FLCH vs. CGRO

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin FTSE China ETF (FLCH) and CoreValues Alpha Greater China Growth ETF (CGRO).

FLCH and CGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLCH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE China RIC Capped Index. It was launched on Nov 2, 2017. CGRO is an actively managed fund by CoreValues Alpha. It was launched on Oct 2, 2023.

Performance

FLCH vs. CGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE China ETF (FLCH) and CoreValues Alpha Greater China Growth ETF (CGRO). The values are adjusted to include any dividend payments, if applicable.

FLCH vs. CGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLCH Franklin FTSE China ETF	-5.65%	32.55%	18.00%	-2.88%
CGRO CoreValues Alpha Greater China Growth ETF	-11.71%	20.23%	14.75%	2.03%

Returns By Period

In the year-to-date period, FLCH achieves a -5.65% return, which is significantly higher than CGRO's -11.71% return.

FLCH

• 1D: 0.29%
• 1M: -4.32%
• YTD: -5.65%
• 6M: -12.56%
• 1Y: 7.43%
• 3Y*: 7.60%
• 5Y*: -4.85%
• 10Y*: —

CGRO

• 1D: 0.58%
• 1M: -3.12%
• YTD: -11.71%
• 6M: -23.59%
• 1Y: -8.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCH vs. CGRO - Expense Ratio Comparison

FLCH has a 0.19% expense ratio, which is lower than CGRO's 0.75% expense ratio.

CGRO

CoreValues Alpha Greater China Growth ETF

FLCH

Franklin FTSE China ETF

Return for Risk

FLCH vs. CGRO — Risk / Return Rank

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

FLCH

FLCH Risk / Return Rank: 21
FLCH Sharpe Ratio Rank: 20
FLCH Sortino Ratio Rank: 20
FLCH Omega Ratio Rank: 21
FLCH Calmar Ratio Rank: 22
FLCH Martin Ratio Rank: 20

CGRO

CGRO Risk / Return Rank: 6
CGRO Sharpe Ratio Rank: 6
CGRO Sortino Ratio Rank: 6
CGRO Omega Ratio Rank: 6
CGRO Calmar Ratio Rank: 6
CGRO Martin Ratio Rank: 5

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. CGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and CoreValues Alpha Greater China Growth ETF (CGRO). 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.

	FLCH	CGRO	Difference
Sharpe ratio Return per unit of total volatility	0.32	-0.33	+0.65
Sortino ratio Return per unit of downside risk	0.59	-0.28	+0.87
Omega ratio Gain probability vs. loss probability	1.08	0.96	+0.12
Calmar ratio Return relative to maximum drawdown	0.45	-0.38	+0.83
Martin ratio Return relative to average drawdown	1.29	-0.90	+2.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCH vs. CGRO - Sharpe Ratio Comparison

The current FLCH Sharpe Ratio is 0.32, which is higher than the CGRO Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of FLCH and CGRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLCH	CGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	-0.33	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.32	-0.30

Correlation

The correlation between FLCH and CGRO is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FLCH vs. CGRO - Dividend Comparison

FLCH's dividend yield for the trailing twelve months is around 2.50%, less than CGRO's 3.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCH Franklin FTSE China ETF	2.50%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%
CGRO CoreValues Alpha Greater China Growth ETF	3.17%	2.48%	2.47%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FLCH vs. CGRO - Drawdown Comparison

The maximum FLCH drawdown since its inception was -62.09%, which is greater than CGRO's maximum drawdown of -27.01%. Use the drawdown chart below to compare losses from any high point for FLCH and CGRO.

Drawdown Indicators

	FLCH	CGRO	Difference
Max Drawdown Largest peak-to-trough decline	-62.09%	-27.01%	-35.08%
Max Drawdown (1Y) Largest decline over 1 year	-16.65%	-27.01%	+10.36%
Max Drawdown (5Y) Largest decline over 5 years	-56.06%	—	—
Current Drawdown Current decline from peak	-33.49%	-24.54%	-8.95%
Average Drawdown Average peak-to-trough decline	-30.50%	-9.30%	-21.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	11.31%	-5.29%

Volatility

FLCH vs. CGRO - Volatility Comparison

The current volatility for Franklin FTSE China ETF (FLCH) is 6.44%, while CoreValues Alpha Greater China Growth ETF (CGRO) has a volatility of 7.39%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than CGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCH	CGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	7.39%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	13.92%	15.98%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	26.79%	-3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.58%	29.35%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.06%	29.35%	-1.29%