Franklin FTSE Mexico ETF (FLMX) Performance
FLMX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.8% since Dec 31, 2025
- 1 year
- +17.8% total return
- 5 years
- +12.1% a year
- Since first price
- +7.5% a year since 2017
FLMX trailing returns vs SPY, QQQ, AGG
| Period | FLMX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.4% | +2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.6% | −3.5% | +7.8% | +8.4% | −1.5% |
| YTD | +9.8% | +7.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.8% | +13.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +54.7%+15.6%/yr | +37.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +76.7%+12.1%/yr | +46.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 6, 2017 | +91.6%+7.5%/yr | +45.8% | — | — | — |
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: FLMX vs SPY
From Nov 6, 2017: FLMX grew to $19,162, SPY to $33,697.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLMX returns by calendar year
5 of 8 full years positive. Best 2025 (+53.8%), worst 2024 (−28.4%). 2026 is year to date.
FLMX annual returns table
| Year | FLMX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.8% | −14.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +53.8% | −11.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −28.4% | −31.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +39.3% | −18.1% | +26.2% | +54.9% | +5.7% |
| 2022 | +2.4% | −19.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +19.6% | −12.6% | +28.7% | +27.4% | −1.8% |
| 2020 | −3.5% | −47.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +12.1% | −17.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.3% | −27.4% | −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.
FLMX largest drawdowns
Now 6.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −50.1% | Mar 23, 2020 | Aug 30, 2021 | 2.2 years | 3.6 years |
| Apr 8, 2024 | −31.7% | Dec 30, 2024 | Sep 30, 2025 | 9 months | 1.5 years |
| Apr 1, 2022 | −19.6% | Sep 26, 2022 | Jan 6, 2023 | 6 months | 9 months |
| Jul 28, 2023 | −18.1% | Oct 20, 2023 | Dec 14, 2023 | 3 months | 5 months |
| Feb 20, 2026 | −14.2% | Mar 20, 2026 | not yet | 28 days | 8 months so far |
| Aug 31, 2021 | −12.6% | Nov 26, 2021 | Dec 30, 2021 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLMX risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +10.4% | +11.6% | +6.9% |
| Volatility (annualized) | 20.3% | 22.2% | 24.4% |
| Sharpe ratio | 0.37 | 0.44 | 0.30 |
| Sortino ratio | 0.61 | 0.75 | 0.42 |
| Best month | +15.0% | +16.4% | +19.1% |
| Worst month | −11.3% | −11.3% | −31.4% |
| Best 12 months | +67.0% | +67.0% | +67.0% |
| Worst 12 months | −28.4% | −28.4% | −34.6% |
| Positive months | 53% | 53% | 58% |
| Beta vs S&P 500 | 0.54 | 0.76 | — |
| Correlation with S&P 500 | 0.33 | 0.54 | — |
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.
FLMX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −34.6% | +10.4% | +67.0% | 60% |
| 3-year (a year) | 72 | −6.3% | +9.3% | +31.2% | 90% |
| 5-year (a year) | 48 | +2.8% | +11.2% | +18.8% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
FLMX performance overview
Franklin FTSE Mexico ETF (FLMX) returned +17.8% over the past year and +12.1% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +7.5% a year, turning $10,000 into about $19,162. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −50.1%, from Jan 26, 2018 to Mar 23, 2020, and it took 1.4 years to get back to the old high. FLMX finished 5 of its 8 full calendar years with a gain; the best year was 2025 (+53.8%) and the worst 2024 (−28.4%). Volatility has been 24.4% a year.
Related: FLMX chart, FLMX holdings, FLMX dividends. See the FLMX overview for the latest quote and fund facts.
FLMX performance FAQ
What is the FLMX return over the past year?
FLMX returned +17.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.2%.
What is the average annual return of FLMX?
FLMX has returned +12.1% a year over 5 years, +7.5% a year since November 6, 2017 (total return, distributions reinvested).
How much would $10,000 invested in FLMX be worth?
$10,000 invested in FLMX at its first recorded close on November 6, 2017 would be worth about $19,162 on October 23, 2026 with distributions reinvested.
What was the worst year for FLMX?
The worst calendar year was 2024, with a total return of −28.4%. The best was 2025 at +53.8%.
What is the biggest drawdown of FLMX?
The largest peak-to-trough decline was −50.1% between January 26, 2018 and March 23, 2020. It recovered to the old high on August 30, 2021, 1.4 years after the bottom.
How volatile is FLMX?
Over the past 3 years FLMX had an annualized volatility of 20.3% and a Sharpe ratio of 0.37 (excess return over 1–3 month T-bills per unit of risk).