FLQM vs. SSPY ETF Comparison

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

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

$58.02

Average Daily Volume

151,405

Number of Holdings ^*

200

* 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

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	SSPY
30 Days	5.47%	4.23%
60 Days	5.07%	1.79%
90 Days	5.99%	3.72%
12 Months	31.70%	23.81%

95 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in SSPY	Overlap
ACGL	D	0.61%	0.14%	0.14%
ALL	A	1.09%	0.2%	0.2%
ALLE	D	0.45%	0.08%	0.08%
APA	D	0.28%	0.07%	0.07%
AVB	B	1.09%	0.1%	0.1%
AVY	D	0.62%	0.06%	0.06%
AWK	D	0.86%	0.32%	0.32%
BBWI	D	0.26%	0.19%	0.19%
BBY	D	0.85%	0.17%	0.17%
BLDR	D	0.85%	0.19%	0.19%
BXP	D	0.37%	0.11%	0.11%
CDW	F	0.73%	0.13%	0.13%
CF	B	0.61%	0.09%	0.09%
CHD	B	0.89%	0.42%	0.42%
CHRW	C	0.47%	0.09%	0.09%
CINF	A	0.9%	0.14%	0.14%
CLX	B	0.77%	0.41%	0.41%
CMI	A	0.84%	0.08%	0.08%
COR	B	0.75%	0.18%	0.18%
CPT	B	0.44%	0.11%	0.11%
DAL	C	1.1%	0.28%	0.28%
DECK	A	0.89%	0.3%	0.3%
DG	F	0.3%	0.17%	0.17%
DHI	D	1.0%	0.24%	0.24%
DOV	A	1.0%	0.17%	0.17%
DVA	B	0.22%	0.11%	0.11%
DVN	F	0.72%	0.16%	0.16%
EA	A	1.13%	0.49%	0.49%
EBAY	D	0.91%	0.22%	0.22%
EG	C	0.58%	0.14%	0.14%
EXPD	D	0.67%	0.09%	0.09%
EXPE	B	0.38%	0.12%	0.12%
FANG	D	0.84%	0.07%	0.07%
FAST	B	1.14%	0.13%	0.13%
FFIV	B	0.5%	0.21%	0.21%
FICO	B	1.62%	0.05%	0.05%
FOXA	B	0.18%	0.1%	0.1%
GDDY	A	0.89%	0.27%	0.27%
GEN	B	0.57%	0.17%	0.17%
GL	B	0.42%	0.2%	0.2%
GPC	D	0.65%	0.15%	0.15%
GRMN	B	1.17%	0.33%	0.33%
GWW	B	1.16%	0.12%	0.12%
HIG	B	1.05%	0.14%	0.14%
HPE	B	0.93%	0.19%	0.19%
HPQ	B	0.94%	0.35%	0.35%
HSY	F	0.52%	0.18%	0.18%
IDXX	F	0.77%	0.1%	0.1%
INCY	C	0.61%	0.25%	0.25%
IT	C	1.14%	0.13%	0.13%
IVZ	B	0.11%	0.09%	0.09%
JBL	B	0.45%	0.38%	0.38%
JNPR	F	0.42%	0.2%	0.2%
K	A	0.37%	0.18%	0.18%
KR	B	1.02%	0.74%	0.74%
LDOS	C	0.37%	0.13%	0.13%
LKQ	D	0.36%	0.14%	0.14%
LW	C	0.35%	0.22%	0.22%
LYB	F	0.72%	0.07%	0.07%
MAS	D	0.59%	0.19%	0.19%
MSCI	C	1.09%	0.04%	0.04%
MTD	D	0.77%	0.15%	0.15%
NDSN	B	0.49%	0.03%	0.03%
NTAP	C	0.91%	0.17%	0.17%
NVR	D	0.79%	0.26%	0.26%
ODFL	B	1.12%	0.08%	0.08%
OMC	C	0.77%	0.34%	0.34%
OTIS	C	0.93%	0.08%	0.08%
PAYC	B	0.4%	0.22%	0.22%
PAYX	C	1.08%	0.21%	0.21%
PHM	D	0.99%	0.25%	0.25%
POOL	C	0.5%	0.13%	0.13%
RF	A	0.83%	0.06%	0.06%
RL	B	0.34%	0.32%	0.32%
RMD	C	1.06%	0.09%	0.09%
ROL	B	0.55%	0.18%	0.18%
SNA	A	0.76%	0.25%	0.25%
SOLV	C	0.16%	0.05%	0.05%
STLD	B	0.76%	0.27%	0.27%
SYF	B	1.11%	0.69%	0.69%
SYY	B	0.86%	0.75%	0.75%
TER	D	0.54%	0.17%	0.17%
TPR	B	0.6%	0.33%	0.33%
TROW	B	0.74%	0.09%	0.09%
TSCO	D	0.89%	0.12%	0.12%
UAL	A	0.54%	0.28%	0.28%
UHS	D	0.48%	0.32%	0.32%
ULTA	F	0.7%	0.17%	0.17%
VLTO	D	0.49%	0.03%	0.03%
VRSK	A	0.69%	0.04%	0.04%
VRSN	F	0.67%	0.27%	0.27%
VTRS	A	0.57%	0.24%	0.24%
WAT	B	0.94%	0.15%	0.15%
WBA	F	0.17%	0.64%	0.17%
YUM	B	0.89%	0.51%	0.51%

