FLQL vs. FSMD ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Fidelity Small-Mid Factor ETF (FSMD)

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$57.94

Average Daily Volume

47,429

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$41.25

Average Daily Volume

90,039

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	FSMD
30 Days	2.05%	2.34%
60 Days	4.76%	2.27%
90 Days	4.25%	9.84%
12 Months	34.98%	28.91%

64 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in FSMD	Overlap
ADC	C	0.1%	0.21%	0.1%
ALSN	B	0.1%	0.21%	0.1%
AVT	B	0.09%	0.16%	0.09%
AWI	B	0.1%	0.16%	0.1%
AXS	B	0.1%	0.19%	0.1%
AYI	B	0.1%	0.21%	0.1%
BJ	D	0.1%	0.25%	0.1%
CACI	B	0.1%	0.25%	0.1%
CASY	D	0.1%	0.3%	0.1%
CHE	C	0.1%	0.24%	0.1%
CHRW	B	0.1%	0.28%	0.1%
CIVI	F	0.09%	0.16%	0.09%
CLH	C	0.1%	0.27%	0.1%
COKE	C	0.09%	0.18%	0.09%
CROX	C	0.1%	0.23%	0.1%
CRUS	D	0.08%	0.19%	0.08%
CUZ	C	0.1%	0.16%	0.1%
CW	B	0.1%	0.28%	0.1%
DKS	D	0.11%	0.29%	0.11%
DTM	C	0.1%	0.24%	0.1%
DVA	B	0.11%	0.24%	0.11%
EHC	B	0.1%	0.25%	0.1%
EME	B	0.1%	0.42%	0.1%
EVR	B	0.11%	0.24%	0.11%
FIX	B	0.11%	0.31%	0.11%
G	C	0.1%	0.18%	0.1%
GPK	C	0.1%	0.22%	0.1%
HIW	C	0.1%	0.14%	0.1%
HRB	C	0.1%	0.24%	0.1%
INGR	B	0.1%	0.23%	0.1%
JNPR	A	0.1%	0.29%	0.1%
KRC	C	0.11%	0.15%	0.11%
LAMR	B	0.11%	0.28%	0.11%
LII	C	0.15%	0.4%	0.15%
LOPE	D	0.1%	0.15%	0.1%
MDU	B	0.1%	0.16%	0.1%
MEDP	F	0.1%	0.2%	0.1%
MTG	B	0.1%	0.2%	0.1%
MUSA	D	0.08%	0.23%	0.08%
NEU	D	0.1%	0.14%	0.1%
NFG	B	0.1%	0.19%	0.1%
NNN	B	0.1%	0.23%	0.1%
NRG	B	0.11%	0.43%	0.11%
OC	C	0.11%	0.31%	0.11%
OGN	D	0.09%	0.16%	0.09%
OHI	C	0.1%	0.26%	0.1%
PPC	D	0.09%	0.1%	0.09%
R	C	0.1%	0.18%	0.1%
RGA	C	0.11%	0.32%	0.11%
RGLD	C	0.1%	0.24%	0.1%
RL	B	0.11%	0.21%	0.11%
ROL	C	0.1%	0.31%	0.1%
SNX	C	0.09%	0.23%	0.09%
THC	C	0.13%	0.37%	0.13%
TNL	C	0.1%	0.14%	0.1%
TOL	A	0.13%	0.35%	0.13%
TPL	C	0.11%	0.4%	0.11%
TXRH	B	0.1%	0.28%	0.1%
UGI	B	0.1%	0.18%	0.1%
UHS	C	0.12%	0.34%	0.12%
UTHR	B	0.11%	0.36%	0.11%
WING	C	0.1%	0.3%	0.1%
WSO	C	0.12%	0.33%	0.12%
WU	C	0.1%	0.15%	0.1%

