FLCH vs. WREE.L

Last updated Jun 28, 2026

FLCH (Franklin FTSE China ETF) and WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) are both exchange-traded funds - FLCH is a China Equities fund tracking the FTSE China RIC Capped Index, while WREE.L is a Rare Earth & Strategic Metals fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index. Both are passively managed. Over the past year, FLCH returned -4.56% vs 78.43% for WREE.L. A 0.52 correlation means they provide meaningful diversification when combined. FLCH charges 0.19%/yr vs 0.50%/yr for WREE.L.

Performance

FLCH vs. WREE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE China ETF (FLCH) and WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLCH is traded in USD, while WREE.L is traded in GBp. To make them comparable, the WREE.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 -14.24% return, which is significantly lower than WREE.L's 5.74% return.

FLCH

• 1D: -0.24%
• 1M: -7.16%
• YTD: -14.24%
• 6M: -15.93%
• 1Y: -4.56%
• 3Y*: 7.33%
• 5Y*: -6.67%
• 10Y*: —

WREE.L

• 1D: 0.00%
• 1M: -13.27%
• YTD: 5.74%
• 6M: 4.63%
• 1Y: 78.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCH vs. WREE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCH Franklin FTSE China ETF	-14.24%	32.55%	21.10%
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc	5.74%	115.45%	7,447.09%

Correlation

The correlation between FLCH and WREE.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024	0.52

The correlation between FLCH and WREE.L has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.

Return for Risk

FLCH vs. WREE.L — Risk / Return Rank

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

FLCH

FLCH Risk / Return Rank: 7
FLCH Sharpe Ratio Rank: 7
FLCH Sortino Ratio Rank: 7
FLCH Omega Ratio Rank: 7
FLCH Calmar Ratio Rank: 7
FLCH Martin Ratio Rank: 7

WREE.L

WREE.L Risk / Return Rank: 56
WREE.L Sharpe Ratio Rank: 48
WREE.L Sortino Ratio Rank: 48
WREE.L Omega Ratio Rank: 64
WREE.L Calmar Ratio Rank: 72
WREE.L Martin Ratio Rank: 47

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. WREE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.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	WREE.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	1.34	-1.60
Sortino ratio: Return per unit of downside risk	-0.24	1.98	-2.21
Omega ratio: Gain probability vs. loss probability	0.97	1.31	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.23	2.72	-2.95
Martin ratio: Return relative to average drawdown	-0.58	6.21	-6.79

FLCH vs. WREE.L - Sharpe Ratio Comparison

The current FLCH Sharpe Ratio is -0.26, which is lower than the WREE.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of FLCH and WREE.L, 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. WREE.L - Drawdown Comparison

The maximum FLCH drawdown since its inception was -62.09%, which is greater than WREE.L's maximum drawdown of -28.46%. Use the drawdown chart below to compare losses from any high point for FLCH and WREE.L.

Drawdown Indicators

	FLCH	WREE.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.09%	-28.46%	-33.63%
Max Drawdown (1Y) Largest decline over 1 year	-21.48%	-28.46%	+6.98%
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.22%	—	—
Current Drawdown Current decline from peak	-39.54%	-21.42%	-18.12%
Average Drawdown Average peak-to-trough decline	-30.56%	-9.88%	-20.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.63%	12.46%	-3.83%

Volatility

FLCH vs. WREE.L - Volatility Comparison

The current volatility for Franklin FTSE China ETF (FLCH) is 5.61%, while WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) has a volatility of 13.54%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than WREE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCH	WREE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	13.54%	-7.93%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	33.28%	-19.19%
Volatility (1Y) Calculated over the trailing 1-year period	19.27%	57.91%	-38.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.61%	5,384.03%	-5,354.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.85%	5,384.03%	-5,356.18%

FLCH vs. WREE.L - Expense Ratio Comparison

FLCH has a 0.19% expense ratio, which is lower than WREE.L's 0.50% expense ratio.

Dividends

FLCH vs. WREE.L - Dividend Comparison

FLCH's dividend yield for the trailing twelve months is around 2.52%, while WREE.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCH Franklin FTSE China ETF	2.52%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLCH and WREE.L in my portfolio?

FLCH and WREE.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLCH or WREE.L?

On fees, FLCH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLCH or WREE.L?

FLCH is cheaper with a 0.19% expense ratio, compared with 0.50% for WREE.L.

What is the main difference between FLCH and WREE.L?

FLCH is categorized as China Equities, while WREE.L is Rare Earth & Strategic Metals. FLCH tracks FTSE China RIC Capped Index, while WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.19% for FLCH and 0.50% for WREE.L.