FLCA vs. PEP

Last updated Jun 23, 2026

FLCA (Franklin FTSE Canada ETF) is Canada Equities fund tracking the FTSE Canada RIC Capped Index, while PEP (PepsiCo, Inc.) is a stock. Over the past 5 years, FLCA returned 11.60%/yr vs 2.65%/yr for PEP. At a 0.24 correlation, their price movements are largely independent.

Performance

FLCA vs. PEP - Performance Comparison

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

Returns By Period

In the year-to-date period, FLCA achieves a 7.45% return, which is significantly higher than PEP's 0.11% return.

FLCA

• 1D: -0.15%
• 1M: -0.82%
• YTD: 7.45%
• 6M: 6.99%
• 1Y: 28.62%
• 3Y*: 21.84%
• 5Y*: 11.60%
• 10Y*: —

PEP

• 1D: -0.92%
• 1M: -5.42%
• YTD: 0.11%
• 6M: -2.29%
• 1Y: 13.51%
• 3Y*: -5.61%
• 5Y*: 2.65%
• 10Y*: 6.50%

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

FLCA vs. PEP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCA Franklin FTSE Canada ETF	7.45%	34.62%	13.02%	14.71%	-11.93%	28.67%	6.31%	28.42%	-15.55%	2.65%
PEP PepsiCo, Inc.	0.11%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	9.56%

Correlation

The correlation between FLCA and PEP is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.24

Over the past year, the correlation between FLCA and PEP has dropped to 0.03 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.

Return for Risk

FLCA vs. PEP — Risk / Return Rank

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

FLCA

FLCA Risk / Return Rank: 64
FLCA Sharpe Ratio Rank: 62
FLCA Sortino Ratio Rank: 57
FLCA Omega Ratio Rank: 58
FLCA Calmar Ratio Rank: 69
FLCA Martin Ratio Rank: 74

PEP

PEP Risk / Return Rank: 59
PEP Sharpe Ratio Rank: 63
PEP Sortino Ratio Rank: 58
PEP Omega Ratio Rank: 54
PEP Calmar Ratio Rank: 61
PEP Martin Ratio Rank: 62

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. PEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Canada ETF (FLCA) and PepsiCo, Inc. (PEP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLCA	PEP	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.62	+1.38
Sortino ratio: Return per unit of downside risk	2.63	1.10	+1.53
Omega ratio: Gain probability vs. loss probability	1.35	1.12	+0.22
Calmar ratio: Return relative to maximum drawdown	3.36	0.83	+2.53
Martin ratio: Return relative to average drawdown	13.46	2.03	+11.43

FLCA vs. PEP - Sharpe Ratio Comparison

The current FLCA Sharpe Ratio is 2.00, which is higher than the PEP Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of FLCA and PEP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLCA vs. PEP - Drawdown Comparison

The maximum FLCA drawdown since its inception was -41.51%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for FLCA and PEP.

Drawdown Indicators

	FLCA	PEP	Difference
Max Drawdown Largest peak-to-trough decline	-41.51%	-73.92%	+32.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-16.25%	+7.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.58%	-29.17%	+16.59%
Max Drawdown (5Y) Largest decline over 5 years	-24.23%	-30.32%	+6.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.32%	—
Current Drawdown Current decline from peak	-2.46%	-19.66%	+17.20%
Average Drawdown Average peak-to-trough decline	-5.88%	-13.65%	+7.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	6.66%	-4.53%

Volatility

FLCA vs. PEP - Volatility Comparison

The current volatility for Franklin FTSE Canada ETF (FLCA) is 4.48%, while PepsiCo, Inc. (PEP) has a volatility of 6.35%. This indicates that FLCA experiences smaller price fluctuations and is considered to be less risky than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCA	PEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	6.35%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	14.99%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	21.88%	-7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	18.43%	-1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.03%	19.71%	-0.68%

Dividends

FLCA vs. PEP - Dividend Comparison

FLCA's dividend yield for the trailing twelve months is around 1.02%, less than PEP's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCA Franklin FTSE Canada ETF	1.02%	1.85%	2.50%	2.49%	2.20%	2.02%	2.49%	2.29%	3.03%	0.09%	0.00%	0.00%
PEP PepsiCo, Inc.	4.24%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%

Frequently Asked Questions

Can I hold both FLCA and PEP in my portfolio?

FLCA and PEP have a correlation of 0.03, 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 PEP?

PEP has higher volatility (6.35%) compared to FLCA (4.48%). In terms of maximum drawdown, FLCA dropped -41.51% vs PEP's -73.92%.

Which has better risk-adjusted returns?

FLCA currently has the higher Sharpe Ratio (2.00 vs 0.62), 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.