Franklin LibertyQ U.S. Small Cap Equity ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.1x P/Sales
ratio
1.1x
P/BV
ratio
2.1x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin LibertyQ U.S. Small-Cap Equity ETF tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility.

FUND BASICS
Category US Equities
Fund Sponsor Franklin ETF Trust
Website www.libertyshares.com
Inception date Apr 26, 2017
Assets (mns) $12
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 494
Wgt avg mkt cap (mns) $2,434
Large cap (>$10bn) 0.2%
Mid cap ($2-10bn) 56.4%
Small cap (<$2bn) 43.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
DECKERS OUTDOOR CORP 1.3 %
LHC GROUP INC 1.3 %
LITHIA MOTORS INC-CL A 1.2 %
TEXAS ROADHOUSE INC 1.1 %
HELEN OF TROY LTD 1.0 %
SAIA INC 0.9 %
EXPONENT INC 0.9 %
SILICON LABORATORIES INC 0.9 %
STAMPS.COM INC 0.8 %
ESSENT GROUP LTD 0.8 %
Total 10.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
BERMUDA 2.6 %
PUERTO RICO 0.6 %
IRELAND 0.3 %
BRITAIN 0.2 %
LUXEMBOURG 0.1 %
PANAMA 0.1 %
MONACO 0.0 %
CAYMAN ISLANDS 0.0 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.2% -6.1% -- -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.07 86%
MSCI EAFE 1.13 79%
MSCI Emg. Mkts. 0.80 62%

Technical Indicators
Recent close $27.08
30d moving avg. $26.68
Annualized volatility 20.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $6,680

