP vs. WTIP - Sharpe Ratio Comparison

The current FLSP Sharpe Ratio is 2.03, which is higher than the WTIP Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of FLSP and WTIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLSP vs. WTIP - Drawdown Comparison

The maximum FLSP drawdown since its inception was -22.75%, which is greater than WTIP's maximum drawdown of -16.52%. Use the drawdown chart below to compare losses from any high point for FLSP and WTIP.

Drawdown Indicators

	FLSP	WTIP	Difference
Max Drawdown Largest peak-to-trough decline	-22.75%	-16.52%	-6.23%
Max Drawdown (1Y) Largest decline over 1 year	-4.03%	-16.52%	+12.49%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.52%	—	—
Current Drawdown Current decline from peak	0.00%	-13.25%	+13.25%
Average Drawdown Average peak-to-trough decline	-6.16%	-3.10%	-3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	5.70%	-4.35%

Volatility

FLSP vs. WTIP - Volatility Comparison

Franklin Liberty Systematic Style Premia ETF (FLSP) and WisdomTree Inflation Plus Fund (WTIP) have volatilities of 2.98% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLSP	WTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	2.96%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	6.55%	15.51%	-8.96%
Volatility (1Y) Calculated over the trailing 1-year period	8.88%	17.17%	-8.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	16.68%	-3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.42%	16.68%	-3.26%

FLSP vs. WTIP - Expense Ratio Comparison

Both FLSP and WTIP have an expense ratio of 0.65%.

Dividends

FLSP vs. WTIP - Dividend Comparison

FLSP's dividend yield for the trailing twelve months is around 2.52%, less than WTIP's 4.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLSP Franklin Liberty Systematic Style Premia ETF	2.52%	2.65%	1.18%	1.19%	2.18%	1.19%	8.08%
WTIP WisdomTree Inflation Plus Fund	4.12%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLSP and WTIP in my portfolio?

FLSP and WTIP have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLSP or WTIP?

FLSP has higher volatility (2.98%) compared to WTIP (2.96%). In terms of maximum drawdown, FLSP dropped -22.75% vs WTIP's -16.52%.

Which ETF is better, FLSP or WTIP?

On 1-year performance, WTIP leads with 22.59% vs 17.32% for FLSP. Both ETFs have the same 0.65% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLSP or WTIP?

Over the 1-year period, WTIP has performed better with a 22.59% return vs 17.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLSP or WTIP?

FLSP and WTIP have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, FLSP or WTIP?

WTIP has the higher dividend yield at 4.12%, compared with 2.52% for FLSP.

What is the main difference between FLSP and WTIP?

They also come from different issuers: Franklin Templeton and WisdomTree.

Which has better risk-adjusted returns?

FLSP currently has the higher Sharpe Ratio (2.03 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.