FLQL Overweight 146 Positions Relative to FSMD

Symbol	Grade	Weight
AAPL	C	7.04%
MSFT	C	6.21%
NVDA	C	5.84%
AMZN	C	2.84%
META	B	2.56%
GOOGL	D	1.9%
AVGO	C	1.89%
MA	B	1.69%
COST	C	1.68%
LLY	D	1.68%
JNJ	C	1.65%
WMT	B	1.63%
GOOG	D	1.62%
ABBV	B	1.56%
MRK	F	1.45%
IBM	B	1.41%
VZ	A	1.32%
CAT	B	1.29%
AMGN	D	1.26%
QCOM	D	1.25%
TXN	B	1.24%
ISRG	C	1.2%
AMAT	D	1.11%
JPM	D	1.07%
BRK.A	C	1.06%
T	B	1.01%
BKNG	B	1.0%
TJX	C	0.94%
VRTX	D	0.92%
SYK	C	0.88%
C	C	0.87%
TSLA	C	0.86%
KLAC	D	0.85%
REGN	D	0.82%
ANET	C	0.81%
ORCL	B	0.8%
BSX	B	0.78%
MO	C	0.77%
LRCX	D	0.75%
PM	C	0.66%
WM	D	0.64%
CI	C	0.62%
XOM	D	0.62%
TT	B	0.62%
HCA	B	0.59%
MCO	C	0.58%
APH	C	0.58%
CL	C	0.58%
CMG	D	0.57%
CB	B	0.57%
MSI	B	0.53%
RTX	B	0.51%
GS	B	0.51%
UNH	C	0.51%
TMUS	B	0.5%
PH	B	0.47%
DHI	C	0.44%
LMT	A	0.44%
SPG	B	0.44%
CTAS	C	0.44%
GD	C	0.42%
PCAR	D	0.4%
PSA	C	0.4%
ELV	D	0.38%
URI	B	0.37%
ADI	C	0.35%
LEN	B	0.33%
GWW	B	0.33%
GM	C	0.31%
HLT	B	0.31%
FAST	C	0.3%
SO	B	0.3%
RSG	D	0.3%
ACGL	B	0.3%
HPQ	C	0.28%
MCHP	D	0.27%
PHM	B	0.25%
CTSH	B	0.24%
AFL	A	0.23%
NVR	B	0.23%
CMI	B	0.23%
HWM	B	0.22%
PEG	B	0.22%
NTAP	D	0.22%
GRMN	D	0.21%
DECK	C	0.2%
FANG	F	0.2%
HPE	C	0.19%
APP	C	0.19%
IRM	C	0.19%
GLW	B	0.19%
HIG	B	0.19%
WSM	C	0.18%
LYB	D	0.18%
EBAY	B	0.18%
DELL	C	0.17%
O	B	0.17%
SPOT	C	0.17%
SYF	C	0.16%
WAB	B	0.16%
LDOS	A	0.16%
FICO	B	0.15%
STLD	C	0.15%
KMB	C	0.15%
CSL	B	0.15%
DAL	C	0.15%
TSCO	B	0.15%
RMD	C	0.14%
ETR	A	0.14%
MPWR	B	0.14%
BBY	A	0.13%
RCL	B	0.13%
MAS	B	0.13%
PKG	B	0.13%
CFG	D	0.12%
EXR	C	0.12%
DPZ	D	0.11%
TER	C	0.11%
VICI	C	0.11%
SCCO	C	0.11%
CF	B	0.11%
SWKS	F	0.11%
IP	C	0.11%
ESS	C	0.11%
AMCR	B	0.1%
LNC	C	0.1%
GLPI	C	0.1%
K	A	0.1%
PK	D	0.1%
SSNC	C	0.1%
OMC	B	0.1%
FOX	B	0.1%
LEN	B	0.1%
CRI	D	0.1%
FOXA	B	0.1%
JHG	B	0.1%
EPR	C	0.1%
EMN	B	0.1%
AVB	C	0.1%
KEX	C	0.1%
JEF	C	0.1%
APA	F	0.09%
GAP	F	0.09%
DVN	F	0.09%
M	F	0.09%
DGX	B	0.09%

