FLQA.L vs. C300.L
FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF) and C300.L (Invesco S&P China A 300 Swap UCITS ETF Acc) are both China Equities funds - FLQA.L tracks the Franklin FTSE Asia ex China ex Japan UCITS ETF while C300.L tracks the S&P China A 300 Index. Both are passively managed. Over the past 3 years, FLQA.L returned 25.15%/yr vs 15.49%/yr for C300.L. A 0.52 correlation means they provide meaningful diversification when combined. FLQA.L charges 0.14%/yr vs 0.35%/yr for C300.L.
Performance
FLQA.L vs. C300.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLQA.L achieves a 32.52% return, which is significantly higher than C300.L's 12.15% return.
FLQA.L
- 1D
- -1.74%
- 1M
- -9.13%
- 6M
- 26.58%
- YTD
- 32.52%
- 1Y
- 52.26%
- 3Y*
- 25.15%
- 5Y*
- 12.63%
- 10Y*
- —
C300.L
- 1D
- 0.00%
- 1M
- -1.79%
- 6M
- 9.28%
- YTD
- 12.15%
- 1Y
- 38.21%
- 3Y*
- 15.49%
- 5Y*
- —
- 10Y*
- —
FLQA.L vs. C300.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF | 32.52% | 29.84% | 7.76% | 12.02% | -6.55% |
C300.L Invesco S&P China A 300 Swap UCITS ETF Acc | 12.15% | 33.78% | 14.79% | -11.81% | 1.72% |
Correlation
The correlation between FLQA.L and C300.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.52 |
The correlation between FLQA.L and C300.L has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
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Return for Risk
FLQA.L vs. C300.L — Risk / Return Rank
FLQA.L
C300.L
FLQA.L vs. C300.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.L) and Invesco S&P China A 300 Swap UCITS ETF Acc (C300.L). 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.
| FLQA.L | C300.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 5.02 | -1.27 |
| Martin ratioReturn relative to average drawdown | 11.86 | 14.57 | -2.71 |
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Drawdowns
FLQA.L vs. C300.L - Drawdown Comparison
The maximum FLQA.L drawdown since its inception was -29.21%, smaller than the maximum C300.L drawdown of -31.77%. Use the drawdown chart below to compare losses from any high point for FLQA.L and C300.L.
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Drawdown Indicators
| FLQA.L | C300.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.21% | -31.77% | +2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -7.64% | -6.13% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -28.06% | +5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.38% | — | — |
Current DrawdownCurrent decline from peak | -12.64% | -4.93% | -7.71% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -13.81% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 2.63% | +1.73% |
Volatility
FLQA.L vs. C300.L - Volatility Comparison
Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.L) has a higher volatility of 11.18% compared to Invesco S&P China A 300 Swap UCITS ETF Acc (C300.L) at 9.15%. This indicates that FLQA.L's price experiences larger fluctuations and is considered to be riskier than C300.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLQA.L | C300.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.18% | 9.15% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 22.99% | 15.26% | +7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.11% | 19.76% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 22.34% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 22.34% | -3.82% |
FLQA.L vs. C300.L - Expense Ratio Comparison
FLQA.L has a 0.14% expense ratio, which is lower than C300.L's 0.35% expense ratio.
Dividends
FLQA.L vs. C300.L - Dividend Comparison
Neither FLQA.L nor C300.L has paid dividends to shareholders.
Frequently Asked Questions
FLQA.L and C300.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLQA.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLQA.L is cheaper with a 0.14% expense ratio, compared with 0.35% for C300.L.
FLQA.L tracks Franklin FTSE Asia ex China ex Japan UCITS ETF, while C300.L tracks S&P China A 300 Index. They also come from different issuers: Franklin and Invesco. Their fees differ too: 0.14% for FLQA.L and 0.35% for C300.L.
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