FLAX vs. EZBC
Compare and contrast key facts about Franklin FTSE Asia ex Japan ETF (FLAX) and Franklin Bitcoin ETF (EZBC).
FLAX and EZBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLAX is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Asia ex Japan RIC Capped Index. It was launched on Feb 6, 2018. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both FLAX and EZBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLAX vs. EZBC - Performance Comparison
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FLAX vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 3.14% | 33.72% | 13.46% |
EZBC Franklin Bitcoin ETF | -22.55% | -6.56% | 100.18% |
Returns By Period
In the year-to-date period, FLAX achieves a 3.14% return, which is significantly higher than EZBC's -22.55% return.
FLAX
- 1D
- 3.31%
- 1M
- -9.20%
- YTD
- 3.14%
- 6M
- 7.81%
- 1Y
- 33.81%
- 3Y*
- 15.61%
- 5Y*
- 3.61%
- 10Y*
- —
EZBC
- 1D
- 1.90%
- 1M
- 3.29%
- YTD
- -22.55%
- 6M
- -40.81%
- 1Y
- -17.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FLAX vs. EZBC - Expense Ratio Comparison
Both FLAX and EZBC have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FLAX vs. EZBC — Risk / Return Rank
FLAX
EZBC
FLAX vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex Japan ETF (FLAX) and Franklin Bitcoin ETF (EZBC). 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.
| FLAX | EZBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | -0.40 | +2.12 |
Sortino ratioReturn per unit of downside risk | 2.39 | -0.29 | +2.68 |
Omega ratioGain probability vs. loss probability | 1.35 | 0.97 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | -0.39 | +2.96 |
Martin ratioReturn relative to average drawdown | 10.05 | -0.84 | +10.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLAX | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | -0.40 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.36 | -0.05 |
Correlation
The correlation between FLAX and EZBC is 0.32, 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.
Dividends
FLAX vs. EZBC - Dividend Comparison
FLAX's dividend yield for the trailing twelve months is around 2.30%, while EZBC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 2.30% | 2.37% | 3.12% | 2.20% | 2.86% | 2.38% | 1.57% | 2.23% | 2.35% |
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLAX vs. EZBC - Drawdown Comparison
The maximum FLAX drawdown since its inception was -42.51%, smaller than the maximum EZBC drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for FLAX and EZBC.
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Drawdown Indicators
| FLAX | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.51% | -49.37% | +6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -49.37% | +36.38% |
Max Drawdown (5Y)Largest decline over 5 years | -39.07% | — | — |
Current DrawdownCurrent decline from peak | -10.12% | -46.09% | +35.97% |
Average DrawdownAverage peak-to-trough decline | -15.70% | -14.12% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 23.07% | -19.75% |
Volatility
FLAX vs. EZBC - Volatility Comparison
The current volatility for Franklin FTSE Asia ex Japan ETF (FLAX) is 9.89%, while Franklin Bitcoin ETF (EZBC) has a volatility of 13.08%. This indicates that FLAX experiences smaller price fluctuations and is considered to be less risky than EZBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLAX | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 13.08% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 36.80% | -22.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.67% | 45.40% | -25.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 51.13% | -32.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 51.13% | -31.38% |