Skip to content
etf.net

FLQS vs IMCV

Franklin U.S. Small Cap Multifactor Index ETF

FLQSCCboe

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Overlap

Expense ratio

IMCV −0.29pt a year

FLQS0.35%IMCV0.06%

Avg volume · 30D

IMCV 8.9×the volume

FLQS4.36KIMCV38.9K

5Y return · a year

IMCV +5.0pt

FLQS+5.8%IMCV+10.8%

FLQS vs IMCV Performance

Nov 2, 2021 – Nov 2, 2026

+32.4%FLQS+66.8%IMCV

Nov 2, 2021 to Nov 2, 2026. FLQS +32.4%. IMCV +66.8%. Use the arrow keys to read each point.−20%0%20%Nov 2021May 2024Nov 2026
Expense ratio
FLQS 0.35%
IMCV 0.06%, better
Fund size
FLQS $49M
IMCV $1.27B
1Y total return
FLQS +18.5%
IMCV +27.6%, better
Yield (12M)
FLQS 1.48%
IMCV 1.83%, better
Holdings
FLQS 492
IMCV 271
Avg volume (30D)
FLQS 4.36K sh
IMCV 38.9K sh, better
NAV per share
FLQS $49.07
IMCV $99.16
52W range

ETF.net Grade

FLQS: Cost 42, Risk 40, Mission 85, Tradability 22, Holdings 76, Durability 45. IMCV: Cost 96, Risk 77, Mission 76, Tradability 69, Holdings 69, Durability 77.
Pillar letters and Scores for FLQS, IMCV, with each pillar’s weight
PillarFLQSIMCV
Cost30% weightC42A96Higher
Mission25% weightA85HigherA76
Risk15% weightC40A77Higher
Tradability15% weightF22B69Higher
Holdings10% weightA76HigherB69
Durability5% weightC45A77Higher

Rank among US Multifactor funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FLQS and IMCV 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 ›

IMCV ranks 4th and FLQS 56th of 99 funds in the US Multifactor Category.

  1. Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
  2. Rank 2AILCViShares Morningstar Value ETFScore 81
  3. Rank 2AVYMVanguard High Dividend Yield ETFScore 81
  4. Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
  5. Rank 5ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 79
  6. Rank 56CAUSFGlobal X Adaptive U.S. Factor ETFScore 52
  7. Rank 56CFLQSFranklin U.S. Small Cap Multifactor Index ETFScore 52
  8. Rank 56CFNXFirst Trust Mid Cap Core AlphaDEX FundScore 52

Our read on each fund

ETF.net Research

FLQSCFranklin U.S. Small Cap Multifactor Index ETF

IMCVAiShares Morningstar Mid-Cap Value ETF

In short

FLQS Four screens (value, quality, momentum, low volatility) run across about 500 small U.S. companies. Franklin's LibertyQ recipe, live since 2017: small-cap breadth with a rules-based tilt instead of a plain size index.

IMCV No data

Stated mandate

FLQS The Fund seeks to track, before fees and expenses, the LibertyQ U.S. Small Cap Equity Index. It normally invests at least 80% of assets in the index's component securities.

IMCV No data

Why people hold it

  • FLQS Four factors in one ticket: value, quality, momentum and low volatility, blended by index rule rather than by a manager's mood.
  • Roughly 500 names spread single-stock accidents thin, which counts for more in small caps than anywhere else on the risk spectrum.
  • Sticks close to its LibertyQ benchmark, so the index rulebook is a fair description of what actually sits in the portfolio.
  • Same mandate since its 2017 launch, with income paid out quarterly.

IMCV No data

Worth knowing

  • FLQS 0.35% a year sits a shade above the typical multifactor peer, and above cheaper rules-based options such as FNDX at 0.25%.
  • One of the lighter-traded funds in its category, so bid-ask spreads can add cost beyond the headline fee.
  • Small caps swing harder than large caps. The low-volatility screen softens that ride, it does not remove it.

IMCV No data

Full FLQS profile⁠

Full IMCV profile⁠

FLQS vs IMCV 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.

FLQS vs IMCV Cost

Overpaying FLQS vs IMCV

$5,856

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

  • FLQS 0.35%

    $7,126

  • IMCV 0.06%

    $1,270

$10,000
30 years

Cost over time

  • FLQS 0.35%
  • IMCV 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FLQS $7,126IMCV $1,270

Year by year

YearFLQSIMCVOverpaying
10$634$110$524
20$2,454$432$2,022
30$7,126$1,270$5,856

Expense ratio

  • 0.35%FLQS
  • 0.06%IMCV, cheaper
  • Middle half of US Multifactor funds
  • Median 0.29%

