FLQSvsFSMLETF Comparison
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Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and Franklin Small Cap Enhanced ETF (FSML) belong to the same industry segment: US Multi-Factor. FLQS's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, FSML's top sector exposures are Finance, Healthcare and Technology. FLQS is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.45% for FSML. FLQS is up 14.47% year-to-date (YTD) with -$28M in YTD flows. FSML performs better with 19.27% YTD performance, and +$136M in YTD flows. Run a side-by-side ETF comparison of FLQS and FSML below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FLQS vs FSML performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLQS FSML | +4.04%+1.10% | -1.81%-1.90% | +14.47%+19.27% | +13.43%n/a | +56.63%n/a | +32.89%n/a |
| Flows | FLQS FSML | +$2M+$7M | -$3M+$7M | -$28M+$136M | -$28M- | +$642K- | +$18M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLQS FSML | +10.41%+14.83% | +13.72%n/a | +17.71%n/a | +19.06%n/a |
| Max drawdown | FLQS FSML | -7.72%-9.19% | -8.39%n/a | -22.82%n/a | -28.18%n/a |
| Max drawdown duration | FLQS FSML | 73d73d | 49dn/a | 415dn/a | 862dn/a |
Trading data
FLQS | FSML | |
Last sale 10/29/2026 at 1:30 PM | $49.60 | $29.53 |
| Previous close 10/28/2026 | $48.84 | $29.37 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FSML
is actively managed and doesn’t replicate an indexFLQS | FSML | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
FLQS | FSML | |
|---|---|---|
| Last price | $49.60 | $29.53 |
| 1D performance | +1.56% | +0.54% |
| AuM | $48.87 M | $152.85 M |
| E/R | 0.35% | 0.45% |
Characteristics
FLQS | FSML | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | LibertyQ US Small Cap Equity Index | - |
| N° of holdings | 487 | 297 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 26, 2017 | December 9, 2025 |
| ESG | No | No |
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Exposure
Countries
FLQS
USA
92.87%
Other
7.13%
FSML
USA
93.67%
Other
6.33%
Sectors
FLQS
Finance
21.11%
Technology
14.18%
Healthcare
13.87%
Consumer Cyclical.
10.31%
Consumer Non-Cycl.
9.5%
Industrials
8.91%
Other
22.12%
FSML
Finance
24.2%
Healthcare
21.54%
Technology
12.85%
Industrials
11.1%
Energy
7.39%
Other
22.92%
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Diversification
FLQS
Total weight of top 15 holdings out of 15
13.84%
FSML
Total weight of top 15 holdings out of 15
20.28%
Top 15 holdings
Data as of August 31, 2026
FLQS
Alkermes Plc
1.06%
Abercrombie & Fitch Co.
1.03%
Essent Group Ltd.
1.02%
Protagonist Therapeutics, Inc.
1.01%
InterDigital, Inc.
0.98%
Moog, Inc.
0.97%
Cheesecake Factory, Inc.
0.92%
FirstCash Holdings, Inc.
0.91%
Qualys, Inc.
0.91%
CareTrust REIT, Inc.
0.89%
ESCO Technologies, Inc.
0.89%
Compass, Inc. (New York)
0.85%
Commvault Systems, Inc.
0.81%
Selective Insurance Group, Inc.
0.79%
Enova International, Inc.
0.78%
FSML
10X Genomics, Inc.
1.88%
Jackson Financial, Inc.
1.55%
Oceaneering International, Inc.
1.44%
Core Natural Resources, Inc.
1.39%
Acadian Asset Management, Inc.
1.39%
GeneDx Holdings Corp.
1.39%
Korn Ferry
1.34%
Box, Inc.
1.30%
TG Therapeutics, Inc.
1.28%
Tutor Perini Corp.
1.28%
ACADIA Pharmaceuticals, Inc.
1.25%
Krystal Biotech, Inc.
1.24%
Xenon Pharmaceuticals, Inc.
1.22%
National Energy Services Reunited Corp.
1.19%
Valley National Bancorp
1.17%
Frequently asked questions about FLQS and FSML
How have the FLQS and FSML ETFs performed in 2026?
As of October 28, 2026, FLQS is up 14.47% year-to-date (YTD), while FSML has returned 19.27%. That puts FSML better performer ahead so far this year.
Which ETF is attracting more investor money: FLQS or FSML?
Year-to-date, the FLQS ETF saw -$28M in flows, compared to +$136M for FSML.
Which ETF is bigger: FLQS or FSML?
As of October 28, 2026, FLQS holds $48.87 M in assets under management (AUM), while FSML manages $152.85 M.
What sectors do the FLQS and FSML ETFs invest in?
FLQS leans toward sectors like Finance, Technology and Healthcare. Meanwhile, FSML focuses on Finance, Healthcare and Technology.
What are the top holdings of the FLQS ETF and FSML ETF?
FLQS top holdings include Alkermes Plc, Abercrombie & Fitch Co. and Essent Group Ltd.. FSML holds in its top three: 10X Genomics, Inc., Jackson Financial, Inc. and Oceaneering International, Inc..
Which ETF is more diversified: FLQS or FSML?
FLQS holds 490 securities with 13.84% of its assets in the top 15. FSML has 298 securities and a top 15 weight of 20.28%.
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