FLCH vs. CXSE
Compare and contrast key facts about Franklin FTSE China ETF (FLCH) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE).
FLCH and CXSE 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. CXSE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree China ex-State-Owned Enterprises Index. It was launched on Sep 19, 2012. Both FLCH and CXSE 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 CXSE.
Key characteristics
| FLCH | CXSE | |
|---|---|---|
| YTD Return | 9.78% | 4.96% |
| 1Y Return | -2.52% | -8.41% |
| 3Y Return (Ann) | -15.76% | -22.31% |
| 5Y Return (Ann) | -4.85% | -5.22% |
| Sharpe Ratio | -0.03 | -0.26 |
| Daily Std Dev | 24.79% | 27.25% |
| Max Drawdown | -62.09% | -70.01% |
| Current Drawdown | -50.52% | -62.25% |
Correlation
The correlation between FLCH and CXSE is 0.96, 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. CXSE - Performance Comparison
In the year-to-date period, FLCH achieves a 9.78% return, which is significantly higher than CXSE's 4.96% 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. CXSE - Expense Ratio Comparison
FLCH has a 0.19% expense ratio, which is lower than CXSE's 0.32% expense ratio.
Risk-Adjusted Performance
FLCH vs. CXSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). 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. CXSE - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 3.16%, more than CXSE's 1.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 3.16% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 1.63% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 1.02% | 2.29% | 2.75% |
Drawdowns
FLCH vs. CXSE - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for FLCH and CXSE. For additional features, visit the drawdowns tool.
Volatility
FLCH vs. CXSE - Volatility Comparison
The current volatility for Franklin FTSE China ETF (FLCH) is 7.56%, while WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a volatility of 8.47%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than CXSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.