Correlation
The correlation between CGRO and FLCH is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
CGRO vs. FLCH
Compare and contrast key facts about CoreValues Alpha Greater China Growth ETF (CGRO) and Franklin FTSE China ETF (FLCH).
CGRO and FLCH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGRO is an actively managed fund by CoreValues Alpha. It was launched on Oct 2, 2023. FLCH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE China RIC Capped Index. It was launched on Nov 2, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGRO or FLCH.
Performance
CGRO vs. FLCH - Performance Comparison
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Key characteristics
CGRO:
0.68
FLCH:
0.64
CGRO:
1.28
FLCH:
1.07
CGRO:
1.17
FLCH:
1.15
CGRO:
1.15
FLCH:
0.37
CGRO:
2.29
FLCH:
1.60
CGRO:
12.43%
FLCH:
12.80%
CGRO:
38.74%
FLCH:
33.92%
CGRO:
-24.69%
FLCH:
-62.09%
CGRO:
-10.77%
FLCH:
-40.09%
Returns By Period
In the year-to-date period, CGRO achieves a 10.58% return, which is significantly lower than FLCH's 12.66% return.
CGRO
10.58%
0.88%
14.88%
23.10%
N/A
N/A
N/A
FLCH
12.66%
2.52%
13.19%
21.58%
3.46%
-0.44%
N/A
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CGRO vs. FLCH - Expense Ratio Comparison
CGRO has a 0.75% expense ratio, which is higher than FLCH's 0.19% expense ratio.
Risk-Adjusted Performance
CGRO vs. FLCH — Risk-Adjusted Performance Rank
CGRO
FLCH
CGRO vs. FLCH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreValues Alpha Greater China Growth ETF (CGRO) 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.
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Dividends
CGRO vs. FLCH - Dividend Comparison
CGRO's dividend yield for the trailing twelve months is around 2.23%, less than FLCH's 2.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
CGRO CoreValues Alpha Greater China Growth ETF | 2.23% | 2.47% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLCH Franklin FTSE China ETF | 2.55% | 2.88% | 3.46% | 2.69% | 1.49% | 0.91% | 1.98% | 1.93% | 0.00% |
Drawdowns
CGRO vs. FLCH - Drawdown Comparison
The maximum CGRO drawdown since its inception was -24.69%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for CGRO and FLCH.
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Volatility
CGRO vs. FLCH - Volatility Comparison
CoreValues Alpha Greater China Growth ETF (CGRO) has a higher volatility of 7.81% compared to Franklin FTSE China ETF (FLCH) at 6.53%. This indicates that CGRO'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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