IDFX.L vs. FLQA.L
IDFX.L (iShares China Large Cap UCITS) and FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF) are both China Equities funds - IDFX.L tracks the MSCI China NR USD while FLQA.L tracks the Franklin FTSE Asia ex China ex Japan UCITS ETF. Both are passively managed. Over the past 5 years, IDFX.L returned -2.68%/yr vs 12.63%/yr for FLQA.L. A 0.68 correlation means they provide meaningful diversification when combined. IDFX.L charges 0.74%/yr vs 0.14%/yr for FLQA.L.
Performance
IDFX.L vs. FLQA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDFX.L achieves a -9.70% return, which is significantly lower than FLQA.L's 32.52% return.
IDFX.L
- 1D
- 1.87%
- 1M
- -2.16%
- 6M
- -13.18%
- YTD
- -9.70%
- 1Y
- -5.87%
- 3Y*
- 9.39%
- 5Y*
- -2.68%
- 10Y*
- 2.19%
FLQA.L
- 1D
- -1.74%
- 1M
- -9.13%
- 6M
- 26.58%
- YTD
- 32.52%
- 1Y
- 52.26%
- 3Y*
- 25.15%
- 5Y*
- 12.63%
- 10Y*
- —
IDFX.L vs. FLQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IDFX.L iShares China Large Cap UCITS | -9.70% | 28.34% | 31.04% | -13.62% | -20.48% | -20.45% | 10.44% | 13.04% | -7.30% |
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF | 32.52% | 29.84% | 7.76% | 12.02% | -12.93% | 4.57% | 6.71% | 9.75% | -5.84% |
Correlation
The correlation between IDFX.L and FLQA.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2018 | 0.68 |
Over the past year, the correlation between IDFX.L and FLQA.L has dropped to 0.41 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
IDFX.L vs. FLQA.L — Risk / Return Rank
IDFX.L
FLQA.L
IDFX.L vs. FLQA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS (IDFX.L) and Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.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.
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.
| IDFX.L | FLQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.37 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.75 | -4.01 |
| Martin ratioReturn relative to average drawdown | -0.61 | 11.86 | -12.47 |
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Drawdowns
IDFX.L vs. FLQA.L - Drawdown Comparison
The maximum IDFX.L drawdown since its inception was -70.73%, which is greater than FLQA.L's maximum drawdown of -29.21%. Use the drawdown chart below to compare losses from any high point for IDFX.L and FLQA.L.
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Drawdown Indicators
| IDFX.L | FLQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -29.21% | -41.52% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -13.77% | -9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -28.73% | -22.19% | -6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -51.74% | -25.38% | -26.36% |
Max Drawdown (10Y)Largest decline over 10 years | -60.44% | — | — |
Current DrawdownCurrent decline from peak | -28.42% | -12.64% | -15.78% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -7.22% | -26.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.65% | 4.36% | +5.29% |
Volatility
IDFX.L vs. FLQA.L - Volatility Comparison
The current volatility for iShares China Large Cap UCITS (IDFX.L) is 6.39%, while Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.L) has a volatility of 11.18%. This indicates that IDFX.L experiences smaller price fluctuations and is considered to be less risky than FLQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDFX.L | FLQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 11.18% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 22.99% | -8.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 25.11% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 17.74% | +12.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.01% | 18.52% | +7.49% |
IDFX.L vs. FLQA.L - Expense Ratio Comparison
IDFX.L has a 0.74% expense ratio, which is higher than FLQA.L's 0.14% expense ratio.
Dividends
IDFX.L vs. FLQA.L - Dividend Comparison
IDFX.L's dividend yield for the trailing twelve months is around 1.82%, while FLQA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDFX.L iShares China Large Cap UCITS | 1.82% | 1.76% | 2.38% | 2.43% | 2.36% | 1.86% | 2.39% | 2.44% | 3.04% | 2.35% | 2.47% | 2.70% |
Frequently Asked Questions
IDFX.L and FLQA.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLQA.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLQA.L is cheaper with a 0.14% expense ratio, compared with 0.74% for IDFX.L.
IDFX.L tracks MSCI China NR USD, while FLQA.L tracks Franklin FTSE Asia ex China ex Japan UCITS ETF. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.74% for IDFX.L and 0.14% for FLQA.L.
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