FLHK vs. MCHI
Compare and contrast key facts about Franklin FTSE Hong Kong ETF (FLHK) and iShares MSCI China ETF (MCHI).
FLHK and MCHI 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. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both FLHK and MCHI 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 MCHI.
Key characteristics
| FLHK | MCHI | |
|---|---|---|
| YTD Return | 6.80% | 29.01% |
| 1Y Return | 11.15% | 24.75% |
| 3Y Return (Ann) | -6.18% | -6.50% |
| 5Y Return (Ann) | -2.06% | -1.34% |
| Sharpe Ratio | 0.47 | 0.78 |
| Sortino Ratio | 0.82 | 1.33 |
| Omega Ratio | 1.10 | 1.17 |
| Calmar Ratio | 0.26 | 0.40 |
| Martin Ratio | 1.25 | 2.32 |
| Ulcer Index | 8.75% | 10.32% |
| Daily Std Dev | 23.32% | 30.71% |
| Max Drawdown | -41.81% | -62.84% |
| Current Drawdown | -27.05% | -42.38% |
Correlation
The correlation between FLHK and MCHI is 0.71, 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. MCHI - Performance Comparison
In the year-to-date period, FLHK achieves a 6.80% return, which is significantly lower than MCHI's 29.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLHK vs. MCHI - Expense Ratio Comparison
FLHK has a 0.09% expense ratio, which is lower than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
FLHK vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Hong Kong ETF (FLHK) and iShares MSCI China ETF (MCHI). 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. MCHI - Dividend Comparison
FLHK's dividend yield for the trailing twelve months is around 5.08%, more than MCHI's 2.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLHK Franklin FTSE Hong Kong ETF | 5.08% | 5.40% | 3.85% | 2.81% | 3.11% | 3.00% | 2.59% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.26% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
Drawdowns
FLHK vs. MCHI - Drawdown Comparison
The maximum FLHK drawdown since its inception was -41.81%, smaller than the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for FLHK and MCHI. For additional features, visit the drawdowns tool.
Volatility
FLHK vs. MCHI - Volatility Comparison
The current volatility for Franklin FTSE Hong Kong ETF (FLHK) is 7.45%, while iShares MSCI China ETF (MCHI) has a volatility of 10.63%. This indicates that FLHK experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.