FLQL vs. SSPY ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Syntax Stratified LargeCap ETF (SSPY)

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

$59.18

Average Daily Volume

80,816

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$80.03

Average Daily Volume

2,512

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	SSPY
30 Days	0.24%	0.06%
60 Days	2.74%	0.50%
90 Days	3.77%	1.86%
12 Months	29.96%	21.12%

136 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in SSPY	Overlap
AAPL	C	6.72%	0.5%	0.5%
ABBV	F	1.36%	0.24%	0.24%
ACGL	D	0.26%	0.14%	0.14%
ADI	D	0.33%	0.22%	0.22%
AFL	C	0.22%	0.2%	0.2%
AMAT	F	1.03%	0.18%	0.18%
AMCR	D	0.08%	0.13%	0.08%
AMGN	D	1.19%	0.24%	0.24%
AMZN	B	2.93%	0.22%	0.22%
ANET	C	0.8%	0.21%	0.21%
APA	F	0.07%	0.07%	0.07%
APH	B	0.62%	0.19%	0.19%
AVB	B	0.1%	0.1%	0.1%
AVGO	C	1.87%	0.23%	0.23%
BBY	D	0.11%	0.17%	0.11%
BKNG	A	1.16%	0.11%	0.11%
BRK.A	A	1.07%	0.5%	0.5%
BSX	A	0.8%	0.06%	0.06%
C	B	0.96%	0.13%	0.13%
CAT	C	1.28%	0.14%	0.14%
CB	C	0.53%	0.14%	0.14%
CF	A	0.11%	0.09%	0.09%
CFG	B	0.13%	0.06%	0.06%
CHRW	B	0.1%	0.09%	0.09%
CI	D	0.58%	0.19%	0.19%
CL	D	0.5%	0.41%	0.41%
CMG	C	0.56%	0.5%	0.5%
CMI	A	0.25%	0.08%	0.08%
COST	A	1.68%	0.71%	0.71%
CTAS	B	0.47%	0.18%	0.18%
CTSH	C	0.25%	0.13%	0.13%
DAL	A	0.19%	0.28%	0.19%
DECK	B	0.22%	0.3%	0.22%
DELL	B	0.19%	0.17%	0.17%
DGX	A	0.1%	0.16%	0.1%
DHI	D	0.37%	0.24%	0.24%
DPZ	C	0.11%	0.52%	0.11%
DVA	C	0.1%	0.11%	0.1%
DVN	F	0.08%	0.16%	0.08%
EBAY	D	0.17%	0.22%	0.17%
ELV	F	0.29%	0.24%	0.24%
EMN	D	0.1%	0.05%	0.05%
ESS	A	0.11%	0.1%	0.1%
ETR	A	0.15%	0.25%	0.15%
EXR	C	0.1%	0.11%	0.1%
FANG	D	0.19%	0.07%	0.07%
FAST	B	0.34%	0.13%	0.13%
FICO	A	0.17%	0.05%	0.05%
FOX	A	0.1%	0.1%	0.1%
FOXA	B	0.1%	0.1%	0.1%
GD	D	0.42%	0.16%	0.16%
GLW	B	0.2%	0.19%	0.19%
GM	B	0.35%	0.25%	0.25%
GOOG	B	1.74%	0.23%	0.23%
GOOGL	B	2.05%	0.23%	0.23%
GRMN	B	0.25%	0.33%	0.25%
GS	B	0.6%	0.25%	0.25%
GWW	B	0.38%	0.12%	0.12%