IMCV 4th cheapest of 99 funds

FLQS 56th cheapest of 99 funds

FLQS vs IMCV Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
FLQS 1.48%
IMCV 1.83%, better
Payout (12M)
FLQS $0.73
IMCV $1.83
Last payment
FLQS $0.20
IMCV $0.52
Ex-dividend
FLQS Sep 18, 2026
IMCV Sep 15, 2026
Paid on
FLQS Sep 25, 2026
IMCV Sep 18, 2026
Frequency
FLQS Quarterly
IMCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FLQSQuarterly · 40 paymentsAll FLQS payments⁠
One bar per payment. 40 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.04; Sep 20, 2017 $0.10; Dec 20, 2017 $0.14; Mar 20, 2018 $0.02; Jun 20, 2018 $0.04; Sep 20, 2018 $0.11; Dec 20, 2018 $0.15; Mar 20, 2019 $0.04; Jun 11, 2019 $0.04; Sep 11, 2019 $0.17; Dec 11, 2019 $0.16; Mar 11, 2020 $0.04; Jun 11, 2020 $0.03; Sep 14, 2020 $0.17; Dec 14, 2020 $0.13; Mar 11, 2021 $0.04; Jun 10, 2021 $0.04; Sep 13, 2021 $0.09; Dec 13, 2021 $0.18; Dec 30, 2021 $0.03; Mar 10, 2022 $0.05; Jun 17, 2022 $0.05; Sep 16, 2022 $0.15; Dec 16, 2022 $0.20; Mar 17, 2023 $0.10; Jun 23, 2023 $0.12; Jul 3, 2023 $0.12; Sep 15, 2023 $0.09; Dec 15, 2023 $0.25; Mar 15, 2024 $0.04; Jun 21, 2024 $0.16; Sep 20, 2024 $0.16; Dec 20, 2024 $0.19; Mar 21, 2025 $0.09; Jun 27, 2025 $0.10; Sep 19, 2025 $0.12; Dec 19, 2025 $0.19; Mar 20, 2026 $0.21; Jun 26, 2026 $0.14; Sep 18, 2026 $0.20. Use the arrow keys to read each point.$0$0.502017202020232026YTD
IMCVQuarterly · 39 paymentsAll IMCV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.22; Jun 27, 2017 $0.24; Sep 26, 2017 $0.26; Dec 19, 2017 $0.27; Mar 22, 2018 $0.27; Jun 26, 2018 $0.27; Sep 26, 2018 $0.31; Dec 17, 2018 $0.35; Mar 20, 2019 $0.30; Jun 17, 2019 $0.33; Sep 24, 2019 $0.34; Dec 16, 2019 $0.41; Mar 25, 2020 $0.49; Jun 15, 2020 $0.27; Sep 23, 2020 $0.33; Dec 14, 2020 $0.27; Mar 25, 2021 $0.31; Jun 10, 2021 $0.24; Sep 24, 2021 $0.36; Dec 13, 2021 $0.36; Mar 24, 2022 $0.33; Jun 9, 2022 $0.27; Sep 26, 2022 $0.42; Dec 13, 2022 $0.44; Mar 23, 2023 $0.37; Jun 7, 2023 $0.28; Sep 26, 2023 $0.44; Dec 20, 2023 $0.47; Mar 21, 2024 $0.33; Jun 11, 2024 $0.37; Sep 25, 2024 $0.55; Dec 17, 2024 $0.52; Mar 18, 2025 $0.44; Jun 16, 2025 $0.44; Sep 16, 2025 $0.42; Dec 16, 2025 $0.54; Mar 17, 2026 $0.35; Jun 15, 2026 $0.42; Sep 15, 2026 $0.52. Use the arrow keys to read each point.$0$0.502017202020232026YTD

FLQS vs IMCV Risk

Fall from peak · 5 years

  • FLQS
  • IMCV
Nov 2, 2021 to Nov 2, 2026. Worst fall: FLQS −28.0% · Jun 2022. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
FLQS 17.4%IMCV 13.6%, better
Return per unit of riskSharpe ratio, 3 years
FLQS 0.69IMCV 1.22, better
Worst fallMax drawdown, 5 years
FLQS −28.0%IMCV −19.9%, better
Market sensitivityBeta, 5 years
FLQS 0.91IMCV 0.87

Popular comparisons

  • FLQSCvsVONVA

    Franklin U.S. Small Cap Multifactor Index ETF · Vanguard Russell 1000 Value ETF

    Expense ratio
    0.35% · 0.06%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IMCVAvsVONVA

    iShares Morningstar Mid-Cap Value ETF · Vanguard Russell 1000 Value ETF

    Expense ratio
    0.06% · 0.06%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FLQSCvsILCVA

    Franklin U.S. Small Cap Multifactor Index ETF · iShares Morningstar Value ETF

    Expense ratio
    0.35% · 0.04%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IMCVAvsILCVA

    iShares Morningstar Mid-Cap Value ETF · iShares Morningstar Value ETF

    Expense ratio
    0.06% · 0.04%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FLQSCvsVYMA

    Franklin U.S. Small Cap Multifactor Index ETF · Vanguard High Dividend Yield ETF

    Expense ratio
    0.35% · 0.04%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IMCVAvsVYMA

    iShares Morningstar Mid-Cap Value ETF · Vanguard High Dividend Yield ETF

    Expense ratio
    0.06% · 0.04%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.