FLQM Overweight 105 Positions Relative to SSPY

Symbol	Grade	Weight
TPL	A	1.04%
LNG	B	0.96%
BAH	F	0.85%
LII	A	0.84%
WSM	B	0.82%
MANH	D	0.76%
RS	B	0.7%
WSO	A	0.67%
UTHR	C	0.62%
RPM	A	0.61%
THC	D	0.59%
GGG	B	0.53%
CASY	A	0.52%
NBIX	C	0.52%
TXRH	C	0.51%
EHC	B	0.49%
UNM	A	0.48%
DKS	C	0.48%
ALSN	B	0.47%
OVV	B	0.46%
BJ	A	0.46%
LECO	B	0.46%
CW	B	0.46%
ELS	C	0.42%
SAIA	B	0.42%
RPRX	D	0.4%
TOL	B	0.39%
TPX	B	0.38%
SEIC	B	0.37%
HRB	D	0.37%
MUSA	A	0.37%
DCI	B	0.36%
ACI	C	0.36%
DOX	D	0.35%
ALLY	C	0.35%
KNSL	B	0.34%
MTG	C	0.32%
ORI	A	0.31%
RHI	B	0.3%
TTC	D	0.3%
SKX	D	0.3%
WING	D	0.29%
G	B	0.29%
CHE	D	0.28%
NNN	D	0.28%
PB	A	0.27%
CACI	D	0.27%
AMG	B	0.25%
R	B	0.25%
VNT	B	0.24%
EGP	F	0.24%
WPC	D	0.23%
DINO	D	0.23%
LSTR	D	0.23%
VFC	C	0.23%
AM	A	0.22%
JHG	A	0.21%
NFG	A	0.2%
AN	C	0.2%
STAG	F	0.2%
SEE	C	0.2%
OMF	A	0.2%
BC	C	0.2%
CROX	D	0.19%
LAMR	D	0.19%
WU	D	0.19%
SON	D	0.18%
DTM	B	0.18%
FLO	D	0.18%
OGN	D	0.17%
CRUS	D	0.17%
AGO	B	0.17%
AYI	B	0.17%
MSM	C	0.17%
M	D	0.17%
CHH	A	0.16%
CHRD	D	0.16%
DLB	B	0.16%
LOPE	B	0.15%
KRC	C	0.14%
HIW	D	0.14%
PII	D	0.14%
COKE	C	0.13%
ACHC	F	0.13%
COLB	A	0.12%
AVT	C	0.12%
COLM	B	0.11%
MAN	D	0.11%
PAG	B	0.11%
AWI	A	0.11%
NEU	C	0.11%
JWN	C	0.1%
CIVI	D	0.1%
APPF	B	0.09%
CUZ	B	0.08%
CRI	D	0.08%
KSS	F	0.07%
GAP	C	0.07%
WEN	D	0.06%
SNDR	B	0.06%
CNA	B	0.04%
SIRI	C	0.03%
DDS	B	0.03%
CNXC	F	0.03%
PLTK	B	0.02%

