USMF vs. FLQL

Last updated Aug 4, 2026

USMF (WisdomTree US Multifactor Fund) and FLQL (Franklin LibertyQ U.S. Equity ETF) are both exchange-traded funds - USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index, while FLQL is a Large Cap Growth Equities fund tracking the LibertyQ U.S. Large Cap Equity Index. Both are passively managed. Over the past 5 years, USMF returned 7.47%/yr vs 13.76%/yr for FLQL. Their correlation of 0.82 means they have usually moved in the same direction. USMF charges 0.28%/yr vs 0.15%/yr for FLQL.

Performance

USMF vs. FLQL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Multifactor Fund (USMF) and Franklin LibertyQ U.S. Equity ETF (FLQL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USMF achieves a 4.49% return, which is significantly lower than FLQL's 13.02% return.

USMF

• 1D: 0.48%
• 1M: 0.58%
• 6M: 3.78%
• YTD: 4.49%
• 1Y: 7.20%
• 3Y*: 12.30%
• 5Y*: 7.47%
• 10Y*: —
• ALL TIME*: 10.37%

FLQL

• 1D: 1.19%
• 1M: 1.31%
• 6M: 9.21%
• YTD: 13.02%
• 1Y: 24.07%
• 3Y*: 21.95%
• 5Y*: 13.76%
• 10Y*: —
• ALL TIME*: 14.75%

*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)
FLQL Franklin LibertyQ U.S. Equity ETF	$7.69M	$6.06M	$6.47M
USMF WisdomTree US Multifactor Fund	$1.09M	$1.05M	$1.76M

USMF vs. FLQL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USMF WisdomTree US Multifactor Fund	4.49%	4.60%	19.65%	13.47%	-8.82%	21.26%	12.01%	24.06%	-4.72%	11.27%
FLQL Franklin LibertyQ U.S. Equity ETF	13.02%	19.64%	24.33%	23.58%	-14.83%	26.58%	10.67%	29.09%	-2.79%	12.88%

Correlation

The correlation between USMF and FLQL is 0.68, 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.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017	0.82

The correlation between USMF and FLQL shifts across timeframes, from 0.68 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

USMF vs. FLQL - Sectors Allocation Comparison

Sectors	USMF	FLQL
Technology	35.6%	39.4%
Financial Services	11.4%	9.6%
Consumer Cyclical	10.4%	8.9%
Communication Services	10.3%	10.5%
Industrials	9.9%	9.0%
Healthcare	9.7%	10.2%
Consumer Defensive	4.5%	3.4%
Energy	2.7%	2.6%
Utilities	2.1%	2.0%
Real Estate	2.0%	2.7%
Basic Materials	1.4%	1.7%

Return for Risk

USMF vs. FLQL — Risk / Return Rank

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

USMF

USMF Risk / Return Rank: 29
USMF Sharpe Ratio Rank: 26
USMF Sortino Ratio Rank: 26
USMF Omega Ratio Rank: 24
USMF Calmar Ratio Rank: 33
USMF Martin Ratio Rank: 35

FLQL

FLQL Risk / Return Rank: 74
FLQL Sharpe Ratio Rank: 72
FLQL Sortino Ratio Rank: 73
FLQL Omega Ratio Rank: 71
FLQL Calmar Ratio Rank: 73
FLQL Martin Ratio Rank: 83

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.

USMF vs. FLQL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) and Franklin LibertyQ U.S. Equity ETF (FLQL). 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.

	USMF	FLQL	Difference
Sharpe ratio: Return per unit of total volatility	0.62	1.72	-1.10
Sortino ratio: Return per unit of downside risk	0.96	2.45	-1.49
Omega ratio: Gain probability vs. loss probability	1.11	1.31	-0.20
Calmar ratio: Return relative to maximum drawdown	1.12	2.67	-1.55
Martin ratio: Return relative to average drawdown	3.41	11.86	-8.45

USMF vs. FLQL - Sharpe Ratio Comparison

The current USMF Sharpe Ratio is 0.62, which is lower than the FLQL Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of USMF and FLQL, 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

USMF vs. FLQL - Drawdown Comparison

The maximum USMF drawdown since its inception was -36.24%, which is greater than FLQL's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for USMF and FLQL.

Drawdown Indicators

	USMF	FLQL	Difference
Max Drawdown Largest peak-to-trough decline	-36.24%	-33.64%	-2.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-9.05%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-15.39%	-19.32%	+3.93%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-21.41%	+3.31%
Current Drawdown Current decline from peak	-2.03%	-0.53%	-1.50%
Average Drawdown Average peak-to-trough decline	-4.12%	-4.00%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.03%	+0.09%

Volatility

USMF vs. FLQL - Volatility Comparison

The current volatility for WisdomTree US Multifactor Fund (USMF) is 3.77%, while Franklin LibertyQ U.S. Equity ETF (FLQL) has a volatility of 4.49%. This indicates that USMF experiences smaller price fluctuations and is considered to be less risky than FLQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USMF	FLQL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	4.49%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	11.45%	-2.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	14.09%	-2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	16.31%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	17.49%	-0.54%

USMF vs. FLQL - Expense Ratio Comparison

USMF has a 0.28% expense ratio, which is higher than FLQL's 0.15% expense ratio.

Dividends

USMF vs. FLQL - Dividend Comparison

USMF's dividend yield for the trailing twelve months is around 1.31%, more than FLQL's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLQL Franklin LibertyQ U.S. Equity ETF	1.02%	1.10%	1.13%	1.50%	2.07%	1.81%	1.99%	1.78%	1.82%	1.22%
USMF WisdomTree US Multifactor Fund	1.31%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both USMF and FLQL in my portfolio?

USMF and FLQL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USMF or FLQL?

FLQL has higher volatility (4.49%) compared to USMF (3.77%). In terms of maximum drawdown, USMF dropped -36.24% vs FLQL's -33.64%.

Which ETF is better, USMF or FLQL?

On 5-year performance, FLQL leads with 13.76% vs 7.47% for USMF. On fees, FLQL is cheaper at 0.15% per year. On volatility, USMF has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USMF or FLQL?

Over the 5-year period, FLQL has performed better with a 13.76% return vs 7.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USMF or FLQL?

FLQL is cheaper with a 0.15% expense ratio, compared with 0.28% for USMF.

Which ETF pays a higher dividend yield, USMF or FLQL?

USMF has the higher dividend yield at 1.31%, compared with 1.02% for FLQL.

What is the main difference between USMF and FLQL?

USMF is categorized as Mid Cap Blend Equities, while FLQL is Large Cap Growth Equities. USMF tracks WisdomTree US Multifactor Index, while FLQL tracks LibertyQ U.S. Large Cap Equity Index. They also come from different issuers: WisdomTree and Franklin Templeton. Their fees differ too: 0.28% for USMF and 0.15% for FLQL.

Which has better risk-adjusted returns?

FLQL currently has the higher Sharpe Ratio (1.72 vs 0.62), 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.