FLQS vs. SDD ETF Comparison

Comparison of Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) to ProShares UltraShort SmallCap600 (SDD)

FLQS

Franklin LibertyQ U.S. Small Cap Equity ETF

FLQS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Small Cap Equity Index (the U.S. Small Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Small Cap underlying index. The U.S. Small Cap underlying index is based on the Russell 2000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$45.16

Average Daily Volume

3,213

Number of Holdings ^*

463

* may have additional holdings in another (foreign) market

SDD

ProShares UltraShort SmallCap600

SDD Description

The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.35

Average Daily Volume

1,101

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLQS	SDD
30 Days	8.75%	-16.87%
60 Days	7.73%	-13.77%
90 Days	8.58%	-14.21%
12 Months	29.71%	-42.15%

32 Overlapping Holdings

Symbol	Grade	Weight in FLQS	Weight in SDD	Overlap
AAT	B	0.17%	0.29%	0.17%
AIT	A	1.3%	0.33%	0.33%
AMN	F	0.15%	0.4%	0.15%
AVA	A	0.38%	0.42%	0.38%
AWR	B	0.44%	0.41%	0.41%
CNMD	C	0.29%	0.4%	0.29%
CVBF	A	0.34%	0.37%	0.34%
CWT	D	0.39%	0.32%	0.32%
DORM	B	0.23%	0.29%	0.23%
ESE	B	0.48%	0.33%	0.33%
EXPO	D	0.71%	0.47%	0.47%
FELE	B	0.69%	0.3%	0.3%
HI	C	0.27%	0.31%	0.27%
IOSP	B	0.39%	0.33%	0.33%
JJSF	B	0.3%	0.36%	0.3%
KFY	B	0.64%	0.3%	0.3%
LCII	C	0.35%	0.35%	0.35%
MNRO	D	0.12%	0.32%	0.12%
MOG.A	B	0.74%	0.38%	0.38%
NMIH	D	0.4%	0.29%	0.29%
NSIT	F	0.56%	0.32%	0.32%
NWN	A	0.2%	0.28%	0.2%
PLXS	B	0.42%	0.29%	0.29%
PRGS	A	0.38%	0.28%	0.28%
QLYS	C	0.79%	0.36%	0.36%
SHOO	D	0.47%	0.42%	0.42%
STRA	C	0.31%	0.45%	0.31%
UFPI	B	0.99%	0.38%	0.38%
UNF	B	0.34%	0.41%	0.34%
WDFC	B	0.58%	0.34%	0.34%
WTS	B	0.8%	0.36%	0.36%
WWW	B	0.22%	0.35%	0.22%

