- ISIN
- US35473P6604
- CUSIP
- 35473P660
- Issuer
- Franklin Templeton
- Inception Date
- Feb 6, 2018
- Region
- Broad Asia (Pacific ex-Japan)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Asia ex Japan RIC Capped Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $53M
Share Price Chart
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Performance
FLAX Performance Chart
Franklin FTSE Asia ex Japan ETF (FLAX) is up 31.8% since the beginning of the year. FLAX is currently trading at $39 per share. Investors who bought $1,000 worth of FLAX shares 5 years ago would now be looking at an investment worth $1,524.
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Returns By Period
Franklin FTSE Asia ex Japan ETF (FLAX) has returned 31.78% so far this year and 58.82% over the past 12 months.
Franklin FTSE Asia ex Japan ETF
- 1D
- 0.78%
- 1M
- 8.52%
- YTD
- 31.78%
- 6M
- 33.66%
- 1Y
- 58.82%
- 3Y*
- 26.34%
- 5Y*
- 8.79%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 8, 2018, FLAX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +19.8%, while the worst month was Mar 2020 at -12.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FLAX closed higher 50% of trading days. The best single day was Mar 16, 2022 with a return of +8.6%, while the worst single day was Mar 16, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.36% | 5.81% | -9.20% | 13.69% | 7.99% | 4.07% | 31.78% | ||||||
| 2025 | 0.67% | 1.31% | 1.06% | -0.21% | 4.63% | 7.04% | 1.68% | 2.69% | 6.37% | 4.38% | -1.79% | 1.97% | 33.72% |
| 2024 | -5.25% | 4.69% | 2.81% | 0.60% | 2.85% | 2.59% | 0.58% | 1.10% | 7.14% | -3.56% | -2.12% | -1.35% | 9.82% |
| 2023 | 8.71% | -7.35% | 3.41% | -1.62% | -2.35% | 3.26% | 5.99% | -5.86% | -3.07% | -2.84% | 6.02% | 3.23% | 6.27% |
| 2022 | -1.27% | -2.98% | -3.96% | -5.60% | 0.90% | -2.99% | -1.73% | -1.15% | -12.45% | -5.06% | 19.76% | -1.30% | -18.88% |
| 2021 | 4.79% | 1.88% | -2.21% | 0.96% | 1.06% | 0.40% | -6.65% | 1.43% | -4.08% | 1.36% | -3.21% | 1.21% | -3.54% |
Benchmark Metrics
Franklin FTSE Asia ex Japan ETF has an annualized alpha of 0.24%, beta of 0.72, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since February 08, 2018.
- This ETF participated in 74.30% of S&P 500 Index downside but only 63.64% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.47 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.24%
- Beta
- 0.72
- R²
- 0.47
- Upside Capture
- 63.64%
- Downside Capture
- 74.30%
Expense Ratio
FLAX has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
FLAX ranks 86 for risk / return — in the top 86% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin FTSE Asia ex Japan ETF (FLAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 2.78 | +1.77 |
| Martin ratioReturn relative to average drawdown | 16.96 | 12.44 | +4.52 |
Dividends
Dividend History
Franklin FTSE Asia ex Japan ETF provided a 1.38% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.70 | $0.71 | $0.47 | $0.59 | $0.62 | $0.43 | $0.50 | $0.46 |
Dividend yield | 1.38% | 2.37% | 3.12% | 2.20% | 2.86% | 2.38% | 1.57% | 2.23% | 2.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin FTSE Asia ex Japan ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.70 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.71 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin FTSE Asia ex Japan ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin FTSE Asia ex Japan ETF was 42.51%, occurring on Oct 24, 2022. Recovery took 722 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -42.51%Oct 2022 | 1y 8mo | 2y 10mo | 4y 6moFeb 2021 - Sep 2025 |
COVID crash2020 | -29.75%Mar 2020 | 2y 4d | 4mo 14d | 2y 4moMar 2018 - Aug 2020 |
2026 correction2026 | -12.99%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2026 pullback2026 | -8.86%Jun 2026 | 2d | 17d | 19dJun 2026 - Jun 2026 |
2021 pullback2021 | -5.55%Jan 2021 | 7d | 11d | 18dJan 2021 - Feb 2021 |
Drawdown Indicators
| FLAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.51% | -56.78% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -9.10% | -3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -18.90% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -38.64% | -25.43% | -13.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -10.71% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.03% | +1.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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