FLSP vs. IWP ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to iShares Russell Midcap Growth ETF (IWP)

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$134.36

Average Daily Volume

1,023,862

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	IWP
30 Days	0.69%	12.16%
60 Days	0.06%	14.69%
90 Days	0.73%	17.57%
12 Months	6.54%	40.60%

48 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in IWP	Overlap
AMP	A	0.22%	1.68%	0.22%
APP	B	0.31%	2.49%	0.31%
BLDR	D	0.1%	0.06%	0.06%
BR	A	0.12%	0.8%	0.12%
CAH	B	0.12%	0.56%	0.12%
COR	B	0.04%	1.3%	0.04%
CPAY	A	0.12%	0.81%	0.12%
CSL	C	0.11%	0.09%	0.09%
DECK	A	0.16%	0.87%	0.16%
DKS	C	0.07%	0.03%	0.03%
DOCU	A	0.1%	0.52%	0.1%
DPZ	C	0.08%	0.17%	0.08%
DT	C	0.08%	0.5%	0.08%
EQH	B	0.09%	0.41%	0.09%
EXPD	D	0.09%	0.09%	0.09%
EXPE	B	0.14%	0.75%	0.14%
FICO	B	0.34%	1.48%	0.34%
GDDY	A	0.15%	0.84%	0.15%
HPQ	B	0.2%	0.28%	0.2%
IDXX	F	0.14%	1.13%	0.14%
INCY	C	0.07%	0.02%	0.02%
IQV	D	0.17%	0.13%	0.13%
JBL	B	0.1%	0.04%	0.04%
LII	A	0.11%	0.64%	0.11%
LNG	B	0.29%	0.81%	0.29%
LVS	C	0.11%	0.55%	0.11%
LYV	A	0.12%	0.67%	0.12%
MANH	D	0.09%	0.54%	0.09%
MOH	F	0.1%	0.35%	0.1%
NBIX	C	0.08%	0.38%	0.08%
NRG	B	0.12%	0.26%	0.12%
NTAP	C	0.16%	0.35%	0.16%
PAYC	B	0.07%	0.23%	0.07%
PTC	A	0.1%	0.45%	0.1%
RCL	A	0.21%	0.62%	0.21%
ROL	B	0.09%	0.45%	0.09%
RPM	A	0.05%	0.13%	0.05%
SPG	B	0.35%	0.49%	0.35%
SYY	B	0.15%	0.76%	0.15%
TER	D	0.06%	0.48%	0.06%
TWLO	A	0.09%	0.11%	0.09%
TYL	B	0.13%	0.7%	0.13%
VEEV	C	0.12%	1.03%	0.12%
VRSN	F	0.1%	0.03%	0.03%
VST	B	0.29%	1.6%	0.29%
WAT	B	0.14%	0.42%	0.14%
WSM	B	0.11%	0.32%	0.11%
WYNN	D	0.05%	0.02%	0.02%

