FLSP vs. QWLD ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to SPDR MSCI World Quality Mix ETF (QWLD)

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

$23.91

Average Daily Volume

11,800

Number of Holdings ^*

172

* may have additional holdings in another (foreign) market

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.67

Average Daily Volume

4,311

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	QWLD
30 Days	0.93%	1.25%
60 Days	1.31%	5.04%
90 Days	1.04%	6.95%
12 Months	5.75%	28.57%

172 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in QWLD	Overlap
A	C	0.24%	0.07%	0.07%
ABBV	B	0.64%	0.4%	0.4%
ABBV	B	0.64%	0.15%	0.15%
ACI	F	0.05%	0.02%	0.02%
ADBE	F	0.47%	0.44%	0.44%
ADM	D	0.04%	0.05%	0.04%
ADSK	B	0.29%	0.09%	0.09%
AER	C	0.04%	0.02%	0.02%
AFL	A	0.33%	0.12%	0.12%
AIG	D	0.22%	0.07%	0.07%
AIZ	B	0.07%	0.07%	0.07%
AMAT	D	0.56%	0.33%	0.33%
AMP	B	0.21%	0.08%	0.08%
ANSS	D	0.14%	0.0%	0.0%
APH	C	0.18%	0.4%	0.18%
APP	C	0.13%	0.0%	0.0%
AVB	C	0.14%	0.01%	0.01%
AVTR	C	0.09%	0.01%	0.01%
AWK	C	0.12%	0.01%	0.01%
BBY	A	0.11%	0.06%	0.06%
BCS	B	0.21%	0.1%	0.1%
BG	F	0.09%	0.03%	0.03%
BK	B	0.24%	0.05%	0.05%
BKNG	B	0.7%	0.02%	0.02%
BLDR	C	0.12%	0.05%	0.05%
BR	C	0.13%	0.04%	0.04%
CAH	C	0.12%	0.12%	0.12%
CBOE	C	0.1%	0.25%	0.1%
CDNS	D	0.31%	0.12%	0.12%
CF	B	0.1%	0.12%	0.1%
CHKP	B	0.06%	0.19%	0.06%
CHRW	B	0.07%	0.01%	0.01%
CI	C	0.27%	0.19%	0.19%
CL	C	0.46%	0.22%	0.22%
CMCSA	C	0.43%	0.16%	0.16%
CMI	B	0.25%	0.08%	0.08%
CNC	D	0.18%	0.06%	0.06%
CPAY	B	0.11%	0.01%	0.01%
CPRT	D	0.23%	0.07%	0.07%
CRBG	C	0.05%	0.01%	0.01%
CRM	C	0.71%	0.05%	0.05%
CSL	B	0.12%	0.03%	0.03%
CSX	C	0.34%	0.11%	0.11%
CTAS	C	0.36%	0.13%	0.13%
CTSH	B	0.2%	0.2%	0.2%
DECK	C	0.13%	0.04%	0.04%
DINO	F	0.04%	0.05%	0.04%
DKS	D	0.05%	0.03%	0.03%
DOCU	C	0.07%	0.0%	0.0%
DPZ	D	0.07%	0.06%	0.06%
DT	C	0.07%	0.0%	0.0%
DVN	F	0.14%	0.03%	0.03%
EA	D	0.2%	0.17%	0.17%
EBAY	B	0.19%	0.01%	0.01%
EL	D	0.14%	0.01%	0.01%
ELV	D	0.58%	0.27%	0.27%
EOG	D	0.31%	0.05%	0.05%
EQH	C	0.09%	0.01%	0.01%
EXPD	B	0.09%	0.04%	0.04%
EXPE	C	0.11%	0.01%	0.01%
FDX	D	0.28%	0.06%	0.06%
FE	B	0.12%	0.01%	0.01%
FFIV	B	0.07%	0.15%	0.07%
FICO	B	0.26%	0.04%	0.04%
FIS	C	0.26%	0.02%	0.02%
FOXA	B	0.06%	0.01%	0.01%
FTNT	B	0.25%	0.01%	0.01%
GDDY	C	0.13%	0.21%	0.13%
GILD	B	0.46%	0.23%	0.23%
GLPI	C	0.07%	0.01%	0.01%
GM	C	0.3%	0.15%	0.15%
GOOG	D	0.11%	0.87%	0.11%
HD	B	0.3%	0.14%	0.14%
