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.
Performance
FLCH vs. CXSE - Performance Comparison
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FLCH vs. CXSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | -5.65% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 0.91% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -5.37% | 37.00% | 8.56% | -18.02% | -29.32% | -23.67% | 59.39% | 37.96% | -28.55% | 2.64% |
Returns By Period
The year-to-date returns for both investments are quite close, with FLCH having a -5.65% return and CXSE slightly higher at -5.37%.
FLCH
- 1D
- 0.29%
- 1M
- -4.32%
- YTD
- -5.65%
- 6M
- -12.56%
- 1Y
- 7.43%
- 3Y*
- 7.60%
- 5Y*
- -4.85%
- 10Y*
- —
CXSE
- 1D
- 0.30%
- 1M
- -3.35%
- YTD
- -5.37%
- 6M
- -14.60%
- 1Y
- 13.26%
- 3Y*
- 4.84%
- 5Y*
- -9.25%
- 10Y*
- 6.57%
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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.
Return for Risk
FLCH vs. CXSE — Risk / Return Rank
FLCH
CXSE
FLCH vs. CXSE - Risk-Adjusted Trends 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.
| FLCH | CXSE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 0.53 | -0.21 |
Sortino ratioReturn per unit of downside risk | 0.59 | 0.86 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.12 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.77 | -0.32 |
Martin ratioReturn relative to average drawdown | 1.29 | 1.80 | -0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLCH | CXSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.53 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.29 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.18 | -0.15 |
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.
Dividends
FLCH vs. CXSE - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 2.50%, more than CXSE's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 2.12% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
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.
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Drawdown Indicators
| FLCH | CXSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -70.01% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.65% | -17.70% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -56.06% | -64.47% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.01% | — |
Current DrawdownCurrent decline from peak | -33.49% | -49.38% | +15.89% |
Average DrawdownAverage peak-to-trough decline | -30.50% | -27.59% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.02% | 7.64% | -1.62% |
Volatility
FLCH vs. CXSE - Volatility Comparison
Franklin FTSE China ETF (FLCH) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE) have volatilities of 6.44% and 6.47%, 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.
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Volatility by Period
| FLCH | CXSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 6.47% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 15.27% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 24.92% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.58% | 32.28% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.06% | 28.64% | -0.58% |