LHKG.DE vs. FLXC.DE

Last updated Jun 5, 2026

LHKG.DE (Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist) and FLXC.DE (Franklin FTSE China UCITS ETF) are both China Equities funds - LHKG.DE tracks the MSCI China Select ESG Rating and Trend Leaders while FLXC.DE tracks the FTSE China 30/18 Capped. Both are passively managed. Over the past 5 years, LHKG.DE returned -2.20%/yr vs -3.95%/yr for FLXC.DE. Their correlation of 0.92 suggests significant overlap in exposure. LHKG.DE charges 0.65%/yr vs 0.19%/yr for FLXC.DE.

Performance

LHKG.DE vs. FLXC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.DE) and Franklin FTSE China UCITS ETF (FLXC.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LHKG.DE achieves a -6.38% return, which is significantly lower than FLXC.DE's -5.94% return.

LHKG.DE

• 1D: -0.30%
• 1M: -2.25%
• YTD: -6.38%
• 6M: -8.89%
• 1Y: 2.88%
• 3Y*: 6.17%
• 5Y*: -2.20%
• 10Y*: 2.55%

FLXC.DE

• 1D: -0.40%
• 1M: -3.82%
• YTD: -5.94%
• 6M: -8.20%
• 1Y: 4.53%
• 3Y*: 7.94%
• 5Y*: -3.95%
• 10Y*: —

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

LHKG.DE vs. FLXC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LHKG.DE Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist	-6.38%	21.50%	20.37%	-17.49%	-7.90%	-6.59%	-10.39%	8.38%
FLXC.DE Franklin FTSE China UCITS ETF	-5.94%	17.34%	27.28%	-15.77%	-15.90%	-14.60%	16.83%	19.48%

Correlation

The correlation between LHKG.DE and FLXC.DE is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 6, 2019	0.92

The correlation between LHKG.DE and FLXC.DE has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

LHKG.DE vs. FLXC.DE — Risk / Return Rank

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

LHKG.DE

LHKG.DE Risk / Return Rank: 11
LHKG.DE Sharpe Ratio Rank: 12
LHKG.DE Sortino Ratio Rank: 12
LHKG.DE Omega Ratio Rank: 11
LHKG.DE Calmar Ratio Rank: 11
LHKG.DE Martin Ratio Rank: 11

FLXC.DE

FLXC.DE Risk / Return Rank: 13
FLXC.DE Sharpe Ratio Rank: 13
FLXC.DE Sortino Ratio Rank: 13
FLXC.DE Omega Ratio Rank: 13
FLXC.DE Calmar Ratio Rank: 13
FLXC.DE Martin Ratio Rank: 12

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.

LHKG.DE vs. FLXC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.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.

	LHKG.DE	FLXC.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.18	0.27	-0.09
Sortino ratio: Return per unit of downside risk	0.40	0.50	-0.10
Omega ratio: Gain probability vs. loss probability	1.05	1.06	-0.01
Calmar ratio: Return relative to maximum drawdown	0.20	0.31	-0.11
Martin ratio: Return relative to average drawdown	0.38	0.64	-0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LHKG.DE vs. FLXC.DE - Sharpe Ratio Comparison

The current LHKG.DE Sharpe Ratio is 0.18, which is lower than the FLXC.DE Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of LHKG.DE and FLXC.DE, 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

	LHKG.DE	FLXC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	0.27	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	-0.15	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.09	+0.03

Drawdowns

LHKG.DE vs. FLXC.DE - Drawdown Comparison

The maximum LHKG.DE drawdown since its inception was -58.71%, which is greater than FLXC.DE's maximum drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for LHKG.DE and FLXC.DE.

Drawdown Indicators

	LHKG.DE	FLXC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-58.71%	-55.61%	-3.10%
Max Drawdown (1Y) Largest decline over 1 year	-17.64%	-15.19%	-2.45%
Max Drawdown (3Y) Largest decline over 3 years	-26.41%	-24.70%	-1.71%
Max Drawdown (5Y) Largest decline over 5 years	-43.07%	-49.07%	+6.00%
Max Drawdown (10Y) Largest decline over 10 years	-45.11%	—	—
Current Drawdown Current decline from peak	-16.18%	-30.89%	+14.71%
Average Drawdown Average peak-to-trough decline	-19.83%	-27.95%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.15%	7.38%	+1.77%

Volatility

LHKG.DE vs. FLXC.DE - Volatility Comparison

Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist (LHKG.DE) has a higher volatility of 8.31% compared to Franklin FTSE China UCITS ETF (FLXC.DE) at 6.78%. This indicates that LHKG.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.

Volatility by Period

	LHKG.DE	FLXC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.31%	6.78%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	12.35%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	19.89%	17.78%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.93%	26.71%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.47%	26.20%	-3.73%

LHKG.DE vs. FLXC.DE - Expense Ratio Comparison

LHKG.DE has a 0.65% expense ratio, which is higher than FLXC.DE's 0.19% expense ratio.

Dividends

LHKG.DE vs. FLXC.DE - Dividend Comparison

LHKG.DE's dividend yield for the trailing twelve months is around 1.61%, while FLXC.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLXC.DE Franklin FTSE China 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%
LHKG.DE Lyxor MSCI China ESG Leaders Extra UCITS ETF Dist	1.61%	1.50%	2.18%	0.17%	3.78%	1.35%	2.46%	2.58%	3.04%	2.30%	3.38%	3.88%

Frequently Asked Questions

Can I hold both LHKG.DE and FLXC.DE in my portfolio?

With a correlation of 0.97, LHKG.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.

Which ETF is better, LHKG.DE or FLXC.DE?

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.

Which ETF is cheaper, LHKG.DE or FLXC.DE?

FLXC.DE is cheaper with a 0.19% expense ratio, compared with 0.65% for LHKG.DE.

What is the main difference between LHKG.DE and FLXC.DE?

LHKG.DE tracks MSCI China Select ESG Rating and Trend Leaders, while FLXC.DE tracks FTSE China 30/18 Capped. They also come from different issuers: Amundi and Franklin Templeton. Their fees differ too: 0.65% for LHKG.DE and 0.19% for FLXC.DE.