HIG	B	0.13%	0.03%	0.03%
HII	F	0.05%	0.01%	0.01%
HOLX	D	0.1%	0.01%	0.01%
HPQ	C	0.18%	0.04%	0.04%
IDXX	D	0.19%	0.09%	0.09%
INCY	C	0.06%	0.12%	0.06%
INTU	D	0.76%	0.24%	0.24%
IQV	D	0.22%	0.01%	0.01%
IR	B	0.17%	0.01%	0.01%
JBL	C	0.09%	0.01%	0.01%
K	A	0.11%	0.22%	0.11%
KMB	C	0.21%	0.12%	0.12%
KR	B	0.21%	0.3%	0.21%
L	D	0.07%	0.16%	0.07%
LDOS	A	0.12%	0.01%	0.01%
LII	C	0.1%	0.0%	0.0%
LIN	B	0.15%	0.06%	0.06%
LNG	D	0.23%	0.05%	0.05%
LULU	D	0.15%	0.06%	0.06%
LVS	C	0.1%	0.0%	0.0%
LYB	D	0.12%	0.03%	0.03%
LYV	A	0.09%	0.0%	0.0%
MA	B	0.84%	0.67%	0.67%
MANH	B	0.09%	0.04%	0.04%
MAS	B	0.1%	0.01%	0.01%
MELI	C	0.2%	0.01%	0.01%
MET	B	0.23%	0.05%	0.05%
META	B	0.49%	2.11%	0.49%
MMM	B	0.04%	0.14%	0.04%
MOH	D	0.1%	0.07%	0.07%
MOS	F	0.05%	0.02%	0.02%
MPC	F	0.3%	0.18%	0.18%
MRO	D	0.1%	0.02%	0.02%
MSFT	C	0.66%	2.36%	0.66%
MSI	B	0.41%	0.58%	0.41%
MTCH	C	0.06%	0.0%	0.0%
NBIX	F	0.07%	0.11%	0.07%
NOW	C	0.74%	0.01%	0.01%
NRG	B	0.1%	0.01%	0.01%
NTAP	D	0.15%	0.04%	0.04%
NUE	D	0.16%	0.04%	0.04%
NVDA	C	0.6%	2.04%	0.6%
NVS	C	0.6%	0.88%	0.6%
OC	C	0.1%	0.03%	0.03%
OVV	F	0.06%	0.02%	0.02%
PCAR	D	0.14%	0.1%	0.1%
PG	C	0.12%	0.96%	0.12%
PH	B	0.23%	0.02%	0.02%
PHM	B	0.14%	0.07%	0.07%
PKG	B	0.12%	0.03%	0.03%
PSX	F	0.25%	0.14%	0.14%
PTC	C	0.11%	0.07%	0.07%
PYPL	B	0.4%	0.04%	0.04%
QCOM	D	0.56%	0.33%	0.33%
RCL	B	0.18%	0.0%	0.0%
REG	C	0.07%	0.01%	0.01%
REGN	D	0.5%	0.44%	0.44%
ROL	C	0.08%	0.08%	0.08%
RPRX	C	0.06%	0.01%	0.01%
RS	D	0.08%	0.01%	0.01%
SE	B	0.17%	0.01%	0.01%
SEIC	B	0.05%	0.01%	0.01%
SNA	B	0.08%	0.03%	0.03%
SNPS	F	0.2%	0.12%	0.12%
SPG	B	0.24%	0.02%	0.02%
SSNC	C	0.08%	0.01%	0.01%
STLD	C	0.1%	0.02%	0.02%
STT	B	0.15%	0.03%	0.03%
STX	B	0.11%	0.01%	0.01%
SYY	C	0.17%	0.03%	0.03%
T	B	0.67%	0.36%	0.36%
TAP	D	0.06%	0.01%	0.01%
TEL	D	0.23%	0.08%	0.08%
TER	C	0.07%	0.03%	0.03%
TGT	C	0.27%	0.15%	0.15%
TJX	C	0.6%	0.34%	0.34%
TMO	B	0.47%	0.07%	0.07%
TROW	C	0.14%	0.05%	0.05%
TWLO	C	0.06%	0.0%	0.0%
TXT	D	0.11%	0.01%	0.01%
TYL	C	0.12%	0.0%	0.0%
UBER	C	0.61%	0.01%	0.01%
UDR	C	0.08%	0.0%	0.0%
UHS	C	0.08%	0.01%	0.01%
UTHR	B	0.09%	0.14%	0.09%
V	C	0.59%	1.11%	0.59%
VEEV	C	0.14%	0.04%	0.04%
VICI	C	0.15%	0.02%	0.02%
VLO	F	0.22%	0.07%	0.07%
VRSN	C	0.09%	0.14%	0.09%
VRTX	D	0.53%	0.42%	0.42%
VST	B	0.21%	0.01%	0.01%
VTR	C	0.13%	0.01%	0.01%
VTRS	D	0.07%	0.03%	0.03%
WAT	B	0.12%	0.04%	0.04%
WMT	B	0.75%	0.72%	0.72%
WSM	C	0.09%	0.04%	0.04%
WYNN	C	0.05%	0.0%	0.0%
ZM	C	0.1%	0.01%	0.01%

