FLQSvsIVSSETF Comparison
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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. Both ETFs have the same top 3 sector exposures: Finance, Technology and Healthcare. FLQS is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.59% for IVSS. FLQS is up 16.28% year-to-date (YTD) with -$28M in YTD flows. IVSS performs better with 20.23% YTD performance, and +$20M 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
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLQS IVSS | +5.92%+5.21% | +0.20%-1.27% | +16.28%+20.23% | +17.91%n/a | +59.11%n/a | +34.55%n/a |
| Flows | FLQS IVSS | +$2M+$2M | -$3M+$2M | -$28M+$20M | -$28M- | +$642K- | +$18M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLQS IVSS | +10.84%+11.57% | +13.60%n/a | +17.72%n/a | +19.07%n/a |
| Max drawdown | FLQS IVSS | -7.72%-8.58% | -8.39%n/a | -22.82%n/a | -28.18%n/a |
| Max drawdown duration | FLQS IVSS | 74d85d | 49dn/a | 415dn/a | 862dn/a |
Trading data
FLQS | IVSS | |
Last sale 10/30/2026 at 1:30 PM | $49.02 | $30.46 |
| Previous close 10/29/2026 | $49.60 | $30.67 |
| Consolidated volume 10/29/2026 | ||
| 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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IVSS
is actively managed and doesn’t replicate an indexFLQS | 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 10/30/2026 at 1:30 PM
Live
Closed
FLQS | IVSS | |
|---|---|---|
| Last price | $49.02 | $30.46 |
| 1D performance | -1.17% | -0.68% |
| AuM | $49.64 M | $29.53 M |
| E/R | 0.35% | 0.59% |
Characteristics
FLQS | IVSS | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Franklin Templeton | Applied Finance |
| Benchmark | LibertyQ US Small Cap Equity Index | - |
| N° of holdings | 486 | 357 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 26, 2017 | December 3, 2025 |
| ESG | No | No |
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Exposure
Countries
FLQS
USA
92.58%
Other
7.42%
IVSS
USA
90.29%
Other
9.71%
Sectors
FLQS
Finance
20.88%
Technology
14.66%
Healthcare
13.91%
Consumer Cyclical.
10.25%
Consumer Non-Cycl.
9.37%
Industrials
8.86%
Other
22.08%
IVSS
Finance
18.67%
Technology
17.47%
Healthcare
13.7%
Industrials
9.58%
Energy
8.74%
Other
31.84%
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Diversification
FLQS
Total weight of top 15 holdings out of 15
13.83%
IVSS
Total weight of top 15 holdings out of 15
20.77%
Top 15 holdings
Data as of September 30, 2026
FLQS
Moog, Inc.
1.04%
InterDigital, Inc.
1.01%
Abercrombie & Fitch Co.
1.01%
Protagonist Therapeutics, Inc.
1.00%
Essent Group Ltd.
0.99%
FirstCash Holdings, Inc.
0.95%
Qualys, Inc.
0.94%
Alkermes Plc
0.93%
Commvault Systems, Inc.
0.93%
Cheesecake Factory, Inc.
0.88%
CareTrust REIT, Inc.
0.88%
ESCO Technologies, Inc.
0.88%
TXNM Energy, Inc.
0.81%
Lantheus Holdings, Inc.
0.79%
Selective Insurance Group, Inc.
0.78%
IVSS
InterDigital, Inc.
1.81%
Sterling Infrastructure, Inc.
1.76%
Dave, Inc.
1.69%
HealthEquity, Inc.
1.54%
Amneal Pharmaceuticals, Inc.
1.44%
BrightSpring Health Services, Inc.
1.40%
PJT Partners, Inc.
1.40%
Sezzle, Inc.
1.38%
Mercury General Corp.
1.27%
Otter Tail Corp.
1.26%
ACI Worldwide, Inc.
1.20%
Qualys, Inc.
1.19%
Lantheus Holdings, Inc.
1.17%
The Ensign Group, Inc.
1.14%
Nextpower, Inc.
1.12%
Frequently asked questions about FLQS and IVSS
How have the FLQS and IVSS ETFs performed in 2026?
As of October 29, 2026, FLQS is up 16.28% year-to-date (YTD), while IVSS has returned 20.23%. 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 -$28M in flows, compared to +$20M for IVSS.
Which ETF is bigger: FLQS or IVSS?
As of October 29, 2026, FLQS holds $49.64 M in assets under management (AUM), while IVSS manages $29.53 M.
What sectors do the FLQS and IVSS ETFs invest in?
FLQS leans toward sectors like Finance, Technology and Healthcare. Meanwhile, IVSS focuses on Finance, Technology and Healthcare.
What are the top holdings of the FLQS ETF and IVSS ETF?
FLQS top holdings include Moog, Inc., InterDigital, Inc. and Abercrombie & Fitch Co.. IVSS holds in its top three: InterDigital, Inc., Sterling Infrastructure, Inc. and Dave, Inc..
Which ETF is more diversified: FLQS or IVSS?
FLQS holds 489 securities with 13.83% of its assets in the top 15. IVSS has 357 securities and a top 15 weight of 20.77%.
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