FLQM vs VYM: Grades, Fees and Holdings Compared

Franklin U.S. Mid Cap Multifactor Index ETF

FLQMBCboe

Vanguard High Dividend Yield ETF

VYMANYSE Arca

Overlap

7.7%by weight

Expense ratio

VYM −0.26pt a year

FLQM0.30%VYM0.04%

Avg volume · 30D

VYM 12.4×the volume

FLQM92.9KVYM1.15M

5Y return · a year

VYM +4.1pt

FLQM+7.2%VYM+11.3%

FLQM vs VYM Performance

Nov 9, 2021 – Nov 9, 2026

+41.8%FLQM+70.4%VYM

Expense ratio: FLQM 0.30%; VYM 0.04%, better
Fund size: FLQM $1.45B; VYM $78.9B
1Y total return: FLQM +14.5%; VYM +18.9%, better
Yield (12M): FLQM 1.57%; VYM 2.26%, better
Holdings: FLQM 207; VYM 610
Avg volume (30D): FLQM 92.9K sh; VYM 1.15M sh, better
NAV per share: FLQM $61.52; VYM $159.07
52W range

ETF.net Grade

Pillar letters and Scores for FLQM, VYM, with each pillar’s weight
Pillar	FLQM	VYM
Cost30% weight	C48	A99Higher
Mission25% weight	B67	A81Higher
Risk15% weight	C50	A82Higher
Tradability15% weight	A72Higher	B61
Holdings10% weight	A72Higher	C53
Durability5% weight	B59	A94Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. FLQM and VYM are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

VYM ranks 2nd and FLQM 40th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 80
Rank 39BQGROAmerican Century U.S. Quality Growth ETFScore 60
Rank 40BFLQMFranklin U.S. Mid Cap Multifactor Index ETFScore 59
Rank 40BJOETVirtus Terranova U.S. Quality Momentum ETFScore 59

Our read on each fund

ETF.net Research

FLQMBFranklin U.S. Mid Cap Multifactor Index ETF

VYMAVanguard High Dividend Yield ETF

In short

FLQM Multifactor investing usually stops at the mega caps. FLQM runs the full four-factor screen (value, quality, momentum, low volatility) through the middle of the US market, landing on roughly 120 names.

VYM The no-frills dividend workhorse. VYM buys the higher-yielding end of the US market, roughly 600 names, for four basis points: no quality screen, no dividend-growth-streak test, just yield, at scale since 2006.

Stated mandate

FLQM The Fund uses a passive indexing approach to seek investment results that closely correspond, before fees and expenses, to the U.S. Mid Cap Underlying Index.

VYM The Fund seeks to track a benchmark index measuring the investment return of common stocks from companies characterized by high dividend yields.

Why people hold it

FLQM Four screens in one rule set: value, quality, momentum and low volatility, applied to US mid caps rather than the large-cap names most factor funds fish in.
0.30% a year, a shade under the typical fee across its multifactor peer group.
Straight passive indexing against a named, published index, with no manager discretion layered on top. It sits in the upper half of a crowded multifactor field.
Live since 2017, now a multi-billion-dollar fund that trades at moderate volume and pays quarterly.

VYM Four basis points a year, against a peer-group median near 0.32%. Cheaper than cohort neighbors VONV (0.06%) and FNDX (0.25%).
Running since 2006 and now a multi-billion-dollar fund that trades actively, so ordinary orders tend to fill at tight spreads.
Simple mandate: track the FTSE High Dividend Yield Index of US common stocks screened on yield. No manager discretion, no options overlay, plain 1940-Act fund.vanguard.com
Pays quarterly, and among 100-plus value and multifactor rivals it stands as one of the strongest overall packages in the group.

Worth knowing

FLQM About 120 stocks is a tighter net than a broad mid-cap index, so each holding carries real weight in the outcome.
Blending four factors means it rarely looks like a plain mid-cap index. When one style is leading the market, this one can move on its own path.
0.30% is real money next to the cheapest names in the same peer group, where FNDX charges 0.25% and VYM 0.04%.

