FLSP vs VOO
Franklin Systematic Style Premia ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLSP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $1.0B | $979.0B | |
| Dividend Yield | 2.61% | 1.09% | |
| Holdings | 598 | 509 | |
| YTD Return | +4.69% | +13.80% | |
| 1Y Return | +14.98% | +23.71% | |
| 3Y Return (annualized) | +10.27% | +21.50% | |
| 5Y Return (annualized) | +8.24% | +13.44% | |
| Volatility (annualized) | 8.1% | 14.1% | |
| Max Drawdown | -22.8% | -34.3% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 18, 2019 | Sep 7, 2010 |
FLSP vs VOO Performance
Franklin Systematic Style Premia ETF (FLSP) is a ETF from Franklin Templeton Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FLSP returned +14.98% while VOO returned +23.71%. Year to date, FLSP is up 4.69% versus a gain of 13.80% for VOO.
Over three years, FLSP compounded at +10.27% per year against +21.50% for VOO; over five years the annualized figures are +8.24% and +13.44% respectively. Across the full 7-year window we track, VOO has the edge at +13.58% annualized vs +4.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 8.1% for FLSP. 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 -22.8% for FLSP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLSP charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, FLSP currently yields 2.61% against 1.09% for VOO.
Holdings Overlap
FLSP and VOO share 251 holdings out of 736 unique holdings combined, representing a 19.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLSP or VOO?
FLSP has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, FLSP or VOO?
Over the past year FLSP returned +14.98% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (7 years), FLSP annualized +4.44% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, FLSP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.1% for FLSP. Worst drawdown: FLSP -22.8% vs VOO -34.3%.
Should I hold both FLSP and VOO?
FLSP and VOO have a monthly-return correlation of 0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLSP and VOO?
FLSP and VOO share 251 common holdings with a 19.0% weight overlap. Combined, they hold 736 unique securities.
Which pays a higher dividend, FLSP or VOO?
FLSP yields 2.61% while VOO yields 1.09%, so FLSP currently pays the higher dividend yield.
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