FLIN vs. XC

Last updated Jul 15, 2026

FLIN (Franklin FTSE India ETF) and XC (WisdomTree Emerging Markets ex-China Fund) are both exchange-traded funds - FLIN is a India Equities fund tracking the FTSE India RIC Capped Index, while XC is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, FLIN returned 4.71%/yr vs 9.07%/yr for XC. A 0.65 correlation means they provide meaningful diversification when combined. FLIN charges 0.19%/yr vs 0.32%/yr for XC.

Performance

FLIN vs. XC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE India ETF (FLIN) and WisdomTree Emerging Markets ex-China Fund (XC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLIN achieves a -9.23% return, which is significantly lower than XC's -0.95% return.

FLIN

• 1D: 0.06%
• 1M: 1.18%
• 6M: -7.65%
• YTD: -9.23%
• 1Y: -10.46%
• 3Y*: 4.71%
• 5Y*: 4.42%
• 10Y*: —

XC

• 1D: 0.42%
• 1M: 0.70%
• 6M: -2.46%
• YTD: -0.95%
• 1Y: 4.80%
• 3Y*: 9.07%
• 5Y*: —
• 10Y*: —

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

FLIN vs. XC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FLIN Franklin FTSE India ETF	-9.23%	2.40%	10.33%	20.58%	-2.38%
XC WisdomTree Emerging Markets ex-China Fund	-0.95%	18.19%	5.49%	21.31%	1.58%

Correlation

The correlation between FLIN and XC is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 22, 2022	0.65

The correlation between FLIN and XC has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

Return for Risk

FLIN vs. XC — Risk / Return Rank

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

FLIN

FLIN Risk / Return Rank: 4
FLIN Sharpe Ratio Rank: 4
FLIN Sortino Ratio Rank: 4
FLIN Omega Ratio Rank: 4
FLIN Calmar Ratio Rank: 5
FLIN Martin Ratio Rank: 3

XC

XC Risk / Return Rank: 15
XC Sharpe Ratio Rank: 15
XC Sortino Ratio Rank: 14
XC Omega Ratio Rank: 14
XC Calmar Ratio Rank: 15
XC Martin Ratio Rank: 15

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. XC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) and WisdomTree Emerging Markets ex-China Fund (XC). 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	XC	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	0.33	-1.01
Sortino ratio: Return per unit of downside risk	-0.91	0.57	-1.48
Omega ratio: Gain probability vs. loss probability	0.90	1.07	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.58	0.39	-0.96
Martin ratio: Return relative to average drawdown	-1.31	0.98	-2.30

FLIN vs. XC - Sharpe Ratio Comparison

The current FLIN Sharpe Ratio is -0.69, which is lower than the XC Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of FLIN and XC, 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. XC - Drawdown Comparison

The maximum FLIN drawdown since its inception was -41.90%, which is greater than XC's maximum drawdown of -20.97%. Use the drawdown chart below to compare losses from any high point for FLIN and XC.

Drawdown Indicators

	FLIN	XC	Difference
Max Drawdown Largest peak-to-trough decline	-41.90%	-20.97%	-20.93%
Max Drawdown (1Y) Largest decline over 1 year	-18.25%	-12.47%	-5.78%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	-20.97%	-1.88%
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	—	—
Current Drawdown Current decline from peak	-16.43%	-6.98%	-9.45%
Average Drawdown Average peak-to-trough decline	-8.11%	-4.21%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.98%	4.89%	+3.09%

Volatility

FLIN vs. XC - Volatility Comparison

Franklin FTSE India ETF (FLIN) has a higher volatility of 4.48% compared to WisdomTree Emerging Markets ex-China Fund (XC) at 4.03%. This indicates that FLIN's price experiences larger fluctuations and is considered to be riskier than XC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLIN	XC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.03%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	13.36%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	14.82%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	15.87%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.38%	15.87%	+4.51%

FLIN vs. XC - Expense Ratio Comparison

FLIN has a 0.19% expense ratio, which is lower than XC's 0.32% expense ratio.

Dividends

FLIN vs. XC - Dividend Comparison

FLIN's dividend yield for the trailing twelve months is around 0.43%, less than XC's 12.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLIN Franklin FTSE India ETF	0.43%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%
XC WisdomTree Emerging Markets ex-China Fund	12.13%	11.74%	1.49%	1.42%	0.57%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLIN and XC in my portfolio?

FLIN and XC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLIN or XC?

FLIN has higher volatility (4.48%) compared to XC (4.03%). In terms of maximum drawdown, FLIN dropped -41.90% vs XC's -20.97%.

Which ETF is better, FLIN or XC?

On 3-year performance, XC leads with 9.07% vs 4.71% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, XC has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLIN or XC?

Over the 3-year period, XC has performed better with a 9.07% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLIN or XC?

FLIN is cheaper with a 0.19% expense ratio, compared with 0.32% for XC.

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

XC has the higher dividend yield at 12.13%, compared with 0.43% for FLIN.

What is the main difference between FLIN and XC?

FLIN is categorized as India Equities, while XC is Emerging Markets Diversified. FLIN tracks FTSE India RIC Capped Index, while XC tracks WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.19% for FLIN and 0.32% for XC.

Which has better risk-adjusted returns?

XC currently has the higher Sharpe Ratio (0.33 vs -0.69), 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.