FLQM Underweight 405 Positions Relative to SSPY

Symbol	Grade	Weight
XOM	B	-0.77%
CVX	A	-0.76%
WMT	A	-0.73%
ROST	C	-0.72%
TJX	A	-0.72%
COST	B	-0.71%
COF	B	-0.7%
CVS	D	-0.69%
DFS	B	-0.69%
CMCSA	B	-0.52%
DPZ	C	-0.52%
PSX	C	-0.51%
DRI	B	-0.51%
VLO	C	-0.5%
EL	F	-0.5%
CMG	B	-0.5%
AAPL	C	-0.5%
MCD	D	-0.5%
BRK.A	B	-0.5%
MPC	D	-0.49%
TTWO	A	-0.49%
L	A	-0.49%
MSI	B	-0.49%
SBUX	A	-0.48%
CHTR	C	-0.47%
MTCH	D	-0.47%
META	D	-0.47%
KMB	D	-0.42%
KVUE	A	-0.42%
PG	A	-0.42%
BWA	D	-0.42%
VST	B	-0.41%
CL	D	-0.41%
APTV	D	-0.4%
J	F	-0.4%
PWR	A	-0.4%
CEG	D	-0.38%
ADM	D	-0.37%
BG	F	-0.37%
TSN	B	-0.36%
HRL	D	-0.36%
SLB	C	-0.35%
PM	B	-0.35%
BKR	B	-0.35%
CRM	B	-0.35%
MO	A	-0.35%
IPG	D	-0.34%
IBM	C	-0.34%
HAL	C	-0.34%
ORCL	B	-0.34%
SNPS	B	-0.34%
TMUS	B	-0.33%
ATO	A	-0.33%
NI	A	-0.33%
VZ	C	-0.33%
T	A	-0.33%
NRG	B	-0.33%
HCA	F	-0.33%
NKE	D	-0.33%
CDNS	B	-0.33%
AES	F	-0.32%
MSFT	F	-0.32%
LULU	C	-0.31%
FCX	D	-0.3%
EXC	C	-0.3%
TSLA	B	-0.28%
SWK	D	-0.27%
EQIX	A	-0.27%
AKAM	D	-0.27%
CNP	B	-0.26%
HUBB	B	-0.26%
ENPH	F	-0.26%
NUE	C	-0.26%
PEG	A	-0.26%
LOW	D	-0.26%
HAS	D	-0.26%
CNC	D	-0.26%
HD	A	-0.26%
MS	A	-0.26%
UNH	C	-0.26%
HUM	C	-0.26%
DLR	B	-0.26%
ETN	A	-0.26%
LEN	D	-0.25%
GM	B	-0.25%
WMB	A	-0.25%
NEM	D	-0.25%
KO	D	-0.25%
DTE	C	-0.25%
F	C	-0.25%
GILD	C	-0.25%
CTLT	B	-0.25%
MOH	F	-0.25%
EIX	B	-0.25%
STZ	D	-0.25%
ZTS	D	-0.25%
LUV	C	-0.25%
KMI	A	-0.25%
MNST	C	-0.25%
ETR	B	-0.25%
TAP	C	-0.25%
RJF	A	-0.25%
BMY	B	-0.25%
GS	A	-0.25%
SCHW	B	-0.25%
MRNA	F	-0.24%
AMGN	D	-0.24%
JNJ	D	-0.24%
AEP	D	-0.24%
MRK	F	-0.24%
D	C	-0.24%
TRGP	B	-0.24%
OKE	A	-0.24%
FE	C	-0.24%
ED	D	-0.24%
PFE	D	-0.24%
KDP	D	-0.24%
BIIB	F	-0.24%
NEE	D	-0.24%
ELV	F	-0.24%
ABBV	D	-0.24%
AVGO	D	-0.23%
PLTR	B	-0.23%
CPRT	A	-0.23%
ON	D	-0.23%
GOOGL	C	-0.23%
GOOG	C	-0.23%
TXN	C	-0.23%
LLY	F	-0.23%
VRTX	F	-0.23%
NXPI	D	-0.23%