FLSP Overweight 1 Positions Relative to QWLD

	Symbol	Grade	Weight
	MTD	C	0.18%

FLSP Underweight 433 Positions Relative to QWLD

Symbol	Grade	Weight
AAPL	C	-2.55%
LLY	D	-1.39%
UNH	C	-1.29%
JNJ	C	-1.15%
GOOGL	D	-0.99%
CSCO	B	-0.92%
PEP	D	-0.83%
COST	C	-0.76%
BRK.A	C	-0.7%
TMUS	B	-0.64%
KO	B	-0.64%
ACN	C	-0.62%
VZ	A	-0.6%
JPM	D	-0.52%
MMC	C	-0.51%
MRK	F	-0.5%
ROP	C	-0.49%
IBM	B	-0.49%
WM	D	-0.49%
TXN	B	-0.48%
MCK	F	-0.47%
SO	B	-0.47%
XOM	D	-0.46%
NFLX	B	-0.46%
LMT	A	-0.45%
RSG	D	-0.44%
MCD	B	-0.42%
CB	B	-0.4%
GIS	B	-0.38%
DUK	B	-0.37%
ED	B	-0.37%
AMZN	C	-0.35%
CAT	B	-0.35%
NOC	B	-0.34%
PGR	C	-0.34%
GE	C	-0.33%
BAC	D	-0.33%
UL	B	-0.3%
CVX	F	-0.29%
ACGL	B	-0.28%
UNP	D	-0.27%
TRV	C	-0.27%
AZO	B	-0.27%
WCN	D	-0.26%
ADP	C	-0.24%
ORCL	B	-0.23%
HON	C	-0.23%
ISRG	C	-0.23%
KHC	C	-0.22%
ORLY	B	-0.22%
BLK	B	-0.22%
C	C	-0.22%
WFC	D	-0.21%
PFE	D	-0.21%
MFG	D	-0.2%
LRCX	D	-0.2%
BMY	C	-0.19%
NKE	D	-0.19%
GD	C	-0.19%
AMGN	D	-0.19%
WEC	B	-0.19%
ANET	C	-0.19%
HSY	D	-0.18%
KLAC	D	-0.18%
AJG	D	-0.18%
CHD	C	-0.18%
KEYS	B	-0.17%
CVS	D	-0.17%
HUM	F	-0.17%
WMB	C	-0.16%
ERIE	B	-0.16%
BAH	B	-0.16%
PANW	D	-0.16%
KDP	B	-0.16%
ZTS	B	-0.16%
MDLZ	C	-0.16%
TM	D	-0.15%
CME	B	-0.15%
AON	B	-0.15%
TD	C	-0.14%
SHW	B	-0.14%
YUM	B	-0.14%
TT	B	-0.14%
GS	B	-0.14%
ITW	B	-0.13%
AKAM	D	-0.13%
DEO	C	-0.13%
JNPR	A	-0.13%
BRO	C	-0.13%
E	D	-0.13%
MCO	C	-0.13%
CMG	D	-0.13%
WRB	D	-0.13%
TSN	D	-0.13%
AVGO	C	-0.12%
MKL	C	-0.12%
TSLA	C	-0.12%
MUFG	D	-0.12%
DHI	C	-0.12%
CNI	D	-0.11%
HRL	F	-0.1%
COP	F	-0.1%
FCNCA	D	-0.1%
CPB	C	-0.1%
GWW	B	-0.1%
DGX	B	-0.1%
CDW	D	-0.09%
RTX	B	-0.09%
MS	B	-0.09%
FANG	F	-0.09%
SMFG	D	-0.09%
F	F	-0.09%
ABT	C	-0.09%
PAYX	C	-0.09%
STLA	F	-0.09%
PSA	C	-0.09%
INTC	D	-0.09%
LYG	B	-0.09%
LEN	B	-0.09%
SJM	C	-0.08%
KVUE	B	-0.08%
DIS	D	-0.08%
XEL	B	-0.08%
TFC	D	-0.08%
FAST	C	-0.08%
COF	B	-0.08%
SONY	C	-0.08%
AMCR	B	-0.08%
HMC	D	-0.08%
AEE	B	-0.08%
PNC	C	-0.08%
USB	C	-0.08%
WTW	B	-0.07%
ULTA	D	-0.07%
MCHP	D	-0.07%
EW	F	-0.07%
NVR	B	-0.07%
