FLSA vs. KSA
Compare and contrast key facts about Franklin FTSE Saudi Arabia ETF (FLSA) and iShares MSCI Saudi Arabia ETF (KSA).
FLSA and KSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLSA is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Saudi Arabia RIC Capped Index. It was launched on Oct 9, 2018. KSA is a passively managed fund by iShares that tracks the performance of the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index. It was launched on Sep 16, 2015. Both FLSA and KSA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLSA vs. KSA - Performance Comparison
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FLSA vs. KSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLSA Franklin FTSE Saudi Arabia ETF | 9.11% | -7.15% | -0.29% | 12.99% | -3.58% | 35.72% | 3.73% | 9.46% | 2.95% |
KSA iShares MSCI Saudi Arabia ETF | 9.17% | -8.20% | -0.19% | 15.05% | -6.06% | 33.62% | 2.65% | 9.30% | 3.64% |
Returns By Period
The year-to-date returns for both investments are quite close, with FLSA having a 9.11% return and KSA slightly higher at 9.17%.
FLSA
- 1D
- 2.36%
- 1M
- 6.79%
- YTD
- 9.11%
- 6M
- 0.01%
- 1Y
- -0.07%
- 3Y*
- 3.84%
- 5Y*
- 5.24%
- 10Y*
- —
KSA
- 1D
- 2.47%
- 1M
- 6.94%
- YTD
- 9.17%
- 6M
- -0.86%
- 1Y
- -1.07%
- 3Y*
- 3.88%
- 5Y*
- 4.57%
- 10Y*
- 8.88%
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FLSA vs. KSA - Expense Ratio Comparison
FLSA has a 0.39% expense ratio, which is lower than KSA's 0.74% expense ratio.
Return for Risk
FLSA vs. KSA — Risk / Return Rank
FLSA
KSA
FLSA vs. KSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Saudi Arabia ETF (FLSA) and iShares MSCI Saudi Arabia ETF (KSA). 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.
| FLSA | KSA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.00 | -0.06 | +0.05 |
Sortino ratioReturn per unit of downside risk | 0.13 | 0.05 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | -0.03 | +0.09 |
Martin ratioReturn relative to average drawdown | 0.11 | -0.05 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLSA | KSA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | -0.06 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.29 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.33 | +0.07 |
Correlation
The correlation between FLSA and KSA is 0.92, 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.
Dividends
FLSA vs. KSA - Dividend Comparison
FLSA's dividend yield for the trailing twelve months is around 3.68%, more than KSA's 2.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLSA Franklin FTSE Saudi Arabia ETF | 3.68% | 4.01% | 3.01% | 3.09% | 1.90% | 1.95% | 2.16% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% |
KSA iShares MSCI Saudi Arabia ETF | 2.70% | 2.95% | 3.44% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.05% | 0.04% |
Drawdowns
FLSA vs. KSA - Drawdown Comparison
The maximum FLSA drawdown since its inception was -38.31%, smaller than the maximum KSA drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FLSA and KSA.
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Drawdown Indicators
| FLSA | KSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.31% | -40.56% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -11.62% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.25% | -28.08% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -12.60% | -13.35% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -11.38% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 6.51% | -0.21% |
Volatility
FLSA vs. KSA - Volatility Comparison
Franklin FTSE Saudi Arabia ETF (FLSA) and iShares MSCI Saudi Arabia ETF (KSA) have volatilities of 7.17% and 7.02%, 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.
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Volatility by Period
| FLSA | KSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 7.02% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 12.13% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 18.17% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 15.94% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 20.17% | -0.63% |