REGN	F	-0.22%
TYL	B	-0.22%
NFLX	A	-0.22%
AMZN	C	-0.22%
DAY	B	-0.22%
QCOM	F	-0.22%
NOW	A	-0.22%
ADI	D	-0.22%
MPWR	F	-0.22%
KEYS	A	-0.21%
ANET	C	-0.21%
DIS	B	-0.21%
PFG	D	-0.21%
AOS	F	-0.21%
CSCO	B	-0.21%
MKC	D	-0.21%
KHC	F	-0.21%
QRVO	F	-0.21%
SWKS	F	-0.21%
SJM	D	-0.21%
GIS	D	-0.21%
MET	A	-0.21%
CAG	D	-0.21%
ADP	B	-0.21%
AIG	B	-0.2%
IEX	B	-0.2%
IR	B	-0.2%
AFL	B	-0.2%
PARA	C	-0.2%
CPB	D	-0.2%
PRU	A	-0.2%
INTU	C	-0.2%
AIZ	A	-0.2%
ERIE	D	-0.2%
HSIC	B	-0.2%
FSLR	F	-0.2%
MHK	D	-0.19%
CI	F	-0.19%
APH	A	-0.19%
XYL	D	-0.19%
CAH	B	-0.19%
TEL	B	-0.19%
PGR	A	-0.19%
WBD	C	-0.19%
PNR	A	-0.19%
GLW	B	-0.19%
PEP	F	-0.18%
RSG	A	-0.18%
CTAS	B	-0.18%
AMAT	F	-0.18%
CRWD	B	-0.18%
GEV	B	-0.18%
EQT	B	-0.18%
WM	A	-0.18%
MDLZ	F	-0.18%
MCK	B	-0.18%
HON	B	-0.17%
TGT	F	-0.17%
ADSK	A	-0.17%
MMM	D	-0.17%
ANSS	B	-0.17%
FTNT	C	-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%
DELL	C	-0.17%
PTC	A	-0.17%
VMC	B	-0.17%
KLAC	D	-0.17%
STX	D	-0.17%
WDC	D	-0.17%
INTC	D	-0.16%
PANW	C	-0.16%
ADBE	C	-0.16%
GD	F	-0.16%
BA	F	-0.16%
LH	C	-0.16%
TXT	D	-0.16%
DGX	A	-0.16%
TECH	D	-0.15%
SMCI	F	-0.15%
A	D	-0.15%
MU	D	-0.15%
WRB	A	-0.14%
MCHP	D	-0.14%
AZO	C	-0.14%
CAT	B	-0.14%
IQV	D	-0.14%
TMO	F	-0.14%
URI	B	-0.14%
TRV	B	-0.14%
ORLY	B	-0.14%
CRL	C	-0.14%
CB	C	-0.14%
AMD	F	-0.14%
KMX	B	-0.14%
BALL	D	-0.13%
JPM	A	-0.13%
PCAR	B	-0.13%
AMCR	D	-0.13%
AME	A	-0.13%
DE	A	-0.13%
ACN	C	-0.13%
EPAM	C	-0.13%
WFC	A	-0.13%
CTSH	B	-0.13%
ZBRA	B	-0.13%
C	A	-0.13%
WAB	B	-0.13%
NVDA	C	-0.13%
STT	A	-0.12%
HLT	A	-0.12%
MAR	B	-0.12%
ABNB	C	-0.12%
SYK	C	-0.12%
STE	F	-0.12%
ISRG	A	-0.12%
ZBH	C	-0.12%
BAC	A	-0.12%
ARE	D	-0.11%
VTR	C	-0.11%
WELL	A	-0.11%
EXR	D	-0.11%
PSA	D	-0.11%
BR	A	-0.11%
DOC	D	-0.11%
BKNG	A	-0.11%
HST	C	-0.11%
UBER	D	-0.11%
BK	A	-0.11%
DXCM	D	-0.1%
PODD	C	-0.1%
HOLX	D	-0.1%
DHR	F	-0.1%
