FLQM vs. CLSE ETF Comparison
Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to Convergence Long/Short Equity ETF (CLSE)
FLQM
Franklin LibertyQ U.S. Mid Cap Equity ETF
FLQM Description
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index (the U.S. Mid Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap underlying index. The U.S. Mid Cap underlying index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.
Grade (RS Rating)
Last Trade
$54.74
Average Daily Volume
135,920
Number of Holdings
*
198
* may have additional holdings in another (foreign) market
CLSE
Convergence Long/Short Equity ETF
CLSE Description
The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.Grade (RS Rating)
Last Trade
$21.68
Average Daily Volume
54,531
Number of Holdings
*
326
* may have additional holdings in another (foreign) market
Performance
| Period | FLQM | CLSE |
|---|---|---|
| 30 Days | 1.88% | 0.37% |
| 60 Days | 3.89% | 3.39% |
| 90 Days | 5.94% | 0.46% |
| 12 Months | 26.27% | 34.65% |
39 Overlapping Holdings
| Symbol | Grade | Weight in FLQM | Weight in CLSE | Overlap | |
|---|---|---|---|---|---|
| ALSN | B | 0.36% | 0.32% | 0.32% | |
| AMG | C | 0.24% | 0.98% | 0.24% | |
| AVT | D | 0.12% | 0.88% | 0.12% | |
| BC | C | 0.2% | -0.13% | -0.13% | |
| CHRW | B | 0.45% | 0.66% | 0.45% | |
| CINF | B | 0.86% | -0.2% | -0.2% | |
| CNA | C | 0.05% | 0.49% | 0.05% | |
| COLB | B | 0.1% | -0.2% | -0.2% | |
| DVA | B | 0.23% | 0.82% | 0.23% | |
| DVN | F | 0.82% | 0.35% | 0.35% | |
| EXPE | C | 0.29% | 0.53% | 0.29% | |
| GDDY | C | 0.78% | 1.58% | 0.78% | |
| GRMN | D | 1.08% | 0.35% | 0.35% | |
| HPE | D | 0.81% | 1.52% | 0.81% | |
| HRB | C | 0.4% | 0.53% | 0.4% | |
| HSY | C | 0.66% | -0.28% | -0.28% | |
| JHG | B | 0.18% | 0.92% | 0.18% | |
| KNSL | C | 0.37% | -0.18% | -0.18% | |
| KR | B | 0.96% | 0.17% | 0.17% | |
| LAMR | A | 0.19% | 0.41% | 0.19% | |
| LDOS | C | 0.38% | 0.38% | 0.38% | |
| LKQ | D | 0.4% | -0.2% | -0.2% | |
| LW | D | 0.3% | -0.29% | -0.29% | |
| MUSA | C | 0.38% | 0.59% | 0.38% | |
| NTAP | D | 0.92% | 1.64% | 0.92% | |
| NVR | B | 0.86% | 0.3% | 0.3% | |
| OGN | D | 0.24% | 0.92% | 0.24% | |
| POOL | C | 0.51% | -0.54% | -0.54% | |
| RF | B | 0.75% | 0.69% | 0.69% | |
| SEIC | B | 0.32% | 0.81% | 0.32% | |
| STAG | C | 0.23% | 0.33% | 0.23% | |
| SYF | C | 0.88% | 0.86% | 0.86% | |
| THC | B | 0.63% | 0.85% | 0.63% | |
| TOL | B | 0.38% | 0.34% | 0.34% | |
| UHS | B | 0.59% | 0.87% | 0.59% | |
| VFC | C | 0.22% | -0.12% | -0.12% | |
| VTRS | C | 0.51% | 0.31% | 0.31% | |
| WAT | C | 0.93% | -0.25% | -0.25% | |
| WBA | F | 0.18% | -0.22% | -0.22% |
FLQM Overweight 159 Positions Relative to CLSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| FICO | A | 1.34% | |
| DHI | B | 1.23% | |
| RMD | C | 1.17% | |
| IT | B | 1.15% | |
| AVB | B | 1.13% | |
