FLCH vs. ASHX

Last updated Jun 23, 2026

FLCH (Franklin FTSE China ETF) and ASHX (Xtrackers MSCI China A Inclusion Equity ETF) are both China Equities funds - FLCH tracks the FTSE China RIC Capped Index while ASHX tracks the MSCI China A Inclusion Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. FLCH charges 0.19%/yr vs 0.60%/yr for ASHX.

Performance

FLCH vs. ASHX - Performance Comparison

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

Returns By Period

FLCH

• 1D: 0.30%
• 1M: -3.87%
• YTD: -10.49%
• 6M: -11.51%
• 1Y: 2.54%
• 3Y*: 9.67%
• 5Y*: -5.32%
• 10Y*: —

ASHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCH vs. ASHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCH Franklin FTSE China ETF	-10.49%	32.55%	18.00%	-11.21%	-22.74%	-20.87%	30.09%	24.32%	-19.52%	1.51%
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.27%	-13.59%	-26.45%	2.64%	42.24%	35.03%	-27.51%	0.54%

Correlation

The correlation between FLCH and ASHX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.61

The correlation between FLCH and ASHX shifts across timeframes, from 0.34 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.

FLCH vs. ASHX - Sectors Allocation Comparison

Sectors	FLCH	ASHX
Consumer Cyclical	25.5%	7.1%
Technology	16.8%	14.1%
Industrials	15.5%	16.0%
Financial Services	14.4%	19.6%
Energy	12.6%	4.2%
Basic Materials	6.0%	9.6%
Communication Services	2.1%	1.5%
Healthcare	2.1%	7.9%
Utilities	2.0%	4.3%
Real Estate	1.6%	1.4%
Consumer Defensive	1.2%	14.3%

Return for Risk

FLCH vs. ASHX — Risk / Return Rank

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

FLCH

FLCH Risk / Return Rank: 10
FLCH Sharpe Ratio Rank: 10
FLCH Sortino Ratio Rank: 10
FLCH Omega Ratio Rank: 10
FLCH Calmar Ratio Rank: 10
FLCH Martin Ratio Rank: 10

ASHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FLCH vs. ASHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Xtrackers MSCI China A Inclusion Equity ETF (ASHX). 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	ASHX	Difference
Sharpe ratio: Return per unit of total volatility	0.13	—	—
Sortino ratio: Return per unit of downside risk	0.32	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.14	—	—
Martin ratio: Return relative to average drawdown	0.31	—	—

Drawdowns

Drawdown Indicators

	FLCH	ASHX	Difference
Max Drawdown Largest peak-to-trough decline	-62.09%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.78%	—	—
Current Drawdown Current decline from peak	-36.90%	—	—
Average Drawdown Average peak-to-trough decline	-30.55%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.23%	—	—

Volatility

Volatility by Period

	FLCH	ASHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.63%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.86%	—	—

FLCH vs. ASHX - Expense Ratio Comparison

FLCH has a 0.19% expense ratio, which is lower than ASHX's 0.60% expense ratio.

Dividends

FLCH vs. ASHX - Dividend Comparison

FLCH's dividend yield for the trailing twelve months is around 1.73%, while ASHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.00%	2.38%	1.76%	0.84%	0.80%	1.78%	1.07%	2.48%	19.46%	2.91%
FLCH Franklin FTSE China ETF	1.73%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLCH and ASHX in my portfolio?

FLCH and ASHX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLCH or ASHX?

On fees, FLCH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLCH or ASHX?

FLCH is cheaper with a 0.19% expense ratio, compared with 0.60% for ASHX.

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

FLCH has the higher dividend yield at 1.73%, compared with 0.00% for ASHX.

What is the main difference between FLCH and ASHX?

FLCH tracks FTSE China RIC Capped Index, while ASHX tracks MSCI China A Inclusion Index. They also come from different issuers: Franklin Templeton and Deutsche Bank. Their fees differ too: 0.19% for FLCH and 0.60% for ASHX.