NWSA	B	-0.1%
NWS	B	-0.1%
ESS	B	-0.1%
RVTY	F	-0.1%
ALGN	D	-0.1%
MAA	B	-0.1%
INVH	D	-0.1%
GEHC	F	-0.1%
EQR	B	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
FMC	D	-0.09%
LMT	D	-0.09%
BEN	C	-0.09%
NOC	D	-0.09%
UPS	C	-0.09%
AXON	A	-0.09%
RCL	A	-0.09%
CCL	B	-0.09%
KKR	A	-0.09%
NCLH	B	-0.09%
LYV	A	-0.09%
CMS	C	-0.08%
PCG	A	-0.08%
SO	D	-0.08%
SRE	A	-0.08%
XEL	A	-0.08%
HWM	A	-0.08%
PPL	B	-0.08%
EVRG	A	-0.08%
LNT	A	-0.08%
AEE	A	-0.08%
CARR	D	-0.08%
TDG	D	-0.08%
JCI	C	-0.08%
PH	A	-0.08%
UNP	C	-0.08%
NSC	B	-0.08%
GNRC	B	-0.08%
WYNN	D	-0.08%
RTX	C	-0.08%
HII	D	-0.08%
BX	A	-0.08%
NTRS	A	-0.08%
BLK	C	-0.08%
LHX	C	-0.08%
LVS	C	-0.08%
AMP	A	-0.08%
MOS	F	-0.08%
JBHT	C	-0.08%
CSX	B	-0.08%
CTVA	C	-0.08%
O	D	-0.07%
SPG	B	-0.07%
SW	A	-0.07%
PPG	F	-0.07%
OXY	D	-0.07%
CZR	F	-0.07%
COP	C	-0.07%
MRO	B	-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	D	-0.07%
TT	A	-0.07%
DUK	C	-0.07%
TFC	A	-0.06%
CFG	B	-0.06%
HBAN	A	-0.06%
FI	A	-0.06%
USB	A	-0.06%
FITB	A	-0.06%
PNC	B	-0.06%
KEY	B	-0.06%
MTB	A	-0.06%
EW	C	-0.06%
ABT	B	-0.06%
MDT	D	-0.06%
PYPL	B	-0.06%
BSX	B	-0.06%
IP	B	-0.06%
PKG	A	-0.06%
REG	B	-0.06%
KIM	A	-0.06%
PLD	D	-0.06%
AMT	D	-0.06%
FRT	B	-0.06%
SHW	A	-0.06%
SBAC	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
IRM	D	-0.06%
IFF	D	-0.05%
ECL	D	-0.05%
BAX	D	-0.05%
APD	A	-0.05%
BDX	F	-0.05%
TFX	F	-0.05%
WST	C	-0.05%
EMN	D	-0.05%
DD	D	-0.05%
ALB	C	-0.05%
JKHY	D	-0.05%
FIS	C	-0.05%
AON	A	-0.04%
MMC	B	-0.04%
BRO	B	-0.04%
EFX	F	-0.04%
CBRE	B	-0.04%
CSGP	D	-0.04%
SPGI	C	-0.04%
GPN	B	-0.04%
FDS	B	-0.04%
MCO	B	-0.04%
MA	C	-0.04%
CBOE	B	-0.04%
ICE	C	-0.04%
V	A	-0.04%
NDAQ	A	-0.04%
CPAY	A	-0.04%
AXP	A	-0.04%
MKTX	D	-0.04%
CME	A	-0.04%
LIN	D	-0.04%
ROP	B	-0.03%
ROK	B	-0.03%
TDY	B	-0.03%
EMR	A	-0.03%
TRMB	B	-0.03%
FTV	C	-0.03%
AJG	B	-0.03%
WTW	B	-0.03%