FRQX.L vs. C300.L
FRQX.L (Franklin AC Asia ex Japan UCITS ETF) and C300.L (Invesco S&P China A 300 Swap UCITS ETF Acc) are both exchange-traded funds - FRQX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while C300.L is a China Equities fund tracking the S&P China A 300 Index. Both are passively managed. Over the past 3 years, FRQX.L returned 23.21%/yr vs 13.61%/yr for C300.L. At a 0.40 correlation, their price movements are largely independent. FRQX.L charges 0.40%/yr vs 0.35%/yr for C300.L.
Performance
FRQX.L vs. C300.L - Performance Comparison
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Different Trading Currencies
FRQX.L is traded in GBP, while C300.L is traded in USD. To make them comparable, the C300.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FRQX.L achieves a 30.16% return, which is significantly higher than C300.L's 9.30% return.
FRQX.L
- 1D
- -1.71%
- 1M
- -11.87%
- 6M
- 22.09%
- YTD
- 30.16%
- 1Y
- 47.75%
- 3Y*
- 23.21%
- 5Y*
- 12.76%
- 10Y*
- —
C300.L
- 1D
- 0.00%
- 1M
- -6.37%
- 6M
- 5.62%
- YTD
- 9.30%
- 1Y
- 33.14%
- 3Y*
- 13.61%
- 5Y*
- —
- 10Y*
- —
FRQX.L vs. C300.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRQX.L Franklin AC Asia ex Japan UCITS ETF | 30.16% | 21.14% | 9.38% | 5.79% | -3.95% |
C300.L Invesco S&P China A 300 Swap UCITS ETF Acc | 9.30% | 24.25% | 16.79% | -16.21% | 3.69% |
Correlation
The correlation between FRQX.L and C300.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.40 |
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Return for Risk
FRQX.L vs. C300.L — Risk / Return Rank
FRQX.L
C300.L
FRQX.L vs. C300.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin AC Asia ex Japan UCITS ETF (FRQX.L) and Invesco S&P China A 300 Swap UCITS ETF Acc (C300.L). 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.
| FRQX.L | C300.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.76 | -0.72 |
| Martin ratioReturn relative to average drawdown | 11.08 | 11.75 | -0.67 |
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Drawdowns
FRQX.L vs. C300.L - Drawdown Comparison
The maximum FRQX.L drawdown since its inception was -35.92%, roughly equal to the maximum C300.L drawdown of -34.94%. Use the drawdown chart below to compare losses from any high point for FRQX.L and C300.L.
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Drawdown Indicators
| FRQX.L | C300.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.92% | -34.94% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -8.85% | -6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.00% | -26.04% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | — | — |
Current DrawdownCurrent decline from peak | -15.65% | -8.85% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -15.44% | -15.08% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 2.83% | +1.47% |
Volatility
FRQX.L vs. C300.L - Volatility Comparison
Franklin AC Asia ex Japan UCITS ETF (FRQX.L) has a higher volatility of 11.01% compared to Invesco S&P China A 300 Swap UCITS ETF Acc (C300.L) at 9.13%. This indicates that FRQX.L's price experiences larger fluctuations and is considered to be riskier than C300.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRQX.L | C300.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 9.13% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 21.03% | 15.25% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.96% | 19.84% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 21.49% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.50% | 21.49% | +0.01% |
FRQX.L vs. C300.L - Expense Ratio Comparison
FRQX.L has a 0.40% expense ratio, which is higher than C300.L's 0.35% expense ratio.
Dividends
FRQX.L vs. C300.L - Dividend Comparison
Neither FRQX.L nor C300.L has paid dividends to shareholders.
Frequently Asked Questions
FRQX.L and C300.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, C300.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
C300.L is cheaper with a 0.35% expense ratio, compared with 0.40% for FRQX.L.
FRQX.L is categorized as Asia Pacific Equities, while C300.L is China Equities. FRQX.L tracks MSCI AC Asia Ex Japan NR USD, while C300.L tracks S&P China A 300 Index. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.40% for FRQX.L and 0.35% for C300.L.
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