FLQL Underweight 515 Positions Relative to FSMD

Symbol	Grade	Weight
MANH	B	-0.38%
LYV	A	-0.37%
NTNX	D	-0.35%
RPM	B	-0.34%
IBKR	B	-0.34%
GWRE	B	-0.34%
PNR	B	-0.34%
NTRA	C	-0.34%
TW	B	-0.33%
PSTG	F	-0.33%
DUOL	C	-0.32%
ERIE	B	-0.32%
RNR	B	-0.32%
GGG	C	-0.31%
CPT	C	-0.31%
NWSA	D	-0.31%
L	D	-0.31%
PCVX	C	-0.31%
SNA	B	-0.31%
EQH	C	-0.3%
NDSN	C	-0.3%
ACM	B	-0.3%
ELS	D	-0.3%
SW	B	-0.29%
FTI	D	-0.29%
CUBE	C	-0.29%
JLL	B	-0.29%
AMH	D	-0.29%
SCI	C	-0.28%
TTEK	C	-0.28%
BSY	C	-0.28%
ALLE	B	-0.28%
TFX	B	-0.28%
BLD	C	-0.28%
BXP	C	-0.28%
REG	C	-0.28%
REXR	C	-0.27%
TPR	A	-0.27%
SRPT	F	-0.27%
ITT	B	-0.27%
NBIX	F	-0.26%
MTCH	C	-0.26%
NVT	C	-0.26%
ONTO	C	-0.26%
AIZ	B	-0.26%
SOLV	D	-0.26%
EWBC	C	-0.26%
SFM	B	-0.26%
GL	D	-0.25%
SF	B	-0.25%
KNSL	D	-0.25%
DOX	C	-0.25%
UNM	B	-0.25%
CHK	C	-0.25%
INCY	C	-0.25%
NYT	B	-0.25%
ATR	B	-0.25%
ENSG	D	-0.24%
OGE	B	-0.24%
CPB	C	-0.24%
PRI	B	-0.24%
LECO	D	-0.24%
TPX	B	-0.24%
TAP	D	-0.24%
AOS	B	-0.24%
CIEN	B	-0.24%
WAL	B	-0.24%
EXP	B	-0.24%
WWD	C	-0.24%
FRT	C	-0.23%
BRX	C	-0.23%
OLED	D	-0.23%
SKX	C	-0.23%
HLI	C	-0.23%
ORI	B	-0.23%
HSIC	C	-0.23%
BFAM	C	-0.23%
WMS	D	-0.23%
AFG	C	-0.23%
HII	F	-0.23%
BWXT	A	-0.23%
OWL	B	-0.23%
FHN	D	-0.22%
MHK	B	-0.22%
DOCS	B	-0.22%
BRBR	B	-0.22%
GMED	D	-0.22%
LNTH	D	-0.22%
CMA	C	-0.22%
EXEL	C	-0.22%
MORN	C	-0.22%
HRL	F	-0.22%
FN	C	-0.22%
CHRD	F	-0.22%
CHDN	D	-0.22%
VOYA	B	-0.22%
ALLY	F	-0.22%
TMHC	B	-0.21%
HALO	D	-0.21%
BERY	B	-0.21%
MASI	C	-0.21%
ADMA	C	-0.21%
TTC	F	-0.21%
WBS	C	-0.21%
DCI	C	-0.21%
BWA	C	-0.21%
RBC	B	-0.21%
PLNT	C	-0.21%
AIT	B	-0.21%
CR	B	-0.2%
CBSH	D	-0.2%
ANF	D	-0.2%
MMSI	C	-0.2%
CNX	B	-0.2%
ARW	B	-0.2%
GNTX	D	-0.2%
STAG	D	-0.2%
GKOS	C	-0.2%
ESNT	B	-0.2%
SEIC	B	-0.2%
MTN	D	-0.2%
BPOP	C	-0.2%
SN	B	-0.2%
UFPI	C	-0.2%
PI	B	-0.2%
SSD	C	-0.2%
FCN	C	-0.2%
