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ETFs

Franklin Systematic Style Premia ETF

FLSP
$--
Today’s Change
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Snapshot
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Inception Date
Dec 18 2019
Expense Ratio
0.65%
Type
Global Diversified
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$654,704
AUM
$83,768,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
29584390 TRS USD R F .00000
53.90%
n/a
SSC GOVERNMENT MM GVMXX
19.15%
n/a
Cash & Cash Equivalents
9.77%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.55%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.41%
MSFT
Microsoft Corporation
1.30%
V
Visa Inc - Ordinary Shares - Class A
1.30%
MA
Mastercard Incorporated - Ordinary Shares - Class A
1.28%
ABBV
Abbvie Inc
1.27%
WMT
Walmart Inc
1.21%
Invest with FLSP

What is FLSP?

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. A risk premium is the economic concept that an investor should receive a premium (that is, a higher expected return) for bearing risk. In other words, risk premium refers to the return that is expected for assuming a particular market risk. The strategies consist of a top-down risk premia strategy and a bottom-up long/short equity strategy.

ETFs related toFLSP

ETFs correlated to FLSP include LGRO, AMZY, BILZ

FLSP
Franklin Templeton ETF Trust - Franklin Systematic Style Premia ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
AMZY
Tidal Trust II - YieldMax AMZN Option Income Strategy ETF
BILZ
Pimco Exchange Traded Fund - PIMCO Ultra Short Government Active Exchange-Traded Fund
VRIG
Invesco Capital Management LLC - Invesco Variable Rate Investment Grade ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
NRGU
Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs
CHAT
Tidal Trust II - Roundhill Generative AI & Technology ETF
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF

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.

FAQ

FLSP is a Global Diversified ETF. 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. A risk premium is the economic concept that an investor should receive a premium (that is, a higher expected return) for bearing risk. In other words, risk premium refers to the return that is expected for assuming a particular market risk. The strategies consist of a top-down risk premia strategy and a bottom-up long/short equity strategy.

Yes, FLSP is actively 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.

No, FLSP is not passively managed. It is actively 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 FLSP is 0.0042%. This is the percent change in the value of FLSP over the most recent 1-month period. The 3-month return on FLSP is 0.044%. This is the percent change in the value of FLSP over the most recent 3-month period.

The standard deviation of FLSP for the past year is 0.142%. 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 FLSP include AOR, DRSK, and FPEI.

ETFs correlated to FLSP include LGRO, AMZY, and BILZ.

ETFs that are inversely correlated to FLSP include OBIL, IBTE, and SPTS.

Disclaimers

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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.