FLCH vs. FDIS

Last updated Jul 21, 2026

FLCH (Franklin FTSE China ETF) and FDIS (Fidelity MSCI Consumer Discretionary Index ETF) are both exchange-traded funds - FLCH is a China Equities fund tracking the FTSE China RIC Capped Index, while FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 5 years, FLCH returned -4.30%/yr vs 5.13%/yr for FDIS. At a 0.49 correlation, their price movements are largely independent. FLCH charges 0.19%/yr vs 0.08%/yr for FDIS.

Performance

FLCH vs. FDIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE China ETF (FLCH) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCH achieves a -9.29% return, which is significantly lower than FDIS's -0.90% return.

FLCH

• 1D: 1.99%
• 1M: 1.65%
• 6M: -12.52%
• YTD: -9.29%
• 1Y: -3.28%
• 3Y*: 9.28%
• 5Y*: -4.30%
• 10Y*: —
• ALL TIME*: 0.20%

FDIS

• 1D: -0.77%
• 1M: -1.24%
• 6M: -3.89%
• YTD: -0.90%
• 1Y: 5.73%
• 3Y*: 11.54%
• 5Y*: 5.13%
• 10Y*: 13.25%
• ALL TIME*: 12.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLCH vs. FDIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCH Franklin FTSE China ETF	-9.29%	32.55%	18.00%	-11.21%	-22.74%	-20.87%	30.09%	24.32%	-19.52%	1.51%
FDIS Fidelity MSCI Consumer Discretionary Index ETF	-0.90%	5.67%	24.43%	40.48%	-35.23%	24.25%	49.50%	27.44%	-0.88%	8.04%

Correlation

The correlation between FLCH and FDIS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.49

The correlation between FLCH and FDIS shifts across timeframes, from 0.36 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.

FLCH vs. FDIS - Sectors Allocation Comparison

Sectors	FLCH	FDIS
Consumer Cyclical	21.4%	96.2%
Financial Services	18.2%	0.1%
Communication Services	15.4%	0.3%
Technology	12.8%	1.0%
Industrials	10.5%	1.1%
Healthcare	6.0%	0.1%
Basic Materials	5.0%	-
Energy	3.3%	-
Consumer Defensive	3.2%	1.2%
Utilities	1.8%	-
Real Estate	1.6%	0.1%

Return for Risk

FLCH vs. FDIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLCH

FLCH Risk / Return Rank: 8
FLCH Sharpe Ratio Rank: 8
FLCH Sortino Ratio Rank: 8
FLCH Omega Ratio Rank: 8
FLCH Calmar Ratio Rank: 9
FLCH Martin Ratio Rank: 8

FDIS

FDIS Risk / Return Rank: 16
FDIS Sharpe Ratio Rank: 16
FDIS Sortino Ratio Rank: 16
FDIS Omega Ratio Rank: 15
FDIS Calmar Ratio Rank: 16
FDIS Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLCH vs. FDIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). 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	FDIS	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	0.31	-0.47
Sortino ratio: Return per unit of downside risk	-0.10	0.56	-0.66
Omega ratio: Gain probability vs. loss probability	0.99	1.07	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.15	0.37	-0.52
Martin ratio: Return relative to average drawdown	-0.34	1.10	-1.44

FLCH vs. FDIS - Sharpe Ratio Comparison

The current FLCH Sharpe Ratio is -0.17, which is lower than the FDIS Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of FLCH and FDIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLCH vs. FDIS - Drawdown Comparison

The maximum FLCH drawdown since its inception was -62.09%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FLCH and FDIS.

Drawdown Indicators

	FLCH	FDIS	Difference
Max Drawdown Largest peak-to-trough decline	-62.09%	-39.16%	-22.93%
Max Drawdown (1Y) Largest decline over 1 year	-21.48%	-15.50%	-5.98%
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	-27.43%	+2.00%
Max Drawdown (5Y) Largest decline over 5 years	-52.45%	-39.16%	-13.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.16%	—
Current Drawdown Current decline from peak	-36.06%	-5.45%	-30.61%
Average Drawdown Average peak-to-trough decline	-30.61%	-7.47%	-23.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.77%	5.20%	+4.57%

Volatility

FLCH vs. FDIS - Volatility Comparison

Franklin FTSE China ETF (FLCH) has a higher volatility of 6.16% compared to Fidelity MSCI Consumer Discretionary Index ETF (FDIS) at 5.26%. This indicates that FLCH's price experiences larger fluctuations and is considered to be riskier than FDIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCH	FDIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.16%	5.26%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	14.05%	14.02%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	19.88%	18.87%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.62%	24.01%	+5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.82%	22.33%	+5.49%

FLCH vs. FDIS - Expense Ratio Comparison

FLCH has a 0.19% expense ratio, which is higher than FDIS's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLCH vs. FDIS - Dividend Comparison

FLCH's dividend yield for the trailing twelve months is around 2.39%, more than FDIS's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIS Fidelity MSCI Consumer Discretionary Index ETF	0.74%	0.75%	0.69%	0.78%	1.00%	0.58%	0.59%	1.14%	1.29%	1.00%	1.62%	1.25%
FLCH Franklin FTSE China ETF	2.39%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLCH and FDIS in my portfolio?

FLCH and FDIS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCH or FDIS?

FLCH has higher volatility (6.16%) compared to FDIS (5.26%). In terms of maximum drawdown, FLCH dropped -62.09% vs FDIS's -39.16%.

Which ETF is better, FLCH or FDIS?

On 5-year performance, FDIS leads with 5.13% vs -4.30% for FLCH. On fees, FDIS is cheaper at 0.08% per year. On volatility, FDIS has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCH or FDIS?

Over the 5-year period, FDIS has performed better with a 5.13% return vs -4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCH or FDIS?

FDIS is cheaper with a 0.08% expense ratio, compared with 0.19% for FLCH.

Which ETF pays a higher dividend yield, FLCH or FDIS?

FLCH has the higher dividend yield at 2.39%, compared with 0.74% for FDIS.

What is the main difference between FLCH and FDIS?

FLCH is categorized as China Equities, while FDIS is Consumer Discretionary Equities. FLCH tracks FTSE China RIC Capped Index, while FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index. They also come from different issuers: Franklin Templeton and Fidelity. Their fees differ too: 0.19% for FLCH and 0.08% for FDIS.

Which has better risk-adjusted returns?

FDIS currently has the higher Sharpe Ratio (0.31 vs -0.17), 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.