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ETFs

Franklin U.S. Large Cap Multifactor Index ETF

FLQL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 26 2017
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$2,341,939
AUM
$849,231,000
Associated Index
LibertyQ US Large Cap Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with FLQL

What is FLQL?

The fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its corresponding underlying index, LibertyQ U.S. Large Cap Equity Index. The underlying LibertyQ U.S. Large Cap Equity Index generally includes U.S. mid and large capitalization companies that have favorable exposure to four investment style factors - quality, value, momentum and low volatility.

ETFs related toFLQL

ETFs correlated to FLQL include GSLC, EPS, SPUU

FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
EPS
WisdomTree Trust - WisdomTree U.S. LargeCap Fund
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFLQL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FLQL using Composer

FAQ

FLQL is a US Equities ETF. The fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its corresponding underlying index, LibertyQ U.S. Large Cap Equity Index. The underlying LibertyQ U.S. Large Cap Equity Index generally includes U.S. mid and large capitalization companies that have favorable exposure to four investment style factors - quality, value, momentum and low volatility.

FLQL tracks the LibertyQ US Large Cap Equity Index.

No, FLQL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FLQL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLQL is -0.0061%. This is the percent change in the value of FLQL over the most recent 1-month period. The 3-month return on FLQL is 0.0119%. This is the percent change in the value of FLQL over the most recent 3-month period.

The standard deviation of FLQL for the past year is 0.2092%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLQL include SPHQ, QUAL, and SUSA.

ETFs correlated to FLQL include GSLC, EPS, and SPUU.

ETFs that are inversely correlated to FLQL include SPDN, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.