Franklin FTSE China ETF (FLCH) Performance
FLCH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −17.8% since Dec 31, 2025
- 1 year
- −21.6% total return
- 5 years
- −4.9% a year
- Since first price
- −1.0% a year since 2017
FLCH trailing returns vs SPY, QQQ, AGG
| Period | FLCH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.6% | −7.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.8% | −8.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −14.7% | −15.3% | +7.8% | +8.4% | −1.5% |
| YTD | −17.8% | −18.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −21.6% | −23.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +30.4%+9.2%/yr | +20.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −22.3%−4.9%/yr | −32.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 6, 2017 | −8.4%−1.0%/yr | −23.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FLCH vs SPY
From Nov 6, 2017: FLCH grew to $9,163, SPY to $33,697.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLCH returns by calendar year
4 of 8 full years positive. Best 2025 (+32.6%), worst 2022 (−22.7%). 2026 is year to date.
FLCH annual returns table
| Year | FLCH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −17.8% | −23.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +32.6% | −22.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.0% | −22.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −11.2% | −27.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −22.7% | −44.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −20.9% | −36.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +30.1% | −22.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.3% | −17.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −19.5% | −32.6% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FLCH largest drawdowns
Now 42.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 17, 2021 | −62.1% | Oct 31, 2022 | not yet | 1.7 years | 5.7 years so far |
| Jan 26, 2018 | −32.6% | Oct 30, 2018 | Jul 6, 2020 | 9 months | 2.4 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLCH risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +9.6% | −2.4% | −0.2% |
| Volatility (annualized) | 20.9% | 27.6% | 25.0% |
| Sharpe ratio | 0.33 | -0.09 | 0.01 |
| Sortino ratio | 0.61 | -0.14 | 0.02 |
| Best month | +22.7% | +30.8% | +30.8% |
| Worst month | −9.7% | −15.8% | −15.8% |
| Best 12 months | +52.4% | +52.4% | +52.4% |
| Worst 12 months | −18.7% | −46.9% | −46.9% |
| Positive months | 53% | 47% | 49% |
| Beta vs S&P 500 | 0.27 | 0.34 | — |
| Correlation with S&P 500 | 0.16 | 0.19 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FLCH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −46.9% | −3.2% | +52.4% | 47% |
| 3-year (a year) | 72 | −23.2% | +0.7% | +24.6% | 51% |
| 5-year (a year) | 48 | −6.9% | −3.6% | +1.5% | 6% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
FLCH performance overview
Franklin FTSE China ETF (FLCH) returned −21.6% over the past year and −4.9% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned −1.0% a year, turning $10,000 into about $9,163. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.1%, from Feb 17, 2021 to Oct 31, 2022; the fund has not yet regained that high. FLCH finished 4 of its 8 full calendar years with a gain; the best year was 2025 (+32.6%) and the worst 2022 (−22.7%). Volatility has been 25.0% a year.
Related: FLCH chart, FLCH holdings, FLCH dividends. See the FLCH overview for the latest quote and fund facts.
FLCH performance FAQ
What is the FLCH return over the past year?
FLCH returned −21.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 23.3%.
What is the average annual return of FLCH?
FLCH has returned −4.9% a year over 5 years, −1.0% a year since November 6, 2017 (total return, distributions reinvested).
How much would $10,000 invested in FLCH be worth?
$10,000 invested in FLCH at its first recorded close on November 6, 2017 would be worth about $9,163 on October 23, 2026 with distributions reinvested.
What was the worst year for FLCH?
The worst calendar year was 2022, with a total return of −22.7%. The best was 2025 at +32.6%.
What is the biggest drawdown of FLCH?
The largest peak-to-trough decline was −62.1% between February 17, 2021 and October 31, 2022. It has not yet recovered to that high; it is 42.1% below its peak.
How volatile is FLCH?
Over the past 3 years FLCH had an annualized volatility of 20.9% and a Sharpe ratio of 0.33 (excess return over 1–3 month T-bills per unit of risk).