SPYV vs. FLSP ETF Comparison

Comparison of SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV) to Franklin Liberty Systematic Style Premia ETF (FLSP)

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.69

Average Daily Volume

3,365,531

Number of Holdings ^*

431

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$23.88

Average Daily Volume

11,738

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	SPYV	FLSP
30 Days	3.09%	0.93%
60 Days	4.98%	-0.13%
90 Days	7.70%	-0.40%
12 Months	25.84%	4.92%

108 Overlapping Holdings

Symbol	Grade	Weight in SPYV	Weight in FLSP	Overlap
A	C	0.19%	0.21%	0.19%
ABBV	C	1.05%	0.77%	0.77%
ABNB	D	0.13%	0.05%	0.05%
ADSK	C	0.13%	0.32%	0.13%
AFL	C	0.27%	0.3%	0.27%
AIG	D	0.24%	0.27%	0.24%
AIZ	B	0.05%	0.07%	0.05%
AMP	A	0.1%	0.23%	0.1%
ANSS	D	0.06%	0.16%	0.06%
APH	D	0.16%	0.2%	0.16%
AVB	B	0.16%	0.16%	0.16%
AWK	B	0.14%	0.14%	0.14%
BBY	C	0.09%	0.11%	0.09%
BG	D	0.07%	0.09%	0.07%
BK	B	0.25%	0.26%	0.25%
BR	D	0.05%	0.13%	0.05%
BRK.A	C	3.97%	0.77%	0.77%
CAH	C	0.13%	0.14%	0.13%
CBOE	C	0.04%	0.11%	0.04%
CF	C	0.03%	0.1%	0.03%
CI	C	0.5%	0.35%	0.35%
CL	D	0.26%	0.28%	0.26%
CMCSA	D	0.75%	0.48%	0.48%
CNC	D	0.19%	0.22%	0.19%
CRL	F	0.05%	0.05%	0.05%
CSX	D	0.16%	0.4%	0.16%
CTAS	B	0.16%	0.33%	0.16%
CTSH	C	0.18%	0.22%	0.18%
DPZ	F	0.04%	0.07%	0.04%
DVN	F	0.12%	0.16%	0.12%
EA	D	0.1%	0.19%	0.1%
EBAY	B	0.16%	0.18%	0.16%
EL	F	0.1%	0.13%	0.1%
ELV	C	0.62%	0.72%	0.62%
EOG	D	0.11%	0.36%	0.11%
EXPD	C	0.05%	0.09%	0.05%
FDX	C	0.31%	0.35%	0.31%
FE	C	0.11%	0.14%	0.11%
FFIV	B	0.06%	0.06%	0.06%
FOXA	B	0.04%	0.06%	0.04%
GILD	B	0.5%	0.51%	0.5%
GM	C	0.26%	0.33%	0.26%
HD	B	1.14%	0.33%	0.33%
HIG	B	0.17%	0.15%	0.15%
HII	D	0.05%	0.06%	0.05%
HOLX	B	0.09%	0.07%	0.07%
HPQ	D	0.14%	0.2%	0.14%
IDXX	C	0.09%	0.2%	0.09%
INCY	C	0.05%	0.06%	0.05%
IQV	C	0.13%	0.27%	0.13%
IR	C	0.04%	0.18%	0.04%
JBL	D	0.03%	0.07%	0.03%
K	B	0.1%	0.11%	0.1%
KMB	D	0.23%	0.26%	0.23%
KR	C	0.18%	0.21%	0.18%
L	C	0.07%	0.08%	0.07%
LDOS	B	0.1%	0.12%	0.1%
LIN	B	0.52%	0.18%	0.18%
LVS	D	0.03%	0.08%	0.03%
LYB	D	0.12%	0.12%	0.12%
MA	B	0.55%	0.96%	0.55%
MAS	B	0.04%	0.09%	0.04%
MCK	F	0.32%	0.04%	0.04%
MET	B	0.22%	0.25%	0.22%
MNST	D	0.07%	0.09%	0.07%
MOH	D	0.04%	0.11%	0.04%
MOS	F	0.04%	0.05%	0.04%
MPC	F	0.12%	0.36%	0.12%
MRO	C	0.03%	0.1%	0.03%
MTCH	C	0.05%	0.06%	0.05%
NRG	C	0.08%	0.11%	0.08%
NTAP	D	0.07%	0.14%	0.07%
NUE	F	0.06%	0.18%	0.06%
NXPI	F	0.07%	0.31%	0.07%
PCAR	D	0.07%	0.15%	0.07%
PG	C	1.21%	0.13%	0.13%
PH	B	0.08%	0.24%	0.08%
PKG	B	0.09%	0.12%	0.09%
PSX	F	0.26%	0.3%	0.26%
PTC	D	0.04%	0.1%	0.04%
PYPL	B	0.36%	0.42%	0.36%
QCOM	D	0.43%	0.62%	0.43%
REGN	C	0.24%	0.65%	0.24%
ROL	C	0.04%	0.08%	0.04%
SNA	C	0.04%	0.08%	0.04%
SPG	B	0.16%	0.27%	0.16%
STLD	F	0.03%	0.1%	0.03%
STT	A	0.12%	0.17%	0.12%
SYY	D	0.19%	0.2%	0.19%
T	C	0.75%	0.75%	0.75%
TAP	D	0.05%	0.06%	0.05%
TEL	D	0.13%	0.26%	0.13%
TER	D	0.1%	0.07%	0.07%
TGT	C	0.33%	0.3%	0.3%
TJX	B	0.23%	0.69%	0.23%
TMO	B	0.71%	0.53%	0.53%
TROW	D	0.11%	0.15%	0.11%
TXT	D	0.08%	0.11%	0.08%
UDR	C	0.07%	0.08%	0.07%
V	C	0.74%	0.71%	0.71%
VICI	C	0.17%	0.17%	0.17%
VLO	F	0.21%	0.27%	0.21%
VRTX	D	0.22%	0.63%	0.22%
VTR	C	0.13%	0.14%	0.13%
VTRS	D	0.07%	0.07%	0.07%
VZ	B	0.9%	0.9%	0.9%
WAT	C	0.06%	0.12%	0.06%
WMT	C	1.65%	0.84%	0.84%

