FLQM vs. FSMD ETF Comparison

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

FLQM

Franklin LibertyQ U.S. Mid Cap Equity ETF

FLQM Description

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

Grade (RS Rating)

Last Trade

$57.92

Average Daily Volume

152,590

Number of Holdings ^*

200

* 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

$44.21

Average Daily Volume

86,530

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	FSMD
30 Days	3.80%	5.70%
60 Days	4.58%	6.58%
90 Days	4.77%	7.77%
12 Months	30.18%	33.81%

93 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in FSMD	Overlap
ACI	C	0.36%	0.19%	0.19%
ALLE	C	0.45%	0.26%	0.26%
ALLY	C	0.35%	0.22%	0.22%
ALSN	B	0.47%	0.25%	0.25%
AMG	B	0.25%	0.17%	0.17%
AN	C	0.2%	0.13%	0.13%
APPF	B	0.09%	0.16%	0.09%
AVT	C	0.12%	0.15%	0.12%
AWI	A	0.11%	0.18%	0.11%
AYI	B	0.17%	0.24%	0.17%
BJ	A	0.46%	0.25%	0.25%
BXP	C	0.37%	0.26%	0.26%
CACI	D	0.27%	0.27%	0.27%
CASY	A	0.52%	0.32%	0.32%
CHE	D	0.28%	0.21%	0.21%
CHH	A	0.16%	0.14%	0.14%
CHRD	D	0.16%	0.2%	0.16%
CHRW	B	0.47%	0.26%	0.26%
CIVI	D	0.1%	0.14%	0.1%
CNXC	F	0.03%	0.07%	0.03%
COKE	C	0.13%	0.16%	0.13%
COLM	C	0.11%	0.12%	0.11%
CPT	B	0.44%	0.28%	0.28%
CROX	D	0.19%	0.16%	0.16%
CRUS	D	0.17%	0.15%	0.15%
CUZ	B	0.08%	0.16%	0.08%
CW	C	0.46%	0.31%	0.31%
DCI	B	0.36%	0.21%	0.21%
DDS	B	0.03%	0.1%	0.03%
DINO	D	0.23%	0.18%	0.18%
DKS	D	0.48%	0.25%	0.25%
DLB	B	0.16%	0.14%	0.14%
DOX	D	0.35%	0.25%	0.25%
DTM	A	0.18%	0.28%	0.18%
DVA	C	0.22%	0.22%	0.22%
EHC	B	0.49%	0.25%	0.25%
ELS	C	0.42%	0.28%	0.28%
FLO	D	0.18%	0.13%	0.13%
G	B	0.29%	0.2%	0.2%
GGG	B	0.53%	0.3%	0.3%
GL	C	0.42%	0.23%	0.23%
HIW	C	0.14%	0.13%	0.13%
HRB	D	0.37%	0.21%	0.21%
INCY	C	0.61%	0.3%	0.3%
JNPR	D	0.42%	0.27%	0.27%
KNSL	B	0.34%	0.24%	0.24%
KRC	B	0.14%	0.15%	0.14%
LAMR	C	0.19%	0.26%	0.19%
LECO	C	0.46%	0.26%	0.26%
LII	A	0.84%	0.37%	0.37%
LOPE	C	0.15%	0.16%	0.15%
LSTR	D	0.23%	0.17%	0.17%
MANH	D	0.76%	0.36%	0.36%
MSM	C	0.17%	0.13%	0.13%
MTG	C	0.32%	0.18%	0.18%
MUSA	B	0.37%	0.23%	0.23%
NBIX	C	0.52%	0.27%	0.27%
NDSN	B	0.49%	0.28%	0.28%
NEU	D	0.11%	0.13%	0.11%
NFG	A	0.2%	0.18%	0.18%
NNN	C	0.28%	0.19%	0.19%
OGN	F	0.17%	0.12%	0.12%
OMF	A	0.2%	0.18%	0.18%
ORI	A	0.31%	0.23%	0.23%
PAG	B	0.11%	0.12%	0.11%
PLTK	B	0.02%	0.11%	0.02%
R	B	0.25%	0.19%	0.19%
RHI	C	0.3%	0.2%	0.2%
RL	C	0.34%	0.22%	0.22%
ROL	B	0.55%	0.29%	0.29%
RPM	A	0.61%	0.35%	0.35%
SEIC	B	0.37%	0.22%	0.22%
SIRI	C	0.03%	0.1%	0.03%
SKX	D	0.3%	0.2%	0.2%
SNA	A	0.76%	0.37%	0.37%
SOLV	D	0.16%	0.25%	0.16%
SON	F	0.18%	0.14%	0.14%
STAG	D	0.2%	0.17%	0.17%
THC	D	0.59%	0.34%	0.34%
TOL	B	0.39%	0.33%	0.33%
TPL	A	1.04%	0.57%	0.57%
TPR	B	0.6%	0.28%	0.28%
TPX	B	0.38%	0.23%	0.23%
TTC	C	0.3%	0.19%	0.19%
TXRH	B	0.51%	0.29%	0.29%
UHS	D	0.48%	0.27%	0.27%
UNM	A	0.48%	0.29%	0.29%
UTHR	C	0.62%	0.38%	0.38%
VNT	C	0.24%	0.18%	0.18%
WEN	D	0.06%	0.13%	0.06%
WING	D	0.29%	0.22%	0.22%
WSO	A	0.67%	0.33%	0.33%
WU	F	0.19%	0.12%	0.12%

