HMCT.L vs. FRCH.L
Compare and contrast key facts about HSBC MSCI CHINA A UCITS ETF (HMCT.L) and Franklin FTSE China UCITS ETF (FRCH.L).
HMCT.L and FRCH.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMCT.L is a passively managed fund by HSBC that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on Jul 27, 2018. FRCH.L is a passively managed fund by Franklin Templeton that tracks the performance of the MSCI China NR USD. It was launched on Jun 4, 2019. Both HMCT.L and FRCH.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HMCT.L vs. FRCH.L - Performance Comparison
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HMCT.L vs. FRCH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HMCT.L HSBC MSCI CHINA A UCITS ETF | -0.47% | 25.90% | 11.76% | -13.92% | -25.89% | 2.79% | 43.98% | 13.71% |
FRCH.L Franklin FTSE China UCITS ETF | -5.59% | 32.52% | 19.10% | -13.11% | -23.05% | -20.07% | 30.68% | -6.93% |
Different Trading Currencies
HMCT.L is traded in USD, while FRCH.L is traded in GBP. To make them comparable, the FRCH.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMCT.L achieves a -0.47% return, which is significantly higher than FRCH.L's -5.59% return.
HMCT.L
- 1D
- 1.24%
- 1M
- -4.65%
- YTD
- -0.47%
- 6M
- 1.01%
- 1Y
- 25.68%
- 3Y*
- 4.73%
- 5Y*
- -1.22%
- 10Y*
- —
FRCH.L
- 1D
- 1.38%
- 1M
- -4.18%
- YTD
- -5.59%
- 6M
- -12.62%
- 1Y
- 7.43%
- 3Y*
- 7.64%
- 5Y*
- -4.83%
- 10Y*
- —
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HMCT.L vs. FRCH.L - Expense Ratio Comparison
HMCT.L has a 0.30% expense ratio, which is higher than FRCH.L's 0.19% expense ratio.
Return for Risk
HMCT.L vs. FRCH.L — Risk / Return Rank
HMCT.L
FRCH.L
HMCT.L vs. FRCH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI CHINA A UCITS ETF (HMCT.L) and Franklin FTSE China UCITS ETF (FRCH.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.
| HMCT.L | FRCH.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.35 | +1.12 |
Sortino ratioReturn per unit of downside risk | 1.92 | 0.59 | +1.33 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.08 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 0.51 | +2.07 |
Martin ratioReturn relative to average drawdown | 9.99 | 1.34 | +8.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HMCT.L | FRCH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.35 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.14 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.01 | +0.25 |
Correlation
The correlation between HMCT.L and FRCH.L is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HMCT.L vs. FRCH.L - Dividend Comparison
HMCT.L's dividend yield for the trailing twelve months is around 1.85%, while FRCH.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HMCT.L HSBC MSCI CHINA A UCITS ETF | 1.85% | 1.73% | 2.03% | 2.16% | 1.69% | 1.12% | 0.84% | 1.71% |
FRCH.L Franklin FTSE China UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMCT.L vs. FRCH.L - Drawdown Comparison
The maximum HMCT.L drawdown since its inception was -49.06%, smaller than the maximum FRCH.L drawdown of -61.85%. Use the drawdown chart below to compare losses from any high point for HMCT.L and FRCH.L.
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Drawdown Indicators
| HMCT.L | FRCH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -56.27% | +7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -14.86% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -44.79% | -49.50% | +4.71% |
Current DrawdownCurrent decline from peak | -20.17% | -30.18% | +10.01% |
Average DrawdownAverage peak-to-trough decline | -21.82% | -29.71% | +7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 5.92% | -3.34% |
Volatility
HMCT.L vs. FRCH.L - Volatility Comparison
The current volatility for HSBC MSCI CHINA A UCITS ETF (HMCT.L) is 4.87%, while Franklin FTSE China UCITS ETF (FRCH.L) has a volatility of 5.98%. This indicates that HMCT.L experiences smaller price fluctuations and is considered to be less risky than FRCH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMCT.L | FRCH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 5.98% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 13.13% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.40% | 21.32% | -3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 33.85% | -11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.78% | 32.45% | -8.67% |