FLCH vs. BTC-USD
FLCH (Franklin FTSE China ETF) is China Equities fund tracking the FTSE China RIC Capped Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, FLCH returned -5.07%/yr vs 9.74%/yr for BTC-USD. At a 0.16 correlation, their price movements are largely independent.
Performance
FLCH vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FLCH achieves a -8.28% return, which is significantly higher than BTC-USD's -26.27% return.
FLCH
- 1D
- 0.83%
- 1M
- -6.11%
- YTD
- -8.28%
- 6M
- -9.10%
- 1Y
- 3.67%
- 3Y*
- 9.03%
- 5Y*
- -5.07%
- 10Y*
- —
BTC-USD
- 1D
- 1.71%
- 1M
- -20.43%
- YTD
- -26.27%
- 6M
- -28.52%
- 1Y
- -39.20%
- 3Y*
- 36.94%
- 5Y*
- 9.74%
- 10Y*
- 57.23%
FLCH vs. BTC-USD - 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% |
BTC-USD Bitcoin | -26.27% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 87.54% |
Correlation
The correlation between FLCH and BTC-USD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.16 |
The correlation between FLCH and BTC-USD shifts across timeframes, from 0.16 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLCH vs. BTC-USD — Risk / Return Rank
FLCH
BTC-USD
FLCH vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.87 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | -0.77 | +0.88 |
| Martin ratioReturn relative to average drawdown | 0.25 | -1.33 | +1.58 |
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Drawdowns
FLCH vs. BTC-USD - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FLCH and BTC-USD.
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Drawdown Indicators
| FLCH | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -85.30% | +23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -51.21% | +34.07% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -51.21% | +25.78% |
Max Drawdown (5Y)Largest decline over 5 years | -55.78% | -76.67% | +20.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -35.34% | -48.27% | +12.93% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -42.36% | +11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 35.16% | -27.29% |
Volatility
FLCH vs. BTC-USD - Volatility Comparison
The current volatility for Franklin FTSE China ETF (FLCH) is 5.86%, while Bitcoin (BTC-USD) has a volatility of 11.97%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCH | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 11.97% | -6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 34.64% | -20.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 35.59% | -16.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 44.57% | -14.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 56.61% | -28.73% |
Frequently Asked Questions
FLCH and BTC-USD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.97%) compared to FLCH (5.86%). In terms of maximum drawdown, FLCH dropped -62.09% vs BTC-USD's -85.30%.
FLCH currently has the higher Sharpe Ratio (0.10 vs -0.92), 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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