FLCH vs. MU
FLCH (Franklin FTSE China ETF) is China Equities fund tracking the FTSE China RIC Capped Index, while MU (Micron Technology, Inc.) is a stock. Over the past 5 years, FLCH returned -4.30%/yr vs 62.98%/yr for MU. At a 0.40 correlation, their price movements are largely independent.
Performance
FLCH vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, FLCH achieves a -9.29% return, which is significantly lower than MU's 203.41% 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%
MU
- 1D
- 1.94%
- 1M
- -23.67%
- 6M
- 138.72%
- YTD
- 203.41%
- 1Y
- 657.80%
- 3Y*
- 137.11%
- 5Y*
- 62.98%
- 10Y*
- 52.40%
- ALL TIME*
- 17.23%
FLCH vs. MU - 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% |
MU Micron Technology, Inc. | 203.41% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | -5.93% |
Correlation
The correlation between FLCH and MU is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.40 |
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Return for Risk
FLCH vs. MU — Risk / Return Rank
FLCH
MU
FLCH vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.86 | ||
| Sortino ratioReturn per unit of downside risk | -5.31 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.66 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 21.93 | -22.08 |
| Martin ratioReturn relative to average drawdown | -0.34 | 74.09 | -74.43 |
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Drawdowns
FLCH vs. MU - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for FLCH and MU.
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Drawdown Indicators
| FLCH | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -98.25% | +36.16% |
Max Drawdown (1Y)Largest decline over 1 year | -21.48% | -30.28% | +8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -57.63% | +32.20% |
Max Drawdown (5Y)Largest decline over 5 years | -52.45% | -57.63% | +5.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -36.06% | -28.67% | -7.39% |
Average DrawdownAverage peak-to-trough decline | -30.61% | -58.05% | +27.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.77% | 8.95% | +0.82% |
Volatility
FLCH vs. MU - Volatility Comparison
The current volatility for Franklin FTSE China ETF (FLCH) is 6.16%, while Micron Technology, Inc. (MU) has a volatility of 30.97%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCH | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 30.97% | -24.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 63.14% | -49.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.88% | 76.55% | -56.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.62% | 55.01% | -25.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.82% | 50.78% | -22.96% |
Dividends
FLCH vs. MU - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 2.39%, more than MU's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MU Micron Technology, Inc. | 0.06% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLCH and MU have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (30.97%) compared to FLCH (6.16%). In terms of maximum drawdown, FLCH dropped -62.09% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (8.69 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.
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