FLHK vs. EWH
Compare and contrast key facts about Franklin FTSE Hong Kong ETF (FLHK) and iShares MSCI Hong Kong ETF (EWH).
FLHK and EWH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLHK is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Hong Kong RIC Capped Index. It was launched on Nov 2, 2017. EWH is a passively managed fund by iShares that tracks the performance of the MSCI Hong Kong Index. It was launched on Mar 12, 1996. Both FLHK and EWH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHK or EWH.
Key characteristics
| FLHK | EWH | |
|---|---|---|
| YTD Return | 1.09% | 2.75% |
| 1Y Return | 4.92% | 6.52% |
| 3Y Return (Ann) | -7.63% | -7.36% |
| 5Y Return (Ann) | -2.18% | -2.72% |
| Sharpe Ratio | 0.29 | 0.33 |
| Sortino Ratio | 0.57 | 0.63 |
| Omega Ratio | 1.07 | 1.08 |
| Calmar Ratio | 0.16 | 0.19 |
| Martin Ratio | 0.76 | 0.86 |
| Ulcer Index | 8.86% | 9.14% |
| Daily Std Dev | 23.56% | 23.88% |
| Max Drawdown | -41.81% | -66.43% |
| Current Drawdown | -30.95% | -30.21% |
Correlation
The correlation between FLHK and EWH is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FLHK vs. EWH - Performance Comparison
In the year-to-date period, FLHK achieves a 1.09% return, which is significantly lower than EWH's 2.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLHK vs. EWH - Expense Ratio Comparison
FLHK has a 0.09% expense ratio, which is lower than EWH's 0.49% expense ratio.
Risk-Adjusted Performance
FLHK vs. EWH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Hong Kong ETF (FLHK) and iShares MSCI Hong Kong ETF (EWH). 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.
Dividends
FLHK vs. EWH - Dividend Comparison
FLHK's dividend yield for the trailing twelve months is around 5.37%, more than EWH's 4.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLHK Franklin FTSE Hong Kong ETF | 5.37% | 5.40% | 3.85% | 2.81% | 3.11% | 3.00% | 2.59% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
EWH iShares MSCI Hong Kong ETF | 4.47% | 4.28% | 2.91% | 2.78% | 2.56% | 2.70% | 2.94% | 4.35% | 3.07% | 2.62% | 3.52% | 2.96% |
Drawdowns
FLHK vs. EWH - Drawdown Comparison
The maximum FLHK drawdown since its inception was -41.81%, smaller than the maximum EWH drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for FLHK and EWH. For additional features, visit the drawdowns tool.
Volatility
FLHK vs. EWH - Volatility Comparison
Franklin FTSE Hong Kong ETF (FLHK) and iShares MSCI Hong Kong ETF (EWH) have volatilities of 7.98% and 7.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.