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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLSA or KSA.
Performance
FLSA vs. KSA - Performance Comparison
Returns By Period
In the year-to-date period, FLSA achieves a -0.81% return, which is significantly lower than KSA's -0.59% return.
FLSA
-0.81%
-1.14%
0.55%
5.44%
9.58%
N/A
KSA
-0.59%
-0.77%
2.04%
7.71%
8.68%
N/A
Key characteristics
| FLSA | KSA | |
|---|---|---|
| Sharpe Ratio | 0.39 | 0.53 |
| Sortino Ratio | 0.63 | 0.82 |
| Omega Ratio | 1.08 | 1.11 |
| Calmar Ratio | 0.27 | 0.35 |
| Martin Ratio | 0.95 | 1.35 |
| Ulcer Index | 5.50% | 5.24% |
| Daily Std Dev | 13.45% | 13.32% |
| Max Drawdown | -38.32% | -40.56% |
| Current Drawdown | -14.18% | -13.89% |
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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.
Correlation
The correlation between FLSA and KSA is 0.89, 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
FLSA vs. KSA - Risk-Adjusted Performance 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.
Dividends
FLSA vs. KSA - Dividend Comparison
FLSA's dividend yield for the trailing twelve months is around 3.32%, more than KSA's 2.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLSA Franklin FTSE Saudi Arabia ETF | 3.32% | 3.09% | 1.90% | 1.95% | 2.16% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% |
KSA iShares MSCI Saudi Arabia ETF | 2.79% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.06% | 0.04% |
Drawdowns
FLSA vs. KSA - Drawdown Comparison
The maximum FLSA drawdown since its inception was -38.32%, 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. For additional features, visit the drawdowns tool.
Volatility
FLSA vs. KSA - Volatility Comparison
Franklin FTSE Saudi Arabia ETF (FLSA) and iShares MSCI Saudi Arabia ETF (KSA) have volatilities of 3.32% and 3.26%, 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.