FLQL vs. BTAL ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$57.94

Average Daily Volume

48,937

Number of Holdings ^*

208

* may have additional holdings in another (foreign) market

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.52

Average Daily Volume

609,571

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	BTAL
30 Days	2.22%	-2.50%
60 Days	3.76%	0.57%
90 Days	4.30%	-0.91%
12 Months	32.67%	-1.36%

80 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in BTAL	Overlap
ABBV	C	1.8%	0.41%	0.41%
ACGL	C	0.32%	0.43%	0.32%
ALSN	B	0.11%	0.4%	0.11%
AMGN	B	1.32%	0.43%	0.43%
ANET	B	0.75%	-0.43%	-0.43%
AVGO	C	1.76%	-0.42%	-0.42%
AVT	C	0.09%	0.39%	0.09%
AXS	B	0.1%	0.43%	0.1%
BBWI	F	0.05%	-0.39%	-0.39%
BLD	D	0.1%	-0.43%	-0.43%
BLDR	C	0.17%	-0.45%	-0.45%
CACI	B	0.1%	0.44%	0.1%
CB	B	0.45%	0.43%	0.43%
CE	F	0.1%	-0.39%	-0.39%
CF	C	0.11%	0.4%	0.11%
CFG	C	0.11%	-0.41%	-0.41%
CHE	C	0.1%	0.4%	0.1%
CI	C	0.62%	0.44%	0.44%
CLH	A	0.12%	0.41%	0.12%
CMG	C	0.6%	0.42%	0.42%
CSCO	C	1.41%	0.42%	0.42%
CTSH	C	0.26%	0.42%	0.26%
CW	B	0.11%	0.4%	0.11%
DAL	C	0.11%	-0.47%	-0.47%
DECK	C	0.23%	0.37%	0.23%
DELL	D	0.1%	-0.44%	-0.44%
DKS	D	0.12%	-0.38%	-0.38%
ETN	C	0.87%	-0.43%	-0.43%
EXP	B	0.11%	-0.47%	-0.47%
FANG	D	0.19%	0.37%	0.19%
GD	B	0.33%	0.43%	0.33%
GLW	C	0.13%	0.42%	0.13%
HIG	B	0.15%	0.43%	0.15%
HPQ	D	0.28%	0.39%	0.28%
HRB	C	0.12%	0.42%	0.12%
IBKR	B	0.1%	0.42%	0.1%
IBM	B	1.42%	0.45%	0.45%
IDXX	C	0.33%	-0.46%	-0.46%
ITT	B	0.1%	-0.42%	-0.42%
JNJ	C	1.82%	0.43%	0.43%
JNPR	B	0.11%	0.41%	0.11%
KRC	B	0.1%	-0.44%	-0.44%
LAMR	B	0.1%	-0.46%	-0.46%
LNC	D	0.09%	-0.39%	-0.39%
LPLA	D	0.12%	0.37%	0.12%
LRCX	F	0.84%	-0.38%	-0.38%
MCK	F	0.44%	0.41%	0.41%
MDU	C	0.1%	0.45%	0.1%
MSFT	C	6.52%	0.43%	0.43%
MSI	B	0.46%	0.44%	0.44%
MSM	D	0.09%	0.41%	0.09%
MUSA	D	0.11%	0.43%	0.11%
NEU	D	0.1%	0.45%	0.1%
NRG	C	0.09%	-0.41%	-0.41%
NVDA	D	4.95%	-0.38%	-0.38%
NVT	D	0.08%	-0.42%	-0.42%
OC	D	0.12%	-0.38%	-0.38%
OHI	B	0.12%	0.43%	0.12%
PCAR	D	0.45%	0.42%	0.42%
PGR	B	0.58%	0.43%	0.43%
PKG	B	0.13%	0.43%	0.13%
RGA	C	0.12%	0.43%	0.12%
RSG	D	0.34%	0.41%	0.34%
SAIC	C	0.1%	0.44%	0.1%
SMCI	F	0.09%	-0.36%	-0.36%
SNX	D	0.08%	0.39%	0.08%
T	C	0.94%	0.47%	0.47%
TER	D	0.09%	-0.39%	-0.39%
TJX	B	0.99%	0.42%	0.42%
TMUS	C	0.36%	0.41%	0.36%
TOL	B	0.14%	-0.45%	-0.45%
TSLA	C	0.75%	-0.45%	-0.45%
TT	B	0.56%	-0.44%	-0.44%
TXRH	C	0.11%	0.41%	0.11%
URI	B	0.38%	-0.44%	-0.44%
UTHR	C	0.13%	0.41%	0.13%
VZ	B	1.31%	0.45%	0.45%
WM	D	0.79%	0.41%	0.41%
X	F	0.08%	0.4%	0.08%
XOM	C	0.44%	0.39%	0.39%

