IVOG vs. FLQS
IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) and FLQS (Franklin LibertyQ U.S. Small Cap Equity ETF) are both exchange-traded funds - IVOG is a Mid Cap Growth Equities fund tracking the S&P MidCap 400 Growth Index, while FLQS is a Small Cap Growth Equities fund tracking the LibertyQ U.S. Small Cap Equity Index. Both are passively managed. Over the past 5 years, IVOG returned 7.47%/yr vs 6.79%/yr for FLQS. Their correlation of 0.83 means they have usually moved in the same direction. IVOG charges 0.10%/yr vs 0.35%/yr for FLQS.
Performance
IVOG vs. FLQS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IVOG having a 15.87% return and FLQS slightly lower at 15.12%.
IVOG
- 1D
- -0.07%
- 1M
- -2.89%
- 6M
- 11.25%
- YTD
- 15.87%
- 1Y
- 22.81%
- 3Y*
- 13.84%
- 5Y*
- 7.47%
- 10Y*
- 10.91%
- ALL TIME*
- 12.22%
FLQS
- 1D
- -0.31%
- 1M
- 0.53%
- 6M
- 11.66%
- YTD
- 15.12%
- 1Y
- 23.66%
- 3Y*
- 11.90%
- 5Y*
- 6.79%
- 10Y*
- —
- ALL TIME*
- 8.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $106.78K | $111.39K | $163.90K | |
| $2.19M | $2.83M | $3.26M |
IVOG vs. FLQS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 15.87% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 22.60% | 26.13% | -10.58% | 11.26% |
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF | 15.12% | 5.04% | 8.34% | 21.28% | -16.88% | 26.58% | 10.51% | 18.34% | -5.86% | 7.41% |
Correlation
The correlation between IVOG and FLQS is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.83 |
The correlation between IVOG and FLQS shifts across timeframes, from 0.73 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IVOG vs. FLQS — Risk / Return Rank
IVOG
FLQS
IVOG vs. FLQS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) and Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS). 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.
| IVOG | FLQS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.47 | -0.26 |
| Martin ratioReturn relative to average drawdown | 7.98 | 7.42 | +0.56 |
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Drawdowns
IVOG vs. FLQS - Drawdown Comparison
The maximum IVOG drawdown since its inception was -39.32%, smaller than the maximum FLQS drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for IVOG and FLQS.
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Drawdown Indicators
| IVOG | FLQS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -42.16% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -9.00% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -25.61% | -23.12% | -2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -28.05% | -1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -39.32% | — | — |
Current DrawdownCurrent decline from peak | -4.80% | -1.28% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -7.88% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.99% | -0.32% |
Volatility
IVOG vs. FLQS - Volatility Comparison
Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) has a higher volatility of 4.23% compared to Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) at 3.37%. This indicates that IVOG's price experiences larger fluctuations and is considered to be riskier than FLQS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOG | FLQS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.37% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 10.25% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 15.05% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 19.14% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 21.55% | -0.94% |
IVOG vs. FLQS - Expense Ratio Comparison
IVOG has a 0.10% expense ratio, which is lower than FLQS's 0.35% expense ratio.
Dividends
IVOG vs. FLQS - Dividend Comparison
IVOG's dividend yield for the trailing twelve months is around 0.56%, less than FLQS's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF | 1.33% | 1.16% | 1.29% | 1.75% | 1.40% | 0.95% | 1.20% | 1.41% | 1.27% | 1.02% | 0.00% | 0.00% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.56% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
Frequently Asked Questions
IVOG and FLQS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOG has higher volatility (4.23%) compared to FLQS (3.37%). In terms of maximum drawdown, IVOG dropped -39.32% vs FLQS's -42.16%.
On 5-year performance, IVOG leads with 7.47% vs 6.79% for FLQS. On fees, IVOG is cheaper at 0.10% per year. On volatility, FLQS has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IVOG has performed better with a 7.47% return vs 6.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVOG is cheaper with a 0.10% expense ratio, compared with 0.35% for FLQS.
FLQS has the higher dividend yield at 1.33%, compared with 0.56% for IVOG.
IVOG is categorized as Mid Cap Growth Equities, while FLQS is Small Cap Growth Equities. IVOG tracks S&P MidCap 400 Growth Index, while FLQS tracks LibertyQ U.S. Small Cap Equity Index. They also come from different issuers: Vanguard and Franklin Templeton. Their fees differ too: 0.10% for IVOG and 0.35% for FLQS.
FLQS currently has the higher Sharpe Ratio (1.48 vs 1.20), 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.
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