FLQM Overweight 107 Positions Relative to FSMD

Symbol	Grade	Weight
FICO	B	1.62%
GRMN	B	1.17%
GWW	B	1.16%
FAST	B	1.14%
IT	C	1.14%
EA	A	1.13%
ODFL	C	1.12%
SYF	B	1.11%
DAL	B	1.1%
AVB	B	1.09%
ALL	A	1.09%
MSCI	C	1.09%
PAYX	B	1.08%
RMD	C	1.06%
HIG	B	1.05%
KR	B	1.02%
DHI	F	1.0%
DOV	A	1.0%
PHM	D	0.99%
LNG	A	0.96%
HPQ	B	0.94%
WAT	C	0.94%
HPE	B	0.93%
OTIS	C	0.93%
NTAP	C	0.91%
EBAY	D	0.91%
CINF	A	0.9%
DECK	A	0.89%
CHD	A	0.89%
GDDY	A	0.89%
TSCO	D	0.89%
YUM	D	0.89%
SYY	D	0.86%
AWK	C	0.86%
BAH	F	0.85%
BLDR	D	0.85%
BBY	D	0.85%
FANG	C	0.84%
CMI	A	0.84%
RF	A	0.83%
WSM	C	0.82%
NVR	D	0.79%
MTD	F	0.77%
CLX	A	0.77%
OMC	C	0.77%
IDXX	F	0.77%
STLD	B	0.76%
COR	B	0.75%
TROW	B	0.74%
CDW	F	0.73%
LYB	F	0.72%
DVN	F	0.72%
ULTA	F	0.7%
RS	B	0.7%
VRSK	A	0.69%
VRSN	C	0.67%
EXPD	C	0.67%
GPC	D	0.65%
AVY	F	0.62%
CF	A	0.61%
ACGL	C	0.61%
MAS	D	0.59%
EG	C	0.58%
VTRS	A	0.57%
GEN	B	0.57%
TER	F	0.54%
UAL	A	0.54%
HSY	F	0.52%
POOL	C	0.5%
FFIV	B	0.5%
VLTO	C	0.49%
OVV	B	0.46%
JBL	C	0.45%
SAIA	B	0.42%
RPRX	D	0.4%
PAYC	B	0.4%
EXPE	B	0.38%
LDOS	C	0.37%
K	A	0.37%
LKQ	F	0.36%
LW	C	0.35%
DG	F	0.3%
APA	D	0.28%
PB	B	0.27%
BBWI	C	0.26%
EGP	D	0.24%
WPC	C	0.23%
VFC	C	0.23%
AM	A	0.22%
JHG	B	0.21%
SEE	C	0.2%
BC	C	0.2%
FOXA	A	0.18%
WBA	F	0.17%
AGO	B	0.17%
M	F	0.17%
PII	F	0.14%
ACHC	F	0.13%
COLB	B	0.12%
MAN	F	0.11%
IVZ	B	0.11%
JWN	D	0.1%
CRI	F	0.08%
KSS	F	0.07%
GAP	C	0.07%
SNDR	B	0.06%
CNA	C	0.04%

