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ETFs

Franklin Systematic Style Premia ETF

FLSP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 18 2019
Expense Ratio
0.65%
Type
Global Diversified
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$111,183
AUM
$89,887,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
28827865 TRS USD R F .00000
44.11%
n/a
SSC GOVERNMENT MM GVMXX
27.19%
n/a
Cash & Cash Equivalents
11.03%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.35%
V
Visa Inc - Ordinary Shares - Class A
1.19%
XOM
Exxon Mobil Corp.
1.19%
MA
Mastercard Incorporated - Ordinary Shares - Class A
1.13%
ADBE
Adobe Inc
1.12%
ABBV
Abbvie Inc
1.10%
MC
LVMH MOET HENNESSY LOUIS VUI
1.09%
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 NRGU, IEO, FTXN

FLSP
Franklin Templeton ETF Trust - Franklin Systematic Style Premia ETF
NRGU
Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
PXE
Invesco Capital Management LLC - Invesco Dynamic Energy Exploration & Production ETF
RYE
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
DIG
ProShares Trust - ProShares Ultra Energy
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund

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 toFLSP

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with FLSP using Composer

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 0.0038%. This is the percent change in the value of FLSP over the most recent 1-month period. The 3-month return on FLSP is -0.0094%. 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 0.1483%. 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 PGF, AMJ, and AOR.

ETFs correlated to FLSP include NRGU, IEO, and FTXN.

ETFs that are inversely correlated to FLSP include BOXX, UNIY, and NRGD.

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.