HCA	F	0.51%	0.33%	0.33%
HIG	B	0.19%	0.14%	0.14%
HLT	A	0.32%	0.12%	0.12%
HPE	B	0.21%	0.19%	0.19%
HPQ	B	0.28%	0.35%	0.28%
HWM	A	0.24%	0.08%	0.08%
IBM	C	1.31%	0.34%	0.34%
IP	A	0.13%	0.06%	0.06%
IRM	C	0.18%	0.06%	0.06%
ISRG	A	1.28%	0.12%	0.12%
JNJ	D	1.51%	0.24%	0.24%
JNPR	D	0.09%	0.2%	0.09%
JPM	A	1.18%	0.13%	0.13%
K	B	0.1%	0.18%	0.1%
KLAC	F	0.71%	0.17%	0.17%
KMB	C	0.14%	0.42%	0.14%
LDOS	C	0.21%	0.13%	0.13%
LEN	D	0.3%	0.25%	0.25%
LEN	D	0.09%	0.25%	0.09%
LLY	F	1.46%	0.23%	0.23%
LMT	D	0.42%	0.09%	0.09%
LYB	F	0.16%	0.07%	0.07%
MA	B	1.78%	0.04%	0.04%
MAS	D	0.12%	0.19%	0.12%
MCHP	F	0.24%	0.14%	0.14%
MCO	D	0.56%	0.04%	0.04%
META	C	2.55%	0.47%	0.47%
MO	A	0.79%	0.35%	0.35%
MPWR	F	0.1%	0.22%	0.1%
MRK	F	1.23%	0.24%	0.24%
MSFT	D	5.85%	0.32%	0.32%
MSI	B	0.58%	0.49%	0.49%
NRG	B	0.12%	0.33%	0.12%
NTAP	C	0.21%	0.17%	0.17%
NVDA	A	6.79%	0.13%	0.13%
NVR	D	0.2%	0.26%	0.2%
O	C	0.15%	0.07%	0.07%
OMC	C	0.1%	0.34%	0.1%
ORCL	A	0.88%	0.34%	0.34%
PCAR	B	0.45%	0.13%	0.13%
PEG	C	0.21%	0.26%	0.21%
PH	B	0.52%	0.08%	0.08%
PHM	D	0.22%	0.25%	0.22%
PKG	B	0.14%	0.06%	0.06%
PM	A	0.66%	0.35%	0.35%
PSA	C	0.36%	0.11%	0.11%
QCOM	F	1.21%	0.22%	0.22%
RCL	A	0.17%	0.09%	0.09%
REGN	F	0.63%	0.22%	0.22%
RL	C	0.12%	0.32%	0.12%
RMD	C	0.13%	0.09%	0.09%
ROL	B	0.1%	0.18%	0.1%
RSG	A	0.3%	0.18%	0.18%
RTX	D	0.51%	0.08%	0.08%
SO	C	0.28%	0.08%	0.08%
SPG	A	0.45%	0.07%	0.07%
STLD	B	0.17%	0.27%	0.17%
SWKS	F	0.1%	0.21%	0.1%
SYF	B	0.21%	0.69%	0.21%
SYK	A	0.89%	0.12%	0.12%
T	A	1.01%	0.33%	0.33%
TER	F	0.09%	0.17%	0.09%
TJX	A	0.92%	0.72%	0.72%
TMUS	B	0.58%	0.33%	0.33%
TSCO	D	0.15%	0.12%	0.12%
TSLA	A	1.14%	0.28%	0.28%
TT	A	0.65%	0.07%	0.07%
TXN	C	1.27%	0.23%	0.23%
UHS	D	0.1%	0.32%	0.1%
UNH	C	0.54%	0.26%	0.26%
URI	B	0.39%	0.14%	0.14%
VICI	C	0.1%	0.06%	0.06%
VRTX	D	0.97%	0.23%	0.23%
VZ	C	1.16%	0.33%	0.33%
WAB	B	0.17%	0.13%	0.13%
WM	B	0.67%	0.18%	0.18%
WMT	A	1.64%	0.73%	0.73%
XOM	B	0.62%	0.77%	0.62%