FLQM Underweight 485 Positions Relative to FSMD

Symbol	Grade	Weight
EME	A	-0.46%
LYV	A	-0.42%
IBKR	A	-0.42%
NRG	B	-0.41%
NTNX	B	-0.38%
NTRA	A	-0.35%
GWRE	A	-0.35%
PNR	A	-0.34%
FIX	A	-0.34%
NWSA	A	-0.33%
DUOL	A	-0.33%
SFM	A	-0.33%
EWBC	A	-0.33%
OC	A	-0.32%
EQH	C	-0.32%
TW	A	-0.32%
RGA	A	-0.31%
L	A	-0.31%
ACM	B	-0.31%
RNR	C	-0.3%
PSTG	D	-0.3%
SF	B	-0.29%
FTI	A	-0.29%
DOCS	C	-0.28%
EXEL	B	-0.28%
SCI	B	-0.28%
SW	A	-0.28%
TTEK	F	-0.27%
ATR	B	-0.27%
EVR	B	-0.27%
REG	A	-0.27%
CLH	C	-0.27%
JLL	D	-0.27%
PRI	B	-0.26%
PCVX	D	-0.26%
BSY	F	-0.26%
WBS	A	-0.26%
BWXT	B	-0.26%
OWL	A	-0.26%
AMH	C	-0.26%
CIEN	C	-0.26%
FHN	A	-0.26%
NVT	B	-0.26%
AIZ	A	-0.26%
ITT	A	-0.26%
AAON	B	-0.25%
AIT	B	-0.25%
EXP	B	-0.25%
HLI	A	-0.25%
WAL	B	-0.25%
MLI	B	-0.25%
TAP	C	-0.25%
OGE	A	-0.24%
WWD	C	-0.24%
NYT	D	-0.24%
BLD	D	-0.24%
OHI	C	-0.24%
INGR	C	-0.24%
BRBR	A	-0.24%
CUBE	C	-0.24%
GMED	A	-0.24%
CMA	B	-0.24%
HLNE	B	-0.23%
PLNT	A	-0.23%
MORN	B	-0.23%
AFG	A	-0.23%
ZION	B	-0.23%
CNX	A	-0.23%
SRPT	F	-0.23%
SNV	C	-0.23%
MASI	B	-0.23%
FN	C	-0.23%
ERIE	D	-0.23%
JXN	C	-0.22%
ADMA	B	-0.22%
RGLD	C	-0.22%
ENSG	C	-0.22%
SNX	D	-0.22%
BRX	A	-0.22%
VOYA	B	-0.22%
CBSH	B	-0.22%
WH	B	-0.22%
CHDN	B	-0.22%
WTFC	A	-0.22%
HALO	F	-0.21%
QTWO	A	-0.21%
CORT	B	-0.21%
CR	A	-0.21%
GPK	C	-0.21%
MEDP	D	-0.21%
HSIC	C	-0.21%
EXLS	B	-0.21%
EWTX	C	-0.21%
ONTO	F	-0.21%
TFX	F	-0.21%
GKOS	B	-0.21%
AXTA	B	-0.21%
RBC	A	-0.21%
FRT	B	-0.21%
MTSI	B	-0.21%
ELAN	D	-0.2%
CRBG	B	-0.2%
MMSI	A	-0.2%
TMHC	C	-0.2%
CPB	D	-0.2%
FLS	B	-0.2%
STRL	A	-0.2%
SAIC	F	-0.2%
ESAB	C	-0.2%
REXR	F	-0.2%
RLI	A	-0.2%
MTCH	D	-0.2%
HRL	D	-0.2%
CVLT	B	-0.2%
ADC	A	-0.2%
BWA	D	-0.2%
RDNT	B	-0.2%
CMC	B	-0.19%
MHK	D	-0.19%
