FNGS vs. FLSP
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and Franklin Liberty Systematic Style Premia ETF (FLSP).
FNGS and FLSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGS is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Performance
FNGS vs. FLSP - Performance Comparison
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FNGS vs. FLSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | -10.61% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | -0.39% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.97% | 15.56% | 11.75% | 3.14% | 0.44% | 11.44% | -15.19% | 0.90% |
Returns By Period
In the year-to-date period, FNGS achieves a -10.61% return, which is significantly lower than FLSP's 1.97% return.
FNGS
- 1D
- 2.05%
- 1M
- -3.29%
- YTD
- -10.61%
- 6M
- -12.74%
- 1Y
- 20.77%
- 3Y*
- 31.31%
- 5Y*
- 16.15%
- 10Y*
- —
FLSP
- 1D
- 0.88%
- 1M
- -1.22%
- YTD
- 1.97%
- 6M
- 6.72%
- 1Y
- 14.34%
- 3Y*
- 10.71%
- 5Y*
- 8.68%
- 10Y*
- —
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FNGS vs. FLSP - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is lower than FLSP's 0.65% expense ratio.
Return for Risk
FNGS vs. FLSP — Risk / Return Rank
FNGS
FLSP
FNGS vs. FLSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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.
| FNGS | FLSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.17 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.65 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.22 | -1.25 |
Martin ratioReturn relative to average drawdown | 2.94 | 10.08 | -7.14 |
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
| FNGS | FLSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.17 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.65 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.32 | +0.59 |
Correlation
The correlation between FNGS and FLSP is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FNGS vs. FLSP - Dividend Comparison
FNGS has not paid dividends to shareholders, while FLSP's dividend yield for the trailing twelve months is around 2.60%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLSP Franklin Liberty Systematic Style Premia ETF | 2.60% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% |
Drawdowns
FNGS vs. FLSP - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for FNGS and FLSP.
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Drawdown Indicators
| FNGS | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -22.75% | -26.23% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -6.24% | -16.69% |
Max Drawdown (5Y)Largest decline over 5 years | -48.98% | -9.52% | -39.46% |
Current DrawdownCurrent decline from peak | -17.66% | -1.26% | -16.40% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -6.42% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.52% | 1.47% | +6.05% |
Volatility
FNGS vs. FLSP - Volatility Comparison
MicroSectors FANG+ ETN (FNGS) has a higher volatility of 8.61% compared to Franklin Liberty Systematic Style Premia ETF (FLSP) at 3.67%. This indicates that FNGS's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGS | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 3.67% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.82% | 7.17% | +8.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.04% | 12.35% | +14.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.98% | 13.42% | +16.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.34% | 13.67% | +17.67% |