| HIG | A | 1.1% | |
| ALL | A | 1.09% | |
| MSCI | C | 1.09% | |
| PAYX | C | 1.07% | |
| PHM | B | 1.07% | |
| EA | D | 1.06% | |
| ODFL | C | 1.05% | |
| GWW | B | 1.02% | |
| BBY | B | 1.0% | |
| FAST | C | 1.0% | |
| BAH | B | 0.97% | |
| AWK | A | 0.97% | |
| MTD | D | 0.96% | |
| DOV | B | 0.95% | |
| EBAY | B | 0.94% | |
| IDXX | C | 0.94% | |
| YUM | D | 0.94% | |
| SYY | D | 0.94% | |
| TSCO | C | 0.93% | |
| CDW | D | 0.93% | |
| HPQ | D | 0.91% | |
| OTIS | D | 0.9% | |
| CHD | C | 0.9% | |
| LYB | F | 0.87% | |
| FANG | D | 0.87% | |
| WSM | C | 0.85% | |
| BLDR | C | 0.84% | |
| LNG | D | 0.84% | |
| OMC | A | 0.82% | |
| ULTA | D | 0.8% | |
| DAL | C | 0.8% | |
| LII | B | 0.79% | |
| DECK | C | 0.79% | |
| CLX | C | 0.79% | |
| MANH | B | 0.77% | |
| GPC | D | 0.75% | |
| ACGL | B | 0.74% | |
| EXPD | B | 0.73% | |
| VRSN | D | 0.72% | |
| CMI | C | 0.72% | |
| AVY | D | 0.72% | |
| VRSK | D | 0.71% | |
| TROW | D | 0.69% | |
| TER | D | 0.68% | |
| RS | D | 0.65% | |
| STLD | D | 0.64% | |
| EG | B | 0.64% | |
| UTHR | C | 0.64% | |
| MAS | B | 0.63% | |
| SNA | B | 0.62% | |
| TPL | C | 0.62% | |
| WSO | C | 0.61% | |
| CF | B | 0.58% | |
| ROL | C | 0.58% | |
| NBIX | F | 0.56% | |
| RPM | B | 0.55% | |
| VLTO | C | 0.55% | |
| INCY | C | 0.53% | |
| DKS | D | 0.53% | |
| CASY | D | 0.5% | |
| NDSN | C | 0.5% | |
| GGG | C | 0.5% | |
| TPR | C | 0.47% | |
| EHC | B | 0.47% | |
| CPT | B | 0.47% | |
| JNPR | A | 0.47% | |
| RPRX | C | 0.46% | |
| ELS | C | 0.46% | |
| ALLE | B | 0.46% | |
| TXRH | D | 0.45% | |
| BJ | D | 0.44% | |
| FFIV | A | 0.44% | |
| OVV | D | 0.43% | |
| GL | C | 0.42% | |
| ALLY | F | 0.41% | |
| LECO | F | 0.41% | |
| CW | B | 0.41% | |
| K | A | 0.39% | |
| UNM | B | 0.38% | |
| JBL | D | 0.38% | |
| BXP | B | 0.37% | |
| DOX | C | 0.37% | |
| ACI | F | 0.36% | |
| TPX | C | 0.36% | |
| SKX | C | 0.35% | |
| DCI | D | 0.35% | |
| SAIA | D | 0.35% | |
| NNN | B | 0.34% | |
| WING | B | 0.34% | |
| MTG | B | 0.34% | |
| APA | F | 0.33% | |
| DG | F | 0.33% | |
| TTC | D | 0.32% | |
| PAYC | D | 0.32% | |
| UAL | B | 0.31% | |
| RL | B | 0.3% | |
| CACI | B | 0.3% | |
| CHE | C | 0.3% | |
| ORI | A | 0.3% | |
| ACHC | C | 0.28% | |
| G | C | 0.27% | |
| EGP | B | 0.27% | |
| CROX | C | 0.26% | |
| WPC | B | 0.26% | |
| DINO | D | 0.26% | |
| RHI | D | 0.26% | |
| LSTR | D | 0.25% | |
| PB | B | 0.25% | |
| CRUS | D | 0.24% | |
| BBWI | F | 0.24% | |
| WU | D | 0.23% | |
| VNT | D | 0.22% | |
| R | B | 0.22% | |
| FLO | C | 0.21% | |
| SON | C | 0.21% | |
| AN | D | 0.21% | |
| AM | B | 0.21% | |
| NFG | B | 0.2% | |
| SEE | D | 0.2% | |
| M | F | 0.18% | |
| PII | D | 0.18% | |
| CHRD | F | 0.17% | |
| FOXA | B | 0.17% | |
| SOLV | C | 0.17% | |
| OMF | C | 0.17% | |
| MSM | D | 0.17% | |
| DLB | D | 0.16% | |
| HIW | B | 0.15% | |
