FLMX vs. EWW
Compare and contrast key facts about Franklin FTSE Mexico ETF (FLMX) and iShares MSCI Mexico ETF (EWW).
FLMX and EWW 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. EWW is a passively managed fund by iShares that tracks the performance of the MSCI Mexico IMI 25/50 Index. It was launched on Mar 12, 1996. Both FLMX and EWW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMX or EWW.
Performance
FLMX vs. EWW - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FLMX having a -23.85% return and EWW slightly lower at -24.31%.
FLMX
-23.85%
-6.49%
-24.57%
-16.65%
5.36%
N/A
EWW
-24.31%
-5.69%
-24.09%
-17.04%
5.25%
-0.56%
Key characteristics
| FLMX | EWW | |
|---|---|---|
| Sharpe Ratio | -0.67 | -0.66 |
| Sortino Ratio | -0.78 | -0.76 |
| Omega Ratio | 0.90 | 0.90 |
| Calmar Ratio | -0.56 | -0.57 |
| Martin Ratio | -1.07 | -1.05 |
| Ulcer Index | 14.76% | 15.22% |
| Daily Std Dev | 23.52% | 24.30% |
| Max Drawdown | -50.05% | -64.95% |
| Current Drawdown | -27.24% | -27.23% |
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FLMX vs. EWW - Expense Ratio Comparison
FLMX has a 0.19% expense ratio, which is lower than EWW's 0.49% expense ratio.
Correlation
The correlation between FLMX and EWW is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FLMX vs. EWW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Mexico ETF (FLMX) and iShares MSCI Mexico ETF (EWW). 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. EWW - Dividend Comparison
FLMX's dividend yield for the trailing twelve months is around 3.46%, more than EWW's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLMX Franklin FTSE Mexico ETF | 3.46% | 2.90% | 4.22% | 3.15% | 1.48% | 2.95% | 2.51% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
EWW iShares MSCI Mexico ETF | 2.95% | 2.19% | 3.64% | 2.06% | 1.43% | 2.92% | 2.30% | 2.22% | 1.77% | 2.34% | 1.23% | 1.96% |
Drawdowns
FLMX vs. EWW - Drawdown Comparison
The maximum FLMX drawdown since its inception was -50.05%, smaller than the maximum EWW drawdown of -64.95%. Use the drawdown chart below to compare losses from any high point for FLMX and EWW. For additional features, visit the drawdowns tool.
Volatility
FLMX vs. EWW - Volatility Comparison
Franklin FTSE Mexico ETF (FLMX) and iShares MSCI Mexico ETF (EWW) have volatilities of 5.56% and 5.56%, 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.