FLBR vs. FLCH

Last updated Jun 5, 2026

FLBR (Franklin FTSE Brazil ETF) and FLCH (Franklin FTSE China ETF) are both exchange-traded funds - FLBR is a Latin America Equities fund tracking the FTSE Brazil RIC Capped Index, while FLCH is a China Equities fund tracking the FTSE China RIC Capped Index. Both are passively managed. Over the past 5 years, FLBR returned 5.65%/yr vs -4.99%/yr for FLCH. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.19% expense ratio.

Performance

FLBR vs. FLCH - Performance Comparison

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

Returns By Period

In the year-to-date period, FLBR achieves a 15.72% return, which is significantly higher than FLCH's -6.60% return.

FLBR

• 1D: 0.52%
• 1M: -11.50%
• YTD: 15.72%
• 6M: 9.48%
• 1Y: 36.99%
• 3Y*: 13.91%
• 5Y*: 5.65%
• 10Y*: —

FLCH

• 1D: -0.31%
• 1M: -2.97%
• YTD: -6.60%
• 6M: -7.51%
• 1Y: 5.91%
• 3Y*: 10.54%
• 5Y*: -4.99%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLBR vs. FLCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLBR Franklin FTSE Brazil ETF	15.72%	45.57%	-27.58%	33.19%	10.44%	-16.78%	-20.13%	28.47%	-2.13%	2.27%
FLCH Franklin FTSE China ETF	-6.60%	32.55%	18.00%	-11.21%	-22.74%	-20.87%	30.09%	24.32%	-19.52%	0.91%

Correlation

The correlation between FLBR and FLCH is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.39

FLBR vs. FLCH - Sectors Allocation Comparison

Sectors	FLBR	FLCH
Financial Services	28.0%	18.2%
Energy	19.4%	3.7%
Basic Materials	15.9%	5.5%
Utilities	14.7%	2.0%
Industrials	7.8%	9.1%
Consumer Defensive	4.5%	3.3%
Healthcare	2.7%	5.3%
Consumer Cyclical	2.4%	23.4%
Communication Services	1.8%	14.2%
Real Estate	0.8%	1.7%
Technology	0.7%	12.9%

Return for Risk

FLBR vs. FLCH — Risk / Return Rank

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

FLBR

FLBR Risk / Return Rank: 44
FLBR Sharpe Ratio Rank: 43
FLBR Sortino Ratio Rank: 40
FLBR Omega Ratio Rank: 42
FLBR Calmar Ratio Rank: 48
FLBR Martin Ratio Rank: 44

FLCH

FLCH Risk / Return Rank: 14
FLCH Sharpe Ratio Rank: 14
FLCH Sortino Ratio Rank: 14
FLCH Omega Ratio Rank: 14
FLCH Calmar Ratio Rank: 14
FLCH Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLBR vs. FLCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil ETF (FLBR) 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.

	FLBR	FLCH	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.31	+1.17
Sortino ratio: Return per unit of downside risk	2.01	0.57	+1.44
Omega ratio: Gain probability vs. loss probability	1.27	1.07	+0.20
Calmar ratio: Return relative to maximum drawdown	2.34	0.38	+1.96
Martin ratio: Return relative to average drawdown	7.17	0.80	+6.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLBR vs. FLCH - Sharpe Ratio Comparison

The current FLBR Sharpe Ratio is 1.48, which is higher than the FLCH Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of FLBR and FLCH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLBR	FLCH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	0.31	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	-0.17	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.02	+0.14

Drawdowns

FLBR vs. FLCH - Drawdown Comparison

The maximum FLBR drawdown since its inception was -57.42%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for FLBR and FLCH.

Drawdown Indicators

	FLBR	FLCH	Difference
Max Drawdown Largest peak-to-trough decline	-57.42%	-62.09%	+4.67%
Max Drawdown (1Y) Largest decline over 1 year	-15.85%	-15.52%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-28.97%	-25.43%	-3.54%
Max Drawdown (5Y) Largest decline over 5 years	-32.74%	-55.78%	+23.04%
Current Drawdown Current decline from peak	-15.41%	-34.16%	+18.75%
Average Drawdown Average peak-to-trough decline	-18.62%	-30.53%	+11.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	7.43%	-2.26%

Volatility

FLBR vs. FLCH - Volatility Comparison

Franklin FTSE Brazil ETF (FLBR) has a higher volatility of 7.85% compared to Franklin FTSE China ETF (FLCH) at 6.59%. This indicates that FLBR's price experiences larger fluctuations and is considered to be riskier than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLBR	FLCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.85%	6.59%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	21.14%	13.67%	+7.47%
Volatility (1Y) Calculated over the trailing 1-year period	25.06%	19.20%	+5.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.68%	29.59%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.08%	27.91%	+5.17%

FLBR vs. FLCH - Expense Ratio Comparison

Both FLBR 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%.

Dividends

FLBR vs. FLCH - Dividend Comparison

FLBR's dividend yield for the trailing twelve months is around 6.66%, more than FLCH's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLBR Franklin FTSE Brazil ETF	6.66%	7.71%	7.68%	8.84%	11.99%	8.71%	2.32%	3.42%	3.72%	0.42%
FLCH Franklin FTSE China ETF	2.53%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%

Frequently Asked Questions

Can I hold both FLBR and FLCH in my portfolio?

FLBR and FLCH have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLBR or FLCH?

FLBR has higher volatility (7.85%) compared to FLCH (6.59%). In terms of maximum drawdown, FLBR dropped -57.42% vs FLCH's -62.09%.

Which ETF is better, FLBR or FLCH?

On 5-year performance, FLBR leads with 5.65% vs -4.99% for FLCH. Both ETFs have the same 0.19% expense ratio. On volatility, FLCH has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLBR or FLCH?

Over the 5-year period, FLBR has performed better with a 5.65% return vs -4.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLBR or FLCH?

FLBR and FLCH have the same expense ratio: 0.19% per year.

Which ETF pays a higher dividend yield, FLBR or FLCH?

FLBR has the higher dividend yield at 6.66%, compared with 2.53% for FLCH.

What is the main difference between FLBR and FLCH?

FLBR is categorized as Latin America Equities, while FLCH is China Equities. FLBR tracks FTSE Brazil RIC Capped Index, while FLCH tracks FTSE China RIC Capped Index.

Which has better risk-adjusted returns?

FLBR currently has the higher Sharpe Ratio (1.48 vs 0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.