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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
+0.99%
VS
ETF 2
IVSS

Applied Finance IVS US SMID ETF

This fund is part of
US Multi-Factor
+0.99%

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, Consumer Discretionary and Information Technology. In contrast, IVSS's top sector exposures are Information Technology, Industrials and Financials. FLQS is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.59% for IVSS. FLQS is up 7.15% year-to-date (YTD) with -$23M in YTD flows. IVSS performs better with 9.98% YTD performance, and +$16M 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

0246810%Mar 30Apr 7Apr 14Apr 21Apr 28

Cumulative Flows

0 M1 M2 M3 M4 M5 M6 MMar 30Apr 7Apr 14Apr 21Apr 28

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Historic performance and flows
Data as of 04/30/2026
1M3MYTD1Y3Y5Y
Perf.
FLQS
IVSS
+9.80%+8.96%
+3.94%+3.28%
+7.15%+9.98%
+21.82%n/a
+41.96%n/a
+30.42%n/a
Flows
FLQS
IVSS
-+$6M
-$23M+$10M
-$23M+$16M
-$970K-
+$21M-
+$21M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
FLQS
IVSS
+15.93%+16.83%
+15.63%n/a
+18.09%n/a
+19.39%n/a
Max drawdown
FLQS
IVSS
-8.39%-8.25%
-9.09%n/a
-22.82%n/a
-28.18%n/a
Max drawdown duration
FLQS
IVSS
49d53d
112dn/a
415dn/a
862dn/a
Trading data

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FLQS
IVSS
Last sale
4/30/2026 at 1:30 PM
$46.11
$28.00
Previous close
04/29/2026
$45.64
$27.96
Consolidated volume
04/29/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of April 30, 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 4/30/2026 at 1:30 PM
Live
Closed
FLQS
IVSS
Last price
$46.11
$28.00
1D performance
+1.03%
+0.14%
AuM$50.67 M$22.86 M
E/R0.35%0.59%
Characteristics
FLQS
IVSS
Management strategyPassiveActive
ProviderFranklin TempletonApplied Finance
BenchmarkLibertyQ US Small Cap Equity Index-
N° of holdings450317
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
93.77%
Other
6.23%
IVSS
USA
73.22%
Other
26.78%

Sectors

FLQS
Industrials
17.59%
Consumer Discreti.
15.67%
Information Techn.
15.3%
Financials
12.96%
Health Care
9.81%
Other
28.66%
IVSS
Information Techn.
13.97%
Industrials
11.71%
Financials
11.56%
Consumer Discreti.
11.29%
Health Care
10.74%
Energy
10.62%
Other
30.11%
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Diversification

FLQS

Total weight of top 15 holdings out of 15

14.47%
IVSS

Total weight of top 15 holdings out of 15

19.76%

Top 15 holdings

Data as of March 31, 2026
FLQS
MOOG
1.18%
JACKSON FINANCIAL INC
1.09%
WTTS WTER TECH
1.08%
ESCO TECHNOLOGIES
1.07%
FIRSTCASH HOLDINGS INC
1.06%
CARETRUST REIT
1.02%
VIAVI SOLUTIONS INC
1.00%
RAMBUS
0.98%
ESSENT GROUP LTD
0.96%
PRIMORIS SERVICES
0.89%
INTERDIGITAL
0.86%
PNM RESOURCES
0.86%
INSTALLED BUILDING PRODUCTS
0.85%
SOUTHWEST GAS
0.79%
ALKERMES
0.78%
IVSS
RYMAN HOSPITALITY PROPERTIES
2.08%
ENSIGN GROUP
1.96%
INTERDIGITAL
1.54%
SOUTHWEST GAS
1.51%
FABRINET
1.45%
OPTION CARE HEALTH INC
1.32%
LANTHEUS HOLDINGS
1.30%
MAXIMUS
1.17%
VALARIS LTD
1.16%
JACKSON FINANCIAL INC
1.16%
PJT PARTNERS
1.14%
LIBERTY OILFIELD SERVICES
1.03%
STRIDE INC
0.99%
INTERNATIONAL SEAWAYS
0.98%
PRESTIGE CONSUMER HEALTHCARE
0.97%
Frequently asked questions about FLQS and IVSS

How have the FLQS and IVSS ETFs performed in 2026?

As of April 30, 2026, FLQS is up 7.15% year-to-date (YTD), while IVSS has returned 9.98%. 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 -$23M in flows, compared to +$16M for IVSS.

Which ETF is bigger: FLQS or IVSS?

As of April 30, 2026, FLQS holds $50.67 M in assets under management (AUM), while IVSS manages $22.86 M.

What sectors do the FLQS and IVSS ETFs invest in?

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

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

FLQS top holdings include MOOG, JACKSON FINANCIAL INC and WTTS WTER TECH. IVSS holds in its top three: RYMAN HOSPITALITY PROPERTIES, ENSIGN GROUP and INTERDIGITAL.

Which ETF is more diversified: FLQS or IVSS?

FLQS holds 480 securities with 14.47% of its assets in the top 15. IVSS has 320 securities and a top 15 weight of 19.76%.

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