MSII vs. FLSP

Last updated Jun 4, 2026

MSII (REX MSTR Growth & Income ETF) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both exchange-traded funds - MSII is a Leveraged Equities fund actively managed by REX, while FLSP is a Long-Short fund actively managed by Franklin Templeton. Both are actively managed. At a correlation of -0.05, they often move in opposite directions. MSII charges 0.99%/yr vs 0.65%/yr for FLSP.

Performance

MSII vs. FLSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) and Franklin Liberty Systematic Style Premia ETF (FLSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSII achieves a -21.10% return, which is significantly lower than FLSP's 1.26% return.

MSII

• 1D: -8.30%
• 1M: -32.66%
• YTD: -21.10%
• 6M: -34.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLSP

• 1D: 0.04%
• 1M: 1.15%
• YTD: 1.26%
• 6M: 3.45%
• 1Y: 14.67%
• 3Y*: 10.00%
• 5Y*: 7.70%
• 10Y*: —

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

MSII vs. FLSP - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-21.10%	-60.25%
FLSP Franklin Liberty Systematic Style Premia ETF	1.26%	13.01%

Correlation

The correlation between MSII and FLSP is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.05

Return for Risk

MSII vs. FLSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLSP

FLSP Risk / Return Rank: 53
FLSP Sharpe Ratio Rank: 45
FLSP Sortino Ratio Rank: 45
FLSP Omega Ratio Rank: 42
FLSP Calmar Ratio Rank: 72
FLSP Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSII vs. FLSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MSII	FLSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.97	0.30	-1.27

Drawdowns

MSII vs. FLSP - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for MSII and FLSP.

Drawdown Indicators

	MSII	FLSP	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-22.75%	-55.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.03%	—
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	-74.38%	-1.94%	-72.44%
Average Drawdown Average peak-to-trough decline	-46.16%	-6.30%	-39.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.39%	—

Volatility

Volatility by Period

	MSII	FLSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.20%	9.27%	+61.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.20%	13.37%	+57.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.20%	13.53%	+57.67%

MSII vs. FLSP - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is higher than FLSP's 0.65% expense ratio.

Dividends

MSII vs. FLSP - Dividend Comparison

MSII's dividend yield for the trailing twelve months is around 90.41%, more than FLSP's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLSP Franklin Liberty Systematic Style Premia ETF	2.62%	2.65%	1.18%	1.19%	2.18%	1.19%	8.08%
MSII REX MSTR Growth & Income ETF	90.41%	48.93%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSII and FLSP in my portfolio?

MSII and FLSP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSII or FLSP?

On fees, FLSP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSII or FLSP?

FLSP is cheaper with a 0.65% expense ratio, compared with 0.99% for MSII.

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

MSII has the higher dividend yield at 90.41%, compared with 2.62% for FLSP.

What is the main difference between MSII and FLSP?

MSII is categorized as Leveraged Equities, while FLSP is Long-Short. They also come from different issuers: REX and Franklin Templeton. Their fees differ too: 0.99% for MSII and 0.65% for FLSP.