FLLA vs. XLG

Last updated Jul 26, 2026

FLLA (Franklin FTSE Latin America ETF) and XLG (Invesco S&P 500 Top 50 ETF) are both exchange-traded funds - FLLA is a Latin America Equities fund tracking the FTSE Latin America RIC Capped Index, while XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index. Both are passively managed. Over the past 5 years, FLLA returned 9.29%/yr vs 13.16%/yr for XLG. Their 0.43 correlation means their historical movements had little consistent relationship. FLLA charges 0.19%/yr vs 0.20%/yr for XLG.

Performance

FLLA vs. XLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Latin America ETF (FLLA) and Invesco S&P 500 Top 50 ETF (XLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLLA achieves a 14.21% return, which is significantly higher than XLG's 1.55% return.

FLLA

• 1D: -0.61%
• 1M: 2.56%
• 6M: -0.13%
• YTD: 14.21%
• 1Y: 37.04%
• 3Y*: 10.65%
• 5Y*: 9.29%
• 10Y*: —
• ALL TIME*: 6.48%

XLG

• 1D: -0.22%
• 1M: 0.71%
• 6M: 2.67%
• YTD: 1.55%
• 1Y: 12.21%
• 3Y*: 19.71%
• 5Y*: 13.16%
• 10Y*: 16.25%
• ALL TIME*: 11.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLLA Franklin FTSE Latin America ETF	$721.85K	$757.25K	$1.17M
XLG Invesco S&P 500 Top 50 ETF	$60.47M	$91.92M	$104.94M

FLLA vs. XLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLLA Franklin FTSE Latin America ETF	14.21%	51.81%	-26.89%	32.71%	7.78%	-8.93%	-15.08%	19.59%	-2.78%
XLG Invesco S&P 500 Top 50 ETF	1.55%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-9.57%

Correlation

The correlation between FLLA and XLG is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.40
Correlation (All Time) Calculated using the full available price history since Oct 11, 2018	0.43

FLLA vs. XLG - Sectors Allocation Comparison

Sectors	FLLA	XLG
Financial Services	27.0%	9.7%
Basic Materials	18.1%	0.6%
Consumer Defensive	11.2%	5.0%
Energy	11.2%	2.2%
Utilities	9.9%	0.8%
Industrials	9.6%	2.9%
Communication Services	3.8%	13.5%
Real Estate	3.0%	-
Consumer Cyclical	2.8%	10.0%
Healthcare	0.8%	6.6%
Technology	0.4%	49.5%

Return for Risk

FLLA vs. XLG — Risk / Return Rank

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

FLLA

FLLA Risk / Return Rank: 69
FLLA Sharpe Ratio Rank: 74
FLLA Sortino Ratio Rank: 70
FLLA Omega Ratio Rank: 71
FLLA Calmar Ratio Rank: 74
FLLA Martin Ratio Rank: 55

XLG

XLG Risk / Return Rank: 34
XLG Sharpe Ratio Rank: 36
XLG Sortino Ratio Rank: 34
XLG Omega Ratio Rank: 34
XLG Calmar Ratio Rank: 31
XLG Martin Ratio Rank: 34

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. XLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Latin America ETF (FLLA) and Invesco S&P 500 Top 50 ETF (XLG). 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	XLG	Difference
Sharpe ratio: Return per unit of total volatility	1.70	0.88	+0.82
Sortino ratio: Return per unit of downside risk	2.29	1.28	+1.01
Omega ratio: Gain probability vs. loss probability	1.30	1.16	+0.14
Calmar ratio: Return relative to maximum drawdown	2.67	1.02	+1.64
Martin ratio: Return relative to average drawdown	6.62	3.29	+3.33

FLLA vs. XLG - Sharpe Ratio Comparison

The current FLLA Sharpe Ratio is 1.70, which is higher than the XLG Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of FLLA and XLG, 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. XLG - Drawdown Comparison

The maximum FLLA drawdown since its inception was -53.88%, roughly equal to the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for FLLA and XLG.

Drawdown Indicators

	FLLA	XLG	Difference
Max Drawdown Largest peak-to-trough decline	-53.88%	-52.39%	-1.49%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-12.41%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-27.76%	-20.70%	-7.06%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-28.02%	-0.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.46%	—
Current Drawdown Current decline from peak	-9.71%	-6.96%	-2.75%
Average Drawdown Average peak-to-trough decline	-13.43%	-7.62%	-5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	3.84%	+1.69%

Volatility

FLLA vs. XLG - Volatility Comparison

Franklin FTSE Latin America ETF (FLLA) and Invesco S&P 500 Top 50 ETF (XLG) have volatilities of 4.59% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLLA	XLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	4.47%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	17.69%	11.10%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	21.61%	14.39%	+7.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.74%	18.84%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.39%	18.89%	+8.50%

FLLA vs. XLG - Expense Ratio Comparison

FLLA has a 0.19% expense ratio, which is lower than XLG's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLLA vs. XLG - Dividend Comparison

FLLA's dividend yield for the trailing twelve months is around 4.80%, more than XLG's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLLA Franklin FTSE Latin America ETF	4.80%	6.06%	7.04%	5.45%	9.55%	7.60%	2.12%	3.18%	0.48%	0.00%	0.00%	0.00%
XLG Invesco S&P 500 Top 50 ETF	0.66%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both FLLA and XLG in my portfolio?

FLLA and XLG have a correlation of 0.48, 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 XLG?

FLLA has higher volatility (4.59%) compared to XLG (4.47%). In terms of maximum drawdown, FLLA dropped -53.88% vs XLG's -52.39%.

Which ETF is better, FLLA or XLG?

On 5-year performance, XLG leads with 13.16% vs 9.29% for FLLA. On fees, FLLA is cheaper at 0.19% per year. On volatility, XLG has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLLA or XLG?

Over the 5-year period, XLG has performed better with a 13.16% return vs 9.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLLA or XLG?

FLLA is cheaper with a 0.19% expense ratio, compared with 0.20% for XLG.

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

FLLA has the higher dividend yield at 4.80%, compared with 0.66% for XLG.

What is the main difference between FLLA and XLG?

FLLA is categorized as Latin America Equities, while XLG is S&P 500. FLLA tracks FTSE Latin America RIC Capped Index, while XLG tracks S&P 500 Top 50 Index. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.19% for FLLA and 0.20% for XLG.

Which has better risk-adjusted returns?

FLLA currently has the higher Sharpe Ratio (1.70 vs 0.88), 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.