FLMX vs. AAA
Compare and contrast key facts about Franklin FTSE Mexico ETF (FLMX) and AAF First Priority CLO Bond ETF (AAA).
FLMX and AAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLMX is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Mexico RIC Capped Index. It was launched on Nov 3, 2017. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMX or AAA.
Key characteristics
| FLMX | AAA | |
|---|---|---|
| YTD Return | -2.27% | 2.30% |
| 1Y Return | 14.32% | 8.79% |
| 3Y Return (Ann) | 14.94% | 3.99% |
| Sharpe Ratio | 0.67 | 5.12 |
| Daily Std Dev | 19.89% | 1.72% |
| Max Drawdown | -50.05% | -2.64% |
| Current Drawdown | -6.62% | -0.00% |
Correlation
The correlation between FLMX and AAA is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLMX vs. AAA - Performance Comparison
In the year-to-date period, FLMX achieves a -2.27% return, which is significantly lower than AAA's 2.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLMX vs. AAA - Expense Ratio Comparison
FLMX has a 0.19% expense ratio, which is lower than AAA's 0.25% 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%.
Risk-Adjusted Performance
FLMX vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Mexico ETF (FLMX) and AAF First Priority CLO Bond ETF (AAA). 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.
Dividends
FLMX vs. AAA - Dividend Comparison
FLMX's dividend yield for the trailing twelve months is around 2.97%, less than AAA's 6.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLMX Franklin FTSE Mexico ETF | 2.97% | 2.90% | 4.22% | 3.15% | 1.48% | 2.95% | 2.51% | 0.31% |
AAA AAF First Priority CLO Bond ETF | 6.22% | 6.11% | 2.78% | 1.05% | 0.32% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLMX vs. AAA - Drawdown Comparison
The maximum FLMX drawdown since its inception was -50.05%, which is greater than AAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for FLMX and AAA. For additional features, visit the drawdowns tool.
Volatility
FLMX vs. AAA - Volatility Comparison
Franklin FTSE Mexico ETF (FLMX) has a higher volatility of 4.87% compared to AAF First Priority CLO Bond ETF (AAA) at 0.55%. This indicates that FLMX's price experiences larger fluctuations and is considered to be riskier than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.