FLXI.DE vs. ICGA.DE
FLXI.DE (Franklin FTSE India UCITS ETF) and ICGA.DE (iShares MSCI China UCITS ETF USD Acc) are both exchange-traded funds - FLXI.DE is a Asia Pacific Equities fund tracking the FTSE India 30/18 Capped, while ICGA.DE is a China Equities fund tracking the MSCI China. Both are passively managed. Over the past 5 years, FLXI.DE returned 5.79%/yr vs -3.91%/yr for ICGA.DE. At a 0.32 correlation, their price movements are largely independent. FLXI.DE charges 0.19%/yr vs 0.28%/yr for ICGA.DE.
Performance
FLXI.DE vs. ICGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXI.DE achieves a -6.70% return, which is significantly higher than ICGA.DE's -7.21% return.
FLXI.DE
- 1D
- 1.80%
- 1M
- 2.56%
- YTD
- -6.70%
- 6M
- -5.19%
- 1Y
- -8.29%
- 3Y*
- 4.54%
- 5Y*
- 5.79%
- 10Y*
- —
ICGA.DE
- 1D
- 1.03%
- 1M
- -2.20%
- YTD
- -7.21%
- 6M
- -6.68%
- 1Y
- 3.16%
- 3Y*
- 6.05%
- 5Y*
- -3.91%
- 10Y*
- —
FLXI.DE vs. ICGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXI.DE Franklin FTSE India UCITS ETF | -6.70% | -8.72% | 16.97% | 17.28% | -1.80% | 35.51% | 1.87% | 1.08% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -7.21% | 16.59% | 27.32% | -14.87% | -15.07% | -17.34% | 15.34% | 14.19% |
Correlation
The correlation between FLXI.DE and ICGA.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.32 |
The correlation between FLXI.DE and ICGA.DE shifts across timeframes, from 0.23 (3 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLXI.DE vs. ICGA.DE — Risk / Return Rank
FLXI.DE
ICGA.DE
FLXI.DE vs. ICGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FLXI.DE) and iShares MSCI China UCITS ETF USD Acc (ICGA.DE). 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.
| FLXI.DE | ICGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.04 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 0.18 | -0.67 |
| Martin ratioReturn relative to average drawdown | -1.08 | 0.37 | -1.45 |
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Drawdowns
FLXI.DE vs. ICGA.DE - Drawdown Comparison
The maximum FLXI.DE drawdown since its inception was -40.58%, smaller than the maximum ICGA.DE drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for FLXI.DE and ICGA.DE.
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Drawdown Indicators
| FLXI.DE | ICGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -55.91% | +15.33% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -17.50% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -24.29% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | -49.29% | +24.53% |
Current DrawdownCurrent decline from peak | -18.99% | -32.83% | +13.84% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -28.78% | +20.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 8.47% | -0.80% |
Volatility
FLXI.DE vs. ICGA.DE - Volatility Comparison
The current volatility for Franklin FTSE India UCITS ETF (FLXI.DE) is 4.96%, while iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a volatility of 6.02%. This indicates that FLXI.DE experiences smaller price fluctuations and is considered to be less risky than ICGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXI.DE | ICGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 6.02% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 13.75% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 18.96% | -3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 27.79% | -11.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 27.05% | -7.09% |
FLXI.DE vs. ICGA.DE - Expense Ratio Comparison
FLXI.DE has a 0.19% expense ratio, which is lower than ICGA.DE's 0.28% expense ratio.
Dividends
FLXI.DE vs. ICGA.DE - Dividend Comparison
Neither FLXI.DE nor ICGA.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXI.DE and ICGA.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXI.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI.DE is cheaper with a 0.19% expense ratio, compared with 0.28% for ICGA.DE.
FLXI.DE is categorized as Asia Pacific Equities, while ICGA.DE is China Equities. FLXI.DE tracks FTSE India 30/18 Capped, while ICGA.DE tracks MSCI China. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FLXI.DE and 0.28% for ICGA.DE.
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