WMS	F	-0.19%
AXS	A	-0.19%
ANF	F	-0.19%
BMI	B	-0.19%
ACIW	B	-0.19%
ALV	C	-0.19%
KD	B	-0.19%
COOP	B	-0.19%
PRCT	B	-0.19%
AOS	F	-0.19%
RGEN	D	-0.19%
BERY	C	-0.19%
UFPI	C	-0.19%
ACLX	C	-0.19%
DBX	B	-0.19%
WMG	D	-0.18%
WFRD	D	-0.18%
SUM	B	-0.18%
OSK	C	-0.18%
OLED	F	-0.18%
ESTC	C	-0.18%
TREX	C	-0.18%
IDCC	B	-0.18%
HIMS	B	-0.18%
CBT	D	-0.18%
SN	D	-0.18%
FR	D	-0.18%
SIGI	C	-0.18%
POWL	C	-0.18%
MGY	A	-0.18%
PIPR	A	-0.18%
VMI	B	-0.18%
SSD	F	-0.18%
ALTR	B	-0.18%
CSWI	B	-0.18%
BPOP	C	-0.18%
GNTX	C	-0.18%
UMBF	B	-0.18%
THG	A	-0.18%
MTN	C	-0.18%
TDS	B	-0.18%
NXST	C	-0.17%
KTB	B	-0.17%
ITGR	B	-0.17%
MATX	C	-0.17%
FTDR	B	-0.17%
DORM	B	-0.17%
SLM	A	-0.17%
ESNT	F	-0.17%
LRN	A	-0.17%
FCN	F	-0.17%
AROC	A	-0.17%
PI	D	-0.17%
BPMC	B	-0.17%
GPI	B	-0.17%
QLYS	B	-0.17%
MTH	D	-0.17%
BFAM	D	-0.17%
HII	F	-0.17%
MOG.A	B	-0.17%
KNF	B	-0.17%
BYD	B	-0.17%
ESI	B	-0.17%
CEIX	A	-0.17%
NOVT	D	-0.17%
EPRT	B	-0.17%
SPSC	D	-0.17%
POST	C	-0.16%
IESC	C	-0.16%
TGNA	B	-0.16%
ABG	C	-0.16%
CNO	B	-0.16%
VVV	D	-0.16%
ZETA	D	-0.16%
ZD	B	-0.16%
HAE	C	-0.16%
AGX	B	-0.16%
PEGA	B	-0.16%
ALE	A	-0.16%
AX	B	-0.16%
ASB	B	-0.16%
PBH	A	-0.16%
PRIM	A	-0.16%
BGC	C	-0.16%
SKYW	C	-0.16%
OLLI	D	-0.16%
OZK	B	-0.16%
MSA	F	-0.16%
BKH	A	-0.16%
LNTH	D	-0.16%
BCPC	B	-0.16%
KBH	D	-0.16%
ZWS	B	-0.16%
ROAD	B	-0.16%
ARW	D	-0.16%
CNM	D	-0.16%
GEO	B	-0.16%
VRNS	D	-0.16%
UGI	C	-0.16%
ALKS	C	-0.16%
PLXS	B	-0.16%
MIR	A	-0.15%
SEM	B	-0.15%
FULT	A	-0.15%
NWE	B	-0.15%
IBOC	B	-0.15%
MMS	F	-0.15%
CVCO	A	-0.15%
AGCO	D	-0.15%
CRVL	B	-0.15%
VIRT	A	-0.15%
FHI	B	-0.15%
KRYS	C	-0.15%
ASGN	F	-0.15%
KAI	B	-0.15%
ACA	A	-0.15%
CALM	A	-0.15%
AXNX	A	-0.15%
DXC	B	-0.15%
GHC	B	-0.15%
EEFT	B	-0.15%
