FLCH vs. DRGN
FLCH (Franklin FTSE China ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - FLCH is a China Equities fund tracking the FTSE China RIC Capped Index, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. FLCH charges 0.19%/yr vs 0.39%/yr for DRGN.
Performance
FLCH vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, FLCH achieves a -6.60% return, which is significantly lower than DRGN's 15.39% return.
FLCH
- 1D
- -0.31%
- 1M
- -2.97%
- YTD
- -6.60%
- 6M
- -7.51%
- 1Y
- 5.91%
- 3Y*
- 10.54%
- 5Y*
- -4.99%
- 10Y*
- —
DRGN
- 1D
- -1.00%
- 1M
- 4.18%
- YTD
- 15.39%
- 6M
- 15.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLCH vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLCH Franklin FTSE China ETF | -6.60% | 8.34% |
DRGN Themes China Generative Artificial Intelligence ETF | 15.39% | 26.41% |
Correlation
The correlation between FLCH and DRGN is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.66 |
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Return for Risk
FLCH vs. DRGN — Risk / Return Rank
FLCH
DRGN
FLCH vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Themes China Generative Artificial Intelligence ETF (DRGN). 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 | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | — | — |
| Martin ratioReturn relative to average drawdown | 0.80 | — | — |
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 | DRGN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 1.52 | -1.51 |
Drawdowns
FLCH vs. DRGN - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for FLCH and DRGN.
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Drawdown Indicators
| FLCH | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -20.86% | -41.23% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -55.78% | — | — |
Current DrawdownCurrent decline from peak | -34.16% | -7.97% | -26.19% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -7.93% | -22.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.43% | — | — |
Volatility
FLCH vs. DRGN - Volatility Comparison
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Volatility by Period
| FLCH | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 34.79% | -15.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.59% | 34.79% | -5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.91% | 34.79% | -6.88% |
FLCH vs. DRGN - Expense Ratio Comparison
FLCH has a 0.19% expense ratio, which is lower than DRGN's 0.39% expense ratio.
Dividends
FLCH vs. DRGN - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 2.53%, more than DRGN's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.05% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLCH Franklin FTSE China ETF | 2.53% | 2.36% | 2.87% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.01% |
Frequently Asked Questions
FLCH and DRGN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLCH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLCH is cheaper with a 0.19% expense ratio, compared with 0.39% for DRGN.
FLCH has the higher dividend yield at 2.53%, compared with 1.05% for DRGN.
FLCH is categorized as China Equities, while DRGN is Technology Equities. FLCH tracks FTSE China RIC Capped Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: Franklin Templeton and Themes. Their fees differ too: 0.19% for FLCH and 0.39% for DRGN.
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