ELAN	D	-0.2%
MLI	B	-0.2%
DINO	F	-0.2%
HLNE	B	-0.2%
FR	C	-0.2%
AAON	B	-0.2%
MTH	C	-0.2%
AXTA	B	-0.2%
NOVT	D	-0.19%
OLLI	C	-0.19%
ZION	D	-0.19%
JXN	B	-0.19%
RLI	B	-0.19%
SAIC	C	-0.19%
SPSC	D	-0.19%
WH	B	-0.19%
VRNS	B	-0.19%
BMI	B	-0.19%
EPRT	B	-0.19%
WTFC	C	-0.19%
ACI	F	-0.19%
CRBG	C	-0.19%
CVLT	B	-0.19%
RGEN	F	-0.19%
BRKR	D	-0.19%
LSTR	D	-0.18%
IBP	C	-0.18%
SIGI	D	-0.18%
MGY	D	-0.18%
EXLS	B	-0.18%
THG	C	-0.18%
ALTR	C	-0.18%
WMG	D	-0.18%
NSIT	C	-0.18%
ALV	F	-0.18%
MTSI	C	-0.18%
COOP	C	-0.18%
RHI	D	-0.18%
KBH	C	-0.18%
FLS	C	-0.18%
CNM	F	-0.18%
WFRD	F	-0.18%
DBX	C	-0.18%
CBT	B	-0.18%
RDNT	B	-0.18%
SNV	D	-0.18%
BPMC	F	-0.17%
MOG.A	B	-0.17%
ESTC	F	-0.17%
RDN	D	-0.17%
CTRE	C	-0.17%
ITGR	C	-0.17%
ASO	D	-0.17%
DY	C	-0.17%
EXPO	B	-0.17%
QTWO	C	-0.17%
APPF	C	-0.17%
BKH	B	-0.17%
BCPC	C	-0.17%
GPI	B	-0.17%
OSK	F	-0.17%
PRCT	C	-0.17%
ESI	C	-0.17%
ESAB	C	-0.17%
KNF	C	-0.17%
NXST	D	-0.17%
AMG	C	-0.17%
CSWI	B	-0.17%
CMC	D	-0.17%
ACIW	B	-0.17%
TREX	F	-0.17%
ACLX	C	-0.17%
POST	B	-0.17%
MSA	D	-0.17%
ZETA	C	-0.17%
MATX	B	-0.16%
AROC	D	-0.16%
KTB	B	-0.16%
MHO	B	-0.16%
FSS	D	-0.16%
BCC	C	-0.16%
VNT	F	-0.16%
VMI	C	-0.16%
ALKS	D	-0.16%
MMS	B	-0.16%
WTS	C	-0.16%
CORT	B	-0.16%
BYD	C	-0.16%
NWE	A	-0.16%
STRL	C	-0.16%
SLM	C	-0.16%
ALE	A	-0.16%
UMBF	C	-0.16%
HOG	C	-0.16%
PIPR	B	-0.16%
SON	D	-0.16%
EWTX	C	-0.16%
KD	F	-0.16%
VVV	D	-0.16%
AGCO	D	-0.16%
OMF	D	-0.16%
SR	B	-0.16%
PLXS	B	-0.15%
FUL	D	-0.15%
CNO	C	-0.15%
BNL	B	-0.15%
SHOO	B	-0.15%
TDS	B	-0.15%
ESGR	D	-0.15%
PBH	C	-0.15%
QLYS	D	-0.15%
PSN	B	-0.15%
DORM	C	-0.15%
AN	C	-0.15%
CEIX	C	-0.15%
SUM	D	-0.15%
ABG	D	-0.15%
FLO	C	-0.15%
LRN	B	-0.15%
EEFT	F	-0.15%
ASGN	D	-0.15%
TPH	C	-0.15%
TKR	C	-0.15%
KRYS	D	-0.15%
DLB	D	-0.15%
TENB	F	-0.15%
FTDR	B	-0.15%
BCO	B	-0.15%
WLK	C	-0.15%