| AGO | C | 0.15% | |
| COKE | C | 0.15% | |
| CHH | C | 0.14% | |
| AYI | B | 0.14% | |
| DTM | B | 0.14% | |
| KRC | B | 0.13% | |
| NEU | D | 0.13% | |
| MAN | C | 0.13% | |
| LOPE | D | 0.13% | |
| PAG | D | 0.12% | |
| CIVI | F | 0.11% | |
| IVZ | C | 0.11% | |
| COLM | B | 0.11% | |
| CRI | C | 0.11% | |
| AWI | B | 0.1% | |
| JWN | B | 0.1% | |
| APPF | D | 0.09% | |
| CUZ | B | 0.08% | |
| KSS | F | 0.08% | |
| GAP | F | 0.07% | |
| SNDR | B | 0.06% | |
| WEN | C | 0.06% | |
| CNXC | D | 0.06% | |
| DDS | D | 0.03% | |
| SIRI | C | 0.03% | |
| PLTK | C | 0.02% |
FLQM Underweight 287 Positions Relative to CLSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | D | -4.12% | |
| META | A | -3.15% | |
| GOOGL | D | -2.93% | |
| QCOM | D | -2.58% | |
| AVGO | C | -2.58% | |
| AMZN | C | -2.5% | |
| AAPL | D | -2.26% | |
| WMT | B | -2.07% | |
| APP | B | -2.04% | |
| ANET | B | -1.86% | |
| IBM | B | -1.7% | |
| CVLT | B | -1.64% | |
| CVNA | B | -1.53% | |
| GOOG | D | -1.22% | |
| ORCL | B | -1.22% | |
| DOCU | C | -1.21% | |
| HD | B | -1.17% | |
| ACIW | B | -1.12% | |
| MSFT | C | -1.12% | |
| ABBV | C | -1.04% | |
| T | B | -1.03% | |
| HALO | B | -1.03% | |
| MU | F | -1.02% | |
| GILD | B | -0.98% | |
| PYPL | B | -0.98% | |
| JNJ | B | -0.96% | |
| SNEX | C | -0.95% | |
| NTRS | B | -0.91% | |
| AMRX | B | -0.85% | |
| NTNX | C | -0.84% | |
| EME | B | -0.81% | |
| PG | C | -0.81% | |
| MO | C | -0.81% | |
| BAC | D | -0.81% | |
| VLO | D | -0.79% | |
| JPM | D | -0.77% | |
| MLI | B | -0.75% | |
| FTDR | B | -0.75% | |
| MPC | D | -0.74% | |
| CNC | C | -0.73% | |
| BG | D | -0.72% | |
| PPC | D | -0.72% | |
| JXN | B | -0.72% | |
| MCK | F | -0.71% | |
| UMBF | B | -0.71% | |
| IDCC | B | -0.7% | |
| IIPR | B | -0.65% | |
| IESC | C | -0.63% | |
| OSCR | B | -0.63% | |
| GVA | B | -0.63% | |
| NEM | B | -0.62% | |
| FITB | B | -0.61% | |
| CAH | C | -0.61% | |
| STRL | B | -0.6% | |
| VRT | C | -0.59% | |
| TSLA | C | -0.59% | |
| XOM | D | -0.58% | |
| CFG | D | -0.57% | |
| TSN | C | -0.57% | |
| UNP | B | -0.57% | |
| PATK | B | -0.55% | |
| WFC | D | -0.55% | |
| AMGN | B | -0.55% | |
| PNW | B | -0.55% | |
| PGR | A | -0.55% | |
| NEE | B | -0.55% | |
| MTZ | B | -0.54% | |
| LMT | C | -0.54% | |
| GM | B | -0.54% | |
| PRIM | C | -0.54% | |
| AVA | B | -0.54% | |
| MET | A | -0.54% | |
| NRG | C | -0.54% | |
| SLVM | B | -0.53% | |
| MWA | C | -0.53% | |
| RGA | B | -0.53% | |
| VST | C | -0.53% | |
| MRK | D | -0.53% | |
| RTX | C | -0.51% | |
| CVX | D | -0.51% | |
| FDX | C | -0.5% | |
| BMY | C | -0.49% | |
| ADMA | B | -0.49% | |
| NSA | B | -0.48% | |
| KLAC | D | -0.47% | |
| LNTH | C | -0.46% | |
| EEFT | D | -0.45% | |
| EQR | B | -0.44% | |
| RGLD | B | -0.43% | |
| REZI | D | -0.43% | |
| ACT | A | -0.42% | |
| SPG | B | -0.41% | |
| KMB | D | -0.4% | |