ODFL	D	-0.07%
LOW	B	-0.07%
AEP	C	-0.07%
ALL	C	-0.07%
BDX	D	-0.07%
BMRN	F	-0.07%
GPC	D	-0.06%
WBD	D	-0.06%
AXP	B	-0.06%
DHR	B	-0.06%
D	C	-0.06%
MDT	B	-0.06%
EG	B	-0.06%
NEE	B	-0.06%
MPWR	B	-0.06%
JKHY	B	-0.06%
UPS	D	-0.06%
DE	A	-0.06%
MNST	D	-0.06%
LOGI	D	-0.06%
PM	C	-0.06%
CHTR	D	-0.05%
MT	C	-0.05%
NEM	C	-0.05%
BTI	C	-0.05%
CAG	B	-0.05%
PLD	C	-0.05%
VLTO	B	-0.05%
CMS	B	-0.05%
TDY	B	-0.05%
TSCO	B	-0.05%
RMD	C	-0.05%
ROK	D	-0.05%
OXY	F	-0.04%
SMCI	F	-0.04%
MO	C	-0.04%
WBA	F	-0.04%
MU	D	-0.04%
HUBB	B	-0.04%
SPGI	C	-0.04%
MTB	C	-0.04%
EME	B	-0.04%
ADI	C	-0.04%
TPL	C	-0.04%
AMD	C	-0.04%
WDAY	D	-0.04%
DOW	C	-0.04%
DOV	B	-0.04%
HCA	B	-0.04%
CTVA	B	-0.04%
OMC	B	-0.04%
PRU	C	-0.04%
GRMN	D	-0.04%
GGG	C	-0.03%
APD	B	-0.03%
JBHT	D	-0.03%
FCX	C	-0.03%
EIX	B	-0.03%
CBRE	B	-0.03%
PNR	B	-0.03%
JCI	B	-0.03%
NSC	C	-0.03%
HBAN	B	-0.03%
FDS	C	-0.03%
OKE	C	-0.03%
ETN	C	-0.03%
AMT	C	-0.03%
LNT	A	-0.03%
AVY	C	-0.03%
APA	F	-0.03%
POOL	C	-0.03%
SYF	C	-0.03%
ICE	C	-0.03%
RF	B	-0.03%
ENPH	D	-0.03%
SLB	F	-0.03%
SYK	C	-0.03%
SOLV	D	-0.03%
SWKS	F	-0.03%
KMI	C	-0.03%
WSO	C	-0.03%
PCG	C	-0.03%
FITB	B	-0.03%
LPLA	D	-0.03%
HPE	C	-0.03%
SRE	B	-0.03%
SCHW	D	-0.03%
CFG	D	-0.03%
EXC	B	-0.03%
IT	C	-0.03%
TRGP	C	-0.03%
DFS	C	-0.03%
DRI	C	-0.03%
WST	D	-0.03%
SBUX	C	-0.03%
MKTX	D	-0.02%
NMR	F	-0.02%
HAL	F	-0.02%
BIIB	F	-0.02%
APTV	D	-0.02%
ES	B	-0.02%
PAYC	D	-0.02%
SWK	B	-0.02%
BAX	C	-0.02%
TTC	F	-0.02%
CCI	C	-0.02%
CINF	C	-0.02%
NXPI	D	-0.02%
CHK	C	-0.02%
WY	C	-0.02%
DLR	B	-0.02%
GEHC	B	-0.02%
GEV	B	-0.02%
DTE	A	-0.02%
EPAM	F	-0.02%
ROST	C	-0.02%
CTRA	F	-0.02%
AOS	B	-0.02%
WELL	C	-0.02%
IP	C	-0.02%
AFG	C	-0.02%
PFG	B	-0.02%
CEG	C	-0.02%
BKR	C	-0.02%
GLW	B	-0.02%
KKR	B	-0.02%
GPN	D	-0.02%
NDSN	C	-0.02%
URI	B	-0.02%
KEY	C	-0.02%
PEG	B	-0.02%
CARR	B	-0.02%
BSX	B	-0.02%
DD	B	-0.02%
ETR	A	-0.02%
ALLE	B	-0.02%
BX	C	-0.02%
LHX	C	-0.02%
EMR	D	-0.02%
IEX	C	-0.02%
IPG	C	-0.02%
O	B	-0.02%
SW	B	-0.02%
WTRG	D	-0.01%
TRMB	C	-0.01%
MGM	D	-0.01%
ALGN	D	-0.01%
