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FLQSvsIVSSETF Comparison

ETF 1
FLQS

Franklin U.S. Small Cap Multifactor Index ETF

This fund is part of
US Multi-Factor
+1.06%
VS
ETF 2
IVSS

Applied Finance IVS US SMID ETF

This fund is part of
US Multi-Factor
+1.06%

Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and Applied Finance IVS US SMID ETF (IVSS) belong to the same industry segment: US Multi-Factor. FLQS's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, IVSS's top sector exposures are Industrials, Information Technology and Financials. FLQS is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.59% for IVSS. FLQS is up 10.07% year-to-date (YTD) with -$25M in YTD flows. IVSS performs better with 15.82% YTD performance, and +$18M in YTD flows. Run a side-by-side ETF comparison of FLQS and IVSS 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 IVSS performance and flow charts

Performance

-2.00.02.04.06.0%May 12May 19May 26Jun 2Jun 9

Cumulative Flows

-2 M-1 M0 M1 MMay 12May 19May 26Jun 2Jun 9

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Historic performance and flows
Data as of 06/15/2026
1M3MYTD1Y3Y5Y
Perf.
FLQS
IVSS
+6.62%+4.40%
+10.54%+13.84%
+10.07%+15.82%
+18.16%n/a
+40.02%n/a
+31.78%n/a
Flows
FLQS
IVSS
-$2M+$1M
-$2M+$9M
-$25M+$18M
-$5M-
+$17M-
+$19M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
FLQS
IVSS
+15.04%+15.15%
+15.24%n/a
+17.89%n/a
+19.29%n/a
Max drawdown
FLQS
IVSS
-3.92%-3.51%
-9.09%n/a
-22.82%n/a
-28.18%n/a
Max drawdown duration
FLQS
IVSS
49d19d
112dn/a
415dn/a
862dn/a
Trading data

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FLQS
IVSS
Last sale
6/15/2026 at 1:30 PM
$47.25
$29.14
Previous close
06/15/2026
$47.47
$29.19
Consolidated volume
06/15/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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IVSS
is actively managed and doesn’t replicate an index

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FLQS
IVSS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/15/2026 at 1:30 PM
Live
Closed
FLQS
IVSS
Last price
$47.25
$29.14
1D performance
-0.45%
-0.16%
AuM$49.68 M$26.26 M
E/R0.35%0.59%
Characteristics
FLQS
IVSS
Management strategyPassiveActive
ProviderFranklin TempletonApplied Finance
BenchmarkLibertyQ US Small Cap Equity Index-
N° of holdings445318
Asset classEquities-
Trailing 12m distribution yield
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Inception dateApril 26, 2017December 3, 2025
ESGNoNo
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Exposure

Countries

FLQS
USA
93.31%
Other
6.69%
IVSS
USA
76.3%
Other
23.7%

Sectors

FLQS
Industrials
18.14%
Information Techn.
15.73%
Consumer Discreti.
15.46%
Financials
13%
Health Care
9.11%
Other
28.57%
IVSS
Industrials
14.18%
Information Techn.
13.05%
Financials
12.01%
Health Care
10.77%
Consumer Discreti.
9.94%
Energy
7.51%
Other
32.54%
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Diversification

FLQS

Total weight of top 15 holdings out of 15

15.44%
IVSS

Total weight of top 15 holdings out of 15

19.24%

Top 15 holdings

Data as of April 30, 2026
FLQS
RAMBUS
1.41%
VIAVI SOLUTIONS INC
1.21%
MOOG
1.18%
ESCO TECHNOLOGIES
1.15%
FIRSTCASH HOLDINGS INC
1.12%
JACKSON FINANCIAL INC
1.10%
WTTS WTER TECH
1.06%
PRIMORIS SERVICES
1.02%
CARETRUST REIT
0.99%
ESSENT GROUP LTD
0.98%
INTERDIGITAL
0.96%
INSTALLED BUILDING PRODUCTS
0.88%
ALKERMES
0.81%
PNM RESOURCES
0.81%
SOUTHWEST GAS
0.77%
IVSS
INTERDIGITAL
2.04%
STERLING INFRASTRUCTURE INC
1.84%
PJT PARTNERS
1.55%
HEALTHEQUITY I/D
1.48%
OTTER TAIL PWR
1.29%
MERCURY GENERAL
1.28%
ENSIGN GROUP
1.28%
SOUTHWEST GAS
1.24%
TANGER FACTORY REIT
1.12%
COEUR MINING INC
1.11%
ACI WORLDWIDE
1.08%
LANTHEUS HOLDINGS
1.01%
CHART INDUSTRIES
1.01%
MAXIMUS
0.98%
KINETIK HOLDINGS INC
0.93%
Frequently asked questions about FLQS and IVSS

How have the FLQS and IVSS ETFs performed in 2026?

As of June 15, 2026, FLQS is up 10.07% year-to-date (YTD), while IVSS has returned 15.82%. That puts IVSS better performer ahead so far this year.

Which ETF is attracting more investor money: FLQS or IVSS?

Year-to-date, the FLQS ETF saw -$25M in flows, compared to +$18M for IVSS.

Which ETF is bigger: FLQS or IVSS?

As of June 15, 2026, FLQS holds $49.68 M in assets under management (AUM), while IVSS manages $26.26 M.

What sectors do the FLQS and IVSS ETFs invest in?

FLQS leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, IVSS focuses on Industrials, Information Technology and Financials.

What are the top holdings of the FLQS ETF and IVSS ETF?

FLQS top holdings include RAMBUS, VIAVI SOLUTIONS INC and MOOG. IVSS holds in its top three: INTERDIGITAL, STERLING INFRASTRUCTURE INC and PJT PARTNERS.

Which ETF is more diversified: FLQS or IVSS?

FLQS holds 475 securities with 15.44% of its assets in the top 15. IVSS has 321 securities and a top 15 weight of 19.24%.

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