PGJ vs. FLCH
Compare and contrast key facts about Invesco Golden Dragon China ETF (PGJ) and Franklin FTSE China ETF (FLCH).
PGJ and FLCH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PGJ is a passively managed fund by Invesco that tracks the performance of the Halter USX China Index. It was launched on Dec 9, 2004. FLCH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE China RIC Capped Index. It was launched on Nov 2, 2017. Both PGJ and FLCH 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
PGJ vs. FLCH - Performance Comparison
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PGJ vs. FLCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGJ Invesco Golden Dragon China ETF | -9.88% | 13.66% | 5.91% | -2.38% | -24.50% | -42.87% | 54.24% | 32.18% | -29.51% | 3.36% |
FLCH Franklin FTSE China ETF | -5.65% | 32.55% | 18.00% | -11.21% | -22.74% | -20.87% | 30.09% | 24.32% | -19.52% | 0.91% |
Returns By Period
In the year-to-date period, PGJ achieves a -9.88% return, which is significantly lower than FLCH's -5.65% return.
PGJ
- 1D
- 0.44%
- 1M
- -5.61%
- YTD
- -9.88%
- 6M
- -22.40%
- 1Y
- -10.26%
- 3Y*
- -0.87%
- 5Y*
- -14.84%
- 10Y*
- 0.23%
FLCH
- 1D
- 0.29%
- 1M
- -4.32%
- YTD
- -5.65%
- 6M
- -12.56%
- 1Y
- 7.43%
- 3Y*
- 7.60%
- 5Y*
- -4.85%
- 10Y*
- —
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PGJ vs. FLCH - Expense Ratio Comparison
PGJ has a 0.70% expense ratio, which is higher than FLCH's 0.19% expense ratio.
Return for Risk
PGJ vs. FLCH — Risk / Return Rank
PGJ
FLCH
PGJ vs. FLCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Golden Dragon China ETF (PGJ) and Franklin FTSE China ETF (FLCH). 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.
| PGJ | FLCH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.38 | 0.32 | -0.70 |
Sortino ratioReturn per unit of downside risk | -0.36 | 0.59 | -0.95 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.08 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.45 | -0.83 |
Martin ratioReturn relative to average drawdown | -0.91 | 1.29 | -2.19 |
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
| PGJ | FLCH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 0.32 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.16 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.02 | +0.10 |
Correlation
The correlation between PGJ and FLCH is 0.88, 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
PGJ vs. FLCH - Dividend Comparison
PGJ's dividend yield for the trailing twelve months is around 3.51%, more than FLCH's 2.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGJ Invesco Golden Dragon China ETF | 3.51% | 3.38% | 4.70% | 2.50% | 0.84% | 0.00% | 0.30% | 0.17% | 0.31% | 2.05% | 1.94% | 0.37% |
FLCH Franklin FTSE China ETF | 2.50% | 2.36% | 2.87% | 3.47% | 2.69% | 1.48% | 0.91% | 1.98% | 1.92% | 0.01% | 0.00% | 0.00% |
Drawdowns
PGJ vs. FLCH - Drawdown Comparison
The maximum PGJ drawdown since its inception was -78.37%, which is greater than FLCH's maximum drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for PGJ and FLCH.
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Drawdown Indicators
| PGJ | FLCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.37% | -62.09% | -16.28% |
Max Drawdown (1Y)Largest decline over 1 year | -25.69% | -16.65% | -9.04% |
Max Drawdown (5Y)Largest decline over 5 years | -72.28% | -56.06% | -16.22% |
Max Drawdown (10Y)Largest decline over 10 years | -78.37% | — | — |
Current DrawdownCurrent decline from peak | -65.65% | -33.49% | -32.16% |
Average DrawdownAverage peak-to-trough decline | -31.47% | -30.50% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 6.02% | +4.71% |
Volatility
PGJ vs. FLCH - Volatility Comparison
Invesco Golden Dragon China ETF (PGJ) has a higher volatility of 7.25% compared to Franklin FTSE China ETF (FLCH) at 6.44%. This indicates that PGJ's price experiences larger fluctuations and is considered to be riskier than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGJ | FLCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 6.44% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 13.92% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.39% | 23.03% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.90% | 29.58% | +14.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.63% | 28.06% | +8.57% |