VTV vs. FLCH

Last updated Jul 26, 2026

VTV (Vanguard Value ETF) and FLCH (Franklin FTSE China ETF) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while FLCH is a China Equities fund tracking the FTSE China RIC Capped Index. Both are passively managed. Over the past 5 years, VTV returned 12.51%/yr vs -3.87%/yr for FLCH. Their 0.41 correlation means their historical movements had little consistent relationship. VTV charges 0.04%/yr vs 0.19%/yr for FLCH.

Performance

VTV vs. FLCH - Performance Comparison

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

Returns By Period

In the year-to-date period, VTV achieves a 16.94% return, which is significantly higher than FLCH's -10.17% return.

VTV

• 1D: 0.53%
• 1M: 0.73%
• 6M: 13.03%
• YTD: 16.94%
• 1Y: 24.90%
• 3Y*: 17.23%
• 5Y*: 12.51%
• 10Y*: 12.48%
• ALL TIME*: 9.70%

FLCH

• 1D: -0.33%
• 1M: 4.49%
• 6M: -13.97%
• YTD: -10.17%
• 1Y: -6.50%
• 3Y*: 7.74%
• 5Y*: -3.87%
• 10Y*: —
• ALL TIME*: 0.09%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLCH Franklin FTSE China ETF	$3.91M	$4.48M	$3.36M
VTV Vanguard Value ETF	$654.06M	$690.11M	$596.84M

VTV vs. FLCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTV Vanguard Value ETF	16.94%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	4.66%
FLCH Franklin FTSE China ETF	-10.17%	32.55%	18.00%	-11.21%	-22.74%	-20.87%	30.09%	24.32%	-19.52%	1.51%

Correlation

The correlation between VTV and FLCH is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.33
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.41

The correlation between VTV and FLCH shifts across timeframes, from 0.30 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

VTV vs. FLCH - Sectors Allocation Comparison

Sectors	VTV	FLCH
Financial Services	22.4%	19.0%
Technology	15.3%	10.5%
Healthcare	15.2%	6.1%
Industrials	14.3%	8.2%
Consumer Defensive	8.7%	3.2%
Energy	6.9%	3.4%
Utilities	4.8%	2.0%
Consumer Cyclical	3.9%	23.2%
Basic Materials	3.0%	5.6%
Communication Services	2.9%	16.2%
Real Estate	2.5%	1.6%

Return for Risk

VTV vs. FLCH — Risk / Return Rank

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

VTV

VTV Risk / Return Rank: 92
VTV Sharpe Ratio Rank: 93
VTV Sortino Ratio Rank: 94
VTV Omega Ratio Rank: 92
VTV Calmar Ratio Rank: 91
VTV Martin Ratio Rank: 91

FLCH

FLCH Risk / Return Rank: 8
FLCH Sharpe Ratio Rank: 7
FLCH Sortino Ratio Rank: 7
FLCH Omega Ratio Rank: 7
FLCH Calmar Ratio Rank: 8
FLCH Martin Ratio Rank: 8

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.

VTV vs. FLCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.

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.

	VTV	FLCH	Difference
Sharpe ratio: Return per unit of total volatility	2.49	-0.34	+2.83
Sortino ratio: Return per unit of downside risk	3.60	-0.36	+3.95
Omega ratio: Gain probability vs. loss probability	1.45	0.96	+0.49
Calmar ratio: Return relative to maximum drawdown	4.02	-0.32	+4.34
Martin ratio: Return relative to average drawdown	15.23	-0.68	+15.91

VTV vs. FLCH - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.49, which is higher than the FLCH Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of VTV and FLCH, 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

VTV vs. FLCH - Drawdown Comparison

The maximum VTV drawdown since its inception was -59.27%, roughly equal to the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for VTV and FLCH.

Drawdown Indicators

	VTV	FLCH	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-62.09%	+2.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-21.48%	+15.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-25.43%	+10.91%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-50.38%	+33.34%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	—	—
Current Drawdown Current decline from peak	0.00%	-36.68%	+36.68%
Average Drawdown Average peak-to-trough decline	-7.82%	-30.62%	+22.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	10.01%	-8.34%

Volatility

VTV vs. FLCH - Volatility Comparison

The current volatility for Vanguard Value ETF (VTV) is 2.48%, while Franklin FTSE China ETF (FLCH) has a volatility of 5.99%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than FLCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTV	FLCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	5.99%	-3.51%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	13.93%	-6.34%
Volatility (1Y) Calculated over the trailing 1-year period	10.28%	19.83%	-9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	29.58%	-15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	27.80%	-11.19%

VTV vs. FLCH - Expense Ratio Comparison

VTV has a 0.04% expense ratio, which is lower than FLCH'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

VTV vs. FLCH - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.85%, less than FLCH's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCH Franklin FTSE China ETF	2.41%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%	0.00%	0.00%
VTV Vanguard Value ETF	1.85%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VTV and FLCH in my portfolio?

VTV and FLCH have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTV or FLCH?

FLCH has higher volatility (5.99%) compared to VTV (2.48%). In terms of maximum drawdown, VTV dropped -59.27% vs FLCH's -62.09%.

Which ETF is better, VTV or FLCH?

On 5-year performance, VTV leads with 12.51% vs -3.87% for FLCH. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTV or FLCH?

Over the 5-year period, VTV has performed better with a 12.51% return vs -3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTV or FLCH?

VTV is cheaper with a 0.04% expense ratio, compared with 0.19% for FLCH.

Which ETF pays a higher dividend yield, VTV or FLCH?

FLCH has the higher dividend yield at 2.41%, compared with 1.85% for VTV.

What is the main difference between VTV and FLCH?

VTV is categorized as Large Cap Value Equities, while FLCH is China Equities. VTV tracks CRSP US Large Cap Value Index, while FLCH tracks FTSE China RIC Capped Index. They also come from different issuers: Vanguard and Franklin Templeton. Their fees differ too: 0.04% for VTV and 0.19% for FLCH.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.49 vs -0.34), 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.