VYM The screen is yield, not payout growth or dividend quality, so a company can qualify simply because its share price fell.
This is a value slice by design, tilted to established payers, so it behaves differently from a total US market fund.
Roughly 600 holdings, but weight leans toward the largest payers, so the top of the roster does more of the work than the count suggests.

Full FLQM profile⁠

Full VYM profile⁠

FLQM vs VYM Holdings

How FLQM and VYM differ

Overlap by weight

7.7%

Shared holdings make up 55.3% of FLQM and 7.7% of VYM.

Level by level

Holdings108 in both7.7%
Sector11 Sectors79.7%
Countryby domicile98.6%
Asset classStocks100%

Sector

Sector weights in FLQM and VYM, widest gap first
Sector	Gap	FLQM	VYM
Consumer Discretionary	FLQM +10.3 points	16.3%	6.0%
Energy	VYM +5.6 points	4.6%	10.2%
Technology	VYM +4.6 points	12.9%	17.5%
Financials	VYM +4.3 points	16.6%	20.9%
Industrials	FLQM +3.4 points	15.0%	11.6%
Real Estate	FLQM +3.3 points	3.3%	0.0%
Utilities	VYM +3.1 points	1.9%	5.0%
Health Care	FLQM +2.7 points	16.8%	14.1%
Materials	VYM +2.0 points	1.2%	3.2%
Communication	VYM +0.9 points	2.4%	3.3%
Consumer Staples	FLQM +0.6 points	8.8%	8.2%

Country, concentration and asset class

Country by domicile

Country weights in FLQM and VYM, widest gap first
Country	Gap	FLQM	VYM
United States	VYM +1.4 points	98.6%	100.0%
Switzerland	FLQM +1.2 points	1.2%	0.0%
India	FLQM +0.3 points	0.3%	0.0%

Concentration

Weight in the 10 largest Holdings

FLQM11.9%
VYM26.2%

Securities held

FLQM205
VYM601

Asset class

FLQM: Stocks
VYM: Stocks

Holdings

Only in FLQM97
In both108
Only in VYM493

Only in FLQM

97 securities, 44.7% of FLQM by weight

Mettler-Toledo Internatio1.19%
Ulta Beauty Inc1.19%
Cencora Inc1.17%
Arch Capital Group Ltd1.13%
Idexx Laboratories Inc1.13%
Waters Corp1.12%
Ww Grainger Inc1.10%
Expedia Group Inc1.07%
Veralto Corp1.00%
Delta Air Lines Inc1.00%
Autodesk Inc0.98%
Resmed Inc0.96%
Expeditors Intl Wash Inc0.95%
United Airlines Holdings0.93%
Incyte Corp0.91%
Tenet Healthcare Corp0.90%
United Therapeutics Corp0.87%
Anglogold Ashanti PLC0.83%
Steris PLC0.73%
Neurocrine Biosciences In0.72%
Everest Group Ltd0.70%
Exelixis Inc0.70%
Markel Group Inc0.69%
Old Dominion Freight Line0.68%
Manhattan Associates Inc0.67%
F5 Inc0.65%
Encompass Health Corp0.65%
Cboe Global Markets Inc0.61%
Godaddy Inc - Class A0.55%
Bj's Wholesale Club Holdi0.55%
Docusign Inc0.55%
Allegion PLC0.54%
Globe Life Inc0.53%
Nvr Inc0.53%
Gartner Inc0.52%
Heico Corp-Class A0.52%
Teradyne Inc0.52%
Leidos Holdings Inc0.51%
Universal Health Services0.50%
Omega Healthcare Investor0.49%
Alnylam Pharmaceuticals I0.49%
Deckers Outdoor Corp0.48%
Coca-Cola Consolidated In0.47%
Lamar Advertising Co-A0.46%
Fair Isaac Corp0.44%
Equity Lifestyle Properti0.43%
Halozyme Therapeutics Inc0.43%
Lennox International Inc0.41%
Heico Corp0.38%
Allison Transmission Hold0.38%