FLQL Overweight 128 Positions Relative to BTAL

Symbol	Grade	Weight
AAPL	C	6.79%
AMZN	C	2.86%
META	B	2.5%
GOOGL	D	1.88%
LLY	C	1.86%
COST	B	1.79%
MA	B	1.78%
GOOG	D	1.61%
MRK	D	1.41%
WMT	C	1.31%
TXN	C	1.31%
ISRG	B	1.25%
CAT	B	1.24%
JPM	D	1.18%
BRK.A	C	1.18%
VRTX	D	1.08%
QCOM	D	1.08%
CMCSA	D	1.06%
AMAT	D	1.05%
BKNG	C	1.03%
SYK	C	1.0%
REGN	C	0.96%
C	C	0.92%
MO	C	0.87%
KLAC	D	0.86%
BSX	B	0.72%
HCA	B	0.63%
MCO	B	0.58%
ZTS	C	0.58%
CL	D	0.57%
APH	D	0.54%
MPC	F	0.52%
SPG	B	0.47%
DHI	B	0.46%
PH	B	0.46%
PSA	B	0.42%
VLO	F	0.36%
LEN	B	0.36%
GWW	B	0.36%
CTAS	B	0.36%
FAST	C	0.3%
MCHP	F	0.3%
HLT	B	0.27%
NUE	F	0.26%
PHM	B	0.25%
NVR	B	0.24%
GM	C	0.23%
NTAP	D	0.22%
EMR	D	0.22%
GRMN	D	0.21%
LYB	D	0.2%
HPE	D	0.18%
SYF	C	0.17%
LDOS	B	0.17%
CDW	D	0.17%
WSM	D	0.17%
GDDY	C	0.16%
CMI	C	0.16%
STLD	F	0.15%
HWM	B	0.15%
PEG	B	0.15%
IRM	C	0.14%
LII	B	0.14%
CSL	B	0.14%
RS	D	0.13%
TSCO	C	0.13%
UHS	B	0.13%
COKE	C	0.13%
MAS	B	0.13%
WSO	C	0.12%
WAB	B	0.12%
HIW	B	0.12%
JEF	B	0.12%
CASY	D	0.12%
CUZ	B	0.12%
PPC	D	0.12%
EBAY	B	0.12%
SWKS	D	0.12%
DPZ	F	0.12%
AWI	B	0.11%
ETR	B	0.11%
R	A	0.11%
LEN	B	0.11%
SCCO	D	0.11%
INGR	B	0.11%
ESS	B	0.11%
EHC	C	0.11%
THC	A	0.11%
CRUS	D	0.11%
EPR	B	0.11%
EVR	A	0.11%
BBY	C	0.11%
MTG	B	0.11%
NNN	C	0.11%
OGN	D	0.1%
EMN	B	0.1%
AGO	C	0.1%
JBL	D	0.1%
DVA	B	0.1%
CRI	D	0.1%
MEDP	F	0.1%
NBIX	F	0.1%
NFG	B	0.1%
IP	B	0.1%
APP	C	0.1%
PK	D	0.09%
OMF	D	0.09%
RL	C	0.09%
OVV	F	0.09%
FIX	B	0.09%
AYI	B	0.09%
TPR	C	0.09%
KEX	C	0.09%
DCI	C	0.09%
SLM	D	0.09%
WING	B	0.09%
TNL	D	0.09%
LOPE	D	0.09%
WU	F	0.09%
PSTG	F	0.08%
CROX	D	0.08%
APA	F	0.08%
GNTX	F	0.08%
BJ	D	0.08%
OSK	F	0.08%
GAP	F	0.07%
CIVI	F	0.07%
M	F	0.07%

