BTC-USD vs. FLCH
BTC-USD (Bitcoin) is a cryptocurrency, while FLCH (Franklin FTSE China ETF) is China Equities fund tracking the FTSE China RIC Capped Index. Over the past 5 years, BTC-USD returned 9.74%/yr vs -5.07%/yr for FLCH. At a 0.16 correlation, their price movements are largely independent.
Performance
BTC-USD vs. FLCH - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -26.27% return, which is significantly lower than FLCH's -8.28% return.
BTC-USD
- 1D
- 1.71%
- 1M
- -20.43%
- YTD
- -26.27%
- 6M
- -28.52%
- 1Y
- -39.20%
- 3Y*
- 36.94%
- 5Y*
- 9.74%
- 10Y*
- 57.23%
FLCH
- 1D
- 0.83%
- 1M
- -6.11%
- YTD
- -8.28%
- 6M
- -9.10%
- 1Y
- 3.67%
- 3Y*
- 9.03%
- 5Y*
- -5.07%
- 10Y*
- —
BTC-USD vs. FLCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -26.27% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 87.54% |
FLCH Franklin FTSE China ETF | -8.28% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 1.51% |
Correlation
The correlation between BTC-USD and FLCH is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.16 |
The correlation between BTC-USD and FLCH shifts across timeframes, from 0.16 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. FLCH — Risk / Return Rank
BTC-USD
FLCH
BTC-USD vs. FLCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Franklin FTSE China ETF (FLCH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BTC-USD | FLCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.03 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 0.12 | -0.88 |
| Martin ratioReturn relative to average drawdown | -1.33 | 0.25 | -1.58 |
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Drawdowns
BTC-USD vs. FLCH - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than FLCH's maximum drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for BTC-USD and FLCH.
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Drawdown Indicators
| BTC-USD | FLCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -62.09% | -23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -17.14% | -34.07% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -25.43% | -25.78% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -55.78% | -20.89% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -48.27% | -35.34% | -12.93% |
Average DrawdownAverage peak-to-trough decline | -42.36% | -30.53% | -11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.16% | 7.87% | +27.29% |
Volatility
BTC-USD vs. FLCH - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.97% compared to Franklin FTSE China ETF (FLCH) at 5.86%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | FLCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 5.86% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 34.64% | 13.73% | +20.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.59% | 19.26% | +16.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.57% | 29.60% | +14.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.61% | 27.88% | +28.73% |
Frequently Asked Questions
BTC-USD and FLCH have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.97%) compared to FLCH (5.86%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs FLCH's -62.09%.
FLCH currently has the higher Sharpe Ratio (0.10 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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