FLCH vs. ^NDX
FLCH (Franklin FTSE China ETF) is China Equities fund tracking the FTSE China RIC Capped Index, while ^NDX (NASDAQ 100 Index) is an index. Over the past 5 years, FLCH returned -5.07%/yr vs 16.18%/yr for ^NDX. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
FLCH vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, FLCH achieves a -8.28% return, which is significantly lower than ^NDX's 17.37% return.
FLCH
- 1D
- 0.83%
- 1M
- -6.11%
- YTD
- -8.28%
- 6M
- -9.10%
- 1Y
- 3.67%
- 3Y*
- 9.03%
- 5Y*
- -5.07%
- 10Y*
- —
^NDX
- 1D
- 0.64%
- 1M
- 0.19%
- YTD
- 17.37%
- 6M
- 17.62%
- 1Y
- 37.01%
- 3Y*
- 25.76%
- 5Y*
- 16.18%
- 10Y*
- 20.95%
FLCH vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | -8.28% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 1.51% |
^NDX NASDAQ 100 Index | 17.37% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 1.60% |
Correlation
The correlation between FLCH and ^NDX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.52 |
The correlation between FLCH and ^NDX shifts across timeframes, from 0.38 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLCH vs. ^NDX — Risk / Return Rank
FLCH
^NDX
FLCH vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and NASDAQ 100 Index (^NDX). 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.
| FLCH | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.36 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 2.92 | -2.81 |
| Martin ratioReturn relative to average drawdown | 0.25 | 10.85 | -10.60 |
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Drawdowns
FLCH vs. ^NDX - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for FLCH and ^NDX.
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Drawdown Indicators
| FLCH | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -82.90% | +20.81% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -12.12% | -5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -22.93% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -55.78% | -35.56% | -20.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.56% | — |
Current DrawdownCurrent decline from peak | -35.34% | -3.34% | -32.00% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -24.61% | -5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 3.26% | +4.61% |
Volatility
FLCH vs. ^NDX - Volatility Comparison
The current volatility for Franklin FTSE China ETF (FLCH) is 5.86%, while NASDAQ 100 Index (^NDX) has a volatility of 7.51%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCH | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 7.51% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 13.84% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 17.29% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 22.76% | +6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 22.61% | +5.27% |
Frequently Asked Questions
FLCH and ^NDX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^NDX has higher volatility (7.51%) compared to FLCH (5.86%). In terms of maximum drawdown, FLCH dropped -62.09% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.05 vs 0.10), 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.
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