FLHK vs. VWO
Compare and contrast key facts about Franklin FTSE Hong Kong ETF (FLHK) and Vanguard FTSE Emerging Markets ETF (VWO).
FLHK and VWO 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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both FLHK and VWO 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 VWO.
Key characteristics
| FLHK | VWO | |
|---|---|---|
| YTD Return | 1.09% | 12.13% |
| 1Y Return | 4.92% | 19.33% |
| 3Y Return (Ann) | -7.63% | -1.23% |
| 5Y Return (Ann) | -2.18% | 4.69% |
| Sharpe Ratio | 0.29 | 1.31 |
| Sortino Ratio | 0.57 | 1.90 |
| Omega Ratio | 1.07 | 1.24 |
| Calmar Ratio | 0.16 | 0.80 |
| Martin Ratio | 0.76 | 7.26 |
| Ulcer Index | 8.86% | 2.69% |
| Daily Std Dev | 23.56% | 14.95% |
| Max Drawdown | -41.81% | -67.68% |
| Current Drawdown | -30.95% | -9.74% |
Correlation
The correlation between FLHK and VWO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLHK vs. VWO - Performance Comparison
In the year-to-date period, FLHK achieves a 1.09% return, which is significantly lower than VWO's 12.13% 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. VWO - Expense Ratio Comparison
FLHK has a 0.09% expense ratio, which is higher than VWO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLHK vs. VWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Hong Kong ETF (FLHK) and Vanguard FTSE Emerging Markets ETF (VWO). 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. VWO - Dividend Comparison
FLHK's dividend yield for the trailing twelve months is around 5.37%, more than VWO's 2.64% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.64% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
FLHK vs. VWO - Drawdown Comparison
The maximum FLHK drawdown since its inception was -41.81%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FLHK and VWO. For additional features, visit the drawdowns tool.
Volatility
FLHK vs. VWO - Volatility Comparison
Franklin FTSE Hong Kong ETF (FLHK) has a higher volatility of 7.98% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 5.08%. This indicates that FLHK's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.