FLLA vs. ASEA

Last updated Jun 23, 2026

FLLA (Franklin FTSE Latin America ETF) and ASEA (Global X FTSE Southeast Asia ETF) are both exchange-traded funds - FLLA is a Latin America Equities fund tracking the FTSE Latin America RIC Capped Index, while ASEA is a Asia Pacific Equities fund tracking the FTSE/ASEAN 40 Index. Both are passively managed. Over the past 5 years, FLLA returned 7.74%/yr vs 10.83%/yr for ASEA. A 0.51 correlation means they provide meaningful diversification when combined. FLLA charges 0.19%/yr vs 0.65%/yr for ASEA.

Performance

FLLA vs. ASEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Latin America ETF (FLLA) and Global X FTSE Southeast Asia ETF (ASEA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLLA achieves a 12.04% return, which is significantly higher than ASEA's 11.13% return.

FLLA

• 1D: 0.26%
• 1M: -2.84%
• YTD: 12.04%
• 6M: 14.05%
• 1Y: 33.29%
• 3Y*: 11.39%
• 5Y*: 7.74%
• 10Y*: —

ASEA

• 1D: -0.35%
• 1M: 2.26%
• YTD: 11.13%
• 6M: 10.54%
• 1Y: 30.97%
• 3Y*: 15.76%
• 5Y*: 10.83%
• 10Y*: 7.90%

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

FLLA vs. ASEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLLA Franklin FTSE Latin America ETF	12.04%	51.81%	-26.89%	32.71%	7.78%	-8.93%	-15.08%	19.59%	-2.78%
ASEA Global X FTSE Southeast Asia ETF	11.13%	19.80%	9.82%	4.88%	5.24%	4.66%	-7.88%	8.34%	2.76%

Correlation

The correlation between FLLA and ASEA is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 11, 2018	0.51

The correlation between FLLA and ASEA has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

FLLA vs. ASEA - Sectors Allocation Comparison

Sectors	FLLA	ASEA
Financial Services	24.4%	11.3%
Basic Materials	20.1%	0.5%
Energy	11.7%	3.2%
Consumer Defensive	11.4%	1.3%
Industrials	11.4%	6.3%
Utilities	9.0%	1.5%
Communication Services	3.9%	4.0%
Real Estate	3.1%	2.8%
Consumer Cyclical	2.9%	0.9%
Healthcare	1.6%	1.0%
Technology	0.4%	-

Return for Risk

FLLA vs. ASEA — Risk / Return Rank

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

FLLA

FLLA Risk / Return Rank: 45
FLLA Sharpe Ratio Rank: 46
FLLA Sortino Ratio Rank: 43
FLLA Omega Ratio Rank: 43
FLLA Calmar Ratio Rank: 50
FLLA Martin Ratio Rank: 44

ASEA

ASEA Risk / Return Rank: 69
ASEA Sharpe Ratio Rank: 70
ASEA Sortino Ratio Rank: 72
ASEA Omega Ratio Rank: 68
ASEA Calmar Ratio Rank: 76
ASEA Martin Ratio Rank: 59

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.

FLLA vs. ASEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Latin America ETF (FLLA) and Global X FTSE Southeast Asia ETF (ASEA). 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.

	FLLA	ASEA	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.18	-0.64
Sortino ratio: Return per unit of downside risk	2.11	3.13	-1.02
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	2.43	3.76	-1.33
Martin ratio: Return relative to average drawdown	6.98	10.11	-3.13

FLLA vs. ASEA - Sharpe Ratio Comparison

The current FLLA Sharpe Ratio is 1.54, which is comparable to the ASEA Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FLLA and ASEA, 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

FLLA vs. ASEA - Drawdown Comparison

The maximum FLLA drawdown since its inception was -53.88%, which is greater than ASEA's maximum drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for FLLA and ASEA.

Drawdown Indicators

	FLLA	ASEA	Difference
Max Drawdown Largest peak-to-trough decline	-53.88%	-44.16%	-9.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-8.28%	-5.47%
Max Drawdown (3Y) Largest decline over 3 years	-27.76%	-22.20%	-5.56%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-22.20%	-6.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.16%	—
Current Drawdown Current decline from peak	-11.42%	-1.36%	-10.06%
Average Drawdown Average peak-to-trough decline	-13.46%	-10.63%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	3.07%	+1.71%

Volatility

FLLA vs. ASEA - Volatility Comparison

Franklin FTSE Latin America ETF (FLLA) has a higher volatility of 5.84% compared to Global X FTSE Southeast Asia ETF (ASEA) at 4.22%. This indicates that FLLA's price experiences larger fluctuations and is considered to be riskier than ASEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLLA	ASEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	4.22%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	17.85%	11.49%	+6.36%
Volatility (1Y) Calculated over the trailing 1-year period	21.73%	14.30%	+7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.86%	14.72%	+8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.49%	17.58%	+9.91%

FLLA vs. ASEA - Expense Ratio Comparison

FLLA has a 0.19% expense ratio, which is lower than ASEA's 0.65% expense ratio.

Dividends

FLLA vs. ASEA - Dividend Comparison

FLLA's dividend yield for the trailing twelve months is around 3.46%, less than ASEA's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.55%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
FLLA Franklin FTSE Latin America ETF	3.46%	6.06%	7.04%	5.45%	9.55%	7.60%	2.12%	3.18%	0.48%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLLA and ASEA in my portfolio?

FLLA and ASEA have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLLA or ASEA?

FLLA has higher volatility (5.84%) compared to ASEA (4.22%). In terms of maximum drawdown, FLLA dropped -53.88% vs ASEA's -44.16%.

Which ETF is better, FLLA or ASEA?

On 5-year performance, ASEA leads with 10.83% vs 7.74% for FLLA. On fees, FLLA is cheaper at 0.19% per year. On volatility, ASEA 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, FLLA or ASEA?

Over the 5-year period, ASEA has performed better with a 10.83% return vs 7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLLA or ASEA?

FLLA is cheaper with a 0.19% expense ratio, compared with 0.65% for ASEA.

Which ETF pays a higher dividend yield, FLLA or ASEA?

ASEA has the higher dividend yield at 3.55%, compared with 3.46% for FLLA.

What is the main difference between FLLA and ASEA?

FLLA is categorized as Latin America Equities, while ASEA is Asia Pacific Equities. FLLA tracks FTSE Latin America RIC Capped Index, while ASEA tracks FTSE/ASEAN 40 Index. They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.19% for FLLA and 0.65% for ASEA.

Which has better risk-adjusted returns?

ASEA currently has the higher Sharpe Ratio (2.18 vs 1.54), 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.