| SAIC | C | -0.4% | |
| MRO | D | -0.39% | |
| SCCO | D | -0.39% | |
| FCX | D | -0.38% | |
| J | D | -0.36% | |
| CTRE | B | -0.36% | |
| BCO | B | -0.36% | |
| KNF | B | -0.35% | |
| ABM | D | -0.34% | |
| CAT | C | -0.33% | |
| GLW | B | -0.32% | |
| JLL | B | -0.32% | |
| ANF | D | -0.32% | |
| NFLX | B | -0.31% | |
| SM | D | -0.31% | |
| EXP | B | -0.31% | |
| IBP | C | -0.27% | |
| CPNG | B | -0.26% | |
| BKNG | B | -0.25% | |
| CCL | C | -0.24% | |
| ADUS | B | -0.15% | |
| SPOT | B | -0.13% | |
| ALNY | B | -0.12% | |
| NTRA | B | -0.12% | |
| MHO | B | -0.1% | |
| QQQ | C | -0.0% | |
| JOBY | F | --0.04% | |
| CAR | F | --0.05% | |
| CRNX | C | --0.05% | |
| MRNA | F | --0.06% | |
| COLD | D | --0.08% | |
| ROK | D | --0.08% | |
| ALIT | D | --0.08% | |
| FOXF | F | --0.08% | |
| AES | C | --0.08% | |
| AGL | F | --0.09% | |
| NXST | D | --0.09% | |
| VAC | F | --0.1% | |
| DRVN | C | --0.1% | |
| HGV | D | --0.1% | |
| WOR | F | --0.1% | |
| AWR | B | --0.1% | |
| WTW | B | --0.1% | |
| MCW | F | --0.1% | |
| VMC | D | --0.11% | |
| HHH | C | --0.11% | |
| CC | F | --0.11% | |
| ACVA | B | --0.11% | |
| DRI | C | --0.11% | |
| TXG | D | --0.11% | |
| VAL | F | --0.12% | |
| AAL | D | --0.12% | |
| PGNY | F | --0.12% | |
| AA | D | --0.12% | |
| CGON | C | --0.12% | |
| VSAT | F | --0.14% | |
| PPBI | D | --0.14% | |
| CHK | D | --0.15% | |
| RBLX | B | --0.15% | |
| EXR | B | --0.15% | |
| AESI | C | --0.15% | |
| PYCR | D | --0.15% | |
| CG | C | --0.15% | |
| DAY | D | --0.15% | |
| MTN | D | --0.15% | |
| UHAL | B | --0.16% | |
| CLDX | C | --0.16% | |
| PCH | C | --0.16% | |
| WTRG | D | --0.16% | |
| BIRK | D | --0.16% | |
| KRG | B | --0.16% | |
| ILMN | C | --0.16% | |
| WAL | B | --0.16% | |
| UEC | F | --0.17% | |
| VNO | B | --0.17% | |
| GTLS | F | --0.17% | |
| SJM | C | --0.17% | |
| ENOV | F | --0.18% | |
| XPO | D | --0.18% | |
| HI | F | --0.18% | |
| BE | F | --0.19% | |
| BANC | B | --0.19% | |
| CZR | C | --0.19% | |
| FCNCA | D | --0.19% | |
| WY | C | --0.19% | |
| CNH | C | --0.19% | |
| LAD | C | --0.19% | |
| COTY | F | --0.2% | |
| TMDX | C | --0.2% | |
| EL | F | --0.2% | |
| TFC | D | --0.2% | |
| AVAV | D | --0.2% | |
| WOLF | F | --0.2% | |
| AJG | C | --0.21% | |
| LUV | C | --0.21% | |
| GPOR | C | --0.21% | |
| SOFI | C | --0.21% | |
| BX | B | --0.21% | |
| RNR | B | --0.22% | |
| SHC | B | --0.22% | |
| IRTC | F | --0.22% | |
| CNX | A | --0.22% | |
| DXCM | F | --0.22% | |
| RBA | C | --0.22% | |
| CIEN | C | --0.22% | |
| AEIS | D | --0.23% | |
| TTD | B | --0.23% | |
| WTM | F | --0.23% | |
| SW | B | --0.23% | |
| IPAR | D | --0.23% | |
| XYL | D | --0.23% | |
| DLTR | F | --0.23% | |
| FDS | C | --0.23% | |
| PTEN | F | --0.24% | |
| SUM | C | --0.24% | |
| BIO | C | --0.24% | |
| OKE | B | --0.24% | |
| AGCO | D | --0.24% | |
