HIDR.L vs. FLCH

Last updated Jun 5, 2026

HIDR.L (HSBC MSCI Indonesia UCITS ETF USD) and FLCH (Franklin FTSE China ETF) are both exchange-traded funds - HIDR.L is a Asia Pacific Equities fund tracking the MSCI Indonesia NR IDR, while FLCH is a China Equities fund tracking the FTSE China RIC Capped Index. Both are passively managed. Over the past 5 years, HIDR.L returned -9.04%/yr vs -3.96%/yr for FLCH. At a 0.21 correlation, their price movements are largely independent. HIDR.L charges 0.50%/yr vs 0.19%/yr for FLCH.

Performance

HIDR.L vs. FLCH - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI Indonesia UCITS ETF USD (HIDR.L) and Franklin FTSE China ETF (FLCH). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HIDR.L is traded in GBp, while FLCH is traded in USD. To make them comparable, the FLCH values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, HIDR.L achieves a -39.26% return, which is significantly lower than FLCH's -6.22% return.

HIDR.L

• 1D: -0.63%
• 1M: -19.17%
• YTD: -39.26%
• 6M: -40.84%
• 1Y: -39.36%
• 3Y*: -23.10%
• 5Y*: -9.04%
• 10Y*: -3.49%

FLCH

• 1D: -0.31%
• 1M: -2.08%
• YTD: -6.22%
• 6M: -8.15%
• 1Y: 6.93%
• 3Y*: 7.77%
• 5Y*: -3.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIDR.L vs. FLCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIDR.L HSBC MSCI Indonesia UCITS ETF USD	-39.26%	-8.13%	-13.17%	-0.80%	15.43%	2.40%	-11.41%	4.86%	-4.08%	3.67%
FLCH Franklin FTSE China ETF	-6.22%	23.11%	20.06%	-15.65%	-13.56%	-20.12%	26.27%	19.59%	-14.75%	-1.63%

Correlation

The correlation between HIDR.L and FLCH is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.21

HIDR.L vs. FLCH - Sectors Allocation Comparison

Sectors	HIDR.L	FLCH
Financial Services	56.9%	18.2%
Basic Materials	12.8%	5.5%
Communication Services	11.6%	14.2%
Industrials	7.9%	9.1%
Consumer Defensive	4.2%	3.3%
Technology	3.4%	12.9%
Energy	1.7%	3.7%
Utilities	1.6%	2.0%
Consumer Cyclical	-	23.4%
Healthcare	-	5.3%
Real Estate	-	1.7%

Return for Risk

HIDR.L vs. FLCH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIDR.L

HIDR.L Risk / Return Rank: 0
HIDR.L Sharpe Ratio Rank: 0
HIDR.L Sortino Ratio Rank: 0
HIDR.L Omega Ratio Rank: 0
HIDR.L Calmar Ratio Rank: 1
HIDR.L Martin Ratio Rank: 0

FLCH

FLCH Risk / Return Rank: 14
FLCH Sharpe Ratio Rank: 14
FLCH Sortino Ratio Rank: 14
FLCH Omega Ratio Rank: 14
FLCH Calmar Ratio Rank: 14
FLCH Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIDR.L vs. FLCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Indonesia UCITS ETF USD (HIDR.L) 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.

	HIDR.L	FLCH	Difference
Sharpe ratio: Return per unit of total volatility	-1.59	0.39	-1.98
Sortino ratio: Return per unit of downside risk	-2.33	0.67	-2.99
Omega ratio: Gain probability vs. loss probability	0.71	1.08	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.92	0.45	-1.36
Martin ratio: Return relative to average drawdown	-2.56	0.95	-3.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIDR.L vs. FLCH - Sharpe Ratio Comparison

The current HIDR.L Sharpe Ratio is -1.59, which is lower than the FLCH Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of HIDR.L and FLCH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HIDR.L	FLCH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.59	0.39	-1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	-0.14	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.01	-0.11

Drawdowns

HIDR.L vs. FLCH - Drawdown Comparison

The maximum HIDR.L drawdown since its inception was -58.31%, roughly equal to the maximum FLCH drawdown of -56.22%. Use the drawdown chart below to compare losses from any high point for HIDR.L and FLCH.

Drawdown Indicators

	HIDR.L	FLCH	Difference
Max Drawdown Largest peak-to-trough decline	-58.31%	-56.22%	-2.09%
Max Drawdown (1Y) Largest decline over 1 year	-42.78%	-15.57%	-27.21%
Max Drawdown (3Y) Largest decline over 3 years	-54.23%	-24.50%	-29.73%
Max Drawdown (5Y) Largest decline over 5 years	-58.31%	-48.90%	-9.41%
Max Drawdown (10Y) Largest decline over 10 years	-58.31%	—	—
Current Drawdown Current decline from peak	-58.31%	-31.97%	-26.34%
Average Drawdown Average peak-to-trough decline	-18.11%	-26.10%	+7.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.35%	7.34%	+8.01%

Volatility

HIDR.L vs. FLCH - Volatility Comparison

HSBC MSCI Indonesia UCITS ETF USD (HIDR.L) has a higher volatility of 7.79% compared to Franklin FTSE China ETF (FLCH) at 5.85%. This indicates that HIDR.L's price experiences larger fluctuations and is considered to be riskier than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIDR.L	FLCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	5.85%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	20.56%	12.66%	+7.90%
Volatility (1Y) Calculated over the trailing 1-year period	24.69%	18.15%	+6.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	27.99%	-7.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.57%	26.88%	-2.31%

HIDR.L vs. FLCH - Expense Ratio Comparison

HIDR.L has a 0.50% expense ratio, which is higher than FLCH's 0.19% expense ratio.

Dividends

HIDR.L vs. FLCH - Dividend Comparison

HIDR.L's dividend yield for the trailing twelve months is around 6.25%, more than FLCH's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCH Franklin FTSE China ETF	2.53%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%	0.00%	0.00%
HIDR.L HSBC MSCI Indonesia UCITS ETF USD	6.25%	4.87%	3.49%	3.49%	2.04%	1.27%	1.75%	1.61%	1.50%	1.14%	1.12%	1.59%

Frequently Asked Questions

Can I hold both HIDR.L and FLCH in my portfolio?

HIDR.L and FLCH have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIDR.L or FLCH?

On fees, FLCH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HIDR.L or FLCH?

FLCH is cheaper with a 0.19% expense ratio, compared with 0.50% for HIDR.L.

What is the main difference between HIDR.L and FLCH?

HIDR.L is categorized as Asia Pacific Equities, while FLCH is China Equities. HIDR.L tracks MSCI Indonesia NR IDR, while FLCH tracks FTSE China RIC Capped Index. They also come from different issuers: HSBC and Franklin Templeton. Their fees differ too: 0.50% for HIDR.L and 0.19% for FLCH.