BTU	C	-0.15%
NHI	C	-0.15%
ZWS	B	-0.15%
AXNX	B	-0.15%
ADUS	C	-0.14%
CHH	B	-0.14%
PRGS	A	-0.14%
FELE	B	-0.14%
SANM	D	-0.14%
VRRM	D	-0.14%
TGNA	C	-0.14%
PJT	B	-0.14%
IDCC	B	-0.14%
SLVM	C	-0.14%
VIRT	C	-0.14%
ASH	F	-0.14%
LBRT	F	-0.14%
ZD	D	-0.14%
DXC	D	-0.14%
FBP	C	-0.14%
PEGA	B	-0.14%
AMED	D	-0.14%
SEM	D	-0.14%
CPRX	C	-0.14%
FHI	B	-0.14%
CRVL	B	-0.14%
PATK	C	-0.14%
AGR	C	-0.14%
CRNX	D	-0.14%
SLGN	B	-0.14%
CVCO	B	-0.14%
BGC	D	-0.14%
ACA	B	-0.14%
AEO	D	-0.14%
NMIH	C	-0.14%
AVA	B	-0.14%
NSA	C	-0.14%
STNG	D	-0.14%
OZK	F	-0.14%
SKYW	C	-0.13%
CALM	B	-0.13%
UFPT	D	-0.13%
AX	D	-0.13%
INSW	C	-0.13%
UE	C	-0.13%
ATGE	C	-0.13%
GPOR	C	-0.13%
MSM	D	-0.13%
COLM	C	-0.13%
BRC	B	-0.13%
PAG	D	-0.13%
ENS	C	-0.13%
IBOC	D	-0.13%
LANC	F	-0.13%
ASB	D	-0.13%
KFY	C	-0.13%
WEN	C	-0.13%
ROAD	C	-0.13%
PLMR	C	-0.13%
FORM	F	-0.13%
WDFC	C	-0.13%
PBF	F	-0.13%
LEVI	C	-0.13%
GNW	C	-0.13%
DEI	B	-0.13%
PLUS	B	-0.13%
YELP	D	-0.13%
CATY	C	-0.13%
FULT	D	-0.13%
KAI	C	-0.13%
ASTH	B	-0.13%
APAM	C	-0.13%
SXT	B	-0.13%
AMKR	F	-0.13%
OTTR	F	-0.13%
GHC	B	-0.13%
HAE	D	-0.13%
ENVA	C	-0.12%
VGR	C	-0.12%
CBZ	F	-0.12%
MIR	C	-0.12%
SUPN	D	-0.12%
IDT	C	-0.12%
EQC	D	-0.12%
VCEL	F	-0.12%
GTES	C	-0.12%
AMRX	C	-0.12%
CACC	F	-0.12%
VSTO	C	-0.12%
OSIS	C	-0.12%
OFG	C	-0.12%
RUSHA	C	-0.12%
TWST	D	-0.12%
POWL	B	-0.12%
SHO	C	-0.12%
HCC	D	-0.12%
SNEX	C	-0.12%
LMAT	B	-0.12%
SBH	B	-0.12%
PHIN	C	-0.12%
VCTR	B	-0.12%
TK	C	-0.12%
HIMS	D	-0.12%
PRIM	B	-0.12%
ICFI	C	-0.12%
MWA	B	-0.12%
AMPH	D	-0.12%
SQSP	B	-0.12%
BKE	B	-0.11%
DEA	D	-0.11%
GNE	F	-0.11%
SPOK	C	-0.11%
BHE	C	-0.11%
PLAB	D	-0.11%
SPNT	D	-0.11%
ALRM	F	-0.11%
WSBC	D	-0.11%
FF	D	-0.11%
AGX	B	-0.11%
ACT	C	-0.11%
HCI	C	-0.11%
LZB	C	-0.11%
KURA	D	-0.11%
CASH	D	-0.11%
AZZ	C	-0.11%
REYN	C	-0.11%
SCHL	D	-0.11%
LGND	D	-0.11%
XHR	B	-0.11%