FLQL Underweight 308 Positions Relative to BTAL

Symbol	Grade	Weight
SBRA	C	-0.47%
MKL	C	-0.47%
ERIE	B	-0.47%
TRV	C	-0.46%
WPC	C	-0.45%
ARMK	B	-0.45%
FFIV	B	-0.45%
GILD	B	-0.45%
MKC	C	-0.45%
NWL	C	-0.45%
WELL	C	-0.45%
RNR	C	-0.45%
ORLY	C	-0.45%
ZI	D	-0.45%
ALL	B	-0.44%
PNW	C	-0.44%
PNM	B	-0.44%
PAYC	D	-0.44%
GIS	B	-0.44%
ED	C	-0.44%
REG	C	-0.44%
AVB	B	-0.44%
ELV	C	-0.44%
EQR	B	-0.44%
KR	C	-0.44%
ELS	C	-0.44%
ROP	C	-0.44%
THG	B	-0.44%
XEL	B	-0.44%
HEI	B	-0.44%
UNM	B	-0.43%
VFC	C	-0.43%
EG	C	-0.43%
VICI	C	-0.43%
TDY	B	-0.43%
HQY	C	-0.43%
CHD	D	-0.43%
FLO	C	-0.43%
DRI	B	-0.43%
PAYX	C	-0.43%
WEC	C	-0.43%
MOH	D	-0.43%
SIGI	D	-0.43%
CPB	C	-0.43%
CCK	A	-0.43%
BMY	C	-0.43%
DUK	C	-0.43%
LNT	B	-0.43%
AEE	C	-0.43%
PFE	C	-0.43%
WEN	C	-0.43%
OLLI	C	-0.43%
CMS	C	-0.43%
CME	C	-0.43%
SFM	B	-0.43%
ADC	C	-0.43%
ADP	B	-0.42%
KO	C	-0.42%
DD	B	-0.42%
KMI	B	-0.42%
RYAN	D	-0.42%
EDR	A	-0.42%
CSX	D	-0.42%
VRSN	D	-0.42%
NEM	B	-0.42%
LNG	C	-0.42%
FTNT	C	-0.42%
O	C	-0.42%
SLGN	B	-0.42%
WH	B	-0.42%
AON	B	-0.42%
FOXF	D	-0.42%
VTRS	D	-0.42%
ORI	B	-0.42%
SNA	C	-0.42%
DGX	B	-0.42%
TGNA	D	-0.42%
GLPI	C	-0.42%
COLM	C	-0.42%
ACN	C	-0.42%
CBOE	C	-0.42%
CINF	B	-0.42%
FCN	D	-0.42%
DBX	D	-0.42%
DOX	C	-0.42%
RLI	B	-0.42%
BRO	C	-0.42%
PCTY	C	-0.41%
BG	D	-0.41%
HON	D	-0.41%
MAN	C	-0.41%
L	C	-0.41%
MSA	D	-0.41%
CFLT	F	-0.41%
WTW	C	-0.41%
UNH	C	-0.41%
ASGN	D	-0.41%
G	C	-0.41%
CHH	C	-0.41%
TXT	D	-0.41%
MCD	B	-0.41%
DLB	D	-0.41%
AMCR	B	-0.41%
CACC	F	-0.41%
MMC	C	-0.41%
KHC	C	-0.41%
NOC	B	-0.41%
WRB	C	-0.41%
YUM	D	-0.41%
RTX	C	-0.41%
LULU	D	-0.4%
GPC	D	-0.4%
BWA	D	-0.4%
BKR	C	-0.4%
LMT	C	-0.4%
CHRW	B	-0.4%
TNET	F	-0.4%
BWXT	D	-0.4%
MSTR	D	-0.4%
FOXA	B	-0.4%
AIZ	B	-0.4%
J	C	-0.4%
FMC	C	-0.4%
CNC	D	-0.4%
AKAM	D	-0.4%
PAG	D	-0.39%
MTCH	C	-0.39%
JAZZ	D	-0.39%
ARW	C	-0.39%
BILL	D	-0.39%
MUR	F	-0.38%
HUM	F	-0.38%
ST	D	-0.38%
ON	D	-0.38%
DVN	F	-0.37%
SRPT	D	-0.37%
OXY	F	-0.37%
KBR	D	-0.37%
MOS	F	-0.36%
WTM	D	-0.34%
BMRN	F	-0.32%
AGL	F	-0.32%
AZO	D	-0.31%
WOLF	F	--0.28%
BRZE	F	--0.32%
ELF	F	--0.32%
ALLY	F	--0.33%
CNM	F	--0.34%
COIN	F	--0.34%
CELH	F	--0.35%
MPWR	C	--0.35%
ARWR	F	--0.36%
DAR	F	--0.36%
SEDG	F	--0.36%
MU	F	--0.37%
RMBS	F	--0.37%
MRNA	F	--0.37%
