FLQS vs. XSW ETF Comparison

Comparison of Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) to SPDR S&P Software & Services ETF (XSW)

FLQS

Franklin LibertyQ U.S. Small Cap Equity ETF

FLQS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Small Cap Equity Index (the U.S. Small Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Small Cap underlying index. The U.S. Small Cap underlying index is based on the Russell 2000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$41.86

Average Daily Volume

3,976

Number of Holdings ^*

466

* may have additional holdings in another (foreign) market

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$160.21

Average Daily Volume

9,797

Number of Holdings ^*

134

* may have additional holdings in another (foreign) market

Performance

Period	FLQS	XSW
30 Days	3.34%	5.37%
60 Days	7.38%	12.16%
90 Days	9.54%	5.02%
12 Months	26.32%	29.37%

22 Overlapping Holdings

Symbol	Grade	Weight in FLQS	Weight in XSW	Overlap
ACIW	A	0.36%	0.71%	0.36%
AGYS	D	0.16%	0.73%	0.16%
AMSWA	C	0.05%	0.28%	0.05%
ATEN	B	0.17%	0.72%	0.17%
BLKB	C	0.49%	0.68%	0.49%
BOX	C	0.61%	0.68%	0.61%
CCSI	C	0.06%	0.42%	0.06%
CVLT	B	1.13%	0.7%	0.7%
DJCO	C	0.05%	0.69%	0.05%
HCKT	D	0.1%	0.38%	0.1%
IDCC	A	0.43%	0.71%	0.43%
MITK	F	0.04%	0.69%	0.04%
OSPN	D	0.09%	0.66%	0.09%
PRGS	A	0.39%	0.78%	0.39%
PRO	F	0.09%	0.73%	0.09%
QLYS	F	0.72%	0.71%	0.71%
SEMR	C	0.04%	0.78%	0.04%
SPSC	D	0.98%	0.69%	0.69%
VRNS	B	0.43%	0.72%	0.43%
WK	D	0.41%	0.74%	0.41%
YEXT	B	0.08%	0.59%	0.08%
YOU	C	0.22%	0.74%	0.22%

