FLQL vs YLDE
Franklin US Large Cap Multifactor Index ETF vs Franklin ClearBridge Enhanced Income ETF
Which is better, FLQL or YLDE?
Each has led over a different period.
FLQL has a lower expense ratio. FLQL led over 3Y, 5Y and the full window, YLDE over 1Y. FLQL is less concentrated, with 11.5% of the fund in its ten largest positions against 50.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLQL | YLDE |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.48% |
| AUM | $2.0B | $177M |
| Dividend Yield | 1.08% | 7.23% |
| Holdings | 431 | 114 |
| YTD Return | +10.13% | +12.21%Best |
| 1Y Return | +10.60% | +14.49%Best |
| 3Y Return (annualized) | +20.88%Best | +18.03% |
| 5Y Return (annualized) | +12.44%Best | +10.51% |
| Volatility (annualized) | 15.0% | 14.8%Best |
| Max Drawdown | -33.6% | -33.3%Best |
| $10,000 over 5 years | $17,972Best | $16,482 |
| Top 10 Weight | 11.5%Best | 50.3% |
| Fund Family | Franklin Templeton Investments (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 26, 2017 | May 22, 2017 |
Volatility and max drawdown are measured over the window both funds cover: May 23, 2017 to Nov 11, 2026 (9.5 years).
FLQL vs YLDE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.5 years both funds cover.
FLQL vs YLDE Performance
Franklin US Large Cap Multifactor Index ETF (FLQL) is an ETF from Franklin Templeton Investments (US) and Franklin ClearBridge Enhanced Income ETF (YLDE) is an ETF from Franklin Templeton Investments (US). Over the past year FLQL returned +10.60% while YLDE returned +14.49%. Year to date, FLQL is up 10.13% versus a gain of 12.21% for YLDE.
Over three years, FLQL compounded at +20.88% per year against +18.03% for YLDE; over five years the annualized figures are +12.44% and +10.51% respectively. Across the full 10-year window we track, FLQL has the edge at +14.19% annualized vs +11.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLQL has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.8% for YLDE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.6% for FLQL and -33.3% for YLDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLQL charges 0.15% per year while YLDE charges 0.48%. On a $10,000 position that is $15 vs $48 annually, a gap of $33 per year that compounds over a long holding period. On income, FLQL currently yields 1.08% against 7.23% for YLDE.
Holdings Overlap
5.1% of FLQL's money is in holdings YLDE also owns. 12.0% of YLDE's money is in holdings FLQL also owns.
YLDE and FLQL share little of their money.
8 positions in common, counted across the 205 positions we hold weights for in FLQL and 58 in YLDE, against full books of 431 and 114.
What only one of them owns
Our book lists 38 positions for YLDE that do not appear in our book for FLQL (67.8% of the fund), and 192 for FLQL that do not appear in YLDE (92.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FLQL | Weight in YLDE | Difference |
|---|---|---|---|
| EBAYEbay Inc. | 1.07% | 3.31% | 2.24% |
| EXPEExpedia Group Inc. | 1.23% | 2.67% | 1.44% |
| MANHManhattan Associates Inc | 0.61% | 2.10% | 1.49% |
| FASTFastenal Co | 1.08% | 1.05% | 0.03% |
| CARTMaplebear Inc | 0.12% | 1.03% | 0.91% |
| CHRWCh Robinson Worldwide Inc. | 0.65% | 0.43% | 0.22% |
| ETSYEtsy Inc | 0.27% | 0.80% | 0.53% |
| CHWYChewy Inc. | 0.09% | 0.63% | 0.54% |
You are not choosing between two funds in isolation.
Whichever of FLQL and YLDE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLQL or YLDE?
FLQL has an expense ratio of 0.15% while YLDE charges 0.48%. FLQL is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, FLQL or YLDE?
Over the past year FLQL returned +10.60% vs +14.49% for YLDE, so YLDE leads on 1-year performance. Over the longest common window we track (10 years), FLQL annualized +14.19% vs +11.49% for YLDE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLQL or YLDE?
FLQL has been the more volatile fund at 15.0% annualized versus 14.8% for YLDE. Worst drawdown: FLQL -33.6% vs YLDE -33.3%.
Should I hold both FLQL and YLDE?
FLQL and YLDE have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FLQL and YLDE?
12.0% of YLDE's money is in holdings FLQL also owns. 12.0% of YLDE's is in holdings FLQL also owns. They hold 8 positions in common, counted across the 205 positions we hold weights for in FLQL and 58 in YLDE.
Which pays a higher dividend, FLQL or YLDE?
FLQL yields 1.08% while YLDE yields 7.23%, so YLDE currently pays the higher dividend yield.
Is YLDE better than FLQL?
FLQL has a lower expense ratio. FLQL led over 3Y, 5Y and the full window, YLDE over 1Y. FLQL is less concentrated, with 11.5% of the fund in its ten largest positions against 50.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.