FLQL Overweight 74 Positions Relative to SSPY

Symbol	Grade	Weight
LRCX	F	0.7%
APP	A	0.4%
SPOT	A	0.18%
LII	B	0.15%
WSM	D	0.15%
CSL	C	0.15%
TPL	A	0.15%
EVR	B	0.13%
TOL	B	0.13%
CW	B	0.12%
JEF	A	0.12%
AWI	B	0.12%
DTM	A	0.12%
UTHR	C	0.12%
EME	A	0.12%
AYI	B	0.12%
THC	C	0.12%
OC	A	0.12%
ALSN	B	0.12%
FIX	A	0.12%
WSO	A	0.12%
CUZ	B	0.11%
RGA	B	0.11%
LNC	B	0.11%
EHC	B	0.11%
BJ	B	0.11%
PPC	B	0.11%
KRC	C	0.11%
CASY	A	0.11%
INGR	B	0.11%
TXRH	B	0.11%
R	B	0.11%
G	B	0.11%
LOPE	B	0.11%
CACI	C	0.11%
JHG	B	0.11%
TNL	B	0.11%
AVT	C	0.1%
MEDP	D	0.1%
NFG	A	0.1%
SCCO	F	0.1%
HIW	D	0.1%
ADC	A	0.1%
DKS	D	0.1%
OHI	C	0.1%
LAMR	D	0.1%
AXS	A	0.1%
RGLD	C	0.1%
KEX	B	0.1%
MUSA	A	0.1%
CLH	C	0.1%
NNN	C	0.09%
GLPI	C	0.09%
CHE	F	0.09%
EPR	D	0.09%
UGI	C	0.09%
HRB	D	0.09%
MTG	D	0.09%
NEU	D	0.09%
M	D	0.09%
GPK	D	0.09%
PK	D	0.09%
GAP	D	0.09%
SNX	D	0.09%
SSNC	C	0.09%
CRI	F	0.08%
WING	D	0.08%
COKE	C	0.08%
CIVI	D	0.08%
WU	F	0.08%
MDU	D	0.07%
CROX	F	0.07%
OGN	F	0.07%
CRUS	F	0.07%