Only in VYM

493 securities, 92.2% of VYM by weight

Broadcom Inc6.93%
JPMorgan Chase & Co3.75%
ExxonMobil Holdings Corp2.84%
Johnson & Johnson2.71%
AbbVie Inc1.96%
Cisco Systems Inc1.80%
Chevron Corp1.61%
Caterpillar Inc1.56%
Merck & Co Inc1.52%
Bank of America Corp1.50%
Procter & Gamble Co/The1.44%
Coca-Cola Co/The1.42%
UnitedHealth Group Inc1.41%
Philip Morris International Inc1.26%
Home Depot Inc/The1.20%
Texas Instruments Inc1.08%
RTX Corp1.06%
Goldman Sachs Group Inc/The1.03%
Wells Fargo & Co1.03%
Oracle Corp1.00%
Linde PLC0.93%
Citigroup Inc0.91%
Morgan Stanley0.89%
Amgen Inc0.89%
International Business Machines Corp0.88%
QUALCOMM Inc0.82%
Analog Devices Inc0.82%
Verizon Communications Inc0.81%
Gilead Sciences Inc0.79%
Walt Disney Co/The0.77%
PepsiCo Inc0.73%
Abbott Laboratories0.73%
Eaton Corp PLC0.71%
McDonald's Corp0.70%
AT&T Inc0.69%
Pfizer Inc0.69%
Dell Technologies Inc0.69%
Blackrock Inc0.69%
Union Pacific Corp0.68%
NextEra Energy Inc0.67%
ConocoPhillips0.65%
Bristol-Myers Squibb Co0.54%
Newmont Corp0.52%
Progressive Corp/The0.51%
Capital One Financial Corp0.49%
Marathon Petroleum Corp0.49%
Chubb Ltd0.49%
Altria Group Inc0.48%
Accenture PLC0.48%
Valero Energy Corp0.47%

Weight gaps

The 100 widest of 108 Holdings in both funds.

