FLKR vs. TRCLX

Last updated Jun 5, 2026

FLKR (Franklin FTSE South Korea ETF) and TRCLX (T. Rowe Price China Evolution Equity Fund) are both funds - FLKR is a Asia Pacific Equities fund tracking the FTSE South Korea RIC Capped Index, while TRCLX is a China Equities fund managed by T. Rowe Price. Over the past 5 years, FLKR returned 18.41%/yr vs 2.76%/yr for TRCLX. At a 0.49 correlation, their price movements are largely independent. FLKR charges 0.09%/yr vs 1.04%/yr for TRCLX.

Performance

FLKR vs. TRCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE South Korea ETF (FLKR) and T. Rowe Price China Evolution Equity Fund (TRCLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLKR achieves a 104.96% return, which is significantly higher than TRCLX's 30.60% return.

FLKR

• 1D: -4.41%
• 1M: 16.33%
• YTD: 104.96%
• 6M: 121.64%
• 1Y: 213.10%
• 3Y*: 48.97%
• 5Y*: 18.41%
• 10Y*: —

TRCLX

• 1D: -0.38%
• 1M: 3.88%
• YTD: 30.60%
• 6M: 33.53%
• 1Y: 64.23%
• 3Y*: 21.59%
• 5Y*: 2.76%
• 10Y*: —

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

FLKR vs. TRCLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLKR Franklin FTSE South Korea ETF	104.96%	91.91%	-18.84%	19.16%	-27.50%	-7.54%	42.64%	9.21%
TRCLX T. Rowe Price China Evolution Equity Fund	30.60%	36.23%	10.95%	-15.51%	-26.24%	6.28%	59.73%	6.20%

Correlation

The correlation between FLKR and TRCLX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019	0.49

The correlation between FLKR and TRCLX shifts across timeframes, from 0.38 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLKR vs. TRCLX — Risk / Return Rank

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

FLKR

FLKR Risk / Return Rank: 96
FLKR Sharpe Ratio Rank: 98
FLKR Sortino Ratio Rank: 94
FLKR Omega Ratio Rank: 94
FLKR Calmar Ratio Rank: 96
FLKR Martin Ratio Rank: 96

TRCLX

TRCLX Risk / Return Rank: 93
TRCLX Sharpe Ratio Rank: 97
TRCLX Sortino Ratio Rank: 91
TRCLX Omega Ratio Rank: 87
TRCLX Calmar Ratio Rank: 96
TRCLX Martin Ratio Rank: 96

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.

FLKR vs. TRCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) and T. Rowe Price China Evolution Equity Fund (TRCLX). 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.

	FLKR	TRCLX	Difference
Sharpe ratio: Return per unit of total volatility	5.18	3.69	+1.49
Sortino ratio: Return per unit of downside risk	4.84	4.53	+0.31
Omega ratio: Gain probability vs. loss probability	1.67	1.61	+0.06
Calmar ratio: Return relative to maximum drawdown	9.32	6.42	+2.90
Martin ratio: Return relative to average drawdown	34.49	22.99	+11.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLKR vs. TRCLX - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 5.18, which is higher than the TRCLX Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of FLKR and TRCLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLKR	TRCLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.18	3.69	+1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.12	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.56	-0.03

Drawdowns

FLKR vs. TRCLX - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, roughly equal to the maximum TRCLX drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for FLKR and TRCLX.

Drawdown Indicators

	FLKR	TRCLX	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-50.67%	+0.61%
Max Drawdown (1Y) Largest decline over 1 year	-23.03%	-10.47%	-12.56%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-25.49%	-0.90%
Max Drawdown (5Y) Largest decline over 5 years	-49.51%	-49.44%	-0.07%
Current Drawdown Current decline from peak	-6.10%	-1.75%	-4.35%
Average Drawdown Average peak-to-trough decline	-22.06%	-22.75%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.21%	2.92%	+3.29%

Volatility

FLKR vs. TRCLX - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 20.38% compared to T. Rowe Price China Evolution Equity Fund (TRCLX) at 7.39%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than TRCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLKR	TRCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.38%	7.39%	+12.99%
Volatility (6M) Calculated over the trailing 6-month period	36.87%	13.84%	+23.03%
Volatility (1Y) Calculated over the trailing 1-year period	41.48%	18.22%	+23.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.25%	23.19%	+5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.60%	23.41%	+4.19%

FLKR vs. TRCLX - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than TRCLX's 1.04% expense ratio.

Dividends

FLKR vs. TRCLX - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 1.89%, more than TRCLX's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKR Franklin FTSE South Korea ETF	1.89%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%
TRCLX T. Rowe Price China Evolution Equity Fund	1.25%	1.64%	1.78%	2.56%	2.76%	8.23%	1.50%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLKR and TRCLX in my portfolio?

FLKR and TRCLX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLKR or TRCLX?

FLKR has higher volatility (20.38%) compared to TRCLX (7.39%). In terms of maximum drawdown, FLKR dropped -50.06% vs TRCLX's -50.67%.

Which has better risk-adjusted returns?

FLKR currently has the higher Sharpe Ratio (5.18 vs 3.69), 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.