CNXC	F	-0.11%
HMN	C	-0.11%
ARCH	D	-0.11%
PDM	C	-0.11%
CHCO	D	-0.11%
PAHC	C	-0.11%
STRA	F	-0.11%
UTL	C	-0.11%
LTC	C	-0.11%
NHC	D	-0.11%
HUBG	C	-0.11%
PINC	D	-0.11%
HWKN	B	-0.11%
GIII	D	-0.11%
EPAC	B	-0.11%
IESC	B	-0.11%
MGRC	D	-0.11%
MTX	D	-0.11%
SKWD	B	-0.11%
IOSP	F	-0.11%
USM	C	-0.11%
UNF	B	-0.11%
PLTK	C	-0.11%
ADTN	C	-0.11%
MCY	C	-0.11%
TNK	D	-0.11%
AMAL	D	-0.1%
MCB	C	-0.1%
ASC	D	-0.1%
PFBC	D	-0.1%
USPH	F	-0.1%
SCSC	D	-0.1%
UVSP	C	-0.1%
VSH	F	-0.1%
PRDO	D	-0.1%
SSTK	F	-0.1%
ROCK	D	-0.1%
INFA	D	-0.1%
WINA	C	-0.1%
WABC	D	-0.1%
DDS	D	-0.1%
USLM	B	-0.1%
ATEN	C	-0.1%
MCRI	B	-0.1%
LPG	F	-0.1%
AMR	D	-0.1%
QCRH	D	-0.1%
CTS	D	-0.1%
CPF	C	-0.1%
UVE	C	-0.1%
INVA	C	-0.1%
SCVL	C	-0.1%
URBN	F	-0.1%
COLL	C	-0.1%
EIG	C	-0.1%
AAT	C	-0.1%
GOLF	F	-0.1%
REX	D	-0.1%
HNI	C	-0.1%
ZYXI	F	-0.09%
CXW	F	-0.09%
OSUR	F	-0.09%
IMKTA	D	-0.09%
FIZZ	D	-0.09%
GEO	F	-0.09%
MRVI	D	-0.09%
ALX	B	-0.09%
MSBI	D	-0.09%
WSR	D	-0.09%
CASS	D	-0.09%
UTMD	F	-0.09%
PGRE	D	-0.09%
ETH	D	-0.09%
TPC	C	-0.09%
HCKT	C	-0.09%
CFB	D	-0.09%
THFF	D	-0.09%
TNC	D	-0.09%
CWCO	F	-0.09%
CSV	C	-0.09%
CRAI	C	-0.09%
EGY	D	-0.09%
APOG	B	-0.09%
ANIP	F	-0.09%
SMP	D	-0.09%
STAA	D	-0.09%
IBCP	D	-0.09%
TRNS	D	-0.09%
CNXN	B	-0.09%
KLG	D	-0.09%
ANDE	D	-0.09%
CTBI	D	-0.09%
PEBO	D	-0.09%
TPB	B	-0.09%
SRCE	D	-0.09%
OLP	C	-0.09%
HSTM	D	-0.09%
VECO	F	-0.09%
HSII	C	-0.08%
HE	F	-0.08%
KFRC	F	-0.08%
AMN	F	-0.08%
VNDA	F	-0.08%
CECO	C	-0.08%
HCSG	D	-0.08%
CUBI	F	-0.08%
NSSC	F	-0.08%
SCS	D	-0.08%
RMR	C	-0.08%
JBSS	F	-0.08%
UTI	D	-0.08%
NVEC	D	-0.08%
EBF	C	-0.08%
BRY	F	-0.08%
BBSI	C	-0.08%
SMLR	F	-0.07%
SIGA	F	-0.07%
METC	F	-0.07%
KELYA	D	-0.07%
MLR	D	-0.07%
SXC	F	-0.07%
AMCX	F	-0.07%
GIC	D	-0.07%
NPK	D	-0.07%
SLP	F	-0.07%
PANL	D	-0.07%
IMMR	D	-0.06%
KRT	F	-0.06%
JBI	F	-0.06%
CLW	F	-0.05%