FLQM vs PJFM
Franklin US Mid Cap Multifactor Index ETF vs PGIM Jennison Focused Mid-Cap ETF
Which is better, FLQM or PJFM?
PJFM has been ahead.
FLQM has a lower expense ratio. PJFM led over 1Y and the full window. FLQM is less concentrated, with 11.5% of the fund in its ten largest positions against 31.4%.
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 | FLQM | PJFM |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.49% |
| AUM | $1.4B | $20M |
| Dividend Yield | 1.71% | 0.60% |
| Holdings | 210 | 105 |
| YTD Return | +4.87%Best | +2.69% |
| 1Y Return | +5.37% | +7.66%Best |
| 3Y Return (annualized) | +12.15% | - |
| 5Y Return (annualized) | +6.76% | - |
| Volatility (annualized) | 12.6%Best | 15.2% |
| Max Drawdown | -19.7%Best | -22.8% |
| $10,000 over 2.8 years | $12,612 | $12,683Best |
| Top 10 Weight | 11.5%Best | 31.4% |
| Fund Family | Franklin Templeton Investments (US) | PGIM Investments |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Apr 26, 2017 | Dec 14, 2023 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 19, 2023 to Oct 14, 2026 (2.8 years).
FLQM vs PJFM 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 2.8 years both funds cover.
FLQM vs PJFM Performance
Franklin US Mid Cap Multifactor Index ETF (FLQM) is an ETF from Franklin Templeton Investments (US) and PGIM Jennison Focused Mid-Cap ETF (PJFM) is an ETF from PGIM Investments. Over the past year FLQM returned +5.37% while PJFM returned +7.66%. Year to date, FLQM is up 4.87% versus a gain of 2.69% for PJFM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJFM has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 12.6% for FLQM. 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 -19.7% for FLQM and -22.8% for PJFM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLQM charges 0.30% per year while PJFM charges 0.49%. On a $10,000 position that is $30 vs $49 annually, a gap of $19 per year that compounds over a long holding period. On income, FLQM currently yields 1.71% against 0.60% for PJFM.
Holdings Overlap
3.9% of FLQM's money is in holdings PJFM also owns. 19.9% of PJFM's money is in holdings FLQM also owns.
PJFM and FLQM share little of their money.
9 positions in common, counted across the 205 positions we hold weights for in FLQM and 49 in PJFM, against full books of 210 and 105.
What only one of them owns
Our book lists 35 positions for PJFM that do not appear in our book for FLQM (67.0% of the fund), and 190 for FLQM that do not appear in PJFM (93.6%).
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 FLQM | Weight in PJFM | Difference |
|---|---|---|---|
| MKLMarkel Group Inc | 0.65% | 3.90% | 3.25% |
| PRPermian Resource | 0.47% | 2.54% | 2.07% |
| GLPIGaming And Leisure Properties Inc | 0.18% | 2.77% | 2.59% |
| OASChord Energy Corp | 0.13% | 2.66% | 2.53% |
| CUZCousins Properties Inc | 0.16% | 2.43% | 2.27% |
| APPFAppfolio Inc. Com Usd0.0001 Cl A | 0.17% | 1.89% | 1.72% |
| RLRalph Lauren Corp. Class A | 0.56% | 1.45% | 0.89% |
| TRGPTarga Resources Corp Preferred | 0.96% | 1.00% | 0.04% |
| EHCEmcompass Health Corporation | 0.59% | 1.30% | 0.71% |
You are not choosing between two funds in isolation.
Whichever of FLQM and PJFM 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, FLQM or PJFM?
FLQM has an expense ratio of 0.30% while PJFM charges 0.49%. FLQM is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, FLQM or PJFM?
Over the past year FLQM returned +5.37% vs +7.66% for PJFM, so PJFM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLQM or PJFM?
PJFM has been the more volatile fund at 15.2% annualized versus 12.6% for FLQM. Worst drawdown: FLQM -19.7% vs PJFM -22.8%.
Should I hold both FLQM and PJFM?
FLQM and PJFM have a monthly-return correlation of 0.76, 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 FLQM and PJFM?
19.9% of PJFM's money is in holdings FLQM also owns. 19.9% of PJFM's is in holdings FLQM also owns. They hold 9 positions in common, counted across the 205 positions we hold weights for in FLQM and 49 in PJFM.
Which pays a higher dividend, FLQM or PJFM?
FLQM yields 1.71% while PJFM yields 0.60%, so FLQM currently pays the higher dividend yield.
Is PJFM better than FLQM?
FLQM has a lower expense ratio. PJFM led over 1Y and the full window. FLQM is less concentrated, with 11.5% of the fund in its ten largest positions against 31.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.