FTSD vs. FLCH
FTSD (Franklin Short Duration U.S. Government ETF) and FLCH (Franklin FTSE China ETF) are both exchange-traded funds - FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton, while FLCH is a China Equities fund tracking the FTSE China RIC Capped Index. FTSD is actively managed, while FLCH is passively managed. Over the past 5 years, FTSD returned 2.57%/yr vs -4.99%/yr for FLCH. At a correlation of -0.02, they often move in opposite directions. FTSD charges 0.25%/yr vs 0.19%/yr for FLCH.
Performance
FTSD vs. FLCH - Performance Comparison
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Returns By Period
In the year-to-date period, FTSD achieves a 1.10% return, which is significantly higher than FLCH's -11.65% return.
FTSD
- 1D
- 0.01%
- 1M
- 0.19%
- 6M
- 1.11%
- YTD
- 1.10%
- 1Y
- 4.10%
- 3Y*
- 4.93%
- 5Y*
- 2.57%
- 10Y*
- 2.07%
FLCH
- 1D
- -1.36%
- 1M
- -3.67%
- 6M
- -17.28%
- YTD
- -11.65%
- 1Y
- -1.70%
- 3Y*
- 7.36%
- 5Y*
- -4.99%
- 10Y*
- —
FTSD vs. FLCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 1.10% | 5.66% | 5.20% | 4.84% | -3.13% | -0.90% | 3.13% | 2.40% | 1.64% | 0.05% |
FLCH Franklin FTSE China ETF | -11.65% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 1.51% |
Correlation
The correlation between FTSD and FLCH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | -0.02 |
The correlation between FTSD and FLCH shifts across timeframes, from -0.02 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FTSD vs. FLCH — Risk / Return Rank
FTSD
FLCH
FTSD vs. FLCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) and Franklin FTSE China ETF (FLCH). 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.
| FTSD | FLCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.69 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.00 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 9.13 | -0.08 | +9.21 |
| Martin ratioReturn relative to average drawdown | 35.16 | -0.18 | +35.34 |
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Drawdowns
FTSD vs. FLCH - Drawdown Comparison
The maximum FTSD drawdown since its inception was -5.32%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for FTSD and FLCH.
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Drawdown Indicators
| FTSD | FLCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -62.09% | +56.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -21.48% | +21.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -25.43% | +24.50% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -53.29% | +48.33% |
Max Drawdown (10Y)Largest decline over 10 years | -5.32% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -37.72% | +37.60% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -30.60% | +30.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 9.46% | -9.34% |
Volatility
FTSD vs. FLCH - Volatility Comparison
The current volatility for Franklin Short Duration U.S. Government ETF (FTSD) is 0.50%, while Franklin FTSE China ETF (FLCH) has a volatility of 5.45%. This indicates that FTSD experiences smaller price fluctuations and is considered to be less risky than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTSD | FLCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 5.45% | -4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 13.87% | -12.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 19.59% | -18.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 29.57% | -27.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 27.81% | -26.05% |
FTSD vs. FLCH - Expense Ratio Comparison
FTSD has a 0.25% expense ratio, which is higher than FLCH's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FTSD vs. FLCH - Dividend Comparison
FTSD's dividend yield for the trailing twelve months is around 4.48%, more than FLCH's 2.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 2.45% | 2.36% | 2.87% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.01% | 0.00% | 0.00% |
FTSD Franklin Short Duration U.S. Government ETF | 4.48% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
Frequently Asked Questions
FTSD and FLCH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCH has higher volatility (5.45%) compared to FTSD (0.50%). In terms of maximum drawdown, FTSD dropped -5.32% vs FLCH's -62.09%.
On 5-year performance, FTSD leads with 2.57% vs -4.99% for FLCH. On fees, FLCH is cheaper at 0.19% per year. On volatility, FTSD has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTSD has performed better with a 2.57% return vs -4.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLCH is cheaper with a 0.19% expense ratio, compared with 0.25% for FTSD.
FTSD has the higher dividend yield at 4.48%, compared with 2.45% for FLCH.
FTSD is categorized as Mortgage Backed Securities, while FLCH is China Equities. Their fees differ too: 0.25% for FTSD and 0.19% for FLCH.
FTSD currently has the higher Sharpe Ratio (3.05 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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