FLCH vs. PAF.L
FLCH (Franklin FTSE China ETF) is China Equities fund tracking the FTSE China RIC Capped Index, while PAF.L (Pan African Resources plc) is a stock. Over the past 5 years, FLCH returned -5.07%/yr vs 45.23%/yr for PAF.L. At a 0.18 correlation, their price movements are largely independent.
Performance
FLCH vs. PAF.L - Performance Comparison
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Different Trading Currencies
FLCH is traded in USD, while PAF.L is traded in GBp. To make them comparable, the PAF.L 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 PAF.L's -10.01% return.
FLCH
- 1D
- 0.83%
- 1M
- -6.11%
- YTD
- -8.28%
- 6M
- -9.10%
- 1Y
- 3.67%
- 3Y*
- 9.03%
- 5Y*
- -5.07%
- 10Y*
- —
PAF.L
- 1D
- 5.45%
- 1M
- -27.78%
- YTD
- -10.01%
- 6M
- -1.41%
- 1Y
- 128.87%
- 3Y*
- 112.79%
- 5Y*
- 45.23%
- 10Y*
- 23.78%
FLCH vs. PAF.L - 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% |
PAF.L Pan African Resources plc | -10.01% | 285.04% | 105.84% | 11.99% | -6.99% | -26.45% | 109.18% | 46.45% | -38.63% | 2.74% |
Correlation
The correlation between FLCH and PAF.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.18 |
The correlation between FLCH and PAF.L shifts across timeframes, from 0.18 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLCH vs. PAF.L — Risk / Return Rank
FLCH
PAF.L
FLCH vs. PAF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Pan African Resources plc (PAF.L). 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 | PAF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.34 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 2.85 | -2.74 |
| Martin ratioReturn relative to average drawdown | 0.25 | 9.31 | -9.06 |
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Drawdowns
FLCH vs. PAF.L - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum PAF.L drawdown of -86.42%. Use the drawdown chart below to compare losses from any high point for FLCH and PAF.L.
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Drawdown Indicators
| FLCH | PAF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -86.42% | +24.33% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -44.89% | +27.75% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -44.89% | +19.46% |
Max Drawdown (5Y)Largest decline over 5 years | -55.78% | -49.04% | -6.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.44% | — |
Current DrawdownCurrent decline from peak | -35.34% | -40.40% | +5.06% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -32.79% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 13.79% | -5.92% |
Volatility
FLCH vs. PAF.L - Volatility Comparison
The current volatility for Franklin FTSE China ETF (FLCH) is 5.86%, while Pan African Resources plc (PAF.L) has a volatility of 22.46%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than PAF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCH | PAF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 22.46% | -16.60% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 45.95% | -32.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 55.63% | -36.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 50.32% | -20.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 55.08% | -27.20% |
Dividends
FLCH vs. PAF.L - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 2.57%, more than PAF.L's 2.00% 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% |
PAF.L Pan African Resources plc | 2.00% | 1.35% | 2.79% | 4.52% | 5.25% | 5.09% | 2.92% | 0.98% | 0.00% | 3.38% | 5.67% | 6.83% |
Frequently Asked Questions
FLCH and PAF.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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