SPYV Overweight 323 Positions Relative to FLSP

Symbol	Grade	Weight
JPM	D	2.88%
XOM	C	2.43%
JNJ	C	1.93%
UNH	C	1.63%
BAC	D	1.28%
CVX	D	1.16%
COST	B	1.14%
ABT	C	0.99%
CSCO	C	0.98%
IBM	B	0.95%
DHR	B	0.87%
WFC	D	0.87%
AMGN	B	0.86%
MRK	D	0.85%
NEE	C	0.83%
KO	C	0.82%
PFE	C	0.8%
DIS	D	0.79%
RTX	C	0.78%
PEP	C	0.76%
GS	C	0.74%
LOW	B	0.7%
HON	D	0.65%
BLK	B	0.6%
PLD	C	0.59%
MS	D	0.59%
LMT	C	0.59%
PM	C	0.59%
MDT	C	0.58%
CB	B	0.57%
MCD	B	0.57%
TXN	C	0.55%
C	C	0.53%
TMUS	C	0.51%
GE	B	0.51%
ACN	C	0.49%
BMY	C	0.48%
MU	F	0.47%
SO	B	0.47%
UPS	D	0.46%
SCHW	D	0.45%
ICE	C	0.45%
SPGI	B	0.45%
MO	C	0.44%
DUK	C	0.43%
UNP	C	0.41%
INTC	F	0.4%
WELL	C	0.37%
MMM	B	0.36%
CVS	D	0.35%
NOC	B	0.35%
PGR	B	0.35%
ADP	B	0.34%
CAT	B	0.34%
PNC	B	0.34%
BDX	D	0.33%
GD	B	0.33%
USB	B	0.33%
AMT	C	0.32%
NEM	B	0.3%
APD	B	0.3%
ISRG	B	0.29%
SLB	F	0.28%
NSC	C	0.28%
MDLZ	B	0.28%
EMR	D	0.28%
BSX	B	0.27%
TFC	C	0.27%
COF	B	0.26%
BA	F	0.26%
TRV	C	0.26%
NKE	D	0.26%
AEP	C	0.26%
MMC	C	0.26%
O	C	0.26%
CCI	C	0.25%
SRE	C	0.25%
ALL	B	0.24%
CME	C	0.24%
FIS	B	0.23%
D	C	0.23%
JCI	B	0.23%
SYK	C	0.22%
ADI	C	0.22%
ETN	C	0.22%
SBUX	C	0.22%
DE	B	0.21%
LHX	C	0.21%
AXP	B	0.21%
SHW	B	0.21%
EQIX	C	0.21%
KVUE	C	0.21%
WM	D	0.2%
KMI	B	0.2%
STZ	D	0.2%
CMI	C	0.2%
GIS	B	0.2%
PEG	B	0.2%
PRU	C	0.2%
F	F	0.2%
PCG	C	0.2%
KDP	B	0.19%
CTVA	B	0.19%
HUM	F	0.19%
ZTS	C	0.19%
HCA	B	0.19%
EXC	C	0.19%
MCO	B	0.19%
ITW	C	0.18%
RMD	C	0.18%
GEHC	C	0.18%
AON	B	0.18%
COP	D	0.18%
EXR	B	0.18%
OXY	F	0.17%
CBRE	A	0.17%
DOW	D	0.17%
XEL	B	0.17%
ED	C	0.17%
GLW	C	0.16%
EIX	C	0.16%
CARR	B	0.16%
CEG	C	0.16%
PSA	B	0.16%
BKR	C	0.16%
WMB	B	0.16%
GEV	B	0.16%
DD	B	0.16%
ROP	C	0.16%
NDAQ	A	0.15%
FCX	D	0.15%
WEC	C	0.15%
DLR	B	0.15%
MSI	B	0.15%
ECL	B	0.15%
XYL	C	0.15%
AJG	D	0.15%
GPN	D	0.14%
KHC	C	0.14%
FITB	B	0.14%
BIIB	F	0.14%
BX	B	0.14%
ADM	D	0.14%
WAB	B	0.14%
PPG	D	0.14%
WTW	C	0.14%
DTE	C	0.13%
KEYS	C	0.13%
EW	F	0.13%
ETR	B	0.13%
IFF	B	0.13%
EQR	B	0.13%
MTB	B	0.13%
ES	C	0.12%
VLTO	C	0.12%
HAL	F	0.12%
FSLR	C	0.12%
TT	B	0.12%
DOV	B	0.12%
PAYX	C	0.12%
