FLCH vs. EURUSD=X
FLCH (Franklin FTSE China ETF) is China Equities fund tracking the FTSE China RIC Capped Index, while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 5 years, FLCH returned -5.07%/yr vs -0.91%/yr for EURUSD=X. At a 0.23 correlation, their price movements are largely independent.
Performance
FLCH vs. EURUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, FLCH achieves a -8.28% return, which is significantly lower than EURUSD=X's -1.52% return.
FLCH
- 1D
- 0.83%
- 1M
- -6.11%
- YTD
- -8.28%
- 6M
- -9.10%
- 1Y
- 3.67%
- 3Y*
- 9.03%
- 5Y*
- -5.07%
- 10Y*
- —
EURUSD=X
- 1D
- -0.11%
- 1M
- -0.88%
- YTD
- -1.52%
- 6M
- -1.48%
- 1Y
- 0.14%
- 3Y*
- 2.34%
- 5Y*
- -0.91%
- 10Y*
- 0.32%
FLCH vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | -8.28% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 1.51% |
EURUSD=X Euro / U.S. Dollar | -1.52% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 3.43% |
Correlation
The correlation between FLCH and EURUSD=X is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.23 |
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Return for Risk
FLCH vs. EURUSD=X — Risk / Return Rank
FLCH
EURUSD=X
FLCH vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Euro / U.S. Dollar (EURUSD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLCH | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | -0.02 | +0.13 |
| Martin ratioReturn relative to average drawdown | 0.25 | -0.04 | +0.29 |
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Drawdowns
FLCH vs. EURUSD=X - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, which is greater than EURUSD=X's maximum drawdown of -40.01%. Use the drawdown chart below to compare losses from any high point for FLCH and EURUSD=X.
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Drawdown Indicators
| FLCH | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -40.01% | -22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -5.19% | -11.95% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -8.83% | -16.60% |
Max Drawdown (5Y)Largest decline over 5 years | -55.78% | -20.89% | -34.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.31% | — |
Current DrawdownCurrent decline from peak | -35.34% | -27.67% | -7.67% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -23.44% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 2.49% | +5.38% |
Volatility
FLCH vs. EURUSD=X - Volatility Comparison
Franklin FTSE China ETF (FLCH) has a higher volatility of 5.86% compared to Euro / U.S. Dollar (EURUSD=X) at 1.07%. This indicates that FLCH's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCH | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 1.07% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 4.50% | +9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 5.89% | +13.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 7.41% | +22.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 7.15% | +20.73% |
Frequently Asked Questions
FLCH and EURUSD=X have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCH has higher volatility (5.86%) compared to EURUSD=X (1.07%). In terms of maximum drawdown, FLCH dropped -62.09% vs EURUSD=X's -40.01%.
FLCH currently has the higher Sharpe Ratio (0.10 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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