FLIA vs. FLCH

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin Liberty International Aggregate Bond ETF (FLIA) and Franklin FTSE China ETF (FLCH).

FLIA and FLCH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLIA is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018. FLCH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE China RIC Capped Index. It was launched on Nov 2, 2017.

Performance

FLIA vs. FLCH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty International Aggregate Bond ETF (FLIA) and Franklin FTSE China ETF (FLCH). The values are adjusted to include any dividend payments, if applicable.

FLIA vs. FLCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLIA Franklin Liberty International Aggregate Bond ETF	0.35%	2.12%	2.42%	7.17%	-7.68%	-1.98%	1.37%	7.58%	-2.59%
FLCH Franklin FTSE China ETF	-5.65%	32.55%	18.00%	-11.21%	-22.74%	-20.87%	30.09%	24.32%	-22.83%

Returns By Period

In the year-to-date period, FLIA achieves a 0.35% return, which is significantly higher than FLCH's -5.65% return.

FLIA

• 1D: -0.05%
• 1M: -1.07%
• YTD: 0.35%
• 6M: 0.68%
• 1Y: 2.47%
• 3Y*: 3.15%
• 5Y*: 0.73%
• 10Y*: —

FLCH

• 1D: 0.29%
• 1M: -4.32%
• YTD: -5.65%
• 6M: -12.56%
• 1Y: 7.43%
• 3Y*: 7.60%
• 5Y*: -4.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLIA vs. FLCH - Expense Ratio Comparison

FLIA has a 0.25% expense ratio, which is higher than FLCH's 0.19% 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%.

FLIA

Franklin Liberty International Aggregate Bond ETF

FLCH

Franklin FTSE China ETF

Return for Risk

FLIA vs. FLCH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLIA

FLIA Risk / Return Rank: 38
FLIA Sharpe Ratio Rank: 34
FLIA Sortino Ratio Rank: 32
FLIA Omega Ratio Rank: 28
FLIA Calmar Ratio Rank: 49
FLIA Martin Ratio Rank: 44

FLCH

FLCH Risk / Return Rank: 21
FLCH Sharpe Ratio Rank: 20
FLCH Sortino Ratio Rank: 20
FLCH Omega Ratio Rank: 21
FLCH Calmar Ratio Rank: 22
FLCH Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLIA vs. FLCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty International Aggregate Bond ETF (FLIA) 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.

	FLIA	FLCH	Difference
Sharpe ratio Return per unit of total volatility	0.69	0.32	+0.37
Sortino ratio Return per unit of downside risk	0.99	0.59	+0.40
Omega ratio Gain probability vs. loss probability	1.12	1.08	+0.04
Calmar ratio Return relative to maximum drawdown	1.36	0.45	+0.91
Martin ratio Return relative to average drawdown	4.45	1.29	+3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLIA vs. FLCH - Sharpe Ratio Comparison

The current FLIA Sharpe Ratio is 0.69, which is higher than the FLCH Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of FLIA and FLCH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLIA	FLCH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.32	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	-0.16	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.02	+0.19

Correlation

The correlation between FLIA and FLCH is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FLIA vs. FLCH - Dividend Comparison

FLIA's dividend yield for the trailing twelve months is around 2.61%, more than FLCH's 2.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLIA Franklin Liberty International Aggregate Bond ETF	2.61%	2.62%	2.97%	0.93%	18.12%	2.26%	0.43%	2.93%	1.23%	0.00%
FLCH Franklin FTSE China ETF	2.50%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%

Drawdowns

FLIA vs. FLCH - Drawdown Comparison

The maximum FLIA drawdown since its inception was -11.24%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for FLIA and FLCH.

Drawdown Indicators

	FLIA	FLCH	Difference
Max Drawdown Largest peak-to-trough decline	-11.24%	-62.09%	+50.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.04%	-16.65%	+14.61%
Max Drawdown (5Y) Largest decline over 5 years	-9.42%	-56.06%	+46.64%
Current Drawdown Current decline from peak	-1.46%	-33.49%	+32.03%
Average Drawdown Average peak-to-trough decline	-3.86%	-30.50%	+26.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	6.02%	-5.40%

Volatility

FLIA vs. FLCH - Volatility Comparison

The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 1.58%, while Franklin FTSE China ETF (FLCH) has a volatility of 6.44%. This indicates that FLIA 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.

Volatility by Period

	FLIA	FLCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	6.44%	-4.86%
Volatility (6M) Calculated over the trailing 6-month period	2.16%	13.92%	-11.76%
Volatility (1Y) Calculated over the trailing 1-year period	3.59%	23.03%	-19.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.38%	29.58%	-25.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.73%	28.06%	-23.33%