FLCO vs. FLCH
FLCO (Franklin Liberty Investment Grade Corporate ETF) and FLCH (Franklin FTSE China ETF) are both exchange-traded funds - FLCO is a Corporate Bonds fund actively managed by Franklin Templeton, while FLCH is a China Equities fund tracking the FTSE China RIC Capped Index. FLCO is actively managed, while FLCH is passively managed. Over the past 5 years, FLCO returned -0.59%/yr vs -2.03%/yr for FLCH. Their 0.09 correlation means their historical movements had little consistent relationship. FLCO charges 0.35%/yr vs 0.19%/yr for FLCH.
Performance
FLCO vs. FLCH - Performance Comparison
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Returns By Period
In the year-to-date period, FLCO achieves a -0.84% return, which is significantly higher than FLCH's -6.16% return.
FLCO
- 1D
- -0.19%
- 1M
- -1.66%
- 6M
- -1.11%
- YTD
- -0.84%
- 1Y
- 1.48%
- 3Y*
- 4.57%
- 5Y*
- -0.59%
- 10Y*
- —
- ALL TIME*
- 1.98%
FLCH
- 1D
- 0.50%
- 1M
- 8.66%
- 6M
- -9.56%
- YTD
- -6.16%
- 1Y
- 1.60%
- 3Y*
- 7.92%
- 5Y*
- -2.03%
- 10Y*
- —
- ALL TIME*
- 0.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.84M | $4.46M | $3.18M | |
| $2.90M | $1.79M | $1.34M |
FLCO vs. FLCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCO Franklin Liberty Investment Grade Corporate ETF | -0.84% | 7.53% | 1.93% | 7.94% | -16.08% | -2.06% | 10.01% | 14.82% | -3.06% | 0.53% |
FLCH Franklin FTSE China ETF | -6.16% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 1.51% |
Correlation
The correlation between FLCO and FLCH is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.09 |
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Return for Risk
FLCO vs. FLCH — Risk / Return Rank
FLCO
FLCH
FLCO vs. FLCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Investment Grade Corporate ETF (FLCO) and Franklin FTSE China ETF (FLCH). 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.
| FLCO | FLCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.02 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.00 | +0.82 |
| Martin ratioReturn relative to average drawdown | 2.16 | -0.00 | +2.17 |
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Drawdowns
FLCO vs. FLCH - Drawdown Comparison
The maximum FLCO drawdown since its inception was -22.71%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for FLCO and FLCH.
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Drawdown Indicators
| FLCO | FLCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.71% | -62.09% | +39.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -21.48% | +18.72% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -25.15% | +19.79% |
Max Drawdown (5Y)Largest decline over 5 years | -22.48% | -50.38% | +27.90% |
Current DrawdownCurrent decline from peak | -3.58% | -33.85% | +30.27% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -30.63% | +24.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 10.23% | -9.19% |
Volatility
FLCO vs. FLCH - Volatility Comparison
The current volatility for Franklin Liberty Investment Grade Corporate ETF (FLCO) is 1.19%, while Franklin FTSE China ETF (FLCH) has a volatility of 5.89%. This indicates that FLCO experiences smaller price fluctuations and is considered to be less risky than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCO | FLCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 5.89% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 14.07% | -10.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 19.91% | -15.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 29.34% | -22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.80% | 27.77% | -20.97% |
FLCO vs. FLCH - Expense Ratio Comparison
FLCO has a 0.35% expense ratio, which is higher than FLCH's 0.19% expense ratio.
Dividends
FLCO vs. FLCH - Dividend Comparison
FLCO's dividend yield for the trailing twelve months is around 4.75%, more than FLCH's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FLCO Franklin Liberty Investment Grade Corporate ETF | 4.32% | 4.60% | 4.63% | 3.83% | 3.85% | 2.85% | 3.99% | 3.39% | 3.86% | 3.33% | 0.51% |
Frequently Asked Questions
FLCO and FLCH have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCH has higher volatility (5.89%) compared to FLCO (1.19%). In terms of maximum drawdown, FLCO dropped -22.71% vs FLCH's -62.09%.
On 5-year performance, FLCO leads with -0.59% vs -2.03% for FLCH. On fees, FLCH is cheaper at 0.19% per year. On volatility, FLCO has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLCO has performed better with a -0.59% return vs -2.03%. 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 0.35% for FLCO.
FLCO has the higher dividend yield at 4.32%, compared with 2.31% for FLCH.
FLCO is categorized as Corporate Bonds, while FLCH is China Equities. Their fees differ too: 0.35% for FLCO and 0.19% for FLCH.
FLCO currently has the higher Sharpe Ratio (0.52 vs -0.00), 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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