FLQL vs TILT
Franklin US Large Cap Multifactor Index ETF vs Northern Trust Morningstar US Market Factor Tilt ETF
Which is better, FLQL or TILT?
Nearly the same fund. FLQL costs less.
FLQL has a lower expense ratio. FLQL led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. TILT is less concentrated, with 27.1% of the fund in its ten largest positions against 37.2%.
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 | TILT |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.25% |
| AUM | $2.2B | $2.2B |
| Dividend Yield | 1.06% | 1.08% |
| Holdings | 219 | 1,929 |
| YTD Return | +12.74%Best | +11.74% |
| 1Y Return | +16.39%Best | +15.61% |
| 3Y Return (annualized) | +22.41%Best | +20.41% |
| 5Y Return (annualized) | +14.06%Best | +11.12% |
| Volatility (annualized) | 15.0%Best | 17.2% |
| Max Drawdown | -33.6%Best | -38.5% |
| $10,000 over 5 years | $19,305Best | $16,942 |
| Top 10 Weight | 37.2% | 27.1%Best |
| Fund Family | Franklin Templeton Investments (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 26, 2017 | Sep 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Apr 28, 2017 to Oct 14, 2026 (9.5 years).
FLQL vs TILT 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 TILT Performance
Franklin US Large Cap Multifactor Index ETF (FLQL) is an ETF from Franklin Templeton Investments (US) and Northern Trust Morningstar US Market Factor Tilt ETF (TILT) is an ETF from Northern Trust Asset Management. Over the past year FLQL returned +16.39% while TILT returned +15.61%. Year to date, FLQL is up 12.74% versus a gain of 11.74% for TILT.
Over three years, FLQL compounded at +22.41% per year against +20.41% for TILT; over five years the annualized figures are +14.06% and +11.12% respectively. Across the full 10-year window we track, FLQL has the edge at +14.42% annualized vs +12.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TILT has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.0% 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 -38.5% for TILT. 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 TILT charges 0.25%. On a $10,000 position that is $15 vs $25 annually, a gap of $10 per year that compounds over a long holding period. On income, FLQL currently yields 1.06% against 1.08% for TILT.
Holdings Overlap
98.5% of FLQL's money is in holdings TILT also owns. 48.4% of TILT's money is in holdings FLQL also owns.
Most of FLQL is already inside TILT. Owning both mostly buys the same companies twice.
205 positions in common, counted across the 217 positions we hold weights for in FLQL and 1,904 in TILT, against full books of 219 and 1,929.
What only one of them owns
Our book lists 1,333 positions for TILT that do not appear in our book for FLQL (50.2% of the fund), and 9 for FLQL that do not appear in TILT (0.9%).
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 TILT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.46% | 5.56% | 1.90% |
| AAPLApple, Inc | 7.72% | 4.98% | 2.74% |
| MSFTMicrosoft Corp | 5.26% | 3.93% | 1.33% |
| AMZNAmazon.Com Inc | 3.23% | 2.53% | 0.70% |
| GOOGLAlphabet Inc | 3.30% | 2.04% | 1.26% |
| GOOGAlphabet Inc. C | 2.65% | 1.64% | 1.01% |
| METAMeta Platforms Inc | 2.06% | 2.04% | 0.02% |
| AVGOBroadcom Inc | 2.14% | 1.66% | 0.48% |
| MUMicron Technology, Inc. | 1.44% | 1.58% | 0.14% |
| JNJJohnson & Johnson - Common | 1.70% | 0.79% | 0.91% |
98.5% of FLQL is already inside TILT.
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 TILT?
FLQL has an expense ratio of 0.15% while TILT charges 0.25%. FLQL is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FLQL or TILT?
Over the past year FLQL returned +16.39% vs +15.61% for TILT, so FLQL leads on 1-year performance. Over the longest common window we track (10 years), FLQL annualized +14.42% vs +12.86% for TILT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLQL or TILT?
TILT has been the more volatile fund at 17.2% annualized versus 15.0% for FLQL. Worst drawdown: FLQL -33.6% vs TILT -38.5%.
Should I hold both FLQL and TILT?
FLQL and TILT 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 TILT?
98.5% of FLQL's money is in holdings TILT also owns. 48.4% of TILT's is in holdings FLQL also owns. They hold 205 positions in common, counted across the 217 positions we hold weights for in FLQL and 1,904 in TILT.
Which pays a higher dividend, FLQL or TILT?
FLQL yields 1.06% while TILT yields 1.08%, so TILT currently pays the higher dividend yield.
Is TILT better than FLQL?
FLQL has a lower expense ratio. FLQL led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. TILT is less concentrated, with 27.1% of the fund in its ten largest positions against 37.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.