FLCA vs. FLSW

Last updated Jun 9, 2026

FLCA (Franklin FTSE Canada ETF) and FLSW (Franklin FTSE Switzerland ETF) are both exchange-traded funds - FLCA is a Canada Equities fund tracking the FTSE Canada RIC Capped Index, while FLSW is a Europe Equities fund tracking the FTSE Switzerland RIC Capped Index. Both are passively managed. Over the past 5 years, FLCA returned 11.54%/yr vs 6.39%/yr for FLSW. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.

Performance

FLCA vs. FLSW - Performance Comparison

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

Returns By Period

In the year-to-date period, FLCA achieves a 7.39% return, which is significantly higher than FLSW's 1.74% return.

FLCA

• 1D: 0.03%
• 1M: -0.26%
• YTD: 7.39%
• 6M: 10.52%
• 1Y: 28.43%
• 3Y*: 21.47%
• 5Y*: 11.54%
• 10Y*: —

FLSW

• 1D: -0.52%
• 1M: -1.51%
• YTD: 1.74%
• 6M: 5.66%
• 1Y: 11.98%
• 3Y*: 11.98%
• 5Y*: 6.39%
• 10Y*: —

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

FLCA vs. FLSW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLCA Franklin FTSE Canada ETF	7.39%	34.62%	13.02%	14.71%	-11.93%	28.67%	6.31%	28.42%	-11.01%
FLSW Franklin FTSE Switzerland ETF	1.74%	32.92%	-1.77%	16.79%	-18.14%	20.82%	13.25%	31.66%	-7.85%

Correlation

The correlation between FLCA and FLSW is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018	0.59

The correlation between FLCA and FLSW has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.

FLCA vs. FLSW - Sectors Allocation Comparison

Sectors	FLCA	FLSW
Financial Services	38.7%	18.0%
Energy	17.4%	-
Basic Materials	16.0%	7.7%
Industrials	10.4%	13.8%
Technology	8.3%	1.1%
Consumer Cyclical	3.3%	5.2%
Consumer Defensive	2.9%	14.0%
Utilities	2.2%	0.2%
Communication Services	0.5%	1.2%
Real Estate	0.2%	1.3%
Healthcare	-	37.4%

Return for Risk

FLCA vs. FLSW — Risk / Return Rank

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

FLCA

FLCA Risk / Return Rank: 69
FLCA Sharpe Ratio Rank: 68
FLCA Sortino Ratio Rank: 63
FLCA Omega Ratio Rank: 64
FLCA Calmar Ratio Rank: 73
FLCA Martin Ratio Rank: 78

FLSW

FLSW Risk / Return Rank: 23
FLSW Sharpe Ratio Rank: 24
FLSW Sortino Ratio Rank: 24
FLSW Omega Ratio Rank: 23
FLSW Calmar Ratio Rank: 22
FLSW Martin Ratio Rank: 24

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.

FLCA vs. FLSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Canada ETF (FLCA) and Franklin FTSE Switzerland ETF (FLSW). 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.

	FLCA	FLSW	Difference
Sharpe ratio: Return per unit of total volatility	2.01	0.77	+1.24
Sortino ratio: Return per unit of downside risk	2.65	1.20	+1.45
Omega ratio: Gain probability vs. loss probability	1.35	1.14	+0.21
Calmar ratio: Return relative to maximum drawdown	3.34	0.90	+2.44
Martin ratio: Return relative to average drawdown	13.55	2.89	+10.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCA vs. FLSW - Sharpe Ratio Comparison

The current FLCA Sharpe Ratio is 2.01, which is higher than the FLSW Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of FLCA and FLSW, 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

	FLCA	FLSW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	0.77	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.41	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.56	+0.04

Drawdowns

FLCA vs. FLSW - Drawdown Comparison

The maximum FLCA drawdown since its inception was -41.51%, which is greater than FLSW's maximum drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for FLCA and FLSW.

Drawdown Indicators

	FLCA	FLSW	Difference
Max Drawdown Largest peak-to-trough decline	-41.51%	-28.16%	-13.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-13.38%	+4.83%
Max Drawdown (3Y) Largest decline over 3 years	-12.58%	-13.38%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-24.23%	-28.16%	+3.93%
Current Drawdown Current decline from peak	-2.52%	-6.36%	+3.84%
Average Drawdown Average peak-to-trough decline	-5.90%	-5.96%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	4.16%	-2.06%

Volatility

FLCA vs. FLSW - Volatility Comparison

Franklin FTSE Canada ETF (FLCA) has a higher volatility of 4.42% compared to Franklin FTSE Switzerland ETF (FLSW) at 4.10%. This indicates that FLCA's price experiences larger fluctuations and is considered to be riskier than FLSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCA	FLSW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	4.10%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	12.28%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.25%	15.64%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	15.72%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	16.89%	+2.17%

FLCA vs. FLSW - Expense Ratio Comparison

Both FLCA and FLSW have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FLCA vs. FLSW - Dividend Comparison

FLCA's dividend yield for the trailing twelve months is around 1.73%, less than FLSW's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCA Franklin FTSE Canada ETF	1.73%	1.85%	2.50%	2.49%	2.20%	2.02%	2.49%	2.29%	3.03%	0.09%
FLSW Franklin FTSE Switzerland ETF	2.08%	2.12%	2.04%	2.36%	2.02%	1.86%	2.28%	1.15%	2.86%	0.00%

Frequently Asked Questions

Can I hold both FLCA and FLSW in my portfolio?

FLCA and FLSW have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCA or FLSW?

FLCA has higher volatility (4.42%) compared to FLSW (4.10%). In terms of maximum drawdown, FLCA dropped -41.51% vs FLSW's -28.16%.

Which ETF is better, FLCA or FLSW?

On 5-year performance, FLCA leads with 11.54% vs 6.39% for FLSW. Both ETFs have the same 0.09% expense ratio. On volatility, FLSW has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCA or FLSW?

Over the 5-year period, FLCA has performed better with a 11.54% return vs 6.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCA or FLSW?

FLCA and FLSW have the same expense ratio: 0.09% per year.

Which ETF pays a higher dividend yield, FLCA or FLSW?

FLSW has the higher dividend yield at 2.08%, compared with 1.73% for FLCA.

What is the main difference between FLCA and FLSW?

FLCA is categorized as Canada Equities, while FLSW is Europe Equities. FLCA tracks FTSE Canada RIC Capped Index, while FLSW tracks FTSE Switzerland RIC Capped Index.

Which has better risk-adjusted returns?

FLCA currently has the higher Sharpe Ratio (2.01 vs 0.77), 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.