| MS | D | --0.25% | |
| VSH | D | --0.25% | |
| ALB | F | --0.26% | |
| AL | D | --0.26% | |
| APD | B | --0.26% | |
| SITE | D | --0.26% | |
| FLYW | F | --0.26% | |
| EQT | D | --0.26% | |
| WSC | D | --0.26% | |
| CSCO | B | --0.27% | |
| VVV | D | --0.27% | |
| GT | F | --0.27% | |
| HASI | B | --0.27% | |
| CELH | F | --0.28% | |
| NEOG | C | --0.29% | |
| GMED | D | --0.29% | |
| APLS | F | --0.29% | |
| FIVN | F | --0.3% | |
| MNST | C | --0.31% | |
| O | B | --0.31% | |
| INSP | C | --0.31% | |
| RVMD | C | --0.32% | |
| ENPH | C | --0.32% | |
| PEN | D | --0.32% | |
| REGN | C | --0.32% | |
| FOUR | C | --0.33% | |
| SRE | B | --0.33% | |
| EVTC | D | --0.33% | |
| RGEN | F | --0.33% | |
| EXAS | C | --0.34% | |
| IAC | C | --0.34% | |
| TOST | B | --0.34% | |
| D | C | --0.34% | |
| LPLA | D | --0.35% | |
| MARA | F | --0.35% | |
| ZI | D | --0.36% | |
| ADBE | D | --0.36% | |
| GE | B | --0.36% | |
| LVS | D | --0.36% | |
| ON | D | --0.36% | |
| KLIC | D | --0.36% | |
| LYV | B | --0.36% | |
| AFRM | C | --0.36% | |
| NDAQ | B | --0.36% | |
| WBD | D | --0.38% | |
| RIOT | F | --0.38% | |
| BBIO | D | --0.38% | |
| BA | F | --0.38% | |
| PATH | D | --0.39% | |
| SATS | B | --0.4% | |
| BRZE | F | --0.4% | |
| MKTX | C | --0.4% | |
| RIVN | F | --0.41% | |
| CCOI | C | --0.43% | |
| CGNX | D | --0.43% | |
| FIVE | D | --0.45% | |
| TTWO | D | --0.47% | |
| ZBRA | B | --0.48% | |
| C | D | --0.48% | |
| GLOB | D | --0.48% | |
| GFS | F | --0.48% | |
| LSCC | D | --0.5% | |
| MDB | D | --0.5% | |
| MCHP | D | --0.5% | |
| CFLT | F | --0.5% | |
| BILL | D | --0.5% | |
| DV | F | --0.5% | |
| SMCI | F | --0.55% | |
| RH | B | --0.56% | |
| WDC | D | --0.58% | |
| LBRDK | D | --0.58% | |
| FND | C | --0.59% | |
| U | D | --0.6% | |
| LITE | B | --0.69% | |
| TXN | C | --0.85% | |
| INTC | F | --0.93% |
FLQM: Top Represented Industries & Keywords
Industries:
Specialty Retail
Diversified Industrials
Oil & Gas E&P
Medical Care
Asset Management
Business Services
Information Technology Services
Apparel Manufacturing
Biotechnology
Department Stores
Insurance - Property & Casualty
Residential Construction
Restaurants
Banks - Regional - US
Building Materials
Credit Services
Diagnostics & Research
Footwear & Accessories
Grocery Stores
Industrial Distribution
CLSE: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Semiconductors
Banks - Regional - US
Diagnostics & Research
Software - Infrastructure
Asset Management
Engineering & Construction
Oil & Gas E&P
Capital Markets
Communication Equipment
Diversified Industrials
Drug Manufacturers - Major
Information Technology Services
Internet Content & Information
Building Materials
Business Services
Household & Personal Products
Insurance - Property & Casualty
REIT - Industrial
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