FLQS Overweight 444 Positions Relative to XSW

Symbol	Grade	Weight
SFM	A	1.32%
AIT	B	1.1%
MLI	B	1.07%
UFPI	C	1.02%
ESNT	A	0.93%
BMI	A	0.93%
JXN	A	0.92%
IBP	C	0.85%
EXPO	A	0.85%
NSIT	B	0.81%
WTS	C	0.81%
CSWI	A	0.78%
CMC	D	0.78%
KTB	C	0.77%
ANF	D	0.76%
BCC	C	0.74%
BCO	C	0.74%
GPI	C	0.71%
FELE	C	0.7%
MOG.A	C	0.69%
MMSI	C	0.68%
ALKS	B	0.68%
SWX	C	0.67%
RMBS	F	0.63%
KFY	C	0.63%
MATX	C	0.62%
SIGI	D	0.62%
SIG	C	0.61%
ASO	D	0.6%
HOMB	D	0.58%
BDC	A	0.57%
GMS	B	0.56%
CTRE	C	0.56%
SHOO	A	0.55%
WDFC	B	0.55%
LRN	D	0.54%
KAI	C	0.54%
MGY	B	0.53%
PNM	B	0.53%
FTDR	B	0.52%
CORT	B	0.52%
CEIX	B	0.51%
PBH	D	0.51%
SKT	A	0.51%
AEO	C	0.51%
CRC	B	0.49%
MHO	C	0.49%
BXMT	C	0.49%
IIPR	C	0.48%
BNL	C	0.46%
NWE	C	0.46%
ICFI	C	0.45%
SXT	C	0.45%
LANC	F	0.45%
NMIH	B	0.44%
ESE	C	0.43%
CALM	A	0.43%
AWR	B	0.43%
RUSHA	D	0.43%
SR	D	0.43%
MWA	A	0.42%
CWT	D	0.42%
HCC	C	0.42%
NSP	F	0.42%
ACLS	F	0.42%
MGEE	C	0.42%
ATKR	F	0.41%
ASB	D	0.41%
TGNA	B	0.4%
AVA	D	0.39%
GNW	A	0.39%
OTTR	F	0.39%
IPAR	D	0.39%
NOG	D	0.39%
PATK	A	0.39%
EPRT	C	0.39%
STNG	B	0.39%
WERN	D	0.39%
SQSP	A	0.38%
HNI	B	0.38%
CRVL	C	0.38%
PLUS	B	0.38%
IOSP	F	0.38%
PLXS	A	0.37%
FSS	D	0.37%
FCPT	C	0.37%
BTU	B	0.37%
LCII	C	0.37%
TNET	D	0.37%
OPCH	F	0.36%
CAKE	A	0.36%
ATGE	D	0.36%
UNF	A	0.35%
PBF	F	0.35%
YELP	D	0.35%
SLVM	C	0.35%
TDS	C	0.35%
MGRC	D	0.35%
AMR	F	0.33%
GOLF	F	0.33%
ARCH	D	0.32%
PSMT	A	0.32%
HIMS	C	0.32%
OSIS	C	0.32%
AROC	B	0.31%
CNMD	F	0.31%
JJSF	C	0.31%
VGR	B	0.31%
CPRX	C	0.31%
NARI	F	0.3%
CARG	C	0.3%
STRA	F	0.3%
SXI	B	0.29%
PDCO	F	0.29%
VSH	F	0.29%
CVBF	B	0.28%
LZB	D	0.28%
TNC	F	0.28%
FL	F	0.28%
UFPT	D	0.28%
NBTB	D	0.27%
PRMW	B	0.27%
CALX	C	0.27%
PRDO	D	0.26%
CNO	B	0.26%
BLMN	F	0.26%
EXTR	D	0.26%
INSW	B	0.25%
SBH	B	0.25%
MLKN	F	0.25%
ACAD	F	0.25%
ENVA	B	0.25%
HWKN	B	0.24%
ENR	B	0.24%
CENTA	F	0.24%
ALG	F	0.24%
LMAT	A	0.24%
AMN	F	0.24%
CSGS	B	0.23%
NHC	D	0.23%
CMPR	F	0.23%
HI	F	0.23%
SJW	D	0.23%
PZZA	D	0.23%
VCTR	A	0.23%
DFIN	B	0.22%
MCY	B	0.22%
ROIC	C	0.22%
BKE	B	0.22%
GEF	B	0.22%
EPC	F	0.22%
PRIM	A	0.21%
OXM	F	0.21%
PJT	A	0.21%
CHCO	D	0.21%
NSSC	F	0.21%
REZI	D	0.21%
NWBI	D	0.21%
LTC	D	0.2%
GEO	D	0.2%
DORM	C	0.2%
KFRC	F	0.2%
GPOR	B	0.2%
IESC	A	0.19%
CBRL	D	0.19%
SONO	F	0.19%
APAM	B	0.19%
SFL	D	0.19%
HLIT	D	0.19%
NWN	D	0.19%
HEES	D	0.19%
HELE	D	0.18%
WWW	B	0.18%
ATRC	C	0.18%
CAL	F	0.18%
HOPE	B	0.18%
HURN	D	0.18%
INMD	F	0.18%
NVEE	F	0.18%
WMK	D	0.18%
GFF	C	0.18%
UVV	D	0.18%
PDM	C	0.17%
GIII	C	0.17%
NTCT	C	0.17%
AAT	C	0.17%
FIZZ	F	0.17%
SCS	D	0.17%
VCEL	F	0.16%
IMKTA	F	0.16%
MCRI	B	0.16%
PRK	D	0.16%
INVA	B	0.16%
APOG	B	0.16%
ACT	B	0.16%
MD	B	0.15%
TNK	C	0.15%
GABC	D	0.15%
ODP	F	0.15%
RVLV	C	0.15%
CRAI	B	0.15%
EPAC	A	0.15%
CWH	C	0.14%
EMBC	F	0.14%
HRMY	D	0.14%
SPNS	B	0.14%
SRCE	D	0.14%
FWRD	D	0.13%
SPTN	C	0.13%
DLX	F	0.13%
HSII	D	0.13%
XPEL	D	0.13%
OCFC	C	0.13%
BBSI	B	0.13%
MRTN	F	0.13%
PEBO	F	0.13%
FIGS	C	0.13%
UNFI	C	0.12%
UTL	D	0.12%
MNRO	B	0.12%
