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ECH vs. FLLA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ECH vs. FLLA

Last updated Aug 2, 2026
Documentation

ECH (iShares MSCI Chile ETF) and FLLA (Franklin FTSE Latin America ETF) are both Latin America Equities funds - ECH tracks the MSCI Chile Investable Market Index while FLLA tracks the FTSE Latin America RIC Capped Index. Both are passively managed. Over the past 5 years, ECH returned 12.16%/yr vs 9.94%/yr for FLLA. Their 0.59 correlation means they have sometimes moved together and sometimes differently. ECH charges 0.59%/yr vs 0.19%/yr for FLLA.

Performance

ECH vs. FLLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Chile ETF (ECH) and Franklin FTSE Latin America ETF (FLLA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ECH achieves a -1.11% return, which is significantly lower than FLLA's 16.42% return.

ECH

1D
-1.23%
1M
0.51%
6M
-11.69%
YTD
-1.11%
1Y
33.73%
3Y*
11.11%
5Y*
12.16%
10Y*
3.52%
ALL TIME*
1.35%

FLLA

1D
0.04%
1M
4.57%
6M
1.61%
YTD
16.42%
1Y
41.47%
3Y*
11.67%
5Y*
9.94%
10Y*
—
ALL TIME*
6.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

ECH

iShares MSCI Chile ETF
$9.62M$13.53M$17.14M

FLLA

Franklin FTSE Latin America ETF
$649.19K$662.69K$1.07M

ECH vs. FLLA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ECH
iShares MSCI Chile ETF		-1.11%65.41%-8.67%9.01%25.12%-19.80%-7.13%-17.79%-2.51%
FLLA
Franklin FTSE Latin America ETF		16.42%51.81%-26.89%32.71%7.78%-8.93%-15.08%19.59%-2.78%

Correlation

The correlation between ECH and FLLA is 0.70, 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.

0.70

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

0.63

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

0.60

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2018

0.59

The correlation between ECH and FLLA shifts across timeframes, from 0.59 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.

ECH vs. FLLA - Sectors Allocation Comparison

Sectors
ECH
FLLA

Financial Services

22.9%
27.1%

Basic Materials

18.4%
18.1%

Industrials

16.6%
9.6%

Utilities

13.0%
9.8%

Consumer Cyclical

12.4%
2.8%

Real Estate

7.6%
3.0%

Consumer Defensive

7.5%
11.2%

Communication Services

1.7%
3.9%

Energy

-

11.3%

Healthcare

-

0.8%

Technology

-

0.4%

Financial Services

ECH
22.9%
FLLA
27.1%

Basic Materials

ECH
18.4%
FLLA
18.1%

Industrials

ECH
16.6%
FLLA
9.6%

Utilities

ECH
13.0%
FLLA
9.8%

Consumer Cyclical

ECH
12.4%
FLLA
2.8%

Real Estate

ECH
7.6%
FLLA
3.0%

Consumer Defensive

ECH
7.5%
FLLA
11.2%

Communication Services

ECH
1.7%
FLLA
3.9%

Energy

ECH

-

FLLA
11.3%

Healthcare

ECH

-

FLLA
0.8%

Technology

ECH

-

FLLA
0.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Chile ETF

Franklin FTSE Latin America ETF

Often compared with ECH:
ECH vs. EWZECH vs. EWWECH vs. EPUECH vs. EWZSECH vs. EPOLECH vs. EWYECH vs. SCHD
Often compared with FLLA:
FLLA vs. ILFFLLA vs. FLBRFLLA vs. ASEAFLLA vs. USDUFLLA vs. FTGCFLLA vs. EMCRFLLA vs. FLN

Return for Risk

ECH vs. FLLA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ECH
ECH Risk / Return Rank: 4949
Overall Rank
ECH Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
ECH Sortino Ratio Rank: 5454
Sortino Ratio Rank
ECH Omega Ratio Rank: 5252
Omega Ratio Rank
ECH Calmar Ratio Rank: 4949
Calmar Ratio Rank
ECH Martin Ratio Rank: 3535
Martin Ratio Rank
FLLA
FLLA Risk / Return Rank: 7777
Overall Rank
FLLA Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
FLLA Sortino Ratio Rank: 7979
Sortino Ratio Rank
FLLA Omega Ratio Rank: 8080
Omega Ratio Rank
FLLA Calmar Ratio Rank: 8282
Calmar Ratio Rank
FLLA Martin Ratio Rank: 6262
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.

