VFH vs. FLIN

Last updated Jun 13, 2026

VFH (Vanguard Financials ETF) and FLIN (Franklin FTSE India ETF) are both exchange-traded funds - VFH is a Financials Equities fund tracking the MSCI US Investable Market Financials 25/50 Index, while FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index. Both are passively managed. Over the past 5 years, VFH returned 9.36%/yr vs 3.89%/yr for FLIN. At a 0.42 correlation, their price movements are largely independent. VFH charges 0.09%/yr vs 0.19%/yr for FLIN.

Performance

VFH vs. FLIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Financials ETF (VFH) and Franklin FTSE India ETF (FLIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFH achieves a -1.58% return, which is significantly higher than FLIN's -10.29% return.

VFH

• 1D: 1.34%
• 1M: 4.78%
• YTD: -1.58%
• 6M: -1.74%
• 1Y: 7.62%
• 3Y*: 19.69%
• 5Y*: 9.36%
• 10Y*: 13.15%

FLIN

• 1D: 1.11%
• 1M: 0.44%
• YTD: -10.29%
• 6M: -8.41%
• 1Y: -11.39%
• 3Y*: 5.77%
• 5Y*: 3.89%
• 10Y*: —

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

VFH vs. FLIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VFH Vanguard Financials ETF	-1.58%	14.91%	30.44%	14.17%	-12.31%	35.22%	-1.96%	31.57%	-14.81%
FLIN Franklin FTSE India ETF	-10.29%	2.40%	10.33%	20.58%	-7.96%	24.96%	14.50%	4.77%	-7.13%

Correlation

The correlation between VFH and FLIN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018	0.42

The correlation between VFH and FLIN shifts across timeframes, from 0.28 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

VFH vs. FLIN - Sectors Allocation Comparison

Sectors	VFH	FLIN
Financial Services	96.8%	27.2%
Technology	2.1%	8.4%
Real Estate	0.8%	1.3%
Industrials	0.2%	10.3%
Healthcare	0.1%	6.5%
Communication Services	0.0%	4.6%
Consumer Cyclical	0.0%	12.0%
Basic Materials	-	9.2%
Consumer Defensive	-	5.8%
Energy	-	9.5%
Utilities	-	5.3%

Return for Risk

VFH vs. FLIN — Risk / Return Rank

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

VFH

VFH Risk / Return Rank: 17
VFH Sharpe Ratio Rank: 18
VFH Sortino Ratio Rank: 17
VFH Omega Ratio Rank: 17
VFH Calmar Ratio Rank: 16
VFH Martin Ratio Rank: 16

FLIN

FLIN Risk / Return Rank: 3
FLIN Sharpe Ratio Rank: 3
FLIN Sortino Ratio Rank: 4
FLIN Omega Ratio Rank: 4
FLIN Calmar Ratio Rank: 5
FLIN Martin Ratio Rank: 2

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.

VFH vs. FLIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Financials ETF (VFH) and Franklin FTSE India ETF (FLIN). 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.

	VFH	FLIN	Difference
Sharpe ratio: Return per unit of total volatility	0.51	-0.76	+1.27
Sortino ratio: Return per unit of downside risk	0.78	-1.03	+1.81
Omega ratio: Gain probability vs. loss probability	1.10	0.88	+0.21
Calmar ratio: Return relative to maximum drawdown	0.52	-0.61	+1.13
Martin ratio: Return relative to average drawdown	1.35	-1.44	+2.79

VFH vs. FLIN - Sharpe Ratio Comparison

The current VFH Sharpe Ratio is 0.51, which is higher than the FLIN Sharpe Ratio of -0.76. The chart below compares the historical Sharpe Ratios of VFH and FLIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VFH vs. FLIN - Drawdown Comparison

The maximum VFH drawdown since its inception was -78.61%, which is greater than FLIN's maximum drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for VFH and FLIN.

Drawdown Indicators

	VFH	FLIN	Difference
Max Drawdown Largest peak-to-trough decline	-78.61%	-41.90%	-36.71%
Max Drawdown (1Y) Largest decline over 1 year	-14.75%	-18.79%	+4.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.30%	-22.85%	+5.55%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-22.85%	-2.81%
Max Drawdown (10Y) Largest decline over 10 years	-44.42%	—	—
Current Drawdown Current decline from peak	-4.57%	-17.41%	+12.84%
Average Drawdown Average peak-to-trough decline	-18.52%	-8.04%	-10.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.65%	7.93%	-2.28%

Volatility

VFH vs. FLIN - Volatility Comparison

Vanguard Financials ETF (VFH) has a higher volatility of 4.33% compared to Franklin FTSE India ETF (FLIN) at 4.11%. This indicates that VFH's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFH	FLIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	4.11%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	12.89%	-1.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	15.03%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.34%	15.76%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	20.43%	+2.12%

VFH vs. FLIN - Expense Ratio Comparison

VFH has a 0.09% expense ratio, which is lower than FLIN's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VFH vs. FLIN - Dividend Comparison

VFH's dividend yield for the trailing twelve months is around 1.48%, more than FLIN's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLIN Franklin FTSE India ETF	0.62%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%	0.00%	0.00%	0.00%
VFH Vanguard Financials ETF	1.48%	1.55%	1.75%	2.08%	2.31%	1.87%	2.21%	2.17%	2.30%	1.53%	1.63%	2.00%

Frequently Asked Questions

Can I hold both VFH and FLIN in my portfolio?

VFH and FLIN have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFH or FLIN?

VFH has higher volatility (4.33%) compared to FLIN (4.11%). In terms of maximum drawdown, VFH dropped -78.61% vs FLIN's -41.90%.

Which ETF is better, VFH or FLIN?

On 5-year performance, VFH leads with 9.36% vs 3.89% for FLIN. On fees, VFH is cheaper at 0.09% per year. On volatility, FLIN has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VFH or FLIN?

Over the 5-year period, VFH has performed better with a 9.36% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VFH or FLIN?

VFH is cheaper with a 0.09% expense ratio, compared with 0.19% for FLIN.

Which ETF pays a higher dividend yield, VFH or FLIN?

VFH has the higher dividend yield at 1.48%, compared with 0.62% for FLIN.

What is the main difference between VFH and FLIN?

VFH is categorized as Financials Equities, while FLIN is Asia Pacific Equities. VFH tracks MSCI US Investable Market Financials 25/50 Index, while FLIN tracks FTSE India RIC Capped Index. They also come from different issuers: Vanguard and Franklin Templeton. Their fees differ too: 0.09% for VFH and 0.19% for FLIN.

Which has better risk-adjusted returns?

VFH currently has the higher Sharpe Ratio (0.51 vs -0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.