ETH	F	0.12%
BLX	B	0.12%
CNXN	C	0.12%
PFBC	D	0.12%
SSTK	F	0.12%
BRKL	D	0.12%
JBSS	F	0.12%
SAH	D	0.12%
SCVL	D	0.11%
DHT	B	0.11%
IMXI	F	0.11%
GOGL	C	0.11%
BHE	C	0.11%
SYBT	C	0.11%
SMP	D	0.11%
REVG	D	0.1%
ZIP	D	0.1%
EBF	B	0.1%
WNC	F	0.1%
CYH	C	0.1%
CMRE	C	0.1%
RGR	F	0.1%
CRGY	B	0.1%
DXPE	C	0.1%
AESI	B	0.1%
JACK	F	0.1%
CHUY	B	0.1%
TMP	C	0.1%
GRC	B	0.1%
SCHL	F	0.1%
PTLO	C	0.09%
KREF	C	0.09%
UTI	F	0.09%
HTLD	F	0.09%
COLL	A	0.09%
MLR	B	0.09%
THR	F	0.09%
CVI	D	0.09%
MDXG	F	0.09%
KELYA	D	0.09%
LILAK	D	0.09%
SXC	F	0.09%
ASC	D	0.09%
IRWD	F	0.08%
UHT	D	0.08%
TRTX	D	0.08%
EGY	D	0.08%
YORW	F	0.08%
SWBI	F	0.08%
TRST	D	0.08%
LPG	F	0.08%
VITL	C	0.08%
GIC	D	0.08%
EGBN	C	0.08%
MATW	F	0.08%
IDT	C	0.08%
UPWK	D	0.08%
BDN	B	0.07%
RYI	D	0.07%
HVT	F	0.07%
PAHC	C	0.07%
CASS	F	0.07%
CCRN	F	0.07%
ACCO	C	0.07%
FOR	D	0.07%
AXGN	C	0.07%
FC	C	0.07%
HY	D	0.07%
LQDT	C	0.07%
TILE	C	0.07%
MYE	F	0.07%
RMR	B	0.06%
NRC	F	0.06%
NUS	F	0.06%
RUSHB	D	0.06%
IRMD	B	0.06%
FMNB	D	0.06%
SMBC	B	0.06%
CHCT	F	0.06%
NFBK	D	0.06%
NRDS	D	0.06%
BBW	A	0.06%
PGRE	D	0.06%
WRLD	F	0.06%
USNA	F	0.06%
BV	A	0.05%
MOV	F	0.05%
LILA	B	0.05%
FBIZ	D	0.05%
FFIC	C	0.05%
TCMD	C	0.05%
FCBC	D	0.05%
TPB	C	0.05%
SIGA	F	0.05%
NAT	B	0.05%
NPK	F	0.05%
CENT	F	0.05%
VLGEA	D	0.05%
LOVE	C	0.05%
RGP	F	0.05%
LYTS	B	0.05%
CPF	C	0.05%
CFB	D	0.05%
NVEC	D	0.05%
GEF	B	0.05%
ENFN	C	0.05%
SRDX	D	0.05%
METC	D	0.04%
EVER	D	0.04%
SPOK	D	0.04%
VPG	F	0.04%
PFMT	D	0.04%
VNDA	F	0.04%
RMAX	C	0.04%
PKST	D	0.04%
GNTY	C	0.04%
FLIC	B	0.04%
NGVC	D	0.04%
NECB	C	0.04%
BASE	F	0.04%
RM	D	0.04%
LINC	D	0.04%
TITN	F	0.04%
OOMA	C	0.04%
MCFT	F	0.04%
PFIS	D	0.04%
ULH	B	0.04%
ODC	D	0.04%
LXFR	C	0.04%
CMTG	F	0.04%
SB	C	0.04%
PLPC	D	0.04%
GCO	D	0.04%
HTBK	D	0.04%
MCW	F	0.04%
FLWS	F	0.03%
ORGO	C	0.03%
PBPB	D	0.03%
TH	F	0.03%
OLP	C	0.03%
CIO	D	0.03%
CMPO	B	0.03%
OFLX	D	0.03%
TTSH	D	0.03%
RCKY	C	0.03%
AVNW	F	0.03%
RLGT	D	0.03%
PKBK	C	0.03%
MG	B	0.03%
BWMN	F	0.03%
NATH	B	0.03%
GCMG	A	0.03%
WEYS	C	0.03%
YMAB	C	0.03%
MED	F	0.03%
GRNT	D	0.03%
IMMR	D	0.03%
IBTA	C	0.03%
AMCX	F	0.03%
ALX	D	0.03%
REPX	C	0.03%
TMCI	F	0.03%
BMRC	D	0.03%
DBI	F	0.03%
HBCP	D	0.03%
INFU	D	0.02%
VRA	F	0.02%
SGC	D	0.02%
JILL	F	0.02%
APEI	F	0.02%
SMLR	F	0.02%
III	F	0.02%
PTSI	F	0.02%
MYPS	F	0.02%
ESCA	D	0.02%
REFI	B	0.02%
RMNI	F	0.02%
RELL	B	0.02%
HBB	B	0.02%
GWRS	D	0.02%
REAL	C	0.02%
CHMG	C	0.02%
EPM	B	0.02%
CZNC	D	0.02%
NATR	F	0.02%
ESSA	C	0.02%
HOFT	D	0.02%
DXLG	F	0.02%
JYNT	F	0.02%
IBEX	C	0.02%
KRT	F	0.02%
JAKK	C	0.02%
SNBR	C	0.02%
KRNY	C	0.02%
JOUT	F	0.02%
ZYXI	F	0.02%
MAPS	F	0.01%
CURV	F	0.01%
LCUT	F	0.01%
CIX	C	0.01%
NTIC	F	0.01%
PBYI	F	0.01%
METCB	F	0.01%
FENC	F	0.01%
LWAY	B	0.01%
NL	B	0.01%
BSVN	D	0.01%
VIRC	D	0.01%
CPSS	C	0.01%
FSTR	D	0.01%
STKS	F	0.01%
HBIO	F	0.01%
SEVN	B	0.01%
MPX	D	0.01%
EGAN	F	0.01%
QIPT	F	0.01%
GAMB	C	0.01%
CDXC	C	0.01%
CMT	F	0.01%
FORR	F	0.01%
GPMT	D	0.01%
BTMD	F	0.01%
FLXS	B	0.01%
NREF	B	0.01%

