EWH vs. FLHK
Compare and contrast key facts about iShares MSCI Hong Kong ETF (EWH) and Franklin FTSE Hong Kong ETF (FLHK).
EWH and FLHK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWH is a passively managed fund by iShares that tracks the performance of the MSCI Hong Kong Index. It was launched on Mar 12, 1996. FLHK is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Hong Kong RIC Capped Index. It was launched on Nov 2, 2017. Both EWH and FLHK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWH or FLHK.
Key characteristics
| EWH | FLHK | |
|---|---|---|
| YTD Return | 5.98% | 4.06% |
| 1Y Return | 7.62% | 6.30% |
| 3Y Return (Ann) | -6.44% | -6.69% |
| 5Y Return (Ann) | -3.14% | -2.55% |
| Sharpe Ratio | 0.52 | 0.47 |
| Sortino Ratio | 0.89 | 0.82 |
| Omega Ratio | 1.11 | 1.10 |
| Calmar Ratio | 0.29 | 0.26 |
| Martin Ratio | 1.38 | 1.27 |
| Ulcer Index | 8.95% | 8.66% |
| Daily Std Dev | 23.56% | 23.55% |
| Max Drawdown | -66.43% | -41.81% |
| Current Drawdown | -28.01% | -28.92% |
Correlation
The correlation between EWH and FLHK is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EWH vs. FLHK - Performance Comparison
In the year-to-date period, EWH achieves a 5.98% return, which is significantly higher than FLHK's 4.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWH vs. FLHK - Expense Ratio Comparison
EWH has a 0.49% expense ratio, which is higher than FLHK's 0.09% expense ratio.
Risk-Adjusted Performance
EWH vs. FLHK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Hong Kong ETF (EWH) and Franklin FTSE Hong Kong ETF (FLHK). 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.
Dividends
EWH vs. FLHK - Dividend Comparison
EWH's dividend yield for the trailing twelve months is around 4.33%, less than FLHK's 5.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWH iShares MSCI Hong Kong ETF | 4.33% | 4.28% | 2.91% | 2.78% | 2.56% | 2.71% | 2.93% | 4.35% | 3.08% | 2.63% | 3.52% | 2.96% |
FLHK Franklin FTSE Hong Kong ETF | 5.22% | 5.40% | 3.85% | 2.81% | 3.11% | 3.00% | 2.60% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWH vs. FLHK - Drawdown Comparison
The maximum EWH drawdown since its inception was -66.43%, which is greater than FLHK's maximum drawdown of -41.81%. Use the drawdown chart below to compare losses from any high point for EWH and FLHK. For additional features, visit the drawdowns tool.
Volatility
EWH vs. FLHK - Volatility Comparison
iShares MSCI Hong Kong ETF (EWH) and Franklin FTSE Hong Kong ETF (FLHK) have volatilities of 10.66% and 10.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.