FLQS Overweight 431 Positions Relative to SDD

Symbol	Grade	Weight
SFM	A	1.67%
MLI	C	1.32%
CVLT	B	1.2%
JXN	C	1.0%
BMI	B	0.9%
SPSC	C	0.87%
KTB	B	0.84%
CSWI	A	0.83%
CMC	B	0.83%
ESNT	D	0.8%
ANF	C	0.78%
RMBS	C	0.75%
BCC	B	0.73%
GPI	A	0.73%
MMSI	B	0.71%
IBP	D	0.69%
SWX	B	0.68%
ALKS	B	0.67%
MATX	C	0.66%
SIGI	C	0.65%
HOMB	A	0.65%
LRN	A	0.64%
KAI	A	0.63%
CORT	B	0.62%
BOX	B	0.62%
GMS	B	0.61%
CEIX	A	0.6%
MGY	A	0.59%
BCO	D	0.58%
SIG	B	0.58%
FTDR	A	0.57%
PNM	F	0.56%
PBH	A	0.56%
BDC	B	0.56%
SKT	B	0.55%
IDCC	A	0.55%
CALM	A	0.54%
CTRE	D	0.54%
CRC	B	0.54%
ASB	B	0.5%
MGEE	C	0.49%
RUSHA	C	0.48%
WK	B	0.47%
MWA	B	0.46%
BLKB	B	0.46%
LANC	C	0.45%
MHO	D	0.45%
TGNA	B	0.45%
TDS	B	0.45%
NOG	A	0.45%
ASO	F	0.45%
BXMT	C	0.44%
NWE	B	0.44%
HCC	B	0.44%
SR	A	0.43%
ATKR	C	0.42%
CRVL	A	0.42%
ATGE	B	0.42%
AEO	F	0.42%
SXT	B	0.42%
WERN	C	0.41%
GNW	A	0.41%
CAKE	C	0.4%
BNL	D	0.4%
GEO	B	0.4%
ACIW	B	0.39%
OTTR	C	0.39%
HNI	B	0.39%
EPRT	B	0.38%
VRNS	D	0.37%
HIMS	B	0.37%
IPAR	B	0.37%
BTU	B	0.37%
ARCH	B	0.37%
SLVM	B	0.36%
YELP	C	0.36%
ICFI	F	0.36%
IIPR	D	0.36%
NARI	C	0.36%
MGRC	B	0.36%
NSP	D	0.35%
GOLF	B	0.35%
PATK	D	0.35%
CARG	C	0.35%
FCPT	C	0.35%
FSS	B	0.35%
AROC	B	0.35%
PBF	D	0.34%
OSIS	B	0.33%
AMR	C	0.33%
TNET	D	0.33%
CPRX	C	0.32%
PSMT	C	0.31%
PRDO	B	0.31%
SXI	B	0.31%
STNG	F	0.3%
ENVA	B	0.3%
PLUS	F	0.3%
CNO	A	0.29%
NBTB	B	0.29%
PRIM	A	0.28%
VCTR	B	0.27%
ACAD	D	0.27%
REZI	A	0.27%
LMAT	A	0.27%
PDCO	D	0.27%
LZB	B	0.27%
ACLS	F	0.27%
ALG	B	0.26%
ENR	B	0.26%
EXTR	B	0.26%
UPBD	B	0.26%
MCY	A	0.25%
CSGS	B	0.25%
FL	F	0.24%
UFPT	B	0.24%
PJT	A	0.24%
SBH	C	0.24%
BKE	B	0.24%
IESC	B	0.24%
ROIC	A	0.24%
OPCH	D	0.24%
TNC	D	0.24%
GPOR	B	0.23%
MLKN	D	0.23%
NWBI	B	0.23%
HEES	B	0.23%
CENTA	C	0.23%
HWKN	B	0.23%
VSH	D	0.23%
GEF	A	0.23%
SJW	D	0.22%
NHC	C	0.22%
CHCO	B	0.22%
ATRC	C	0.21%
EPC	D	0.21%
CMPR	D	0.21%
PZZA	D	0.21%
HURN	B	0.2%
LTC	B	0.2%
CALX	D	0.2%
APAM	B	0.2%
KFRC	D	0.19%
UVV	B	0.19%
RVLV	B	0.19%
HELE	C	0.19%
DFIN	D	0.19%
ATEN	B	0.19%
BLMN	F	0.19%
INSW	F	0.19%
SONO	C	0.19%
CBRL	C	0.19%
GFF	A	0.19%
OXM	D	0.18%
NSSC	D	0.18%
WMK	C	0.18%
INMD	C	0.18%
APOG	B	0.18%
PRK	B	0.18%
MD	B	0.18%
VCEL	B	0.18%
HOPE	B	0.18%
SCS	C	0.17%
EPAC	B	0.17%
SFL	D	0.17%
NVEE	F	0.17%
GABC	B	0.17%
YOU	D	0.17%
NTCT	C	0.17%
FIZZ	C	0.17%
AGYS	A	0.17%
HLIT	D	0.16%
SRCE	B	0.16%
GIII	D	0.16%
MCRI	A	0.16%
CRAI	B	0.16%
IMKTA	C	0.15%
UNFI	A	0.15%
BBSI	B	0.15%
HSII	B	0.15%
ACT	D	0.15%
PDM	D	0.15%
DLX	B	0.15%
INVA	D	0.15%
CAL	D	0.15%
PEBO	A	0.15%
PFBC	B	0.14%
MDXG	B	0.14%
OCFC	B	0.14%
BRKL	B	0.14%
DXPE	B	0.13%
SYBT	B	0.13%
MRTN	C	0.13%
TMP	B	0.13%
SXC	A	0.13%
XPEL	C	0.13%
EMBC	C	0.13%
ODP	F	0.13%
SAH	A	0.13%
UTL	B	0.12%
CWH	B	0.12%
UPWK	B	0.12%
BLX	C	0.12%
CRGY	B	0.12%
PRO	C	0.11%
IDT	B	0.11%
CNXN	C	0.11%
ETD	C	0.11%
BHE	B	0.11%
GRC	A	0.11%
FWRD	D	0.11%
HCKT	B	0.11%
IMXI	B	0.11%
HRMY	D	0.11%