MTDR	F	--0.37%
RIVN	F	--0.38%
CHX	F	--0.38%
RIG	F	--0.38%
GNRC	D	--0.38%
POWI	F	--0.38%
ZS	F	--0.38%
THO	D	--0.39%
KMX	D	--0.39%
CC	F	--0.39%
RUN	C	--0.39%
PEN	D	--0.39%
XPO	D	--0.39%
EL	F	--0.39%
AMKR	F	--0.39%
ENPH	D	--0.39%
PINS	F	--0.39%
MKSI	F	--0.39%
CNXC	F	--0.39%
CAR	F	--0.39%
ZION	D	--0.4%
RGEN	F	--0.4%
WBA	F	--0.4%
ELAN	D	--0.4%
TXG	D	--0.4%
FCX	D	--0.4%
WMS	D	--0.4%
COHR	C	--0.4%
GTLS	F	--0.4%
DINO	F	--0.4%
NTLA	F	--0.4%
PTON	C	--0.41%
OZK	D	--0.41%
NET	D	--0.41%
USB	B	--0.41%
ILMN	C	--0.41%
COTY	F	--0.41%
GH	D	--0.41%
TROW	D	--0.41%
CVNA	B	--0.41%
TGT	C	--0.41%
RF	B	--0.41%
GME	F	--0.41%
PATH	D	--0.41%
F	F	--0.41%
PNFP	B	--0.41%
KSS	F	--0.41%
APG	D	--0.41%
MGM	F	--0.41%
EXPE	C	--0.41%
PWR	B	--0.41%
AR	F	--0.42%
SCHW	D	--0.42%
PLD	C	--0.42%
WCC	D	--0.42%
AMD	D	--0.42%
EFX	B	--0.42%
RKT	C	--0.42%
OPEN	D	--0.42%
JHG	B	--0.42%
NVCR	D	--0.42%
SMG	C	--0.42%
EW	F	--0.42%
RRC	D	--0.42%
UBER	C	--0.42%
AXTA	B	--0.42%
SSD	D	--0.42%
SNV	C	--0.42%
SQ	D	--0.42%
CRSP	F	--0.42%
PYPL	B	--0.42%
LITE	B	--0.42%
UGI	C	--0.42%
SEE	D	--0.42%
JLL	B	--0.43%
AGNC	B	--0.43%
WAL	B	--0.43%
OWL	C	--0.43%
EQT	D	--0.43%
LPX	B	--0.43%
DAY	D	--0.43%
CWEN	C	--0.43%
FOUR	C	--0.43%
TTD	B	--0.43%
DASH	C	--0.43%
CG	D	--0.43%
SNAP	F	--0.43%
NTRS	A	--0.43%
TREX	D	--0.43%
PFGC	B	--0.43%
ALB	D	--0.43%
CRWD	D	--0.43%
CSGP	D	--0.43%
CRL	F	--0.43%
AA	D	--0.43%
HHH	C	--0.43%
LYFT	D	--0.43%
AWK	B	--0.44%
VST	C	--0.44%
NWE	B	--0.44%
RYN	C	--0.44%
USFD	B	--0.44%
TRU	B	--0.44%
D	C	--0.44%
CCL	C	--0.44%
RBLX	B	--0.44%
INTC	F	--0.44%
FND	C	--0.44%
TFX	C	--0.44%
KKR	B	--0.44%
PENN	D	--0.44%
CBRE	A	--0.44%
HOOD	C	--0.44%
CZR	C	--0.44%
SOFI	C	--0.44%
CMA	B	--0.44%
CEG	C	--0.44%
TOST	C	--0.45%
LYV	B	--0.45%
VEEV	C	--0.45%
CARR	B	--0.45%
SHW	B	--0.45%
NTRA	C	--0.45%
ROKU	C	--0.45%
RMD	C	--0.45%
ALGN	D	--0.45%
MRVL	C	--0.45%
BLK	B	--0.45%
AES	C	--0.46%
VNO	B	--0.46%
BXP	B	--0.46%
BX	B	--0.46%
Z	B	--0.46%
AXON	B	--0.46%
ARE	C	--0.46%
VRT	C	--0.46%
DKNG	C	--0.46%
IOT	B	--0.47%
W	D	--0.47%
DUOL	B	--0.47%
TDOC	D	--0.48%
TPG	B	--0.48%
SAIA	D	--0.48%
SHLS	D	--0.5%
PLTR	B	--0.5%
DNLI	C	--0.51%
PODD	B	--0.51%
RH	B	--0.52%
FYBR	C	--0.52%
MDB	D	--0.52%
AFRM	C	--0.57%