Franklin Liberty Systematic Style Premia ETF (FLSP) Performance
FLSP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.1% since Dec 31, 2025
- 1 year
- +12.2% total return
- 5 years
- +8.4% a year
- Since first price
- +4.7% a year since 2019
FLSP trailing returns vs SPY, QQQ, AGG
| Period | FLSP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.7% | +3.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.9% | +6.9% | +7.8% | +8.4% | −1.5% |
| YTD | +7.1% | +7.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.2% | +9.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +31.7%+9.6%/yr | +25.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +49.7%+8.4%/yr | +39.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 23, 2019 | +36.7%+4.7%/yr | +16.1% | — | — | — |
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: FLSP vs SPY
From Dec 23, 2019: FLSP grew to $13,669, SPY to $26,020.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLSP returns by calendar year
5 of 6 full years positive. Best 2025 (+15.6%), worst 2020 (−15.2%). 2026 is year to date.
FLSP annual returns table
| Year | FLSP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.1% | −4.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.6% | −6.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +11.7% | −4.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.1% | −6.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +0.4% | −9.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +11.4% | −11.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −15.2% | −18.1% | +18.3% | +48.6% | +7.5% |
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.
FLSP largest drawdowns
Now 1.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2020 | −22.8% | Mar 24, 2021 | Oct 23, 2023 | 1.1 years | 3.7 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLSP risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +10.1% | +8.6% | +4.5% |
| Volatility (annualized) | 6.8% | 7.7% | 8.0% |
| Sharpe ratio | 0.81 | 0.64 | 0.25 |
| Sortino ratio | 1.41 | 1.03 | 0.36 |
| Best month | +5.1% | +5.8% | +5.8% |
| Worst month | −3.5% | −5.2% | −5.3% |
| Best 12 months | +18.0% | +18.0% | +18.0% |
| Worst 12 months | +1.9% | −2.2% | −15.5% |
| Positive months | 69% | 67% | 63% |
| Beta vs S&P 500 | 0.04 | 0.03 | — |
| Correlation with S&P 500 | 0.08 | 0.06 | — |
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.
FLSP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 71 | −15.5% | +6.9% | +18.0% | 83% |
| 3-year (a year) | 47 | −2.4% | +6.6% | +11.5% | 94% |
| 5-year (a year) | 23 | +1.5% | +8.0% | +9.4% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
FLSP performance overview
Franklin Liberty Systematic Style Premia ETF (FLSP) returned +12.2% over the past year and +8.4% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +4.7% a year, turning $10,000 into about $13,669. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.8%, from Feb 18, 2020 to Mar 24, 2021, and it took 2.6 years to get back to the old high. FLSP finished 5 of its 6 full calendar years with a gain; the best year was 2025 (+15.6%) and the worst 2020 (−15.2%). Volatility has been 8.0% a year.
Related: FLSP chart, FLSP dividends. See the FLSP overview for the latest quote and fund facts.
FLSP performance FAQ
What is the FLSP return over the past year?
FLSP returned +12.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.2%.
What is the average annual return of FLSP?
FLSP has returned +8.4% a year over 5 years, +4.7% a year since December 23, 2019 (total return, distributions reinvested).
How much would $10,000 invested in FLSP be worth?
$10,000 invested in FLSP at its first recorded close on December 23, 2019 would be worth about $13,669 on October 23, 2026 with distributions reinvested.
What was the worst year for FLSP?
The worst calendar year was 2020, with a total return of −15.2%. The best was 2025 at +15.6%.
What is the biggest drawdown of FLSP?
The largest peak-to-trough decline was −22.8% between February 18, 2020 and March 24, 2021. It recovered to the old high on October 23, 2023, 2.6 years after the bottom.
How volatile is FLSP?
Over the past 3 years FLSP had an annualized volatility of 6.8% and a Sharpe ratio of 0.81 (excess return over 1–3 month T-bills per unit of risk).