FLQL Underweight 365 Positions Relative to SSPY

Symbol	Grade	Weight
CVX	A	-0.76%
SYY	D	-0.75%
KR	B	-0.74%
ROST	D	-0.72%
COF	B	-0.7%
CVS	F	-0.69%
DFS	B	-0.69%
WBA	F	-0.64%
CMCSA	B	-0.52%
PSX	C	-0.51%
DRI	C	-0.51%
YUM	D	-0.51%
VLO	C	-0.5%
EL	F	-0.5%
MCD	D	-0.5%
EA	A	-0.49%
MPC	D	-0.49%
TTWO	A	-0.49%
L	A	-0.49%
SBUX	A	-0.48%
CHTR	B	-0.47%
MTCH	F	-0.47%
KVUE	A	-0.42%
PG	C	-0.42%
BWA	D	-0.42%
CHD	A	-0.42%
VST	A	-0.41%
CLX	A	-0.41%
APTV	F	-0.4%
J	D	-0.4%
PWR	A	-0.4%
JBL	C	-0.38%
CEG	C	-0.38%
ADM	D	-0.37%
BG	D	-0.37%
TSN	B	-0.36%
HRL	D	-0.36%
SLB	C	-0.35%
BKR	B	-0.35%
CRM	B	-0.35%
IPG	F	-0.34%
HAL	C	-0.34%
SNPS	C	-0.34%
ATO	A	-0.33%
TPR	A	-0.33%
NI	A	-0.33%
NKE	F	-0.33%
CDNS	B	-0.33%
AES	F	-0.32%
AWK	C	-0.32%
LULU	C	-0.31%
FCX	F	-0.3%
EXC	C	-0.3%
UAL	A	-0.28%
SWK	F	-0.27%
GDDY	A	-0.27%
EQIX	A	-0.27%
AKAM	F	-0.27%
VRSN	F	-0.27%
CNP	A	-0.26%
HUBB	B	-0.26%
ENPH	F	-0.26%
NUE	D	-0.26%
LOW	C	-0.26%
HAS	D	-0.26%
CNC	F	-0.26%
HD	A	-0.26%
MS	A	-0.26%
HUM	D	-0.26%
DLR	A	-0.26%
ETN	B	-0.26%
WMB	A	-0.25%
NEM	D	-0.25%
KO	D	-0.25%
DTE	C	-0.25%
F	C	-0.25%
GILD	B	-0.25%
CTLT	D	-0.25%
MOH	F	-0.25%
EIX	C	-0.25%
STZ	D	-0.25%
ZTS	D	-0.25%
SNA	B	-0.25%
LUV	B	-0.25%
KMI	A	-0.25%
MNST	C	-0.25%
TAP	B	-0.25%
INCY	C	-0.25%
RJF	A	-0.25%
BMY	A	-0.25%
SCHW	A	-0.25%
MRNA	F	-0.24%
AEP	C	-0.24%
D	C	-0.24%
TRGP	A	-0.24%
OKE	A	-0.24%
FE	D	-0.24%
VTRS	A	-0.24%
ED	C	-0.24%
PFE	F	-0.24%
KDP	D	-0.24%
BIIB	F	-0.24%
NEE	C	-0.24%
PLTR	B	-0.23%
CPRT	B	-0.23%
ON	F	-0.23%
NXPI	F	-0.23%
PAYC	B	-0.22%
TYL	B	-0.22%
NFLX	A	-0.22%
LW	C	-0.22%
DAY	B	-0.22%
NOW	B	-0.22%
FFIV	B	-0.21%
KEYS	C	-0.21%
DIS	B	-0.21%
PFG	C	-0.21%
AOS	F	-0.21%
CSCO	B	-0.21%
MKC	D	-0.21%
KHC	F	-0.21%
QRVO	F	-0.21%
SJM	D	-0.21%
GIS	F	-0.21%
MET	A	-0.21%
CAG	F	-0.21%
PAYX	B	-0.21%
ADP	B	-0.21%
ALL	A	-0.2%
GL	C	-0.2%
AIG	C	-0.2%
IEX	B	-0.2%
IR	B	-0.2%
PARA	D	-0.2%
CPB	D	-0.2%
PRU	B	-0.2%
INTU	B	-0.2%
AIZ	A	-0.2%
ERIE	F	-0.2%
HSIC	C	-0.2%
FSLR	D	-0.2%
MHK	D	-0.19%
XYL	D	-0.19%
CAH	B	-0.19%
TEL	C	-0.19%
PGR	B	-0.19%
WBD	B	-0.19%
PNR	B	-0.19%
BLDR	D	-0.19%
BBWI	C	-0.19%
PEP	F	-0.18%
HSY	F	-0.18%
CRWD	B	-0.18%
GEV	A	-0.18%
EQT	A	-0.18%
MDLZ	F	-0.18%
MCK	A	-0.18%
COR	B	-0.18%
HON	A	-0.17%
TGT	B	-0.17%
ADSK	B	-0.17%
MMM	D	-0.17%
ANSS	B	-0.17%
DG	F	-0.17%
FTNT	B	-0.17%
DOV	B	-0.17%
GEN	B	-0.17%
ITW	B	-0.17%
WY	D	-0.17%
CTRA	B	-0.17%
GE	D	-0.17%
MLM	B	-0.17%
DLTR	F	-0.17%
PTC	B	-0.17%
VMC	B	-0.17%
STX	D	-0.17%
ULTA	F	-0.17%
WDC	F	-0.17%
INTC	C	-0.16%
PANW	B	-0.16%