CTLT	B	-0.01%
OTEX	D	-0.01%
CCL	C	-0.01%
CPT	C	-0.01%
RPM	B	-0.01%
TFX	B	-0.01%
TTWO	D	-0.01%
FOX	B	-0.01%
UHAL	B	-0.01%
DAL	C	-0.01%
DVA	B	-0.01%
NWSA	D	-0.01%
SBAC	C	-0.01%
HST	D	-0.01%
CG	C	-0.01%
CLX	C	-0.01%
HLT	B	-0.01%
BURL	C	-0.01%
TRU	B	-0.01%
IRM	C	-0.01%
FSLR	C	-0.01%
QRVO	F	-0.01%
STE	B	-0.01%
HWM	B	-0.01%
BEN	F	-0.01%
SUI	C	-0.01%
MBAVU	D	-0.01%
ACM	B	-0.01%
ESS	C	-0.01%
HSIC	C	-0.01%
INVH	D	-0.01%
WPC	C	-0.01%
MKC	C	-0.01%
ZBRA	B	-0.01%
DOC	B	-0.01%
CCEP	C	-0.01%
MAA	C	-0.01%
BXP	C	-0.01%
EFX	C	-0.01%
XYL	C	-0.01%
AGCO	D	-0.01%
MRVL	D	-0.01%
CCK	B	-0.01%
CHRD	F	-0.01%
STZ	C	-0.01%
KNX	C	-0.01%
ALB	D	-0.01%
ABNB	D	-0.01%
FTV	C	-0.01%
VMC	C	-0.01%
NDAQ	C	-0.01%
MLM	D	-0.01%
WFG	B	-0.01%
NI	B	-0.01%
LKQ	F	-0.01%
KIM	C	-0.01%
ARE	C	-0.01%
BALL	C	-0.01%
OTIS	B	-0.01%
TDG	B	-0.01%
WDC	C	-0.01%
DLTR	F	-0.01%
EMN	B	-0.01%
AES	C	-0.01%
MAR	B	-0.01%
PWR	B	-0.01%
DELL	C	-0.01%
AME	C	-0.01%
BSY	C	-0.01%
CNP	C	-0.01%
ZBH	F	-0.01%
EQR	C	-0.01%
FNF	B	-0.01%
WAB	B	-0.01%
HES	F	-0.01%
ATO	B	-0.01%
J	A	-0.01%
EVRG	B	-0.01%
CE	D	-0.01%
APO	B	-0.01%
EQT	C	-0.01%
IFF	A	-0.01%
SQ	D	-0.01%
MRNA	F	-0.01%
ALLY	F	-0.01%
ECL	B	-0.01%
PARA	D	-0.01%
PPL	A	-0.01%
ON	D	-0.01%
DG	F	-0.01%
EQIX	B	-0.01%
RJF	C	-0.01%
NTRS	C	-0.01%
CNH	C	-0.01%
KMX	D	-0.01%
PPG	C	-0.01%
BA	F	-0.01%
EXR	C	-0.01%
GLBE	C	-0.0%
IOT	C	-0.0%
NET	D	-0.0%
TOST	C	-0.0%
RBLX	C	-0.0%
XRX	D	-0.0%
DDOG	D	-0.0%
DKNG	C	-0.0%
SNAP	D	-0.0%
FUTU	A	-0.0%
MSTR	C	-0.0%
H	B	-0.0%
PSTG	F	-0.0%
DAY	D	-0.0%
HEI	C	-0.0%
GRAB	B	-0.0%
PINS	D	-0.0%
SNOW	F	-0.0%
PODD	C	-0.0%
HOOD	C	-0.0%
DXCM	F	-0.0%
CRWD	D	-0.0%
ROKU	D	-0.0%
OKTA	F	-0.0%
TECH	C	-0.0%
TTD	B	-0.0%
EXAS	D	-0.0%
TW	B	-0.0%
PLTR	C	-0.0%
AXON	B	-0.0%
Z	C	-0.0%
ELS	D	-0.0%
HEI	C	-0.0%
LUV	C	-0.0%
VRT	C	-0.0%
ENTG	D	-0.0%
LW	D	-0.0%
RIVN	F	-0.0%
BBWI	D	-0.0%
MSCI	C	-0.0%
DASH	B	-0.0%
COIN	F	-0.0%
QGEN	C	-0.0%
WLK	C	-0.0%
ILMN	D	-0.0%
BIO	C	-0.0%
CRL	F	-0.0%
CSGP	D	-0.0%
ARES	B	-0.0%
VRSK	D	-0.0%
AMH	D	-0.0%