FLSA vs. KWT
Compare and contrast key facts about Franklin FTSE Saudi Arabia ETF (FLSA) and iShares MSCI Kuwait ETF (KWT).
FLSA and KWT 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. KWT is a passively managed fund by iShares that tracks the performance of the MSCI All Kuwait Select Size Liquidity Capped Index. It was launched on Sep 1, 2020. Both FLSA and KWT 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 KWT.
Performance
FLSA vs. KWT - Performance Comparison
Returns By Period
In the year-to-date period, FLSA achieves a -0.81% return, which is significantly lower than KWT's 11.68% return.
FLSA
-0.81%
-1.14%
0.55%
5.44%
9.58%
N/A
KWT
11.68%
4.66%
2.80%
14.59%
N/A
N/A
Key characteristics
| FLSA | KWT | |
|---|---|---|
| Sharpe Ratio | 0.39 | 1.24 |
| Sortino Ratio | 0.63 | 1.81 |
| Omega Ratio | 1.08 | 1.24 |
| Calmar Ratio | 0.27 | 0.69 |
| Martin Ratio | 0.95 | 6.19 |
| Ulcer Index | 5.50% | 2.43% |
| Daily Std Dev | 13.45% | 12.17% |
| Max Drawdown | -38.32% | -25.37% |
| Current Drawdown | -14.18% | -9.73% |
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FLSA vs. KWT - Expense Ratio Comparison
FLSA has a 0.39% expense ratio, which is lower than KWT's 0.74% expense ratio.
Correlation
The correlation between FLSA and KWT is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
FLSA vs. KWT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Saudi Arabia ETF (FLSA) and iShares MSCI Kuwait ETF (KWT). 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. KWT - Dividend Comparison
FLSA's dividend yield for the trailing twelve months is around 3.32%, less than KWT's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FLSA Franklin FTSE Saudi Arabia ETF | 3.32% | 3.09% | 1.90% | 1.95% | 2.16% | 3.18% |
KWT iShares MSCI Kuwait ETF | 4.54% | 2.26% | 4.49% | 7.65% | 0.27% | 0.00% |
Drawdowns
FLSA vs. KWT - Drawdown Comparison
The maximum FLSA drawdown since its inception was -38.32%, which is greater than KWT's maximum drawdown of -25.37%. Use the drawdown chart below to compare losses from any high point for FLSA and KWT. For additional features, visit the drawdowns tool.
Volatility
FLSA vs. KWT - Volatility Comparison
Franklin FTSE Saudi Arabia ETF (FLSA) has a higher volatility of 3.32% compared to iShares MSCI Kuwait ETF (KWT) at 3.16%. This indicates that FLSA's price experiences larger fluctuations and is considered to be riskier than KWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.