DY	D	-0.15%
TNL	A	-0.15%
TENB	C	-0.15%
CPRX	C	-0.15%
BRKR	D	-0.15%
WTS	B	-0.15%
PSN	D	-0.15%
PJT	A	-0.15%
BCC	B	-0.15%
SANM	B	-0.15%
SR	A	-0.15%
CTRE	C	-0.15%
CRNX	C	-0.15%
CATY	B	-0.15%
BTU	B	-0.15%
RDN	D	-0.15%
FBP	C	-0.14%
SLVM	B	-0.14%
PRGS	A	-0.14%
NHI	D	-0.14%
VCTR	B	-0.14%
APAM	B	-0.14%
SUPN	C	-0.14%
VCEL	B	-0.14%
YELP	C	-0.14%
USLM	A	-0.14%
MWA	B	-0.14%
ESGR	B	-0.14%
CXW	C	-0.14%
ENVA	B	-0.14%
WDFC	B	-0.14%
MHO	D	-0.14%
ATGE	B	-0.14%
SLGN	A	-0.14%
IBP	D	-0.14%
EXPO	D	-0.14%
IDT	B	-0.14%
SMLR	B	-0.14%
FSS	B	-0.14%
WKC	C	-0.13%
SXT	C	-0.13%
LGND	C	-0.13%
PLMR	A	-0.13%
HOG	D	-0.13%
HCC	B	-0.13%
NMIH	C	-0.13%
CBZ	B	-0.13%
OTTR	C	-0.13%
BNL	D	-0.13%
FUL	F	-0.13%
SKWD	A	-0.13%
ARCH	B	-0.13%
SHOO	F	-0.13%
TKR	D	-0.13%
PHIN	A	-0.13%
CASH	B	-0.13%
DEI	B	-0.13%
LMAT	A	-0.13%
NSIT	F	-0.13%
ASO	F	-0.13%
LANC	C	-0.13%
AVA	A	-0.13%
UE	B	-0.13%
RUSHA	C	-0.13%
KFY	B	-0.13%
GPOR	B	-0.13%
GTES	A	-0.13%
BFH	C	-0.13%
SNEX	B	-0.13%
AGR	A	-0.13%
TPH	D	-0.13%
GNW	A	-0.13%
FELE	B	-0.13%
IOSP	C	-0.12%
ASH	F	-0.12%
AEO	F	-0.12%
TPB	B	-0.12%
FORM	D	-0.12%
OSIS	A	-0.12%
CTS	C	-0.12%
ICFI	F	-0.12%
LBRT	D	-0.12%
PAHC	C	-0.12%
NSA	C	-0.12%
AMPH	F	-0.12%
ADUS	D	-0.12%
ENS	F	-0.12%
USM	B	-0.12%
PPC	C	-0.12%
CHCO	B	-0.12%
PBF	D	-0.12%
PLUS	F	-0.12%
BRC	D	-0.12%
AMRX	C	-0.12%
PATK	C	-0.12%
HMN	B	-0.12%
QCRH	B	-0.12%
AMED	F	-0.12%
BCO	F	-0.12%
EPAC	C	-0.12%
UFPT	C	-0.12%
WSBC	B	-0.12%
VSTO	A	-0.12%
MCY	A	-0.12%
PINC	B	-0.12%
WLK	D	-0.12%
HCKT	B	-0.11%
UVSP	B	-0.11%
PLAB	C	-0.11%
AMAL	B	-0.11%
LZB	B	-0.11%
AZZ	A	-0.11%
CPF	B	-0.11%
HNI	B	-0.11%
NHC	C	-0.11%
AMKR	D	-0.11%
APOG	C	-0.11%
GIII	D	-0.11%
GOLF	B	-0.11%
VRRM	F	-0.11%
PFBC	B	-0.11%