Holding weights in FLQM and VYM, widest gap first
Holding	Gap	FLQM	VYM
Kimberly-Clark CorpKMB	FLQM +1.40 points	1.54%	0.14%
Williams-Sonoma IncWSM	FLQM +1.06 points	1.17%	0.11%
Cincinnati Financial CorpCINF	FLQM +1.01 points	1.11%	0.10%
Paychex IncPAYX	FLQM +1.01 points	1.14%	0.13%
American Water Works Co IAWK	FLQM +0.96 points	1.07%	0.11%
Garmin LtdGRMN	FLQM +0.95 points	1.15%	0.20%
Prudential Financial IncPRU	FLQM +0.94 points	1.11%	0.17%
Dollar General CorpDG	FLQM +0.94 points	1.05%	0.11%
Allstate CorpALL	FLQM +0.92 points	1.16%	0.24%
Fastenal CoFAST	FLQM +0.89 points	1.13%	0.24%
Kroger CoKR	FLQM +0.88 points	1.02%	0.14%
Ebay IncEBAY	FLQM +0.87 points	1.05%	0.18%
Yum! Brands IncYUM	FLQM +0.86 points	1.02%	0.16%
Royalty Pharma Plc- Class ARPRX	FLQM +0.85 points	0.95%	0.10%
Hartford Insurance GroupHIG	FLQM +0.85 points	0.99%	0.14%
Becton Dickinson and CoBDX	FLQM +0.84 points	1.05%	0.21%
Best Buy Co IncBBY	FLQM +0.83 points	0.90%	0.07%
Otis Worldwide CorpOTIS	FLQM +0.82 points	0.92%	0.10%
Verisign IncVRSN	FLQM +0.81 points	0.91%	0.10%
Hp IncHPQ	FLQM +0.81 points	0.93%	0.12%
Sysco CorpSYY	FLQM +0.80 points	0.96%	0.16%
Ferguson Enterprises IncFERG	FLQM +0.79 points	0.97%	0.18%
Omnicom GroupOMC	FLQM +0.79 points	0.88%	0.09%
Msci IncMSCI	FLQM +0.79 points	0.95%	0.16%
Tapestry IncTPR	FLQM +0.76 points	0.86%	0.10%
Hershey Co/TheHSY	FLQM +0.76 points	0.86%	0.10%
Synchrony FinancialSYF	FLQM +0.74 points	0.84%	0.10%
Netapp IncNTAP	FLQM +0.73 points	0.91%	0.18%
Viatris IncVTRS	FLQM +0.71 points	0.80%	0.09%
Devon Energy CorpDVN	FLQM +0.67 points	0.89%	0.22%
Tractor Supply CompanyTSCO	FLQM +0.67 points	0.74%	0.07%
T Rowe Price Group IncTROW	FLQM +0.66 points	0.75%	0.09%
Darden Restaurants IncDRI	FLQM +0.64 points	0.73%	0.09%
Snap-On IncSNA	FLQM +0.63 points	0.71%	0.08%
Targa Resources CorpTRGP	FLQM +0.61 points	0.85%	0.24%
Principal Financial GroupPFG	FLQM +0.59 points	0.69%	0.10%
General Mills IncGIS	FLQM +0.56 points	0.63%	0.07%
Apa CorpAPA	FLQM +0.55 points	0.61%	0.06%
Genuine Parts CoGPC	FLQM +0.55 points	0.62%	0.07%
Texas Roadhouse IncTXRH	FLQM +0.52 points	0.56%	0.04%
Zoetis IncZTS	FLQM +0.52 points	0.64%	0.12%
Wr Berkley CorpWRB	FLQM +0.51 points	0.57%	0.06%
Ralph Lauren CorpRL	FLQM +0.51 points	0.56%	0.05%
Ovintiv IncOVV	FLQM +0.50 points	0.57%	0.07%
C.h. Robinson Worldwide ICHRW	FLQM +0.49 points	0.56%	0.07%
Booz Allen Hamilton HoldiBAH	FLQM +0.48 points	0.52%	0.04%
Edison InternationalEIX	FLQM +0.47 points	0.56%	0.09%
Avery Dennison CorpAVY	FLQM +0.43 points	0.49%	0.06%
Rollins IncROL	FLQM +0.40 points	0.44%	0.04%
Clorox CompanyCLX	FLQM +0.41 points	0.45%	0.04%
Sei Investments CompanySEIC	FLQM +0.40 points	0.44%	0.04%
Fox Corp - Class AFOXA	FLQM +0.39 points	0.44%	0.05%
Permian Resources Corp-ClPR	FLQM +0.37 points	0.44%	0.07%
Unum GroupUNM	FLQM +0.35 points	0.41%	0.06%
Dt Midstream IncDTM	FLQM +0.34 points	0.39%	0.05%
Toro CoTTC	FLQM +0.32 points	0.36%	0.04%
Factset Research SystemsFDS	FLQM +0.31 points	0.35%	0.04%
Ally Financial IncALLY	FLQM +0.29 points	0.33%	0.04%
Donaldson Co IncDCI	FLQM +0.29 points	0.33%	0.04%
Mgic Investment CorpMTG	FLQM +0.28 points	0.30%	0.02%
Old Republic Intl CorpORI	FLQM +0.27 points	0.31%	0.04%
Aes CorpAES	FLQM +0.27 points	0.31%	0.04%
H&R Block IncHRB	FLQM +0.26 points	0.28%	0.02%
Columbia Banking System ICOLB	FLQM +0.26 points	0.29%	0.03%
Genpact LtdG	FLQM +0.25 points	0.27%	0.02%
Macy's IncM	FLQM +0.23 points	0.26%	0.03%
Millicom Intl Cellular S.TIGO	FLQM +0.24 points	0.27%	0.03%
Constellation Brands Inc-STZ	FLQM +0.24 points	0.31%	0.07%
Southwest Airlines CoLUV	FLQM +0.24 points	0.32%	0.08%
Onemain Holdings IncOMF	FLQM +0.22 points	0.25%	0.03%
Cf Industries Holdings InCF	FLQM +0.23 points	0.30%	0.07%
Pool CorpPOOL	FLQM +0.22 points	0.24%	0.02%
Fox Corp - Class BFOX	FLQM +0.22 points	0.25%	0.03%
Expand Energy CorpEXE	FLQM +0.21 points	0.29%	0.08%
Albertsons Cos Inc - ClasACI	FLQM +0.21 points	0.23%	0.02%
Antero Midstream CorpAM	FLQM +0.21 points	0.24%	0.03%
Chemed CorpCHE	FLQM +0.21 points	0.24%	0.03%
Prosperity Bancshares IncPB	FLQM +0.21 points	0.24%	0.03%
Commerce Bancshares IncCBSH	FLQM +0.20 points	0.23%	0.03%
National Fuel Gas CoNFG	FLQM +0.20 points	0.23%	0.03%
SS&C Technologies HoldingSSNC	FLQM +0.19 points	0.26%	0.07%
Msc Industrial Direct Co-MSM	FLQM +0.19 points	0.21%	0.02%
Idex CorpIEX	FLQM +0.19 points	0.26%	0.07%
Lkq CorpLKQ	FLQM +0.17 points	0.19%	0.02%
Bath & Body Works IncBBWI	FLQM +0.16 points	0.17%	0.01%
Ingredion IncINGR	FLQM +0.15 points	0.18%	0.03%
Robert Half IncRHI	FLQM +0.14 points	0.16%	0.02%
Lear CorpLEA	FLQM +0.14 points	0.16%	0.02%
Dolby Laboratories Inc-ClDLB	FLQM +0.14 points	0.15%	0.01%
Marketaxess Holdings IncMKTX	FLQM +0.14 points	0.16%	0.02%
Organon & CoOGN	FLQM +0.13 points	0.15%	0.02%
Amdocs LtdDOX	FLQM +0.13 points	0.16%	0.03%
Nexstar Media Group IncNXST	FLQM +0.13 points	0.15%	0.02%
Las Vegas Sands CorpLVS	FLQM +0.13 points	0.17%	0.04%
Sirius Xm Holdings IncSIRI	FLQM +0.12 points	0.14%	0.02%
Western Union CoWU	FLQM +0.09 points	0.10%	<0.01%
Chord Energy CorpCHRD	FLQM +0.09 points	0.12%	0.03%
Brown-Forman Corp-Class BBF.B	FLQM +0.08 points	0.10%	0.02%
Science Applications InteSAIC	FLQM +0.08 points	0.10%	0.02%
Adt IncADT	FLQM +0.07 points	0.08%	0.01%

