Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) Performance
FLQM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.6% since Dec 31, 2025
- 1 year
- +11.4% total return
- 5 years
- +7.3% a year
- Since first price
- +11.2% a year since 2017
FLQM trailing returns vs SPY, QQQ, AGG
| Period | FLQM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.3% | +5.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.5% | +5.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.8% | +7.8% | +7.8% | +8.4% | −1.5% |
| YTD | +10.6% | +9.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.4% | +9.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +55.5%+15.9%/yr | +48.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +42.3%+7.3%/yr | +32.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 28, 2017 | +174.7%+11.2%/yr | +141.2% | — | — | — |
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: FLQM vs SPY
From Apr 28, 2017: FLQM grew to $27,471, SPY to $36,998.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLQM returns by calendar year
6 of 8 full years positive. Best 2021 (+28.8%), worst 2022 (−13.0%). 2026 is year to date.
FLQM annual returns table
| Year | FLQM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.6% | −7.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.2% | −17.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +14.3% | −7.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.5% | −12.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.0% | −21.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +28.8% | −6.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.5% | −37.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.6% | −6.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.2% | −17.7% | −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.
FLQM largest drawdowns
Now 1.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −37.3% | Mar 23, 2020 | Sep 2, 2020 | 33 days | 6 months |
| Dec 31, 2021 | −22.5% | Jun 16, 2022 | Dec 14, 2023 | 5 months | 2.0 years |
| Nov 25, 2024 | −19.7% | Apr 8, 2025 | Jan 6, 2026 | 4 months | 1.1 years |
| Sep 25, 2018 | −17.7% | Dec 24, 2018 | Mar 29, 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.
FLQM risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +11.8% | +7.1% | +10.5% |
| Volatility (annualized) | 13.8% | 16.3% | 16.9% |
| Sharpe ratio | 0.57 | 0.28 | 0.54 |
| Sortino ratio | 0.89 | 0.42 | 0.81 |
| Best month | +9.3% | +9.5% | +12.9% |
| Worst month | −7.0% | −8.4% | −16.5% |
| Best 12 months | +33.6% | +33.6% | +66.3% |
| Worst 12 months | −2.1% | −13.4% | −16.7% |
| Positive months | 61% | 55% | 59% |
| Beta vs S&P 500 | 0.80 | 0.90 | — |
| Correlation with S&P 500 | 0.72 | 0.86 | — |
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.
FLQM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 103 | −16.7% | +10.0% | +66.3% | 84% |
| 3-year (a year) | 79 | +4.8% | +11.5% | +24.1% | 100% |
| 5-year (a year) | 55 | +6.9% | +11.2% | +17.8% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
FLQM performance overview
Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) returned +11.4% over the past year and +7.3% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +11.2% a year, turning $10,000 into about $27,471. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.3%, from Feb 19, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. FLQM finished 6 of its 8 full calendar years with a gain; the best year was 2021 (+28.8%) and the worst 2022 (−13.0%). Volatility has been 16.9% a year.
Related: FLQM chart, FLQM holdings, FLQM dividends, FLQM valuation. See the FLQM overview for the latest quote and fund facts.
FLQM performance FAQ
What is the FLQM return over the past year?
FLQM returned +11.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.5%.
What is the average annual return of FLQM?
FLQM has returned +7.3% a year over 5 years, +11.2% a year since April 28, 2017 (total return, distributions reinvested).
How much would $10,000 invested in FLQM be worth?
$10,000 invested in FLQM at its first recorded close on April 28, 2017 would be worth about $27,471 on October 23, 2026 with distributions reinvested.
What was the worst year for FLQM?
The worst calendar year was 2022, with a total return of −13.0%. The best was 2021 at +28.8%.
What is the biggest drawdown of FLQM?
The largest peak-to-trough decline was −37.3% between February 19, 2020 and March 23, 2020. It recovered to the old high on September 2, 2020, 5 months after the bottom.
How volatile is FLQM?
Over the past 3 years FLQM had an annualized volatility of 13.8% and a Sharpe ratio of 0.57 (excess return over 1–3 month T-bills per unit of risk).