FLXC.L vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin FTSE China UCITS ETF (FLXC.L) and Bitcoin (BTC-USD).

FLXC.L is a passively managed fund by Franklin Templeton that tracks the performance of the MSCI China NR USD. It was launched on Jun 4, 2019.

Performance

FLXC.L vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE China UCITS ETF (FLXC.L) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

FLXC.L vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLXC.L Franklin FTSE China UCITS ETF	-5.86%	32.15%	19.36%	-12.74%	-22.72%	-20.67%	31.22%	16.03%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	-10.41%

Returns By Period

In the year-to-date period, FLXC.L achieves a -5.86% return, which is significantly higher than BTC-USD's -21.63% return.

FLXC.L

• 1D: 1.45%
• 1M: -4.13%
• YTD: -5.86%
• 6M: -12.65%
• 1Y: 7.15%
• 3Y*: 7.43%
• 5Y*: -4.88%
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FLXC.L vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLXC.L

FLXC.L Risk / Return Rank: 21
FLXC.L Sharpe Ratio Rank: 20
FLXC.L Sortino Ratio Rank: 20
FLXC.L Omega Ratio Rank: 19
FLXC.L Calmar Ratio Rank: 25
FLXC.L Martin Ratio Rank: 23

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLXC.L vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China UCITS ETF (FLXC.L) and Bitcoin (BTC-USD). 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.

	FLXC.L	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.33	-0.44	+0.77
Sortino ratio Return per unit of downside risk	0.59	-0.38	+0.97
Omega ratio Gain probability vs. loss probability	1.08	0.96	+0.12
Calmar ratio Return relative to maximum drawdown	0.62	-1.11	+1.73
Martin ratio Return relative to average drawdown	1.69	-1.99	+3.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLXC.L vs. BTC-USD - Sharpe Ratio Comparison

The current FLXC.L Sharpe Ratio is 0.33, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of FLXC.L and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLXC.L	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	-0.44	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.05	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.19	-1.10

Correlation

The correlation between FLXC.L and BTC-USD is 0.14, 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.

Drawdowns

FLXC.L vs. BTC-USD - Drawdown Comparison

The maximum FLXC.L drawdown since its inception was -67.90%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FLXC.L and BTC-USD.

Drawdown Indicators

	FLXC.L	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-67.90%	-85.30%	+17.40%
Max Drawdown (1Y) Largest decline over 1 year	-15.45%	-49.65%	+34.20%
Max Drawdown (5Y) Largest decline over 5 years	-62.78%	-76.67%	+13.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-33.36%	-45.02%	+11.66%
Average Drawdown Average peak-to-trough decline	-31.82%	-41.99%	+10.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.71%	27.60%	-21.89%

Volatility

FLXC.L vs. BTC-USD - Volatility Comparison

The current volatility for Franklin FTSE China UCITS ETF (FLXC.L) is 6.08%, while Bitcoin (BTC-USD) has a volatility of 13.58%. This indicates that FLXC.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXC.L	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	13.58%	-7.50%
Volatility (6M) Calculated over the trailing 6-month period	13.19%	35.98%	-22.79%
Volatility (1Y) Calculated over the trailing 1-year period	21.66%	36.76%	-15.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.69%	46.90%	-14.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.83%	56.70%	-25.87%