All 119 FLQM holdings⁠All 593 VYM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FLQM vs VYM Cost

Overpaying FLQM vs VYM

$5,300

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FLQM 0.30%
$6,149
VYM 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FLQM 0.30%
VYM 0.04%
Overpaying

Year by year

Year	FLQM	VYM	Overpaying
10	$545	$73	$472
20	$2,113	$288	$1,825
30	$6,149	$849	$5,300

Expense ratio

0.30%FLQM
0.04%VYM, cheaper

VYM0.04%FLQM0.30%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VYM cheapest of 99 funds

FLQM 51st cheapest of 99 funds

FLQM vs VYM Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FLQM 1.57%; VYM 2.26%, better
Payout (12M): FLQM $0.98; VYM $3.68
Last payment: FLQM $0.19; VYM $0.89
Ex-dividend: FLQM Sep 18, 2026; VYM Sep 18, 2026
Paid on: FLQM Sep 25, 2026; VYM Sep 22, 2026
Frequency: FLQM Quarterly; VYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FLQMQuarterly · 38 paymentsAll FLQM payments⁠

VYMQuarterly · 39 paymentsAll VYM payments⁠

FLQM vs VYM Risk

Fall from peak · 5 years

FLQM
VYM

Risk facts

VolatilityStd dev, 3 years: FLQM 13.9%VYM 11.1%, better
Return per unit of riskSharpe ratio, 3 years: FLQM 0.81VYM 1.38, better
Worst fallMax drawdown, 5 years: FLQM −22.5%VYM −15.9%, better
Market sensitivityBeta, 5 years: FLQM 0.81VYM 0.74; Market = 1

FLQM and VYM in the news

All news⁠

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For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026VYM
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Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VYM
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VYM

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FLQM vs VYM

In short

Stated mandate

Why people hold it