EURUSD=X vs. FLCH
EURUSD=X (Euro / U.S. Dollar) is a currency, while FLCH (Franklin FTSE China ETF) is China Equities fund tracking the FTSE China RIC Capped Index. Over the past 5 years, EURUSD=X returned -0.91%/yr vs -5.07%/yr for FLCH. At a 0.23 correlation, their price movements are largely independent.
Performance
EURUSD=X vs. FLCH - Performance Comparison
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Returns By Period
In the year-to-date period, EURUSD=X achieves a -1.52% return, which is significantly higher than FLCH's -8.28% return.
EURUSD=X
- 1D
- -0.11%
- 1M
- -0.88%
- YTD
- -1.52%
- 6M
- -1.48%
- 1Y
- 0.14%
- 3Y*
- 2.34%
- 5Y*
- -0.91%
- 10Y*
- 0.32%
FLCH
- 1D
- 0.83%
- 1M
- -6.11%
- YTD
- -8.28%
- 6M
- -9.10%
- 1Y
- 3.67%
- 3Y*
- 9.03%
- 5Y*
- -5.07%
- 10Y*
- —
EURUSD=X vs. FLCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EURUSD=X Euro / U.S. Dollar | -1.52% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 3.43% |
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 EURUSD=X and FLCH is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.23 |
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Return for Risk
EURUSD=X vs. FLCH — Risk / Return Rank
EURUSD=X
FLCH
EURUSD=X vs. FLCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Euro / U.S. Dollar (EURUSD=X) 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.
| EURUSD=X | FLCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.12 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.04 | 0.25 | -0.29 |
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Drawdowns
EURUSD=X vs. FLCH - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -40.01%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and FLCH.
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Drawdown Indicators
| EURUSD=X | FLCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.01% | -62.09% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -17.14% | +11.95% |
Max Drawdown (3Y)Largest decline over 3 years | -8.83% | -25.43% | +16.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.89% | -55.78% | +34.89% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | — | — |
Current DrawdownCurrent decline from peak | -27.67% | -35.34% | +7.67% |
Average DrawdownAverage peak-to-trough decline | -23.44% | -30.53% | +7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 7.87% | -5.38% |
Volatility
EURUSD=X vs. FLCH - Volatility Comparison
The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.07%, while Franklin FTSE China ETF (FLCH) has a volatility of 5.86%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky 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
| EURUSD=X | FLCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 5.86% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 13.73% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 19.26% | -13.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 29.60% | -22.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 27.88% | -20.73% |
Frequently Asked Questions
EURUSD=X and FLCH have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCH has higher volatility (5.86%) compared to EURUSD=X (1.07%). In terms of maximum drawdown, EURUSD=X dropped -40.01% vs FLCH's -62.09%.
FLCH currently has the higher Sharpe Ratio (0.10 vs -0.02), 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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