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DVYA vs. FLAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DVYA vs. FLAX

Last updated Aug 4, 2026
Documentation

DVYA (iShares Asia/Pacific Dividend ETF) and FLAX (Franklin FTSE Asia ex Japan ETF) are both Asia Pacific Equities funds - DVYA tracks the Dow Jones Asia/Pacific Select Dividend 30 Index while FLAX tracks the FTSE Asia ex Japan RIC Capped Index. Both are passively managed. Over the past 5 years, DVYA returned 11.40%/yr vs 7.36%/yr for FLAX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. DVYA charges 0.49%/yr vs 0.19%/yr for FLAX.

Performance

DVYA vs. FLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia/Pacific Dividend ETF (DVYA) and Franklin FTSE Asia ex Japan ETF (FLAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DVYA achieves a 17.53% return, which is significantly lower than FLAX's 18.79% return.

DVYA

1D
-0.65%
1M
6.67%
6M
7.83%
YTD
17.53%
1Y
33.61%
3Y*
21.36%
5Y*
11.40%
10Y*
6.57%
ALL TIME*
5.46%

FLAX

1D
0.54%
1M
-1.91%
6M
10.34%
YTD
18.79%
1Y
36.91%
3Y*
20.45%
5Y*
7.36%
10Y*
—
ALL TIME*
7.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DVYA

iShares Asia/Pacific Dividend ETF
$231.55K$344.93K$287.92K

FLAX

Franklin FTSE Asia ex Japan ETF
$248.06K$233.38K$338.53K

DVYA vs. FLAX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DVYA
iShares Asia/Pacific Dividend ETF		17.53%30.22%6.05%13.75%-2.17%3.41%-9.61%14.70%-12.37%
FLAX
Franklin FTSE Asia ex Japan ETF		18.79%33.72%9.82%6.27%-18.88%-3.54%24.17%17.19%-14.34%

Correlation

The correlation between DVYA and FLAX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.57

Correlation (3Y)
Balances recent behavior with more history.

0.68

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.69

Correlation (All Time)
Calculated using the full available price history since Feb 8, 2018

0.67

The correlation between DVYA and FLAX shifts across timeframes, from 0.57 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

DVYA vs. FLAX - Sectors Allocation Comparison

Sectors
DVYA
FLAX

Financial Services

34.1%
16.0%

Basic Materials

15.4%
3.4%

Consumer Cyclical

10.9%
8.1%

Real Estate

9.6%
1.6%

Industrials

6.3%
7.9%

Energy

5.0%
2.3%

Consumer Defensive

4.8%
2.3%

Communication Services

4.3%
5.6%

Utilities

4.2%
1.8%

Healthcare

3.7%
3.0%

Technology

1.6%
48.1%

Financial Services

DVYA
34.1%
FLAX
16.0%

Basic Materials

DVYA
15.4%
FLAX
3.4%

Consumer Cyclical

DVYA
10.9%
FLAX
8.1%

Real Estate

DVYA
9.6%
FLAX
1.6%

Industrials

DVYA
6.3%
FLAX
7.9%

Energy

DVYA
5.0%
FLAX
2.3%

Consumer Defensive

DVYA
4.8%
FLAX
2.3%

Communication Services

DVYA
4.3%
FLAX
5.6%

Utilities

DVYA
4.2%
FLAX
1.8%

Healthcare

DVYA
3.7%
FLAX
3.0%

Technology

DVYA
1.6%
FLAX
48.1%

Compare stocks, funds, or ETFs

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iShares Asia/Pacific Dividend ETF

Franklin FTSE Asia ex Japan ETF

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Often compared with FLAX:
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Return for Risk

DVYA vs. FLAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DVYA
DVYA Risk / Return Rank: 9090
Overall Rank
DVYA Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DVYA Sortino Ratio Rank: 9292
Sortino Ratio Rank
DVYA Omega Ratio Rank: 9191
Omega Ratio Rank
DVYA Calmar Ratio Rank: 9090
Calmar Ratio Rank
DVYA Martin Ratio Rank: 8383
Martin Ratio Rank
FLAX
FLAX Risk / Return Rank: 6565
Overall Rank
FLAX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FLAX Sortino Ratio Rank: 5959
Sortino Ratio Rank
FLAX Omega Ratio Rank: 6767
Omega Ratio Rank
FLAX Calmar Ratio Rank: 7070
Calmar Ratio Rank
FLAX Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVYA vs. FLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia/Pacific Dividend ETF (DVYA) and Franklin FTSE Asia ex Japan ETF (FLAX). 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.

