FLCH vs. NOVO-B.CO
FLCH (Franklin FTSE China ETF) is China Equities fund tracking the FTSE China RIC Capped Index, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 5 years, FLCH returned -5.07%/yr vs 19.41%/yr for NOVO-B.CO. At a 0.16 correlation, their price movements are largely independent.
Performance
FLCH vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
FLCH is traded in USD, while NOVO-B.CO is traded in DKK. To make them comparable, the NOVO-B.CO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLCH achieves a -8.28% return, which is significantly higher than NOVO-B.CO's -10.15% return.
FLCH
- 1D
- 0.83%
- 1M
- -6.11%
- YTD
- -8.28%
- 6M
- -9.10%
- 1Y
- 3.67%
- 3Y*
- 9.03%
- 5Y*
- -5.07%
- 10Y*
- —
NOVO-B.CO
- 1D
- 1.53%
- 1M
- -5.28%
- YTD
- -10.15%
- 6M
- -8.95%
- 1Y
- -41.84%
- 3Y*
- 6.83%
- 5Y*
- 19.41%
- 10Y*
- 17.63%
FLCH vs. NOVO-B.CO - 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% |
NOVO-B.CO Novo Nordisk A/S | -10.15% | -39.54% | -15.04% | 214.95% | 23.90% | 65.39% | 27.16% | 32.88% | -10.64% | 9.39% |
Correlation
The correlation between FLCH and NOVO-B.CO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.16 |
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Return for Risk
FLCH vs. NOVO-B.CO — Risk / Return Rank
FLCH
NOVO-B.CO
FLCH vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Novo Nordisk A/S (NOVO-B.CO). 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 | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.88 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | -0.79 | +0.90 |
| Martin ratioReturn relative to average drawdown | 0.25 | -1.17 | +1.42 |
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Drawdowns
FLCH vs. NOVO-B.CO - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum NOVO-B.CO drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for FLCH and NOVO-B.CO.
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Drawdown Indicators
| FLCH | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -74.86% | +12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -54.48% | +37.34% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -74.86% | +49.43% |
Max Drawdown (5Y)Largest decline over 5 years | -55.78% | -74.86% | +19.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.86% | — |
Current DrawdownCurrent decline from peak | -35.34% | -67.88% | +32.54% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -12.38% | -18.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 36.72% | -28.85% |
Volatility
FLCH vs. NOVO-B.CO - Volatility Comparison
The current volatility for Franklin FTSE China ETF (FLCH) is 5.86%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than NOVO-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCH | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 12.08% | -6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 40.71% | -26.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 55.70% | -36.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 58.93% | -29.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 45.48% | -17.60% |
Dividends
FLCH vs. NOVO-B.CO - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 2.57%, less than NOVO-B.CO's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 2.57% | 2.36% | 2.87% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.01% | 0.00% | 0.00% |
NOVO-B.CO Novo Nordisk A/S | 4.07% | 3.58% | 1.59% | 1.01% | 2.38% | 2.54% | 4.03% | 4.22% | 5.27% | 4.54% | 7.38% | 2.50% |
Frequently Asked Questions
FLCH and NOVO-B.CO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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