ADBE	D	-0.16%
BA	D	-0.16%
LH	B	-0.16%
TXT	D	-0.16%
TECH	F	-0.15%
SMCI	F	-0.15%
A	F	-0.15%
GPC	F	-0.15%
WAT	C	-0.15%
MTD	F	-0.15%
MU	D	-0.15%
WRB	B	-0.14%
AZO	C	-0.14%
IQV	F	-0.14%
TMO	F	-0.14%
TRV	A	-0.14%
CINF	A	-0.14%
ORLY	B	-0.14%
CRL	D	-0.14%
AMD	F	-0.14%
KMX	D	-0.14%
EG	D	-0.14%
LKQ	F	-0.14%
BALL	D	-0.13%
CDW	F	-0.13%
AME	A	-0.13%
POOL	D	-0.13%
DE	C	-0.13%
ACN	C	-0.13%
EPAM	C	-0.13%
WFC	A	-0.13%
ZBRA	B	-0.13%
IT	C	-0.13%
STT	B	-0.12%
MAR	B	-0.12%
ABNB	D	-0.12%
STE	D	-0.12%
EXPE	B	-0.12%
ZBH	C	-0.12%
BAC	A	-0.12%
ARE	F	-0.11%
VTR	A	-0.11%
WELL	A	-0.11%
CPT	C	-0.11%
BR	B	-0.11%
DOC	D	-0.11%
BXP	D	-0.11%
HST	D	-0.11%
UBER	F	-0.11%
BK	B	-0.11%
DXCM	C	-0.1%
PODD	B	-0.1%
HOLX	D	-0.1%
DHR	D	-0.1%
NWSA	B	-0.1%
IDXX	F	-0.1%
NWS	B	-0.1%
RVTY	D	-0.1%
ALGN	D	-0.1%
MAA	A	-0.1%
INVH	D	-0.1%
GEHC	D	-0.1%
EQR	C	-0.1%
UDR	D	-0.1%
TROW	B	-0.09%
FMC	D	-0.09%
BEN	C	-0.09%
NOC	D	-0.09%
UPS	C	-0.09%
EXPD	D	-0.09%
AXON	A	-0.09%
CCL	A	-0.09%
KKR	A	-0.09%
NCLH	B	-0.09%
LYV	A	-0.09%
IVZ	C	-0.09%
ALLE	D	-0.08%
CMS	C	-0.08%
PCG	A	-0.08%
SRE	A	-0.08%
XEL	A	-0.08%
PPL	A	-0.08%
EVRG	A	-0.08%
LNT	A	-0.08%
AEE	A	-0.08%
CARR	D	-0.08%
TDG	D	-0.08%
JCI	B	-0.08%
UNP	D	-0.08%
NSC	B	-0.08%
OTIS	C	-0.08%
GNRC	B	-0.08%
WYNN	D	-0.08%
ODFL	B	-0.08%
HII	F	-0.08%
BX	A	-0.08%
NTRS	A	-0.08%
BLK	B	-0.08%
LHX	B	-0.08%
LVS	C	-0.08%
AMP	A	-0.08%
MOS	D	-0.08%
JBHT	C	-0.08%
CSX	C	-0.08%
CTVA	C	-0.08%
SW	A	-0.07%
PPG	F	-0.07%
OXY	F	-0.07%
CZR	F	-0.07%
COP	B	-0.07%
MRO	A	-0.07%
MGM	D	-0.07%
EOG	A	-0.07%
DOW	F	-0.07%
HES	B	-0.07%
PNW	B	-0.07%
FDX	B	-0.07%
WEC	A	-0.07%
CE	F	-0.07%
ES	C	-0.07%
DUK	C	-0.07%
TFC	A	-0.06%
HBAN	B	-0.06%
FI	A	-0.06%
USB	B	-0.06%
FITB	B	-0.06%
PNC	B	-0.06%
KEY	B	-0.06%
RF	A	-0.06%
MTB	A	-0.06%
EW	C	-0.06%
ABT	A	-0.06%
MDT	D	-0.06%
AVY	D	-0.06%
PYPL	B	-0.06%
REG	A	-0.06%
KIM	A	-0.06%
PLD	D	-0.06%
AMT	D	-0.06%
FRT	B	-0.06%
SHW	C	-0.06%
SBAC	D	-0.06%
CCI	C	-0.06%
IFF	D	-0.05%
ECL	D	-0.05%
SOLV	F	-0.05%
BAX	F	-0.05%
APD	A	-0.05%
BDX	F	-0.05%
TFX	F	-0.05%
WST	D	-0.05%
DD	D	-0.05%
ALB	B	-0.05%
JKHY	D	-0.05%
FIS	C	-0.05%
AON	B	-0.04%
MMC	D	-0.04%
BRO	B	-0.04%
EFX	F	-0.04%
CBRE	B	-0.04%
CSGP	F	-0.04%
VRSK	B	-0.04%
SPGI	D	-0.04%
GPN	C	-0.04%
FDS	B	-0.04%
CBOE	C	-0.04%
MSCI	A	-0.04%
ICE	C	-0.04%
V	A	-0.04%
NDAQ	A	-0.04%
CPAY	A	-0.04%
AXP	B	-0.04%
MKTX	D	-0.04%
CME	A	-0.04%
LIN	D	-0.04%
ROP	C	-0.03%
VLTO	C	-0.03%
ROK	B	-0.03%
NDSN	D	-0.03%
TDY	B	-0.03%
EMR	A	-0.03%
TRMB	B	-0.03%
FTV	D	-0.03%
AJG	B	-0.03%
WTW	B	-0.03%