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 -2.03%/yr for FLCH. Their -0.02 correlation means they have often moved in opposite directions in the past. FTSD charges 0.25%/yr vs 0.19%/yr for FLCH.
Performance
FTSD vs. FLCH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTSD achieves a 1.24% return, which is significantly higher than FLCH's -6.16% return.
FTSD
- 1D
- 0.00%
- 1M
- 0.05%
- 6M
- 0.99%
- YTD
- 1.24%
- 1Y
- 3.75%
- 3Y*
- 5.00%
- 5Y*
- 2.57%
- 10Y*
- 2.10%
- ALL TIME*
- 1.80%
FLCH
- 1D
- 0.50%
- 1M
- 8.66%
- 6M
- -9.56%
- YTD
- -6.16%
- 1Y
- 1.60%
- 3Y*
- 7.92%
- 5Y*
- -2.03%
- 10Y*
- —
- ALL TIME*
- 0.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.84M | $4.46M | $3.18M | |
| $2.17M | $2.80M | $2.13M |
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 | 1.24% | 5.66% | 5.20% | 4.84% | -3.13% | -0.90% | 3.13% | 2.40% | 1.64% | 0.05% |
FLCH Franklin FTSE China ETF | -6.16% | 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 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer 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 0.15 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +4.26 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.02 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 8.64 | -0.00 | +8.64 |
| Martin ratioReturn relative to average drawdown | 32.41 | -0.00 | +32.41 |
Loading charts...
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.
Loading charts...
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% | -25.15% | +24.22% |
Max Drawdown (5Y)Largest decline over 5 years | -4.95% | -50.38% | +45.43% |
Max Drawdown (10Y)Largest decline over 10 years | -5.32% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -33.85% | +33.85% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -30.63% | +30.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 10.23% | -10.11% |
Volatility
FTSD vs. FLCH - Volatility Comparison
The current volatility for Franklin Short Duration U.S. Government ETF (FTSD) is 0.32%, while Franklin FTSE China ETF (FLCH) has a volatility of 5.89%. 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.
Loading charts...
Volatility by Period
| FTSD | FLCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 5.89% | -5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 14.07% | -12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 19.91% | -18.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 29.34% | -27.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 27.77% | -26.01% |
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 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCH Franklin FTSE China ETF | 2.31% | 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 | 4.05% | 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 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCH has higher volatility (5.89%) compared to FTSD (0.32%). In terms of maximum drawdown, FTSD dropped -5.32% vs FLCH's -62.09%.
On 5-year performance, FTSD leads with 2.57% vs -2.03% for FLCH. On fees, FLCH is cheaper at 0.19% per year. On volatility, FTSD has been the lower-risk option at 0.32%. 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 -2.03%. 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 4.05%, compared with 2.31% 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 (2.86 vs -0.00), 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.
Find the right allocation for FTSD and FLCH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer