FLIN vs. GLIN

Last updated Jun 23, 2026

FLIN (Franklin FTSE India ETF) and GLIN (VanEck Vectors India Growth Leaders ETF) are both Asia Pacific Equities funds - FLIN tracks the FTSE India RIC Capped Index while GLIN tracks the MarketGrader India All-Cap Growth Leaders Index. Both are passively managed. Over the past 5 years, FLIN returned 5.08%/yr vs 6.27%/yr for GLIN. Their correlation of 0.84 suggests significant overlap in exposure. FLIN charges 0.19%/yr vs 0.82%/yr for GLIN.

Performance

FLIN vs. GLIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE India ETF (FLIN) and VanEck Vectors India Growth Leaders ETF (GLIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLIN achieves a -6.84% return, which is significantly lower than GLIN's 3.97% return.

FLIN

• 1D: 1.35%
• 1M: 3.69%
• YTD: -6.84%
• 6M: -7.18%
• 1Y: -6.39%
• 3Y*: 7.12%
• 5Y*: 5.08%
• 10Y*: —

GLIN

• 1D: 2.39%
• 1M: 7.11%
• YTD: 3.97%
• 6M: 3.68%
• 1Y: 4.17%
• 3Y*: 12.89%
• 5Y*: 6.27%
• 10Y*: 3.07%

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

FLIN vs. GLIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLIN Franklin FTSE India ETF	-6.84%	2.40%	10.33%	20.58%	-7.96%	24.96%	14.50%	4.77%	-7.13%
GLIN VanEck Vectors India Growth Leaders ETF	3.97%	-5.47%	15.64%	36.13%	-21.46%	29.57%	-0.29%	-21.49%	-30.78%

Correlation

The correlation between FLIN and GLIN is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018	0.84

The correlation between FLIN and GLIN has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

FLIN vs. GLIN - Sectors Allocation Comparison

Sectors	FLIN	GLIN
Financial Services	26.9%	35.5%
Consumer Cyclical	12.0%	14.5%
Industrials	10.7%	20.5%
Basic Materials	9.5%	8.1%
Energy	9.0%	2.2%
Technology	8.3%	2.0%
Healthcare	6.7%	8.2%
Consumer Defensive	5.6%	0.6%
Utilities	5.4%	3.6%
Communication Services	4.6%	5.2%
Real Estate	1.3%	0.0%

Return for Risk

FLIN vs. GLIN — Risk / Return Rank

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

FLIN

FLIN Risk / Return Rank: 5
FLIN Sharpe Ratio Rank: 5
FLIN Sortino Ratio Rank: 5
FLIN Omega Ratio Rank: 5
FLIN Calmar Ratio Rank: 6
FLIN Martin Ratio Rank: 5

GLIN

GLIN Risk / Return Rank: 11
GLIN Sharpe Ratio Rank: 11
GLIN Sortino Ratio Rank: 11
GLIN Omega Ratio Rank: 11
GLIN Calmar Ratio Rank: 11
GLIN Martin Ratio Rank: 11

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.

FLIN vs. GLIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) and VanEck Vectors India Growth Leaders ETF (GLIN). 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	GLIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	0.23	-0.66
Sortino ratio: Return per unit of downside risk	-0.52	0.47	-0.99
Omega ratio: Gain probability vs. loss probability	0.94	1.05	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.34	0.23	-0.57
Martin ratio: Return relative to average drawdown	-0.79	0.66	-1.45

FLIN vs. GLIN - Sharpe Ratio Comparison

The current FLIN Sharpe Ratio is -0.43, which is lower than the GLIN Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of FLIN and GLIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLIN vs. GLIN - Drawdown Comparison

The maximum FLIN drawdown since its inception was -41.90%, smaller than the maximum GLIN drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for FLIN and GLIN.

Drawdown Indicators

	FLIN	GLIN	Difference
Max Drawdown Largest peak-to-trough decline	-41.90%	-79.36%	+37.46%
Max Drawdown (1Y) Largest decline over 1 year	-18.79%	-18.56%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	-26.77%	+3.92%
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	-30.97%	+8.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-74.80%	—
Current Drawdown Current decline from peak	-14.23%	-40.90%	+26.67%
Average Drawdown Average peak-to-trough decline	-8.06%	-50.93%	+42.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.07%	6.38%	+1.69%

Volatility

FLIN vs. GLIN - Volatility Comparison

The current volatility for Franklin FTSE India ETF (FLIN) is 4.22%, while VanEck Vectors India Growth Leaders ETF (GLIN) has a volatility of 5.59%. This indicates that FLIN experiences smaller price fluctuations and is considered to be less risky than GLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLIN	GLIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	5.59%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	13.13%	15.66%	-2.53%
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	17.94%	-2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	18.29%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.42%	23.71%	-3.29%

FLIN vs. GLIN - Expense Ratio Comparison

FLIN has a 0.19% expense ratio, which is lower than GLIN's 0.82% expense ratio.

Dividends

FLIN vs. GLIN - Dividend Comparison

FLIN's dividend yield for the trailing twelve months is around 0.42%, less than GLIN's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLIN Franklin FTSE India ETF	0.42%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%	0.00%	0.00%	0.00%
GLIN VanEck Vectors India Growth Leaders ETF	0.81%	0.84%	3.58%	0.96%	1.70%	0.00%	0.24%	1.42%	0.12%	0.10%	1.39%	3.11%

Frequently Asked Questions

Can I hold both FLIN and GLIN in my portfolio?

With a correlation of 0.90, FLIN and GLIN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FLIN or GLIN?

GLIN has higher volatility (5.59%) compared to FLIN (4.22%). In terms of maximum drawdown, FLIN dropped -41.90% vs GLIN's -79.36%.

Which ETF is better, FLIN or GLIN?

On 5-year performance, GLIN leads with 6.27% vs 5.08% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, FLIN has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLIN or GLIN?

Over the 5-year period, GLIN has performed better with a 6.27% return vs 5.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLIN or GLIN?

FLIN is cheaper with a 0.19% expense ratio, compared with 0.82% for GLIN.

Which ETF pays a higher dividend yield, FLIN or GLIN?

GLIN has the higher dividend yield at 0.81%, compared with 0.42% for FLIN.

What is the main difference between FLIN and GLIN?

FLIN tracks FTSE India RIC Capped Index, while GLIN tracks MarketGrader India All-Cap Growth Leaders Index. They also come from different issuers: Franklin Templeton and VanEck. Their fees differ too: 0.19% for FLIN and 0.82% for GLIN.

Which has better risk-adjusted returns?

GLIN currently has the higher Sharpe Ratio (0.23 vs -0.43), 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.