ICGA.DE vs. FLXC.DE
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and FLXC.DE (Franklin FTSE China UCITS ETF) are both China Equities funds - ICGA.DE tracks the MSCI China while FLXC.DE tracks the FTSE China 30/18 Capped. Both are passively managed. Over the past 5 years, ICGA.DE returned -4.32%/yr vs -3.95%/yr for FLXC.DE. With a 0.99 correlation, they move nearly in lockstep. ICGA.DE charges 0.28%/yr vs 0.19%/yr for FLXC.DE.
Performance
ICGA.DE vs. FLXC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ICGA.DE achieves a -6.86% return, which is significantly lower than FLXC.DE's -5.94% return.
ICGA.DE
- 1D
- -0.54%
- 1M
- -3.40%
- YTD
- -6.86%
- 6M
- -9.46%
- 1Y
- 2.44%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
FLXC.DE
- 1D
- -0.40%
- 1M
- -3.82%
- YTD
- -5.94%
- 6M
- -8.20%
- 1Y
- 4.53%
- 3Y*
- 7.94%
- 5Y*
- -3.95%
- 10Y*
- —
ICGA.DE vs. FLXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 15.31% | 14.05% |
FLXC.DE Franklin FTSE China UCITS ETF | -5.94% | 17.34% | 27.28% | -15.77% | -15.90% | -14.60% | 16.83% | 13.69% |
Correlation
The correlation between ICGA.DE and FLXC.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.99 |
The correlation between ICGA.DE and FLXC.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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
ICGA.DE vs. FLXC.DE — Risk / Return Rank
ICGA.DE
FLXC.DE
ICGA.DE vs. FLXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and Franklin FTSE China UCITS ETF (FLXC.DE). 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.
| ICGA.DE | FLXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.31 | -0.15 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.64 | -0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ICGA.DE | FLXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.27 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.15 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.09 | -0.05 |
Drawdowns
ICGA.DE vs. FLXC.DE - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.95%, roughly equal to the maximum FLXC.DE drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and FLXC.DE.
Loading charts...
Drawdown Indicators
| ICGA.DE | FLXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.95% | -55.61% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -15.19% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -24.70% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -49.32% | -49.07% | -0.25% |
Current DrawdownCurrent decline from peak | -32.56% | -30.89% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -27.95% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 7.38% | +0.70% |
Volatility
ICGA.DE vs. FLXC.DE - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 7.19% compared to Franklin FTSE China UCITS ETF (FLXC.DE) at 6.78%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than FLXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ICGA.DE | FLXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 6.78% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 12.35% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 17.78% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 26.71% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 26.20% | +0.77% |
ICGA.DE vs. FLXC.DE - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is higher than FLXC.DE's 0.19% expense ratio.
Dividends
ICGA.DE vs. FLXC.DE - Dividend Comparison
Neither ICGA.DE nor FLXC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, ICGA.DE and FLXC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FLXC.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXC.DE is cheaper with a 0.19% expense ratio, compared with 0.28% for ICGA.DE.
ICGA.DE tracks MSCI China, while FLXC.DE tracks FTSE China 30/18 Capped. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.28% for ICGA.DE and 0.19% for FLXC.DE.
Find the right allocation for ICGA.DE and FLXC.DE
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