FLCH vs. CNYA
Compare and contrast key facts about Franklin FTSE China ETF (FLCH) and iShares MSCI China A ETF (CNYA).
FLCH and CNYA 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. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. Both FLCH and CNYA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLCH or CNYA.
Key characteristics
| FLCH | CNYA | |
|---|---|---|
| YTD Return | 19.20% | 16.07% |
| 1Y Return | 16.20% | 13.53% |
| 3Y Return (Ann) | -9.73% | -9.38% |
| 5Y Return (Ann) | -1.58% | 2.75% |
| Sharpe Ratio | 0.56 | 0.45 |
| Sortino Ratio | 1.01 | 0.88 |
| Omega Ratio | 1.13 | 1.14 |
| Calmar Ratio | 0.29 | 0.29 |
| Martin Ratio | 1.68 | 1.56 |
| Ulcer Index | 10.18% | 9.22% |
| Daily Std Dev | 30.86% | 31.72% |
| Max Drawdown | -62.09% | -49.49% |
| Current Drawdown | -46.28% | -34.38% |
Correlation
The correlation between FLCH and CNYA is 0.77, 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.
Performance
FLCH vs. CNYA - Performance Comparison
In the year-to-date period, FLCH achieves a 19.20% return, which is significantly higher than CNYA's 16.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLCH vs. CNYA - Expense Ratio Comparison
FLCH has a 0.19% expense ratio, which is lower than CNYA's 0.60% expense ratio.
Risk-Adjusted Performance
FLCH vs. CNYA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and iShares MSCI China A ETF (CNYA). 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.
Dividends
FLCH vs. CNYA - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 2.57%, less than CNYA's 3.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 2.57% | 3.46% | 2.69% | 1.49% | 0.91% | 1.98% | 1.93% | 0.00% | 0.00% |
CNYA iShares MSCI China A ETF | 3.71% | 4.23% | 2.69% | 1.11% | 1.05% | 1.21% | 3.92% | 0.98% | 1.38% |
Drawdowns
FLCH vs. CNYA - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, which is greater than CNYA's maximum drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for FLCH and CNYA. For additional features, visit the drawdowns tool.
Volatility
FLCH vs. CNYA - Volatility Comparison
Franklin FTSE China ETF (FLCH) and iShares MSCI China A ETF (CNYA) have volatilities of 12.33% and 12.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.