HPE	D	0.11%
RJF	C	0.11%
AEE	C	0.11%
EFX	B	0.11%
OTIS	C	0.11%
WY	C	0.11%
SW	B	0.11%
MRNA	F	0.11%
PPL	C	0.11%
LEN	B	0.1%
FAST	C	0.1%
ESS	B	0.1%
AME	C	0.1%
OKE	B	0.1%
BAX	C	0.1%
RF	B	0.1%
YUM	D	0.1%
ATO	B	0.1%
TDY	B	0.1%
CLX	C	0.1%
BALL	C	0.1%
HBAN	B	0.1%
WDC	D	0.1%
CMS	C	0.1%
INVH	C	0.1%
MKC	C	0.1%
CINF	B	0.1%
ZBH	F	0.1%
CNP	C	0.09%
TSN	C	0.09%
AVY	C	0.09%
ORLY	C	0.09%
NTRS	A	0.09%
J	C	0.09%
CFG	C	0.09%
CHTR	D	0.09%
RSG	D	0.09%
CSGP	D	0.09%
APTV	D	0.09%
DG	F	0.09%
HSY	C	0.09%
MTD	D	0.09%
SYF	C	0.09%
GPC	D	0.09%
MSCI	C	0.09%
ARE	C	0.09%
MAA	B	0.09%
OMC	B	0.09%
EQT	D	0.09%
HWM	B	0.08%
AMCR	B	0.08%
KIM	C	0.08%
DOC	C	0.08%
SWKS	D	0.08%
UAL	C	0.08%
EG	C	0.08%
IP	B	0.08%
ON	D	0.08%
IRM	C	0.08%
MCHP	F	0.08%
CDW	D	0.08%
WBD	D	0.08%
AZO	D	0.08%
DGX	B	0.08%
LUV	C	0.08%
ZBRA	B	0.08%
WRB	C	0.08%
VRSK	D	0.08%
TSCO	C	0.08%
PFG	B	0.08%
NDSN	C	0.07%
JBHT	D	0.07%
CHD	D	0.07%
TRMB	C	0.07%
EVRG	B	0.07%
UHS	B	0.07%
DLTR	F	0.07%
IEX	D	0.07%
DFS	B	0.07%
NI	B	0.07%
SWK	B	0.07%
CAG	C	0.07%
LNT	B	0.07%
KEY	B	0.07%
ROK	D	0.07%
SBAC	C	0.07%
BXP	B	0.06%
TFX	C	0.06%
STX	C	0.06%
TECH	C	0.06%
CHRW	B	0.06%
EMN	B	0.06%
IPG	C	0.06%
HUBB	B	0.06%
KMX	D	0.06%
PWR	B	0.06%
REG	C	0.06%
TTWO	C	0.06%
SJM	C	0.06%
JNPR	B	0.06%
DAL	C	0.06%
JKHY	B	0.06%
AES	C	0.06%
GRMN	D	0.06%
CPT	B	0.06%
SOLV	C	0.05%
TPR	C	0.05%
MKTX	C	0.05%
CPB	C	0.05%
NWSA	D	0.05%
PODD	B	0.05%
QRVO	F	0.05%
PNW	C	0.05%
ALB	D	0.05%
LKQ	F	0.05%
STE	C	0.05%
DXCM	F	0.05%
GWW	B	0.05%
CTLT	B	0.05%
MLM	D	0.05%
VMC	D	0.05%
BWA	D	0.04%
ALGN	D	0.04%
ALLE	B	0.04%
FMC	C	0.04%
AKAM	D	0.04%
MHK	C	0.04%
VRSN	D	0.04%
FRT	C	0.04%
GL	C	0.04%
HSIC	C	0.04%
HAS	B	0.04%
DRI	B	0.04%
FDS	C	0.04%
ENPH	D	0.04%
HRL	C	0.04%
BRO	C	0.03%
POOL	C	0.03%
CTRA	D	0.03%
BEN	F	0.03%
BBWI	F	0.03%
ULTA	D	0.03%
WBA	F	0.03%
BIO	C	0.03%
EPAM	F	0.03%
AAL	D	0.03%
IVZ	B	0.03%
LW	D	0.02%
CZR	C	0.02%
GNRC	D	0.02%
ETSY	F	0.02%
AOS	D	0.02%
DVA	B	0.02%
DAY	D	0.02%
PNR	B	0.02%
PAYC	D	0.02%
FOX	B	0.02%
HST	C	0.02%
CCL	C	0.02%
PARA	F	0.02%
MGM	F	0.01%
NWS	D	0.01%
RL	C	0.01%