FIGS	F	0.1%
AESI	B	0.1%
TILE	B	0.1%
YEXT	A	0.1%
DHT	F	0.1%
MLR	B	0.1%
SSTK	F	0.1%
SPTN	D	0.1%
SPNS	F	0.1%
JBSS	D	0.1%
EGBN	B	0.1%
SMP	B	0.1%
REVG	B	0.1%
UTI	A	0.1%
JACK	D	0.1%
HTLD	B	0.09%
TRST	A	0.09%
RGR	F	0.09%
OSPN	A	0.09%
CMRE	C	0.09%
THR	B	0.09%
ELME	D	0.09%
ZIP	F	0.09%
WNC	C	0.09%
GOGL	F	0.09%
TRTX	B	0.08%
KREF	D	0.08%
SWBI	C	0.08%
LQDT	B	0.08%
SCVL	F	0.08%
MATW	C	0.08%
RYI	C	0.08%
SCHL	D	0.08%
EBF	F	0.08%
USNA	C	0.07%
VITL	D	0.07%
NRDS	C	0.07%
TPB	B	0.07%
WRLD	C	0.07%
NFBK	B	0.07%
PTLO	F	0.07%
CASS	B	0.07%
SMBC	B	0.07%
EGY	D	0.07%
YORW	D	0.07%
IRWD	F	0.07%
BBW	B	0.07%
CVI	F	0.07%
ACCO	C	0.07%
PAHC	C	0.07%
AORT	B	0.07%
MYE	F	0.06%
FFIC	B	0.06%
LOVE	B	0.06%
HVT	D	0.06%
CPF	A	0.06%
CYH	F	0.06%
PGRE	F	0.06%
LPG	F	0.06%
LILAK	D	0.06%
KELYA	F	0.06%
FOR	F	0.06%
HY	D	0.06%
ASC	F	0.06%
FC	F	0.06%
BDN	C	0.06%
FMNB	B	0.06%
CCSI	C	0.06%
GIC	D	0.06%
IRMD	C	0.06%
AXGN	D	0.06%
RUSHB	B	0.06%
LYTS	B	0.06%
NUS	D	0.06%
COLL	F	0.06%
UHT	D	0.06%
CHCT	C	0.06%
BMRC	B	0.05%
MCFT	B	0.05%
MOV	C	0.05%
HTBK	A	0.05%
BV	B	0.05%
NGVC	A	0.05%
ULH	B	0.05%
RMR	F	0.05%
GCO	B	0.05%
NVEC	C	0.05%
NPK	B	0.05%
LXFR	C	0.05%
VLGEA	B	0.05%
FBIZ	B	0.05%
TCMD	A	0.05%
OOMA	B	0.05%
CCRN	F	0.05%
MCW	B	0.05%
DJCO	B	0.05%
CENT	C	0.05%
LINC	B	0.05%
BASE	C	0.05%
FCBC	B	0.05%
GEF	A	0.05%
SRDX	B	0.05%
CFB	B	0.05%
ENFN	A	0.05%
SEMR	B	0.04%
RM	D	0.04%
PKST	D	0.04%
SB	F	0.04%
CMTG	F	0.04%
MITK	C	0.04%
METC	C	0.04%
AMCX	C	0.04%
HBCP	B	0.04%
ORGO	B	0.04%
VNDA	C	0.04%
SPOK	C	0.04%
GNTY	A	0.04%
TITN	C	0.04%
NAT	F	0.04%
ODC	C	0.04%
TMCI	D	0.04%
PLPC	B	0.04%
FLIC	B	0.04%
NECB	B	0.04%
REPX	A	0.04%
SIGA	F	0.04%
LGTY	D	0.04%
RGP	F	0.04%
PFIS	A	0.04%
NRC	F	0.04%
CDXC	B	0.03%
KRT	A	0.03%
YMAB	F	0.03%
FLWS	F	0.03%
TTSH	D	0.03%
KRNY	B	0.03%
OFLX	D	0.03%
PFMT	D	0.03%
MED	F	0.03%
ALX	D	0.03%
OLP	B	0.03%
TH	C	0.03%
IMMR	C	0.03%
CMPO	A	0.03%
LILA	D	0.03%
NATH	C	0.03%
EVER	F	0.03%
GCMG	B	0.03%
PBPB	C	0.03%
BWMN	C	0.03%
PKBK	A	0.03%
SMLR	B	0.03%
RMAX	C	0.03%
IBTA	C	0.03%
VPG	D	0.03%
WEYS	C	0.03%
RLGT	A	0.03%
GRNT	B	0.03%
GPMT	C	0.02%
NREF	A	0.02%
RMNI	C	0.02%
BTMD	C	0.02%
SGC	C	0.02%
III	C	0.02%
ESCA	C	0.02%
REFI	A	0.02%
SNBR	F	0.02%
FLXS	B	0.02%
MYPS	C	0.02%
RCKY	F	0.02%
APEI	B	0.02%
GWRS	B	0.02%
INFU	B	0.02%
AVNW	F	0.02%
RELL	B	0.02%
JYNT	C	0.02%
JOUT	D	0.02%
DXLG	F	0.02%
CHMG	B	0.02%
CZNC	B	0.02%
HOFT	C	0.02%
ESSA	B	0.02%
DBI	F	0.02%
ZYXI	D	0.02%
EPM	A	0.02%
IBEX	B	0.02%
CIO	D	0.02%
MG	D	0.02%
REAL	A	0.02%
NATR	C	0.02%
JAKK	C	0.02%
LCUT	F	0.01%
CURV	D	0.01%
MAPS	C	0.01%
FENC	D	0.01%
CIX	D	0.01%
NTIC	C	0.01%
PBYI	C	0.01%
METCB	D	0.01%
LWAY	D	0.01%
STKS	F	0.01%
HBIO	F	0.01%
NL	B	0.01%
QIPT	F	0.01%
SEVN	D	0.01%
CPSS	B	0.01%
VIRC	B	0.01%
CMT	D	0.01%
HBB	F	0.01%
MPX	B	0.01%
FORR	D	0.01%
BSVN	B	0.01%
EGAN	C	0.01%
VRA	F	0.01%
FSTR	B	0.01%
GAMB	A	0.01%
JILL	C	0.01%

