FLAX vs. FDD
Compare and contrast key facts about Franklin FTSE Asia ex Japan ETF (FLAX) and First Trust STOXX European Select Dividend Index Fund (FDD).
FLAX and FDD 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. FDD is a passively managed fund by First Trust that tracks the performance of the STOXX Europe Select Dividend 30. It was launched on Aug 27, 2007. Both FLAX and FDD 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: FLAX or FDD.
Key characteristics
| FLAX | FDD | |
|---|---|---|
| YTD Return | 2.80% | -0.59% |
| 1Y Return | 7.12% | 6.57% |
| 3Y Return (Ann) | -7.16% | -1.06% |
| 5Y Return (Ann) | 1.97% | 3.55% |
| Sharpe Ratio | 0.56 | 0.54 |
| Daily Std Dev | 15.11% | 14.23% |
| Max Drawdown | -42.51% | -74.76% |
| Current Drawdown | -25.52% | -19.44% |
Correlation
The correlation between FLAX and FDD is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLAX vs. FDD - Performance Comparison
In the year-to-date period, FLAX achieves a 2.80% return, which is significantly higher than FDD's -0.59% 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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FLAX vs. FDD - Expense Ratio Comparison
FLAX has a 0.19% expense ratio, which is lower than FDD's 0.58% expense ratio.
Risk-Adjusted Performance
FLAX vs. FDD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex Japan ETF (FLAX) and First Trust STOXX European Select Dividend Index Fund (FDD). 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
FLAX vs. FDD - Dividend Comparison
FLAX's dividend yield for the trailing twelve months is around 2.14%, less than FDD's 6.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 2.14% | 2.20% | 2.86% | 2.37% | 1.57% | 2.23% | 2.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDD First Trust STOXX European Select Dividend Index Fund | 6.97% | 6.85% | 6.07% | 3.44% | 4.01% | 4.69% | 5.05% | 2.78% | 4.88% | 4.35% | 4.30% | 3.62% |
Drawdowns
FLAX vs. FDD - Drawdown Comparison
The maximum FLAX drawdown since its inception was -42.51%, smaller than the maximum FDD drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for FLAX and FDD. For additional features, visit the drawdowns tool.
Volatility
FLAX vs. FDD - Volatility Comparison
Franklin FTSE Asia ex Japan ETF (FLAX) has a higher volatility of 4.28% compared to First Trust STOXX European Select Dividend Index Fund (FDD) at 3.93%. This indicates that FLAX's price experiences larger fluctuations and is considered to be riskier than FDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.