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FLAX vs. FLCH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FLAX and FLCH is 0.50, 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. FLCH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Asia ex Japan ETF (FLAX) and Franklin FTSE China ETF (FLCH). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FLAX:

0.49

FLCH:

0.64

Sortino Ratio

FLAX:

0.86

FLCH:

1.16

Omega Ratio

FLAX:

1.11

FLCH:

1.16

Calmar Ratio

FLAX:

0.36

FLCH:

0.41

Martin Ratio

FLAX:

1.40

FLCH:

1.67

Ulcer Index

FLAX:

7.25%

FLCH:

13.72%

Daily Std Dev

FLAX:

19.99%

FLCH:

33.89%

Max Drawdown

FLAX:

-42.51%

FLCH:

-62.09%

Current Drawdown

FLAX:

-15.89%

FLCH:

-39.74%

Returns By Period

In the year-to-date period, FLAX achieves a 5.71% return, which is significantly lower than FLCH's 13.32% return.


FLAX

YTD

5.71%

1M

11.00%

6M

1.10%

1Y

9.12%

5Y*

6.62%

10Y*

N/A

FLCH

YTD

13.32%

1M

10.90%

6M

8.74%

1Y

20.63%

5Y*

-0.42%

10Y*

N/A

*Annualized

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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%.


Risk-Adjusted Performance

FLAX vs. FLCH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLAX
The Risk-Adjusted Performance Rank of FLAX is 5555
Overall Rank
The Sharpe Ratio Rank of FLAX is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of FLAX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of FLAX is 5656
Omega Ratio Rank
The Calmar Ratio Rank of FLAX is 5151
Calmar Ratio Rank
The Martin Ratio Rank of FLAX is 5050
Martin Ratio Rank

FLCH
The Risk-Adjusted Performance Rank of FLCH is 6565
Overall Rank
The Sharpe Ratio Rank of FLCH is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of FLCH is 7474
Sortino Ratio Rank
The Omega Ratio Rank of FLCH is 7474
Omega Ratio Rank
The Calmar Ratio Rank of FLCH is 5555
Calmar Ratio Rank
The Martin Ratio Rank of FLCH is 5656
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current FLAX Sharpe Ratio is 0.49, which is comparable to the FLCH Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of FLAX and FLCH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FLAX vs. FLCH - Dividend Comparison

FLAX's dividend yield for the trailing twelve months is around 2.95%, more than FLCH's 2.54% yield.


TTM20242023202220212020201920182017
FLAX
Franklin FTSE Asia ex Japan ETF
2.95%3.12%2.20%2.86%2.38%1.57%2.23%2.35%0.00%
FLCH
Franklin FTSE China ETF
2.54%2.88%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.


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Volatility

FLAX vs. FLCH - Volatility Comparison

The current volatility for Franklin FTSE Asia ex Japan ETF (FLAX) is 5.65%, while Franklin FTSE China ETF (FLCH) has a volatility of 6.81%. 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.


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