FLQS Underweight 59 Positions Relative to SDD

Symbol	Grade	Weight
DAR	C	-0.61%
GBCI	B	-0.49%
BLD	D	-0.48%
JBT	B	-0.47%
NEOG	F	-0.47%
VIAV	B	-0.46%
OMCL	C	-0.46%
CBU	B	-0.46%
BCPC	B	-0.44%
NEO	C	-0.43%
SSD	D	-0.43%
SKYW	B	-0.42%
B	B	-0.41%
LAD	A	-0.41%
ONB	B	-0.4%
CCOI	B	-0.39%
ADC	B	-0.39%
POWI	D	-0.39%
ITRI	B	-0.39%
SFNC	B	-0.38%
BRC	D	-0.37%
PRLB	A	-0.37%
ITGR	B	-0.37%
AEIS	B	-0.36%
ABCB	B	-0.36%
CROX	D	-0.36%
INDB	B	-0.35%
WING	D	-0.35%
COLB	A	-0.35%
ABM	B	-0.34%
FOXF	F	-0.34%
LXP	D	-0.34%
SEM	B	-0.33%
IRDM	D	-0.33%
ARI	C	-0.33%
ROG	D	-0.32%
MEDP	D	-0.32%
GTLS	B	-0.32%
FUL	F	-0.32%
SAIA	B	-0.32%
LPSN	F	-0.32%
AIN	C	-0.31%
SANM	B	-0.31%
DIOD	D	-0.31%
EBS	C	-0.31%
IVR	F	-0.31%
EXLS	B	-0.31%
FN	D	-0.31%
PMT	D	-0.3%
SPXC	A	-0.3%
ALGT	B	-0.3%
MTH	D	-0.3%
ENSG	D	-0.3%
FFBC	A	-0.3%
ACA	A	-0.29%
XHR	B	-0.29%
KWR	C	-0.28%
FBP	B	-0.28%
AKR	B	-0.28%