FLCH vs. YXI
FLCH (Franklin FTSE China ETF) and YXI (ProShares Short FTSE China 50) are both China Equities funds - FLCH tracks the FTSE China RIC Capped Index while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 5 years, FLCH returned -2.36%/yr vs -5.16%/yr for YXI. Their -0.94 correlation means they have often moved in opposite directions in the past. FLCH charges 0.19%/yr vs 0.95%/yr for YXI.
Performance
FLCH vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, FLCH achieves a -6.24% return, which is significantly lower than YXI's 5.02% return.
FLCH
- 1D
- -0.09%
- 1M
- 8.56%
- 6M
- -8.62%
- YTD
- -6.24%
- 1Y
- 1.51%
- 3Y*
- 8.42%
- 5Y*
- -2.36%
- 10Y*
- —
- ALL TIME*
- 0.58%
YXI
- 1D
- 0.03%
- 1M
- -12.89%
- 6M
- 7.44%
- YTD
- 5.02%
- 1Y
- 0.81%
- 3Y*
- -10.48%
- 5Y*
- -5.16%
- 10Y*
- -7.76%
- ALL TIME*
- -8.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.65M | $4.23M | $3.21M | |
| $23.42K | $29.48K | $33.89K |
FLCH vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | -6.24% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 1.51% |
YXI ProShares Short FTSE China 50 | 5.02% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -2.53% |
Correlation
The correlation between FLCH and YXI is -0.85, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.85 |
Correlation (3Y) Balances recent behavior with more history. | -0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | -0.94 |
The correlation between FLCH and YXI shifts across timeframes, from -0.95 (5 years) to -0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLCH vs. YXI — Risk / Return Rank
FLCH
YXI
FLCH vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) and ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.06 | +0.01 |
| Martin ratioReturn relative to average drawdown | 0.15 | 0.16 | -0.01 |
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Drawdowns
FLCH vs. YXI - Drawdown Comparison
The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for FLCH and YXI.
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Drawdown Indicators
| FLCH | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.09% | -81.15% | +19.06% |
Max Drawdown (1Y)Largest decline over 1 year | -21.48% | -13.55% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -25.15% | -53.12% | +27.97% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | -57.65% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.63% | — |
Current DrawdownCurrent decline from peak | -33.91% | -78.56% | +44.65% |
Average DrawdownAverage peak-to-trough decline | -30.63% | -54.52% | +23.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.27% | 6.14% | +4.13% |
Volatility
FLCH vs. YXI - Volatility Comparison
The current volatility for Franklin FTSE China ETF (FLCH) is 5.71%, while ProShares Short FTSE China 50 (YXI) has a volatility of 6.94%. This indicates that FLCH experiences smaller price fluctuations and is considered to be less risky than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCH | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 6.94% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 15.88% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.87% | 21.12% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.34% | 31.29% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.77% | 27.48% | +0.29% |
FLCH vs. YXI - Expense Ratio Comparison
FLCH has a 0.19% expense ratio, which is lower than YXI's 0.95% expense ratio.
Dividends
FLCH vs. YXI - Dividend Comparison
FLCH's dividend yield for the trailing twelve months is around 2.31%, less than YXI's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 2.31% | 2.36% | 2.87% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.01% |
YXI ProShares Short FTSE China 50 | 2.71% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% |
Frequently Asked Questions
FLCH and YXI have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YXI has higher volatility (6.94%) compared to FLCH (5.71%). In terms of maximum drawdown, FLCH dropped -62.09% vs YXI's -81.15%.
On 5-year performance, FLCH leads with -2.36% vs -5.16% for YXI. On fees, FLCH is cheaper at 0.19% per year. On volatility, FLCH has been the lower-risk option at 5.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLCH has performed better with a -2.36% return vs -5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLCH is cheaper with a 0.19% expense ratio, compared with 0.95% for YXI.
YXI has the higher dividend yield at 2.71%, compared with 2.31% for FLCH.
FLCH tracks FTSE China RIC Capped Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: Franklin Templeton and ProShares. Their fees differ too: 0.19% for FLCH and 0.95% for YXI.
FLCH currently has the higher Sharpe Ratio (0.08 vs 0.04), 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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