ECH vs. FLLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) and Franklin FTSE Latin America ETF (FLLA). 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.

ECHFLLADifference
Sharpe ratioReturn per unit of total volatility
1.35
1.94

-0.59

Sortino ratioReturn per unit of downside risk
1.88
2.56

-0.69

Omega ratioGain probability vs. loss probability

1.23

1.33

-0.10

Calmar ratioReturn relative to maximum drawdown

1.75

3.04

-1.29

Martin ratioReturn relative to average drawdown

3.55

7.38

-3.83

ECH vs. FLLA - Sharpe Ratio Comparison

The current ECH Sharpe Ratio is 1.35, which is lower than the FLLA Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of ECH and FLLA, 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

ECH vs. FLLA - Drawdown Comparison

The maximum ECH drawdown since its inception was -74.08%, which is greater than FLLA's maximum drawdown of -53.88%. Use the drawdown chart below to compare losses from any high point for ECH and FLLA.

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Drawdown Indicators

ECHFLLADifference

Max Drawdown

Largest peak-to-trough decline

-74.08%

-53.88%

-20.20%

Max Drawdown (1Y)

Largest decline over 1 year

-19.74%

-13.75%

-5.99%

Max Drawdown (3Y)

Largest decline over 3 years

-20.51%

-27.76%

+7.25%

Max Drawdown (5Y)

Largest decline over 5 years

-25.59%

-28.32%

+2.73%

Max Drawdown (10Y)

Largest decline over 10 years

-66.89%

—

—

Current Drawdown

Current decline from peak

-26.52%

-7.96%

-18.56%

Average Drawdown

Average peak-to-trough decline

-37.41%

-13.42%

-23.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.71%

5.66%

+4.05%

Volatility

ECH vs. FLLA - Volatility Comparison

iShares MSCI Chile ETF (ECH) has a higher volatility of 6.38% compared to Franklin FTSE Latin America ETF (FLLA) at 4.91%. This indicates that ECH's price experiences larger fluctuations and is considered to be riskier than FLLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ECHFLLADifference

Volatility (1M)

Calculated over the trailing 1-month period

6.38%

4.91%

+1.47%

Volatility (6M)

Calculated over the trailing 6-month period

21.15%

17.61%

+3.54%

Volatility (1Y)

Calculated over the trailing 1-year period

25.69%

21.63%

+4.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.49%

22.66%

+4.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.22%

27.36%

-0.14%

ECH vs. FLLA - Expense Ratio Comparison

ECH has a 0.59% expense ratio, which is higher than FLLA's 0.19% expense ratio.

Dividends

ECH vs. FLLA - Dividend Comparison

ECH's dividend yield for the trailing twelve months is around 2.00%, less than FLLA's 4.71% yield.

PositionTTM20252024202320222021202020192018201720162015
ECH
iShares MSCI Chile ETF		2.00%2.01%3.12%4.77%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%
FLLA
Franklin FTSE Latin America ETF		4.71%6.06%7.04%5.45%9.55%7.60%2.12%3.18%0.48%0.00%0.00%0.00%

Frequently Asked Questions

ECH and FLLA have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECH has higher volatility (6.38%) compared to FLLA (4.91%). In terms of maximum drawdown, ECH dropped -74.08% vs FLLA's -53.88%.

On 5-year performance, ECH leads with 12.16% vs 9.94% for FLLA. On fees, FLLA is cheaper at 0.19% per year. On volatility, FLLA has been the lower-risk option at 4.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ECH has performed better with a 12.16% return vs 9.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLLA is cheaper with a 0.19% expense ratio, compared with 0.59% for ECH.

FLLA has the higher dividend yield at 4.71%, compared with 2.00% for ECH.

ECH tracks MSCI Chile Investable Market Index, while FLLA tracks FTSE Latin America RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.59% for ECH and 0.19% for FLLA.

FLLA currently has the higher Sharpe Ratio (1.94 vs 1.35), 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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