FLQL vs IQSU
Franklin US Large Cap Multifactor Index ETF vs NYLIM Candriam US Large Cap Equity ETF
Which is better, FLQL or IQSU?
Nearly the same fund. IQSU costs less.
IQSU has a lower expense ratio. FLQL led over 3Y and 5Y, IQSU over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. FLQL is less concentrated, with 38.6% of the fund in its ten largest positions against 41.0%.
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 | IQSU |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $2.2B | $347M |
| Dividend Yield | 1.02% | 0.97% |
| Holdings | 219 | 264 |
| YTD Return | +14.13% | +17.44%Best |
| 1Y Return | +17.84% | +22.31%Best |
| 3Y Return (annualized) | +22.94%Best | +19.82% |
| 5Y Return (annualized) | +14.74%Best | +12.42% |
| Volatility (annualized) | 16.2%Best | 17.7% |
| Max Drawdown | -33.6% | -31.3%Best |
| $10,000 over 5 years | $19,887Best | $17,956 |
| Top 10 Weight | 38.6%Best | 41.0% |
| Fund Family | Franklin Templeton Investments (US) | New York Life Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 26, 2017 | Dec 17, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Dec 17, 2019 to Oct 13, 2026 (6.8 years).
FLQL vs IQSU 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 6.8 years both funds cover.
FLQL vs IQSU Performance
Franklin US Large Cap Multifactor Index ETF (FLQL) is an ETF from Franklin Templeton Investments (US) and NYLIM Candriam US Large Cap Equity ETF (IQSU) is an ETF from New York Life Investments. Over the past year FLQL returned +17.84% while IQSU returned +22.31%. Year to date, FLQL is up 14.13% versus a gain of 17.44% for IQSU.
Over three years, FLQL compounded at +22.94% per year against +19.82% for IQSU; over five years the annualized figures are +14.74% and +12.42% respectively. Across the full 7-year window we track, IQSU has the edge at +15.75% annualized vs +14.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQSU has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 16.2% for FLQL. 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 -31.3% for IQSU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLQL charges 0.15% per year while IQSU charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, FLQL currently yields 1.02% against 0.97% for IQSU.
Holdings Overlap
48.9% of FLQL's money is in holdings IQSU also owns. 52.8% of IQSU's money is in holdings FLQL also owns.
The two portfolios partly overlap.
60 positions in common, counted across the 214 positions we hold weights for in FLQL and 260 in IQSU, against full books of 219 and 264.
What only one of them owns
Our book lists 193 positions for IQSU that do not appear in our book for FLQL (43.4% of the fund), and 149 for FLQL that do not appear in IQSU (50.3%).
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 IQSU | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.91% | 9.45% | 1.54% |
| MSFTMicrosoft Corp | 5.08% | 5.41% | 0.33% |
| GOOGLAlphabet Inc,class A | 3.57% | 5.16% | 1.59% |
| AMZNAmazon.Com Inc | 3.32% | 4.94% | 1.62% |
| GOOGAlphabet Inc. C | 2.87% | 4.45% | 1.58% |
| TSLATesla Inc | 1.18% | 3.15% | 1.97% |
| MUMicron Technology, Inc. | 0.74% | 3.14% | 2.40% |
| AMDAdvanced Micro Devices Inc | 0.69% | 2.18% | 1.49% |
| AMATApplied Materials, Inc. | 1.43% | 1.28% | 0.15% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.45% | 1.24% | 0.21% |
52.8% of IQSU is already inside FLQL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLQL or IQSU?
FLQL has an expense ratio of 0.15% while IQSU charges 0.09%. IQSU is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, FLQL or IQSU?
Over the past year FLQL returned +17.84% vs +22.31% for IQSU, so IQSU leads on 1-year performance. Over the longest common window we track (7 years), FLQL annualized +14.60% vs +15.75% for IQSU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLQL or IQSU?
IQSU has been the more volatile fund at 17.7% annualized versus 16.2% for FLQL. Worst drawdown: FLQL -33.6% vs IQSU -31.3%.
Should I hold both FLQL and IQSU?
FLQL and IQSU have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FLQL and IQSU?
52.8% of IQSU's money is in holdings FLQL also owns. 52.8% of IQSU's is in holdings FLQL also owns. They hold 60 positions in common, counted across the 214 positions we hold weights for in FLQL and 260 in IQSU.
Which pays a higher dividend, FLQL or IQSU?
FLQL yields 1.02% while IQSU yields 0.97%, so FLQL currently pays the higher dividend yield.
Is IQSU better than FLQL?
IQSU has a lower expense ratio. FLQL led over 3Y and 5Y, IQSU over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. FLQL is less concentrated, with 38.6% of the fund in its ten largest positions against 41.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.