FLIN vs. ^NDX
FLIN (Franklin FTSE India ETF) is Asia Pacific Equities fund tracking the FTSE India RIC Capped Index, while ^NDX (NASDAQ 100 Index) is an index. Over the past 5 years, FLIN returned 3.89%/yr vs 16.18%/yr for ^NDX. At a 0.44 correlation, their price movements are largely independent.
Performance
FLIN vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, FLIN achieves a -10.29% return, which is significantly lower than ^NDX's 17.37% return.
FLIN
- 1D
- 1.11%
- 1M
- -0.40%
- YTD
- -10.29%
- 6M
- -8.41%
- 1Y
- -10.13%
- 3Y*
- 5.77%
- 5Y*
- 3.89%
- 10Y*
- —
^NDX
- 1D
- 0.64%
- 1M
- 0.19%
- YTD
- 17.37%
- 6M
- 17.62%
- 1Y
- 37.01%
- 3Y*
- 25.76%
- 5Y*
- 16.18%
- 10Y*
- 20.95%
FLIN vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | -10.29% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -7.13% |
^NDX NASDAQ 100 Index | 17.37% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -3.83% |
Correlation
The correlation between FLIN and ^NDX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | 0.44 |
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Return for Risk
FLIN vs. ^NDX — Risk / Return Rank
FLIN
^NDX
FLIN vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) and NASDAQ 100 Index (^NDX). 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.
| FLIN | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.36 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.92 | -3.53 |
| Martin ratioReturn relative to average drawdown | -1.44 | 10.85 | -12.29 |
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Drawdowns
FLIN vs. ^NDX - Drawdown Comparison
The maximum FLIN drawdown since its inception was -41.90%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for FLIN and ^NDX.
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Drawdown Indicators
| FLIN | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -82.90% | +41.00% |
Max Drawdown (1Y)Largest decline over 1 year | -18.79% | -12.12% | -6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -22.93% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.85% | -35.56% | +12.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.56% | — |
Current DrawdownCurrent decline from peak | -17.41% | -3.34% | -14.07% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -24.61% | +16.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 3.26% | +4.67% |
Volatility
FLIN vs. ^NDX - Volatility Comparison
The current volatility for Franklin FTSE India ETF (FLIN) is 4.11%, while NASDAQ 100 Index (^NDX) has a volatility of 7.51%. This indicates that FLIN experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLIN | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 7.51% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 13.84% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 17.29% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 22.76% | -7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.43% | 22.61% | -2.18% |
Frequently Asked Questions
FLIN and ^NDX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^NDX has higher volatility (7.51%) compared to FLIN (4.11%). In terms of maximum drawdown, FLIN dropped -41.90% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.05 vs -0.76), 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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