FLXC.L vs. ICHN.AS

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin FTSE China UCITS ETF (FLXC.L) and iShares MSCI China UCITS ETF (ICHN.AS).

FLXC.L and ICHN.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ICHN.AS is a passively managed fund by iShares that tracks the performance of the MSCI China NR USD. It was launched on Jun 20, 2019. Both FLXC.L and ICHN.AS 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

FLXC.L vs. ICHN.AS - Performance Comparison

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

FLXC.L vs. ICHN.AS - 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%	11.01%
ICHN.AS iShares MSCI China UCITS ETF	-6.56%	31.69%	18.56%	-11.72%	-22.52%	-22.05%	29.63%	10.95%

Returns By Period

In the year-to-date period, FLXC.L achieves a -5.86% return, which is significantly higher than ICHN.AS's -6.56% 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*: —

ICHN.AS

• 1D: 2.15%
• 1M: -3.71%
• YTD: -6.56%
• 6M: -13.57%
• 1Y: 5.25%
• 3Y*: 7.11%
• 5Y*: -5.22%
• 10Y*: —

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

FLXC.L vs. ICHN.AS - Expense Ratio Comparison

FLXC.L has a 0.19% expense ratio, which is lower than ICHN.AS's 0.40% expense ratio.

ICHN.AS

iShares MSCI China UCITS ETF

FLXC.L

Franklin FTSE China UCITS ETF

Return for Risk

FLXC.L vs. ICHN.AS — 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

ICHN.AS

ICHN.AS Risk / Return Rank: 23
ICHN.AS Sharpe Ratio Rank: 17
ICHN.AS Sortino Ratio Rank: 17
ICHN.AS Omega Ratio Rank: 17
ICHN.AS Calmar Ratio Rank: 34
ICHN.AS Martin Ratio Rank: 29

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. ICHN.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China UCITS ETF (FLXC.L) and iShares MSCI China UCITS ETF (ICHN.AS). 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	ICHN.AS	Difference
Sharpe ratio Return per unit of total volatility	0.33	0.23	+0.10
Sortino ratio Return per unit of downside risk	0.59	0.46	+0.13
Omega ratio Gain probability vs. loss probability	1.08	1.06	+0.02
Calmar ratio Return relative to maximum drawdown	0.62	0.90	-0.28
Martin ratio Return relative to average drawdown	1.69	2.50	-0.81
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. ICHN.AS - Sharpe Ratio Comparison

The current FLXC.L Sharpe Ratio is 0.33, which is higher than the ICHN.AS Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of FLXC.L and ICHN.AS, 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	ICHN.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.23	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	-0.18	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.06	+0.03

Correlation

The correlation between FLXC.L and ICHN.AS is 0.95, 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

FLXC.L vs. ICHN.AS - Dividend Comparison

Neither FLXC.L nor ICHN.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FLXC.L vs. ICHN.AS - Drawdown Comparison

The maximum FLXC.L drawdown since its inception was -67.90%, which is greater than ICHN.AS's maximum drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for FLXC.L and ICHN.AS.

Drawdown Indicators

	FLXC.L	ICHN.AS	Difference
Max Drawdown Largest peak-to-trough decline	-67.90%	-62.67%	-5.23%
Max Drawdown (1Y) Largest decline over 1 year	-15.45%	-16.87%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-62.78%	-56.59%	-6.19%
Current Drawdown Current decline from peak	-33.36%	-34.83%	+1.47%
Average Drawdown Average peak-to-trough decline	-31.82%	-33.80%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.71%	6.08%	-0.37%

Volatility

FLXC.L vs. ICHN.AS - Volatility Comparison

The current volatility for Franklin FTSE China UCITS ETF (FLXC.L) is 6.08%, while iShares MSCI China UCITS ETF (ICHN.AS) has a volatility of 6.89%. This indicates that FLXC.L experiences smaller price fluctuations and is considered to be less risky than ICHN.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXC.L	ICHN.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	6.89%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	13.19%	14.21%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	21.66%	22.30%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.69%	28.91%	+3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.83%	28.88%	+1.95%