HCI	C	-0.11%
WABC	B	-0.11%
LTC	B	-0.11%
EQC	B	-0.11%
TWST	F	-0.11%
BKE	B	-0.11%
SHO	D	-0.11%
CTBI	B	-0.11%
EIG	B	-0.11%
HWKN	B	-0.11%
SBH	C	-0.11%
STRA	C	-0.11%
CXT	C	-0.11%
UNF	B	-0.11%
SPOK	B	-0.11%
OFG	B	-0.11%
ALRM	C	-0.11%
HUBG	A	-0.11%
ADTN	A	-0.11%
BHE	C	-0.11%
MGRC	B	-0.11%
MCB	B	-0.11%
MTX	B	-0.11%
ATEN	A	-0.11%
GNE	F	-0.1%
ASTH	F	-0.1%
TPC	C	-0.1%
CUBI	B	-0.1%
UTI	B	-0.1%
KURA	F	-0.1%
DEA	D	-0.1%
INSW	F	-0.1%
SCSC	C	-0.1%
UVE	B	-0.1%
ACT	C	-0.1%
ROCK	C	-0.1%
THFF	B	-0.1%
SPNT	B	-0.1%
USPH	B	-0.1%
LEVI	F	-0.1%
MDU	D	-0.1%
AAT	B	-0.1%
URBN	C	-0.1%
PDM	D	-0.1%
SRCE	B	-0.1%
HSTM	B	-0.1%
WINA	C	-0.1%
SXC	A	-0.1%
AMR	C	-0.1%
IBCP	B	-0.1%
MSBI	B	-0.1%
STNG	F	-0.1%
REX	D	-0.1%
UTL	B	-0.1%
MCRI	A	-0.1%
CSV	B	-0.1%
CRAI	C	-0.1%
PRDO	B	-0.1%
PEBO	B	-0.1%
INVA	D	-0.1%
XHR	B	-0.1%
ZYXI	D	-0.09%
CNXN	C	-0.09%
UTMD	F	-0.09%
MLR	C	-0.09%
PGRE	F	-0.09%
CWCO	C	-0.09%
INFA	D	-0.09%
KLG	B	-0.09%
CFB	B	-0.09%
SMP	C	-0.09%
FF	F	-0.09%
FIZZ	C	-0.09%
HSII	B	-0.09%
WSR	A	-0.09%
REYN	D	-0.09%
SCHL	F	-0.09%
ANIP	F	-0.09%
OLP	B	-0.09%
BBSI	B	-0.09%
CASS	C	-0.09%
UPBD	B	-0.09%
ALX	D	-0.08%
NVEC	B	-0.08%
LPG	F	-0.08%
VECO	F	-0.08%
AMCX	C	-0.08%
OSUR	F	-0.08%
IMKTA	C	-0.08%
TNC	D	-0.08%
ETD	C	-0.08%
SCS	C	-0.08%
STAA	F	-0.08%
COLL	F	-0.08%
VNDA	C	-0.08%
SSTK	F	-0.08%
EGY	D	-0.08%
SCVL	F	-0.08%
HCSG	C	-0.08%
VSH	F	-0.08%
ANDE	D	-0.08%
SIGA	F	-0.07%
CECO	B	-0.07%
BRY	F	-0.07%
NSSC	D	-0.07%
METC	C	-0.07%
EBF	F	-0.07%
JBSS	F	-0.07%
NPK	B	-0.07%
KRT	B	-0.07%
RMR	F	-0.07%
HE	C	-0.07%
SLP	D	-0.07%
KFRC	D	-0.07%
TRNS	D	-0.07%
IMMR	C	-0.06%
GIC	D	-0.06%
MRVI	F	-0.06%
ASC	F	-0.06%
PANL	F	-0.06%
AMN	F	-0.05%
KELYA	F	-0.05%
CLW	F	-0.04%
JBI	F	-0.04%