Franklin LibertyQ U.S. Equity ETF (FLQL) Performance
FLQL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.6% since Dec 31, 2025
- 1 year
- +13.8% total return
- 5 years
- +13.3% a year
- Since first price
- +14.2% a year since 2017
FLQL trailing returns vs SPY, QQQ, AGG
| Period | FLQL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.4% | −2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.1% | −0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.4% | +3.9% | +7.8% | +8.4% | −1.5% |
| YTD | +11.6% | +10.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.8% | +12.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +87.2%+23.2%/yr | +80.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +86.4%+13.3%/yr | +72.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 28, 2017 | +253.3%+14.2%/yr | +201.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FLQL vs SPY
From Apr 28, 2017: FLQL grew to $35,331, SPY to $36,998.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLQL returns by calendar year
6 of 8 full years positive. Best 2019 (+29.1%), worst 2022 (−14.8%). 2026 is year to date.
FLQL annual returns table
| Year | FLQL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.6% | −9.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.6% | −19.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +24.3% | −9.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.6% | −8.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.8% | −20.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.6% | −6.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +10.7% | −33.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +29.1% | −5.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −2.8% | −16.4% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FLQL largest drawdowns
Now 4.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −33.6% | Mar 23, 2020 | Sep 2, 2020 | 40 days | 7 months |
| Dec 29, 2021 | −21.4% | Sep 30, 2022 | Nov 20, 2023 | 9 months | 1.9 years |
| Feb 19, 2025 | −19.3% | Apr 8, 2025 | Jun 24, 2025 | 48 days | 4 months |
| Sep 21, 2018 | −16.4% | Dec 24, 2018 | Mar 21, 2019 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLQL risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +23.6% | +14.9% | +14.6% |
| Volatility (annualized) | 12.5% | 15.1% | 15.0% |
| Sharpe ratio | 1.42 | 0.77 | 0.83 |
| Sortino ratio | 2.79 | 1.25 | 1.29 |
| Best month | +10.4% | +10.4% | +11.2% |
| Worst month | −6.1% | −7.9% | −13.3% |
| Best 12 months | +37.9% | +37.9% | +48.3% |
| Worst 12 months | +7.3% | −14.8% | −14.8% |
| Positive months | 75% | 67% | 70% |
| Beta vs S&P 500 | 0.98 | 0.95 | — |
| Correlation with S&P 500 | 0.98 | 0.98 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FLQL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 103 | −14.8% | +16.0% | +48.3% | 87% |
| 3-year (a year) | 79 | +5.6% | +12.8% | +25.0% | 100% |
| 5-year (a year) | 55 | +8.4% | +13.4% | +17.4% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
FLQL performance overview
Franklin LibertyQ U.S. Equity ETF (FLQL) returned +13.8% over the past year and +13.3% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +14.2% a year, turning $10,000 into about $35,331. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.6%, from Feb 12, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. FLQL finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+29.1%) and the worst 2022 (−14.8%). Volatility has been 15.0% a year.
Related: FLQL chart, FLQL holdings, FLQL dividends, FLQL valuation. See the FLQL overview for the latest quote and fund facts.
FLQL performance FAQ
What is the FLQL return over the past year?
FLQL returned +13.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.5%.
What is the average annual return of FLQL?
FLQL has returned +13.3% a year over 5 years, +14.2% a year since April 28, 2017 (total return, distributions reinvested).
How much would $10,000 invested in FLQL be worth?
$10,000 invested in FLQL at its first recorded close on April 28, 2017 would be worth about $35,331 on October 23, 2026 with distributions reinvested.
What was the worst year for FLQL?
The worst calendar year was 2022, with a total return of −14.8%. The best was 2019 at +29.1%.
What is the biggest drawdown of FLQL?
The largest peak-to-trough decline was −33.6% between February 12, 2020 and March 23, 2020. It recovered to the old high on September 2, 2020, 5 months after the bottom.
How volatile is FLQL?
Over the past 3 years FLQL had an annualized volatility of 12.5% and a Sharpe ratio of 1.42 (excess return over 1–3 month T-bills per unit of risk).