FLAX vs. FLIN
Compare and contrast key facts about Franklin FTSE Asia ex Japan ETF (FLAX) and Franklin FTSE India ETF (FLIN).
FLAX and FLIN 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. FLIN is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE India RIC Capped Index. It was launched on Feb 6, 2018. Both FLAX and FLIN 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 FLIN.
Performance
FLAX vs. FLIN - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FLAX having a 11.44% return and FLIN slightly higher at 11.55%.
FLAX
11.44%
-5.23%
2.69%
13.70%
4.16%
N/A
FLIN
11.55%
-4.72%
1.90%
21.52%
12.56%
N/A
Key characteristics
| FLAX | FLIN | |
|---|---|---|
| Sharpe Ratio | 0.91 | 1.45 |
| Sortino Ratio | 1.37 | 1.88 |
| Omega Ratio | 1.17 | 1.29 |
| Calmar Ratio | 0.46 | 2.06 |
| Martin Ratio | 4.15 | 7.51 |
| Ulcer Index | 3.62% | 2.86% |
| Daily Std Dev | 16.50% | 14.84% |
| Max Drawdown | -42.51% | -41.90% |
| Current Drawdown | -19.26% | -9.10% |
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FLAX vs. FLIN - Expense Ratio Comparison
Both FLAX and FLIN 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 FLIN is 0.57, 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.
Risk-Adjusted Performance
FLAX vs. FLIN - 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 India ETF (FLIN). 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. FLIN - Dividend Comparison
FLAX's dividend yield for the trailing twelve months is around 2.78%, more than FLIN's 1.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 2.78% | 2.20% | 2.86% | 2.39% | 1.58% | 2.23% | 2.35% |
FLIN Franklin FTSE India ETF | 1.58% | 0.73% | 0.73% | 2.26% | 0.69% | 0.90% | 0.92% |
Drawdowns
FLAX vs. FLIN - Drawdown Comparison
The maximum FLAX drawdown since its inception was -42.51%, roughly equal to the maximum FLIN drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for FLAX and FLIN. For additional features, visit the drawdowns tool.
Volatility
FLAX vs. FLIN - Volatility Comparison
Franklin FTSE Asia ex Japan ETF (FLAX) has a higher volatility of 5.25% compared to Franklin FTSE India ETF (FLIN) at 3.58%. This indicates that FLAX's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.