{"url":"https://etfiq.com/compare/alternatives/flsp-vs-qai","section":"compare","title":"FLSP vs QAI: Correlation to the S&P 500 | ETFIQ","description":"FLSP and QAI both run multi-strategy strategies. Over the year to Nov 4, 2026, FLSP had a correlation of \u22120.13 with the S&P 500 and QAI +0.89.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, FLSP or QAI?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 4, 2026, FLSP\u2019s weekly returns had a correlation of \u22120.13 with the S&P 500 and QAI\u2019s +0.89, so FLSP moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, FLSP or QAI?","acceptedAnswer":{"@type":"Answer","text":"In the 26 weeks the S&P 500 fell, by 1.07% a week on average, FLSP averaged +0.23% and QAI \u22120.54%, so FLSP returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, FLSP or QAI?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, FLSP finished 7.9 percentage points ahead of cash and QAI finished 3.5 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, FLSP or QAI?","acceptedAnswer":{"@type":"Answer","text":"FLSP charges 0.65% a year and QAI charges 0.81%, so FLSP is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"FLSP vs QAI","item":"https://etfiq.com/compare/alternatives/flsp-vs-qai"}]},{"@type":"WebPage","name":"FLSP vs QAI: Correlation to the S&P 500","description":"FLSP and QAI both run multi-strategy strategies. Over the year to Nov 4, 2026, FLSP had a correlation of \u22120.13 with the S&P 500 and QAI +0.89.","url":"https://etfiq.com/compare/alternatives/flsp-vs-qai","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, FLSP moved less with the S&P 500 than QAI: correlation \u22120.13 against +0.89.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of FLSP and QAI","description":"FLSP and QAI both run multi-strategy strategies. Over the year to Nov 4, 2026, FLSP had a correlation of \u22120.13 with the S&P 500 and QAI +0.89.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/flsp-vs-qai","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6560,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / FLSP vs QAI \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n FLSP vs QAI: Correlation to the S&P 500\n\n Over the year to Nov 4, 2026, FLSP moved less with the S&P 500 than QAI: correlation \u22120.13 against +0.89.\n Copy this for sharing \n \n FLSP costs 0.16 points a year less; their one-year returns differ by 4.5 points.\n FLSP and QAI at a glance. As of Nov 4, 2026. Source: ETFIQ. FLSP QAI \n Expense ratio 0.65% 0.81% \n Net assets, FLSP as of Nov 3, 2026 and QAI as of Jul 31, 2026 $1.2bn $1.0bn \n Total return, 1 year +12.2% +7.7% \n Hold","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, FLSP against QAI, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/flsp-vs-qai","a":{"ticker":"FLSP","name":"Franklin Systematic Style Premia ETF","issuer":"Franklin","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, FLSP returned 12.2%. When the S&P 500 fell, it rose 0.23% a week.","url":"https://etfiq.com/funds/flsp","key_facts":[{"label":"Correlation with the S&P 500","value":"\u22120.13","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"\u22120.06","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"\u221221.2%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+7.9 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"2.7%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Dec 19, 2025","value":"$0.7132","as_of":"2025-12-19","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$1.2bn","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.65%","as_of":"2026-07-27","source":"485BPOS XBRL, Jul 27, 2026"}]},"b":{"ticker":"QAI","name":"NYLIM Hedge Multi-Strategy Tracker ETF","issuer":"New York Life Investments","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, QAI returned 7.7%, against 14.8% for IWV.","url":"https://etfiq.com/funds/qai","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.89","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.45","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"50.9%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+3.5 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"1.5%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Dec 30, 2025","value":"$0.5043","as_of":"2025-12-30","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$1.0bn","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.81%","as_of":"2026-08-26","source":"485BPOS XBRL, Aug 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/flsp-vs-qai"}