FLSP Overweight 135 Positions Relative to IWP

Symbol	Grade	Weight
ADBE	C	0.91%
BKNG	A	0.87%
QCOM	F	0.83%
MA	C	0.77%
WMT	A	0.75%
NOW	A	0.75%
TJX	A	0.75%
CRM	B	0.7%
INTU	C	0.68%
AMAT	F	0.66%
T	A	0.63%
NVDA	C	0.62%
GILD	C	0.61%
MDT	D	0.6%
ABBV	D	0.59%
BMY	B	0.59%
MSFT	F	0.57%
UBER	D	0.49%
VRTX	F	0.49%
NVS	D	0.48%
MSI	B	0.48%
PYPL	B	0.45%
META	D	0.45%
NFLX	A	0.45%
EOG	A	0.44%
CMCSA	B	0.42%
MMM	D	0.41%
ADSK	A	0.36%
HCA	F	0.36%
GM	B	0.36%
CL	D	0.36%
CTAS	B	0.35%
RTX	C	0.34%
TMO	F	0.34%
AFL	B	0.33%
REGN	F	0.33%
FTNT	C	0.32%
CDNS	B	0.32%
CSX	B	0.31%
BK	A	0.31%
HD	A	0.28%
MPC	D	0.27%
FDX	B	0.27%
FIS	C	0.26%
CMI	A	0.25%
VLO	C	0.25%
KR	B	0.24%
KMB	D	0.23%
PH	A	0.23%
A	D	0.23%
PSX	C	0.23%
EA	A	0.23%
BCS	C	0.23%
CI	F	0.22%
CPRT	A	0.22%
MET	A	0.21%
AIG	B	0.21%
CTSH	B	0.21%
SNPS	B	0.2%
VICI	C	0.19%
TGT	F	0.19%
HIG	B	0.19%
EBAY	D	0.18%
SE	B	0.18%
APH	A	0.18%
STT	A	0.17%
LULU	C	0.16%
ADM	D	0.16%
TROW	B	0.16%
IR	B	0.16%
MELI	D	0.16%
MS	A	0.15%
MTD	D	0.15%
ANSS	B	0.14%
PCAR	B	0.14%
NUE	C	0.14%
AWK	D	0.13%
CNC	D	0.13%
DVN	F	0.13%
LDOS	C	0.13%
AVB	B	0.13%
PG	A	0.13%
LIN	D	0.13%
CBOE	B	0.12%
K	A	0.12%
VTR	C	0.12%
NTRS	A	0.12%
BBY	D	0.11%
STX	D	0.11%
PKG	A	0.11%
HOLX	D	0.11%
STLD	B	0.11%
GOOG	C	0.11%
LYB	F	0.11%
PHM	D	0.11%
MRO	B	0.1%
EL	F	0.1%
MAS	D	0.1%
RS	B	0.1%
CF	B	0.1%
UTHR	C	0.1%
SNA	A	0.1%
FE	C	0.1%
ZM	B	0.1%
GEN	B	0.1%
UDR	B	0.09%
L	A	0.09%
VTRS	A	0.09%
SSNC	B	0.09%
TXT	D	0.09%
OC	A	0.09%
AVTR	F	0.08%
OVV	B	0.08%
CHRW	C	0.08%
FFIV	B	0.08%
REG	B	0.08%
SWKS	F	0.08%
FOXA	B	0.07%
TAP	C	0.07%
BG	F	0.07%
GLPI	C	0.07%
UHS	D	0.07%
ACI	C	0.06%
MKTX	D	0.06%
MTCH	D	0.06%
CHKP	D	0.06%
SEIC	B	0.06%
RPRX	D	0.06%
AIZ	A	0.06%
AER	B	0.05%
MGM	D	0.05%
MOS	F	0.05%
CRBG	B	0.05%
ON	D	0.04%
HII	D	0.04%