DVYAFLAXDifference
Sharpe ratioReturn per unit of total volatility
2.54
1.56

+0.97

Sortino ratioReturn per unit of downside risk
3.41
2.11

+1.31

Omega ratioGain probability vs. loss probability

1.44

1.30

+0.14

Calmar ratioReturn relative to maximum drawdown

3.91

2.58

+1.33

Martin ratioReturn relative to average drawdown

11.58

8.09

+3.49

DVYA vs. FLAX - Sharpe Ratio Comparison

The current DVYA Sharpe Ratio is 2.54, which is higher than the FLAX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of DVYA and FLAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DVYA vs. FLAX - Drawdown Comparison

The maximum DVYA drawdown since its inception was -45.61%, which is greater than FLAX's maximum drawdown of -42.51%. Use the drawdown chart below to compare losses from any high point for DVYA and FLAX.

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Drawdown Indicators

DVYAFLAXDifference

Max Drawdown

Largest peak-to-trough decline

-45.61%

-42.51%

-3.10%

Max Drawdown (1Y)

Largest decline over 1 year

-8.64%

-14.37%

+5.73%

Max Drawdown (3Y)

Largest decline over 3 years

-19.15%

-19.29%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-25.18%

-36.15%

+10.97%

Max Drawdown (10Y)

Largest decline over 10 years

-45.61%

—

—

Current Drawdown

Current decline from peak

-1.78%

-9.86%

+8.08%

Average Drawdown

Average peak-to-trough decline

-9.99%

-15.25%

+5.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

4.57%

-1.66%

Volatility

DVYA vs. FLAX - Volatility Comparison

The current volatility for iShares Asia/Pacific Dividend ETF (DVYA) is 3.43%, while Franklin FTSE Asia ex Japan ETF (FLAX) has a volatility of 8.77%. This indicates that DVYA experiences smaller price fluctuations and is considered to be less risky than FLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DVYAFLAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

8.77%

-5.34%

Volatility (6M)

Calculated over the trailing 6-month period

10.62%

21.61%

-10.99%

Volatility (1Y)

Calculated over the trailing 1-year period

13.33%

23.77%

-10.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.15%

19.92%

-4.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.41%

20.39%

-2.98%

DVYA vs. FLAX - Expense Ratio Comparison

DVYA has a 0.49% expense ratio, which is higher than FLAX's 0.19% expense ratio.

Dividends

DVYA vs. FLAX - Dividend Comparison

DVYA's dividend yield for the trailing twelve months is around 4.41%, more than FLAX's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
DVYA
iShares Asia/Pacific Dividend ETF		4.41%4.71%5.97%6.48%7.29%5.81%3.66%5.52%6.24%4.74%4.79%5.33%
FLAX
Franklin FTSE Asia ex Japan ETF		2.10%2.37%3.12%2.20%2.86%2.38%1.57%2.23%2.35%0.00%0.00%0.00%

Frequently Asked Questions

DVYA and FLAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLAX has higher volatility (8.77%) compared to DVYA (3.43%). In terms of maximum drawdown, DVYA dropped -45.61% vs FLAX's -42.51%.

On 5-year performance, DVYA leads with 11.40% vs 7.36% for FLAX. On fees, FLAX is cheaper at 0.19% per year. On volatility, DVYA has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DVYA has performed better with a 11.40% return vs 7.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLAX is cheaper with a 0.19% expense ratio, compared with 0.49% for DVYA.

DVYA has the higher dividend yield at 4.41%, compared with 2.10% for FLAX.

DVYA tracks Dow Jones Asia/Pacific Select Dividend 30 Index, while FLAX tracks FTSE Asia ex Japan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.49% for DVYA and 0.19% for FLAX.

DVYA currently has the higher Sharpe Ratio (2.54 vs 1.56), 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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