FLZA vs. ^GSPC
Compare and contrast key facts about Franklin FTSE South Africa ETF (FLZA) and S&P 500 (^GSPC).
FLZA is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE/JSE South Africa RIC Capped Index. It was launched on Oct 10, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLZA or ^GSPC.
Correlation
The correlation between FLZA and ^GSPC is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLZA vs. ^GSPC - Performance Comparison
Key characteristics
Returns By Period
FLZA
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
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Risk-Adjusted Performance
FLZA vs. ^GSPC — Risk-Adjusted Performance Rank
FLZA
^GSPC
FLZA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Africa ETF (FLZA) and S&P 500 (^GSPC). 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.
Drawdowns
FLZA vs. ^GSPC - Drawdown Comparison
Volatility
FLZA vs. ^GSPC - Volatility Comparison
The current volatility for Franklin FTSE South Africa ETF (FLZA) is 0.00%, while S&P 500 (^GSPC) has a volatility of 3.19%. This indicates that FLZA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.