FLQS Underweight 112 Positions Relative to XSW

Symbol	Grade	Weight
CIFR	C	-0.91%
MSTR	B	-0.85%
AUR	C	-0.81%
WULF	C	-0.8%
U	D	-0.78%
APP	A	-0.78%
CRWD	D	-0.76%
RIOT	F	-0.75%
DOCU	A	-0.75%
CRM	B	-0.75%
RPD	D	-0.75%
HUBS	D	-0.75%
QXO	F	-0.74%
MARA	F	-0.74%
ZETA	B	-0.74%
PEGA	B	-0.74%
RNG	F	-0.74%
CLSK	F	-0.74%
ALTR	B	-0.74%
QTWO	B	-0.73%
BL	D	-0.73%
SMAR	A	-0.73%
PTC	B	-0.73%
INTA	C	-0.73%
MANH	A	-0.73%
APPN	C	-0.73%
S	C	-0.73%
TDC	D	-0.73%
NCNO	F	-0.73%
PCOR	D	-0.73%
ORCL	A	-0.72%
DT	B	-0.72%
SPT	F	-0.72%
DDOG	B	-0.72%
SNPS	F	-0.72%
RBRK	D	-0.72%
CWAN	B	-0.72%
PLTK	C	-0.72%
AI	D	-0.72%
DLB	D	-0.72%
ESTC	F	-0.71%
IBM	A	-0.71%
ZM	B	-0.71%
FICO	C	-0.71%
DBX	C	-0.71%
ADSK	B	-0.71%
FTNT	A	-0.71%
ALKT	D	-0.71%
GWRE	A	-0.71%
PLTR	A	-0.71%
PD	F	-0.71%
APPF	C	-0.71%
NABL	F	-0.71%
VERX	B	-0.7%
ANSS	D	-0.7%
CDNS	D	-0.7%
PATH	D	-0.7%
BSY	D	-0.7%
SWI	B	-0.7%
BILL	D	-0.7%
INST	C	-0.69%
PRFT	A	-0.69%
ENV	C	-0.69%
BLND	C	-0.69%
ACN	B	-0.69%
ALRM	F	-0.69%
HCP	A	-0.69%
ROP	D	-0.69%
PWSC	C	-0.69%
IOT	C	-0.69%
TENB	D	-0.69%
NOW	B	-0.69%
TTWO	D	-0.69%
KD	D	-0.69%
ASGN	D	-0.69%
FIVN	F	-0.69%
NTNX	C	-0.69%
ZS	F	-0.69%
FRSH	F	-0.69%
TEAM	D	-0.68%
JAMF	F	-0.68%
DV	F	-0.68%
SOUN	F	-0.68%
INFA	D	-0.68%
EPAM	F	-0.68%
ETWO	F	-0.68%
EA	D	-0.68%
TYL	D	-0.68%
CTSH	B	-0.68%
MSFT	D	-0.68%
IT	A	-0.68%
VRNT	F	-0.67%
CXM	F	-0.67%
WDAY	D	-0.67%
DXC	C	-0.67%
CFLT	F	-0.67%
ZUO	F	-0.67%
RAMP	F	-0.66%
ADBE	F	-0.66%
RBLX	D	-0.66%
PANW	B	-0.66%
ASAN	F	-0.66%
NNBR	C	-0.65%
INTU	F	-0.65%
BRZE	F	-0.65%
GTLB	D	-0.65%
OLO	F	-0.63%
MLNK	F	-0.6%
IBUY	A	-0.55%
GDYN	B	-0.54%
WEAV	B	-0.47%
DMRC	D	-0.39%