FLQA.L vs. XCNA.L
FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF) and XCNA.L (Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C) are both China Equities funds - FLQA.L tracks the Franklin FTSE Asia ex China ex Japan UCITS ETF while XCNA.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 3 years, FLQA.L returned 25.15%/yr vs 14.08%/yr for XCNA.L. A 0.51 correlation means they provide meaningful diversification when combined. FLQA.L charges 0.14%/yr vs 0.29%/yr for XCNA.L.
Performance
FLQA.L vs. XCNA.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 XCNA.L's 9.69% 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*
- —
XCNA.L
- 1D
- 0.00%
- 1M
- -2.02%
- 6M
- 7.23%
- YTD
- 9.69%
- 1Y
- 34.84%
- 3Y*
- 14.08%
- 5Y*
- —
- 10Y*
- —
FLQA.L vs. XCNA.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% | -3.36% |
XCNA.L Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C | 9.69% | 32.54% | 14.47% | -12.47% | 11.73% |
Correlation
The correlation between FLQA.L and XCNA.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.51 |
The correlation between FLQA.L and XCNA.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. XCNA.L — Risk / Return Rank
FLQA.L
XCNA.L
FLQA.L vs. XCNA.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 Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.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 | XCNA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 4.74 | -0.99 |
| Martin ratioReturn relative to average drawdown | 11.86 | 13.37 | -1.50 |
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Drawdowns
FLQA.L vs. XCNA.L - Drawdown Comparison
The maximum FLQA.L drawdown since its inception was -29.21%, smaller than the maximum XCNA.L drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for FLQA.L and XCNA.L.
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Drawdown Indicators
| FLQA.L | XCNA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.21% | -32.05% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -7.34% | -6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -27.66% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -25.38% | — | — |
Current DrawdownCurrent decline from peak | -12.64% | -5.15% | -7.49% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -13.98% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 2.61% | +1.75% |
Volatility
FLQA.L vs. XCNA.L - Volatility Comparison
Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.L) has a higher volatility of 11.18% compared to Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L) at 8.24%. This indicates that FLQA.L's price experiences larger fluctuations and is considered to be riskier than XCNA.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 | XCNA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.18% | 8.24% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.99% | 14.15% | +8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.11% | 18.67% | +6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 24.53% | -6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 24.53% | -6.01% |
FLQA.L vs. XCNA.L - Expense Ratio Comparison
FLQA.L has a 0.14% expense ratio, which is lower than XCNA.L's 0.29% expense ratio.
Dividends
FLQA.L vs. XCNA.L - Dividend Comparison
Neither FLQA.L nor XCNA.L has paid dividends to shareholders.
Frequently Asked Questions
FLQA.L and XCNA.L have a correlation of 0.52, 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 0.29% for XCNA.L.
FLQA.L tracks Franklin FTSE Asia ex China ex Japan UCITS ETF, while XCNA.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: Franklin and DWS. Their fees differ too: 0.14% for FLQA.L and 0.29% for XCNA.L.
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