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IVSSvsFLQSETF Comparison

ETF 1
IVSS

Applied Finance IVS US SMID ETF

This fund is part of
US Multi-Factor
+0.61%
VS
ETF 2
FLQS

Franklin U.S. Small Cap Multifactor Index ETF

This fund is part of
US Multi-Factor
+0.61%

Applied Finance IVS US SMID ETF (IVSS) and Franklin U.S. Small Cap Multifactor Index ETF (FLQS) belong to the same industry segment: US Multi-Factor. IVSS's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, FLQS's top sector exposures are Industrials, Information Technology and Consumer Discretionary. IVSS is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.35% for FLQS. IVSS is up 14.77% year-to-date (YTD) with +$18M in YTD flows. FLQS performs worse with 10.48% YTD performance, and -$25M in YTD flows. Run a side-by-side ETF comparison of IVSS and FLQS 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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IVSS vs FLQS performance and flow charts

Performance

-2.00.02.04.0%May 11May 18May 25Jun 1Jun 8

Cumulative Flows

-2 M-1 M0 M1 MMay 11May 18May 25Jun 1Jun 8

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Historic performance and flows
Data as of 06/11/2026
1M3MYTD1Y3Y5Y
Perf.
IVSS
FLQS
+2.97%+5.30%
+10.88%+11.54%
+14.77%+10.48%
n/a+17.82%
n/a+41.23%
n/a+32.07%
Flows
IVSS
FLQS
+$1M-$2M
+$9M-$2M
+$18M-$25M
--$5M
-+$16M
-+$19M
Volatility and drawdown
3M1Y3Y5Y
Volatility
IVSS
FLQS
+15.55%+14.90%
n/a+15.34%
n/a+17.88%
n/a+19.29%
Max drawdown
IVSS
FLQS
-3.51%-3.92%
n/a-9.09%
n/a-22.82%
n/a-28.18%
Max drawdown duration
IVSS
FLQS
19d49d
n/a112d
n/a415d
n/a862d
Trading data

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IVSS
FLQS
Last sale
6/12/2026 at 1:30 PM
$29.19
$47.47
Previous close
06/11/2026
$28.93
$47.14
Consolidated volume
06/11/2026
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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IVSS
FLQS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
IVSS
FLQS
Last price
$29.19
$47.47
1D performance
+0.88%
+0.69%
AuM$26.02 M$49.87 M
E/R0.59%0.35%
Characteristics
IVSS
FLQS
Management strategyActivePassive
ProviderApplied FinanceFranklin Templeton
Benchmark-LibertyQ US Small Cap Equity Index
N° of holdings318445
Asset class-Equities
Trailing 12m distribution yield
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Inception dateDecember 3, 2025April 26, 2017
ESGNoNo
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Exposure

Countries

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

Sectors

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%
FLQS
Industrials
18.14%
Information Techn.
15.73%
Consumer Discreti.
15.46%
Financials
13%
Health Care
9.11%
Other
28.57%
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Diversification

IVSS

Total weight of top 15 holdings out of 15

19.24%
FLQS

Total weight of top 15 holdings out of 15

15.44%

Top 15 holdings

Data as of April 30, 2026
IVSS
INTERDIGITAL
2.04%
STERLING INFRASTRUCTURE INC
1.84%
PJT PARTNERS
1.55%
HEALTHEQUITY I/D
1.48%
OTTER TAIL PWR
1.29%
ENSIGN GROUP
1.28%
MERCURY GENERAL
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%
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%
Frequently asked questions about IVSS and FLQS

How have the IVSS and FLQS ETFs performed in 2026?

As of June 11, 2026, IVSS is up 14.77% year-to-date (YTD), while FLQS has returned 10.48%. That puts IVSS better performer ahead so far this year.

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

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

Which ETF is bigger: IVSS or FLQS?

As of June 11, 2026, IVSS holds $26.02 M in assets under management (AUM), while FLQS manages $49.87 M.

What sectors do the IVSS and FLQS ETFs invest in?

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

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

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

Which ETF is more diversified: IVSS or FLQS?

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

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