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Franklin LibertyQ U.S. Small Cap Equity ETF ETF based on the alternatives' overlap in portfolio holdings with FLQS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLQS Expense: 35 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLQS
Ticker Fund
Name
Overlap1
vs FLQS
(%)
Expense
ratio
(bp)
Savings
vs FLQS
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLQS
(%)
VIOO Vanguard S&P Small-Cap 600 ETF 37.9 10 25 6.9 +1.0
SPSM SPDR Portfolio Small Cap ETF 36.4 5 30 7.0 +1.1
SLY SPDR S&P 600 Small Cap ETF 36.4 15 20 6.9 +1.0
IJR iShares Core S&P Small Cap ETF 36.4 6 29 7.0 +1.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 35.8 20 15 4.8 -1.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 35.1 29 6 5.0 -0.9
STSB iShares Factors US Small Blend Style ETF 34.0 35 0 3.6 -2.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 33.8 30 5 7.5 +1.6
IWO iShares Russell 2000 Growth ETF 31.8 24 11 -0.1 -6.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 31.8 16 19 5.3 -0.6
TPSC Timothy Plan US Small Cap Core ETF 31.4 52 -17 7.9 +2.0
IJT iShares S&P Small-Cap 600 Growth ETF 31.1 25 10 5.4 -0.5
SLYG SPDR S&P 600 Small Cap Growth ETF 31.1 15 20 5.4 -0.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 30.5 35 0 7.8 +1.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 29.1 29 6 0.2 -5.7
DES WisdomTree U.S. SmallCap Dividend Fund 28.8 38 -3 8.4 +2.5
IWM iShares Russell 2000 ETF 28.5 19 16 3.3 -2.6
AFSM First Trust Active Factor Small Cap ETF 28.5 75 -40 5.5 -0.5
VTWO Vanguard Russell 2000 Index Fund 28.1 10 25 3.5 -2.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 28.0 40 -5 7.2 +1.3
EES WisdomTree SmallCap Earnings Fund 27.6 38 -3 10.2 +4.3
VTWG Vanguard Russell 2000 Growth Index Fund 27.5 15 20 0.1 -5.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 26.6 35 0 7.9 +2.0
SSLY Syntax Stratified SmallCap ETF 26.6 30 5 6.5 +0.6
PSC Principal U.S. Small Cap Index ETF 25.8 38 -3 6.8 +0.9
RNSC Small Cap US Equity Select ETF 25.6 60 -25 7.0 +1.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 24.9 15 20 8.8 +2.9
IJS iShares S&P Small-cap 600 Value ETF 24.6 25 10 8.9 +3.0
SLYV SPDR S&P 600 Small Cap Value ETF 24.5 15 20 8.8 +2.9
IWN iShares Russell 2000 Value ETF 24.5 24 11 6.8 +0.9
ROGS Hartford Multifactor Global Small Cap ETF 24.5 34 1 8.1 +2.2
ISMD Inspire Small/Mid Cap Impact ETF 23.8 60 -25 4.9 -1.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 23.7 39 -4 7.0 +1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 23.0 39 -4 4.5 -1.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 22.5 20 15 4.6 -1.3
CSML IQ Chaikin U.S. Small Cap ETF 22.5 35 0 3.9 -2.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 22.3 38 -3 8.5 +2.6
IJK iShares S&P Mid-Cap 400 Growth ETF 21.7 24 11 4.9 -1.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 21.6 12 23 7.5 +1.6
IUSS Invesco Strategic US Small Company ETF 21.3 23 12 5.2 -0.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 21.2 25 10 7.3 +1.4
FYX First Trust Small Cap Core AlphaDEX Fund 20.9 63 -28 6.1 +0.2
FSMD Fidelity Small-Mid Factor ETF 20.3 29 6 6.2 +0.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.3 24 11 6.5 +0.6
JKJ iShares Morningstar Small-Cap ETF 20.1 25 10 6.4 +0.5
SCHA Schwab U.S. Small-Cap ETF 19.8 4 31 4.7 -1.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 19.2 29 6 5.7 -0.2
AVUV Avantis U.S. Small Cap Value ETF 18.8 25 10 8.0 +2.1
VTWV Vanguard Russell 2000 Value Index Fund 18.0 15 20 6.9 +1.0
XSLV Invesco S&P SmallCap Low Volatility ETF 17.7 25 10 5.5 -0.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 17.5 35 0 5.8 -0.1
JKK iShares Morningstar Small-Cap Growth ETF 16.8 30 5 1.0 -4.9
NUSC Nuveen ESG Small-Cap ETF 16.8 40 -5 4.7 -1.2
SQLV Legg Mason Small-Cap Quality Value 16.7 62 -27 6.4 +0.5
JHSC John Hancock Multifactor Small Cap ETF 16.6 42 -7 5.5 -0.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 16.6 80 -45 5.7 -0.2
PXSG Invesco S&P SmallCap Momentum ETF 16.0 39 -4 3.8 -2.1
VFMF Vanguard U.S. Multifactor ETF 16.0 19 16 7.3 +1.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 15.5 6 29 5.1 -0.8
FYC First Trust Small Cap Growth AlphaDEX Fund 15.2 70 -35 1.9 -4.1
BKSE BNY Mellon US Small Cap Core Equity ETF 15.1 4 31 5.6 -0.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 15.0 17 18 4.8 -1.1
VFQY Vanguard U.S. Quality Factor ETF 14.7 13 22 6.3 +0.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 14.2 29 6 7.7 +1.8
SMDV ProShares Russell 2000 Dividend Growers ETF 13.9 41 -6 6.4 +0.5
IJJ iShares S&P Mid-Cap 400 Value ETF 13.8 25 10 8.3 +2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 13.7 39 -4 6.5 +0.6
SMDY Syntax Stratified MidCap ETF 13.5 30 5 6.7 +0.8
FYT First Trust Small Cap Value AlphaDEX Fund 13.2 72 -37 9.5 +3.6
XSHQ Invesco S&P SmallCap Quality ETF 13.2 29 6 6.7 +0.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 13.1 70 -35 2.1 -3.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.5 30 5 5.5 -0.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 12.5 48 -13 6.3 +0.4
JSML Janus Henderson Small Cap Growth Alpha ETF 12.4 30 5 8.1 +2.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 12.3 40 -5 7.3 +1.4
BFOR Barron's 400 ETF 12.2 65 -30 6.4 +0.5
AFMC First Trust Active Factor Mid Cap ETF 11.9 65 -30 6.3 +0.4
VUSE Vident Core US Equity Fund 11.3 48 -13 9.0 +3.1
VBK Vanguard Small-Cap Growth Index Fund 11.1 7 28 2.2 -3.7
FNX First Trust Mid Cap Core AlphaDEX Fund 11.0 61 -26 6.4 +0.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.9 20 15 9.2 +3.3
VBR Vanguard Small Cap Value Index Fund 10.7 7 28 8.0 +2.1
VB Vanguard Small-Cap ETF 10.7 5 30 5.2 -0.7
IWC iShares Micro-Cap ETF 10.2 60 -25 -3.9 -9.8
DWAS Invesco DWA SmallCap Momentum ETF 10.0 60 -25 -2.0 -7.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 9.9 66 -31 2.3 -3.6
KSCD KFA Small Cap Quality Dividend Index ETF 9.9 51 -16 5.5 -0.4
VFLQ Vanguard U.S. Liquidity Factor ETF 9.7 14 21 4.2 -1.7
XRT SPDR S&P Retail ETF 9.5 35 0 5.7 -0.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 9.5 35 0 10.0 +4.1
PSCI Invesco S&P SmallCap Industrials ETF 9.5 29 6 6.5 +0.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 9.5 15 20 5.0 -0.9
BUY USCF SummerHaven SHPEI Index Fund 9.5 80 -45 8.6 +2.7
RNMC Mid Cap US Equity Select ETF 9.2 60 -25 7.5 +1.6
CALF Pacer US Small Cap Cash Cows 100 ETF 9.2 59 -24 9.1 +3.2
MDY SPDR S&P Midcap 400 ETF Trust 9.1 23 12 6.3 +0.4
SPMD SPDR Portfolio Mid Cap ETF 9.1 5 30 6.5 +0.6
IJH iShares Core S&P Mid-Cap ETF 9.1 5 30 6.5 +0.6
EZM WisdomTree U.S. MidCap Earnings Fund 9.0 38 -3 8.7 +2.8
VXF Vanguard Extended Market Index Fund 9.0 6 29 3.5 -2.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Franklin LibertyQ U.S. Small Cap Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.