SPYV Underweight 63 Positions Relative to FLSP

Symbol	Grade	Weight
INTU	C	-0.87%
NOW	B	-0.83%
NVDA	D	-0.75%
CRM	D	-0.74%
BKNG	C	-0.73%
MSFT	C	-0.72%
NVS	C	-0.71%
UBER	C	-0.65%
ADBE	F	-0.6%
AMAT	D	-0.57%
META	B	-0.51%
CDNS	D	-0.34%
FTNT	C	-0.29%
CPRT	D	-0.27%
MELI	B	-0.23%
BCS	B	-0.22%
LNG	C	-0.22%
SNPS	D	-0.21%
TDG	B	-0.21%
FICO	B	-0.21%
RCL	B	-0.19%
SE	B	-0.16%
VST	C	-0.16%
VEEV	C	-0.16%
PHM	B	-0.15%
LULU	D	-0.15%
GDDY	C	-0.14%
CSL	B	-0.13%
CPAY	B	-0.12%
TYL	C	-0.12%
ZM	C	-0.11%
BLDR	C	-0.11%
GOOG	D	-0.11%
EXPE	C	-0.11%
STLA	F	-0.1%
AVTR	B	-0.09%
EQH	C	-0.09%
UTHR	C	-0.09%
OC	D	-0.09%
APP	C	-0.09%
LII	B	-0.09%
NBIX	F	-0.08%
WSM	D	-0.08%
LYV	B	-0.08%
RS	D	-0.08%
MANH	B	-0.08%
SSNC	B	-0.08%
OVV	F	-0.07%
DT	C	-0.07%
GLPI	C	-0.07%
DOCU	C	-0.07%
CHKP	B	-0.06%
TWLO	D	-0.06%
RPRX	C	-0.06%
CRBG	D	-0.05%
SEIC	C	-0.05%
DECK	C	-0.05%
DKS	D	-0.05%
ACI	F	-0.05%
WYNN	D	-0.04%
CLF	F	-0.04%
AER	B	-0.04%
DINO	F	-0.04%