FLSP vs. FLCH
FLSP (Franklin Liberty Systematic Style Premia ETF) and FLCH (Franklin FTSE China ETF) are both exchange-traded funds - FLSP is a Long-Short fund actively managed by Franklin Templeton, while FLCH is a China Equities fund tracking the FTSE China RIC Capped Index. FLSP is actively managed, while FLCH is passively managed. Over the past 5 years, FLSP returned 8.25%/yr vs -2.03%/yr for FLCH. Their 0.03 correlation means their historical movements had little consistent relationship. FLSP charges 0.65%/yr vs 0.19%/yr for FLCH.
Performance
FLSP vs. FLCH - Performance Comparison
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Returns By Period
In the year-to-date period, FLSP achieves a 5.20% return, which is significantly higher than FLCH's -6.16% return.
FLSP
- 1D
- 1.51%
- 1M
- 3.43%
- 6M
- 4.81%
- YTD
- 5.20%
- 1Y
- 17.32%
- 3Y*
- 10.53%
- 5Y*
- 8.25%
- 10Y*
- —
- ALL TIME*
- 4.56%
FLCH
- 1D
- 0.50%
- 1M
- 8.66%
- 6M
- -9.56%
- YTD
- -6.16%
- 1Y
- 1.60%
- 3Y*
- 7.92%
- 5Y*
- -2.03%
- 10Y*
- —
- ALL TIME*
- 0.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.84M | $4.46M | $3.18M | |
| $2.89M | $2.48M | $2.72M |
FLSP vs. FLCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 5.20% | 15.56% | 11.75% | 3.14% | 0.44% | 11.44% | -15.19% | 0.90% |
FLCH Franklin FTSE China ETF | -6.16% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 0.83% |
Correlation
The correlation between FLSP and FLCH is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2019 | 0.03 |
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Return for Risk
FLSP vs. FLCH — Risk / Return Rank
FLSP
FLCH
FLSP vs. FLCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Systematic Style Premia ETF (FLSP) and Franklin FTSE China ETF (FLCH). 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.
| FLSP | FLCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.02 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | -0.00 | +4.48 |
| Martin ratioReturn relative to average drawdown | 13.39 | -0.00 | +13.39 |
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Drawdowns
FLSP vs. FLCH - Drawdown Comparison
The maximum FLSP drawdown since its inception was -22.75%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for FLSP and FLCH.
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Drawdown Indicators
| FLSP | FLCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.75% | -62.09% | +39.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.03% | -21.48% | +17.45% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -25.15% | +18.46% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -50.38% | +40.86% |
Current DrawdownCurrent decline from peak | 0.00% | -33.85% | +33.85% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -30.63% | +24.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 10.23% | -8.88% |
Volatility
FLSP vs. FLCH - Volatility Comparison
The current volatility for Franklin Liberty Systematic Style Premia ETF (FLSP) is 2.98%, while Franklin FTSE China ETF (FLCH) has a volatility of 5.89%. This indicates that FLSP experiences smaller price fluctuations and is considered to be less risky than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLSP | FLCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 5.89% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 14.07% | -7.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.88% | 19.91% | -11.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 29.34% | -15.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 27.77% | -14.35% |
FLSP vs. FLCH - Expense Ratio Comparison
FLSP has a 0.65% expense ratio, which is higher than FLCH's 0.19% expense ratio.
Dividends
FLSP vs. FLCH - Dividend Comparison
FLSP's dividend yield for the trailing twelve months is around 2.52%, more than FLCH's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 2.31% | 2.36% | 2.87% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.01% |
FLSP Franklin Liberty Systematic Style Premia ETF | 2.52% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLSP and FLCH have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCH has higher volatility (5.89%) compared to FLSP (2.98%). In terms of maximum drawdown, FLSP dropped -22.75% vs FLCH's -62.09%.
On 5-year performance, FLSP leads with 8.25% vs -2.03% for FLCH. On fees, FLCH is cheaper at 0.19% per year. On volatility, FLSP has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLSP has performed better with a 8.25% return vs -2.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLCH is cheaper with a 0.19% expense ratio, compared with 0.65% for FLSP.
FLSP has the higher dividend yield at 2.52%, compared with 2.31% for FLCH.
FLSP is categorized as Long-Short, while FLCH is China Equities. Their fees differ too: 0.65% for FLSP and 0.19% for FLCH.
FLSP currently has the higher Sharpe Ratio (2.03 vs -0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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