ICHN.AS vs. FLXC.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI China UCITS ETF (ICHN.AS) and Franklin FTSE China UCITS ETF (FLXC.L).

ICHN.AS and FLXC.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICHN.AS is a passively managed fund by iShares that tracks the performance of the MSCI China NR USD. It was launched on Jun 20, 2019. FLXC.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 ICHN.AS and FLXC.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

ICHN.AS vs. FLXC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China UCITS ETF (ICHN.AS) and Franklin FTSE China UCITS ETF (FLXC.L). The values are adjusted to include any dividend payments, if applicable.

ICHN.AS vs. FLXC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ICHN.AS iShares MSCI China UCITS ETF	-6.56%	31.69%	18.56%	-11.72%	-22.52%	-22.05%	29.63%	10.95%
FLXC.L Franklin FTSE China UCITS ETF	-5.86%	32.15%	19.36%	-12.74%	-22.72%	-20.67%	31.22%	11.01%

Returns By Period

In the year-to-date period, ICHN.AS achieves a -6.56% return, which is significantly lower than FLXC.L's -5.86% return.

ICHN.AS

• 1D: 2.15%
• 1M: -3.71%
• YTD: -6.56%
• 6M: -13.57%
• 1Y: 5.25%
• 3Y*: 7.11%
• 5Y*: -5.22%
• 10Y*: —

FLXC.L

• 1D: 1.45%
• 1M: -4.13%
• YTD: -5.86%
• 6M: -12.65%
• 1Y: 7.15%
• 3Y*: 7.43%
• 5Y*: -4.88%
• 10Y*: —

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

ICHN.AS vs. FLXC.L - Expense Ratio Comparison

ICHN.AS has a 0.40% expense ratio, which is higher than FLXC.L's 0.19% expense ratio.

ICHN.AS

iShares MSCI China UCITS ETF

FLXC.L

Franklin FTSE China UCITS ETF

Return for Risk

ICHN.AS vs. FLXC.L — Risk / Return Rank

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

ICHN.AS

ICHN.AS Risk / Return Rank: 23
ICHN.AS Sharpe Ratio Rank: 17
ICHN.AS Sortino Ratio Rank: 17
ICHN.AS Omega Ratio Rank: 17
ICHN.AS Calmar Ratio Rank: 34
ICHN.AS Martin Ratio Rank: 29

FLXC.L

FLXC.L Risk / Return Rank: 21
FLXC.L Sharpe Ratio Rank: 20
FLXC.L Sortino Ratio Rank: 20
FLXC.L Omega Ratio Rank: 19
FLXC.L Calmar Ratio Rank: 25
FLXC.L Martin Ratio Rank: 23

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.

ICHN.AS vs. FLXC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China UCITS ETF (ICHN.AS) and Franklin FTSE China UCITS ETF (FLXC.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.

	ICHN.AS	FLXC.L	Difference
Sharpe ratio Return per unit of total volatility	0.23	0.33	-0.10
Sortino ratio Return per unit of downside risk	0.46	0.59	-0.13
Omega ratio Gain probability vs. loss probability	1.06	1.08	-0.02
Calmar ratio Return relative to maximum drawdown	0.90	0.62	+0.28
Martin ratio Return relative to average drawdown	2.50	1.69	+0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICHN.AS vs. FLXC.L - Sharpe Ratio Comparison

The current ICHN.AS Sharpe Ratio is 0.23, which is comparable to the FLXC.L Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of ICHN.AS and FLXC.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ICHN.AS	FLXC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.33	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	-0.15	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.09	-0.03

Correlation

The correlation between ICHN.AS and FLXC.L is 0.95, 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

ICHN.AS vs. FLXC.L - Dividend Comparison

Neither ICHN.AS nor FLXC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ICHN.AS vs. FLXC.L - Drawdown Comparison

The maximum ICHN.AS drawdown since its inception was -62.67%, smaller than the maximum FLXC.L drawdown of -67.90%. Use the drawdown chart below to compare losses from any high point for ICHN.AS and FLXC.L.

Drawdown Indicators

	ICHN.AS	FLXC.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.67%	-67.90%	+5.23%
Max Drawdown (1Y) Largest decline over 1 year	-16.87%	-15.45%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-56.59%	-62.78%	+6.19%
Current Drawdown Current decline from peak	-34.83%	-33.36%	-1.47%
Average Drawdown Average peak-to-trough decline	-33.80%	-31.82%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.08%	5.71%	+0.37%

Volatility

ICHN.AS vs. FLXC.L - Volatility Comparison

iShares MSCI China UCITS ETF (ICHN.AS) has a higher volatility of 6.89% compared to Franklin FTSE China UCITS ETF (FLXC.L) at 6.08%. This indicates that ICHN.AS's price experiences larger fluctuations and is considered to be riskier than FLXC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICHN.AS	FLXC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	6.08%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	14.21%	13.19%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	21.66%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.91%	32.69%	-3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.88%	30.83%	-1.95%