FLCH vs. VNQ
FLCH (Franklin FTSE China ETF) and VNQ (Vanguard Real Estate ETF) are both exchange-traded funds - FLCH is a China Equities fund tracking the FTSE China RIC Capped Index, while VNQ is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Both are passively managed. Over the past 5 years, FLCH returned -6.62%/yr vs 2.74%/yr for VNQ. At a 0.27 correlation, their price movements are largely independent. FLCH charges 0.19%/yr vs 0.13%/yr for VNQ.
Performance
FLCH vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, FLCH achieves a -14.03% return, which is significantly lower than VNQ's 11.98% return.
FLCH
- 1D
- -1.54%
- 1M
- -8.25%
- YTD
- -14.03%
- 6M
- -14.94%
- 1Y
- -4.98%
- 3Y*
- 8.15%
- 5Y*
- -6.62%
- 10Y*
- —
VNQ
- 1D
- 0.19%
- 1M
- 0.85%
- YTD
- 11.98%
- 6M
- 11.64%
- 1Y
- 14.26%
- 3Y*
- 10.52%
- 5Y*
- 2.74%
- 10Y*
- 5.46%
FLCH vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | -14.03% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 1.51% |
VNQ Vanguard Real Estate ETF | 11.98% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 1.41% |
Correlation
The correlation between FLCH and VNQ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.27 |
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Return for Risk
FLCH vs. VNQ — Risk / Return Rank
FLCH
VNQ
FLCH vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and Vanguard Real Estate ETF (VNQ). 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 | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.19 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.72 | -1.95 |
| Martin ratioReturn relative to average drawdown | -0.59 | 5.42 | -6.00 |
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Drawdowns
FLCH vs. VNQ - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for FLCH and VNQ.
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Drawdown Indicators
| FLCH | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -73.07% | +10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -21.29% | -8.34% | -12.95% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -17.46% | -7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -55.78% | -34.48% | -21.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.40% | — |
Current DrawdownCurrent decline from peak | -39.40% | -0.47% | -38.93% |
Average DrawdownAverage peak-to-trough decline | -30.56% | -13.59% | -16.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.52% | 2.64% | +5.88% |
Volatility
FLCH vs. VNQ - Volatility Comparison
Franklin FTSE China ETF (FLCH) has a higher volatility of 5.62% compared to Vanguard Real Estate ETF (VNQ) at 5.18%. This indicates that FLCH's price experiences larger fluctuations and is considered to be riskier than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCH | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 5.18% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 10.18% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.27% | 13.76% | +5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 18.86% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.86% | 20.74% | +7.12% |
FLCH vs. VNQ - Expense Ratio Comparison
FLCH has a 0.19% expense ratio, which is higher than VNQ's 0.13% 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. VNQ - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 1.81%, less than VNQ's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 1.81% | 2.36% | 2.87% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.01% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 4.47% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
FLCH and VNQ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCH has higher volatility (5.62%) compared to VNQ (5.18%). In terms of maximum drawdown, FLCH dropped -62.09% vs VNQ's -73.07%.
On 5-year performance, VNQ leads with 2.74% vs -6.62% for FLCH. On fees, VNQ is cheaper at 0.13% per year. On volatility, VNQ has been the lower-risk option at 5.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VNQ has performed better with a 2.74% return vs -6.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VNQ is cheaper with a 0.13% expense ratio, compared with 0.19% for FLCH.
VNQ has the higher dividend yield at 4.47%, compared with 1.81% for FLCH.
FLCH is categorized as China Equities, while VNQ is REIT. FLCH tracks FTSE China RIC Capped Index, while VNQ tracks MSCI US Investable Market Real Estate 25/50 Index. They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.19% for FLCH and 0.13% for VNQ.
VNQ currently has the higher Sharpe Ratio (1.06 vs -0.26), 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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