FLAX vs. FLCH
Compare and contrast key facts about Franklin FTSE Asia ex Japan ETF (FLAX) and Franklin FTSE China ETF (FLCH).
FLAX and FLCH 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. FLCH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE China RIC Capped Index. It was launched on Nov 2, 2017. Both FLAX and FLCH 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 FLCH.
Performance
FLAX vs. FLCH - Performance Comparison
Returns By Period
In the year-to-date period, FLAX achieves a 11.44% return, which is significantly lower than FLCH's 18.64% return.
FLAX
11.44%
-5.23%
2.69%
13.70%
4.16%
N/A
FLCH
18.64%
-4.54%
4.56%
12.45%
-1.80%
N/A
Key characteristics
| FLAX | FLCH | |
|---|---|---|
| Sharpe Ratio | 0.91 | 0.49 |
| Sortino Ratio | 1.37 | 0.92 |
| Omega Ratio | 1.17 | 1.12 |
| Calmar Ratio | 0.46 | 0.25 |
| Martin Ratio | 4.15 | 1.46 |
| Ulcer Index | 3.62% | 10.17% |
| Daily Std Dev | 16.50% | 30.55% |
| Max Drawdown | -42.51% | -62.09% |
| Current Drawdown | -19.26% | -46.53% |
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FLAX vs. FLCH - Expense Ratio Comparison
Both FLAX and FLCH 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%.
Correlation
The correlation between FLAX and FLCH is 0.85, 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.
Risk-Adjusted Performance
FLAX vs. FLCH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex Japan ETF (FLAX) 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.
Dividends
FLAX vs. FLCH - Dividend Comparison
FLAX's dividend yield for the trailing twelve months is around 2.78%, more than FLCH's 2.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 2.78% | 2.20% | 2.86% | 2.39% | 1.58% | 2.23% | 2.35% | 0.00% |
FLCH Franklin FTSE China ETF | 2.58% | 3.46% | 2.69% | 1.49% | 0.91% | 1.98% | 1.93% | 0.00% |
Drawdowns
FLAX vs. FLCH - Drawdown Comparison
The maximum FLAX drawdown since its inception was -42.51%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for FLAX and FLCH. For additional features, visit the drawdowns tool.
Volatility
FLAX vs. FLCH - Volatility Comparison
The current volatility for Franklin FTSE Asia ex Japan ETF (FLAX) is 5.25%, while Franklin FTSE China ETF (FLCH) has a volatility of 9.50%. This indicates that FLAX 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.