FLSP Underweight 238 Positions Relative to IWP

Symbol	Grade	Weight
PLTR	B	-4.32%
TTD	B	-1.7%
COIN	C	-1.65%
GWW	B	-1.45%
AXON	A	-1.41%
VRT	B	-1.41%
TRGP	B	-1.4%
ODFL	B	-1.38%
VRSK	A	-1.3%
IT	C	-1.29%
FAST	B	-1.29%
DDOG	A	-1.23%
HUBS	A	-1.08%
HLT	A	-1.02%
ARES	A	-1.0%
DXCM	D	-0.99%
TSCO	D	-0.97%
CPNG	D	-0.93%
MPWR	F	-0.88%
NET	B	-0.88%
HES	B	-0.86%
ALNY	D	-0.86%
MSCI	C	-0.86%
RBLX	C	-0.85%
TPL	A	-0.83%
LPLA	A	-0.76%
CLX	B	-0.68%
SQ	B	-0.64%
MDB	C	-0.64%
IRM	D	-0.62%
BAH	F	-0.62%
ZS	C	-0.6%
TOST	B	-0.59%
DKNG	B	-0.59%
PODD	C	-0.59%
BURL	A	-0.56%
XPO	B	-0.55%
HEI	B	-0.55%
PINS	D	-0.55%
PAYX	C	-0.54%
NTRA	B	-0.54%
FIX	A	-0.51%
ULTA	F	-0.49%
ENTG	D	-0.48%
PWR	A	-0.47%
YUM	B	-0.47%
WST	C	-0.45%
POOL	C	-0.44%
URI	B	-0.44%
TXRH	C	-0.43%
PSTG	D	-0.42%
HEI	B	-0.39%
CDW	F	-0.39%
BRO	B	-0.38%
DUOL	A	-0.37%
NCLH	B	-0.37%
OWL	A	-0.37%
VLTO	D	-0.37%
CAVA	B	-0.35%
ROST	C	-0.35%
DRI	B	-0.34%
KNSL	B	-0.33%
CHDN	B	-0.32%
MUSA	A	-0.32%
ALGN	D	-0.32%
SRPT	D	-0.31%
VMC	B	-0.31%
TPX	B	-0.3%
CVNA	B	-0.3%
AAON	B	-0.3%
EME	C	-0.3%
SMCI	F	-0.3%
WING	D	-0.3%
RMD	C	-0.3%
PEN	B	-0.29%
MORN	B	-0.29%
ITCI	C	-0.28%
PCTY	B	-0.28%
EXEL	B	-0.27%
LNW	D	-0.27%
ENPH	F	-0.26%
MEDP	D	-0.26%
SAIA	B	-0.26%
ALL	A	-0.26%
DVA	B	-0.26%
HAS	D	-0.25%
EXP	A	-0.25%
RYAN	B	-0.24%
PCOR	B	-0.24%
TREX	C	-0.24%
SMAR	A	-0.24%
ESTC	C	-0.23%
GTLB	B	-0.23%
GWRE	A	-0.23%
CFLT	B	-0.22%
GLOB	B	-0.21%
ELF	C	-0.21%
FDS	B	-0.21%
BSY	D	-0.21%
AVY	D	-0.2%
FWONK	B	-0.2%
EFX	F	-0.2%
LSCC	D	-0.19%
WFRD	D	-0.19%
TW	A	-0.19%
FOUR	B	-0.19%
VVV	F	-0.18%
MTN	C	-0.18%
LAZ	B	-0.18%
INSP	D	-0.17%
MKL	A	-0.17%
VKTX	F	-0.17%
APPF	B	-0.17%
OKTA	C	-0.17%
GNRC	B	-0.17%
CNM	D	-0.17%
NTNX	A	-0.16%
IONS	F	-0.16%
LPX	B	-0.16%
PLNT	A	-0.15%
LYFT	C	-0.15%
CELH	F	-0.15%
AZEK	A	-0.15%
PATH	C	-0.15%
ZBRA	B	-0.14%
AJG	B	-0.14%
JLL	D	-0.13%
OLED	D	-0.13%
PEGA	A	-0.13%
FND	C	-0.13%
RARE	D	-0.13%
BRKR	D	-0.12%
EXAS	D	-0.12%
MASI	A	-0.12%
JEF	A	-0.12%
HCP	B	-0.12%
FIVE	F	-0.12%
ETSY	D	-0.12%
MSTR	C	-0.11%
HSY	F	-0.11%
CHH	A	-0.11%
GEHC	F	-0.11%
WMS	D	-0.11%
LW	C	-0.11%
RNG	B	-0.1%
ROK	B	-0.1%
LECO	B	-0.1%
EG	C	-0.09%
UHAL	D	-0.09%
FERG	B	-0.09%
APLS	D	-0.09%
HWM	A	-0.09%
LAMR	D	-0.09%
FIVN	C	-0.09%
TDC	D	-0.09%
U	C	-0.08%
SITE	D	-0.08%
BWXT	B	-0.08%
TTEK	F	-0.08%
LBRDK	C	-0.08%
CASY	A	-0.08%
ONTO	D	-0.07%
MLM	B	-0.07%
BROS	B	-0.07%
NCNO	B	-0.07%
CE	F	-0.07%
PR	B	-0.07%
BILL	A	-0.07%
CACC	D	-0.07%
FRPT	B	-0.07%
AWI	A	-0.07%
SOFI	A	-0.07%
CLF	F	-0.06%
PFGC	B	-0.06%
WSC	D	-0.06%
AM	A	-0.06%
DBX	B	-0.06%
NXST	C	-0.06%
CIVI	D	-0.05%
VNOM	A	-0.05%
LOPE	B	-0.05%
WEN	D	-0.05%
DV	C	-0.05%
EQT	B	-0.05%
HRB	D	-0.05%
S	B	-0.04%
DAY	B	-0.04%
TKO	B	-0.04%
ROKU	D	-0.04%
SN	D	-0.04%
TPG	A	-0.04%
ALLY	C	-0.04%
LOAR	A	-0.03%
EPAM	C	-0.03%
CHE	D	-0.03%
KMX	B	-0.03%
HLI	B	-0.03%
BLD	D	-0.03%
BFAM	D	-0.03%
RH	B	-0.03%
TXG	F	-0.03%
H	B	-0.03%
YETI	C	-0.03%
RGEN	D	-0.03%
DJT	C	-0.03%
CROX	D	-0.03%
TRU	D	-0.03%
SPR	D	-0.02%
MTDR	B	-0.02%
SAM	C	-0.02%
UI	A	-0.02%
FWONA	B	-0.02%
WH	B	-0.02%
CAR	C	-0.02%
KBR	F	-0.02%
AAL	B	-0.02%
SKX	D	-0.02%
BPOP	B	-0.02%
WEX	D	-0.02%
SSD	D	-0.02%
FTRE	D	-0.01%
PPC	C	-0.01%
CC	C	-0.01%
UHAL	D	-0.01%
SEE	C	-0.01%
NFE	D	-0.01%
IRDM	D	-0.01%
MSGS	A	-0.01%
LBRDA	C	-0.01%
CGNX	C	-0.01%
UWMC	D	-0.01%
MKSI	C	-0.01%
WU	D	-0.01%
RLI	B	-0.01%
DOCS	C	-0.01%
ALAB	B	-0.0%
TRIP	F	-0.0%
PYCR	C	-0.0%