FLAX vs REIT

Comparison between FRANKLIN FTSE ASIA EX JAPAN ETF (FLAX, ETF) and ALPS ACTIVE REIT ETF (REIT, ETF).

5-Year PerformanceFLAX has outperformed REIT, delivering a return of +8.0% compared to +4.7%

FLAX vs REIT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLAX(ETF)	REIT(ETF)
Net Assets	$52M	$52M
Expense Ratio	0.19%	0.68%
Max Drawdown	44.11%	32.68%
Sharpe Ratio	1.78	1.01
5Y Beta	0.80	0.50
P/E Ratio	N/A	34.77
Forward P/E	N/A	33.24
PEG Ratio	N/A	0.73
5Y Dividends CAGR	19.36%	56.74%
5Y EPS CAGR	N/A	10.19%
Debt to Equity	N/A	99.00%
P/S Ratio	N/A	7.92
P/B Ratio	N/A	2.45

Net Assets

FLAX

$52M

Winner

REIT

$52M

Expense Ratio

Winner

FLAX

0.19%

REIT

0.68%

Max Drawdown

FLAX

44.11%

Winner

REIT

32.68%

Sharpe Ratio

Winner

FLAX

1.78

REIT

1.01

5Y Beta

FLAX

0.80

Winner

REIT

0.50

P/E Ratio

FLAX

N/A

REIT

34.77

Forward P/E

FLAX

N/A

REIT

33.24

PEG Ratio

FLAX

N/A

REIT

0.73

5Y Dividends CAGR

FLAX

19.36%

Winner

REIT

56.74%

5Y EPS CAGR

FLAX

N/A

REIT

10.19%

Debt to Equity

FLAX

N/A

REIT

99.00%

P/S Ratio

FLAX

N/A

REIT

7.92

P/B Ratio

FLAX

N/A

REIT

2.45

FLAX vs REIT - Holdings Comparison

FLAX and REIT have 0 common holdings. Overlap is 0.00%

FLAX's top 25 holdings weight is 45.60%. REIT's top 25 holdings weight is 91.69%.

Rank	FLAX	REIT
#1	n/a (n/a) - 14.42%	EQUINIX INC (EQIX) - 9.68%
#2	SAMSUNG ELECTRONICS CO LTD (n/a) - 7.33%	PROLOGIS INC (PLD) - 9.26%
#3	SK HYNIX INC (n/a) - 5.53%	WELLTOWER INC (WELL) - 8.75%
#4	TENCENT HOLDINGS LTD (n/a) - 3.00%	SIMON PROPERTY GROUP INC (SPG) - 4.88%
#5	n/a (n/a) - 2.53%	ESSEX PROPERTY TRUST INC (ESS) - 4.36%
#6	MEDIATEK INC (n/a) - 1.43%	HOST HOTELS & RESORTS INC (HST) - 3.78%
#7	DELTA ELECTRONICS INC (n/a) - 1.11%	PUBLIC STORAGE (PSA) - 3.61%
#8	AIA GROUP LTD (n/a) - 0.96%	MACERICH CO (MAC) - 3.59%
#9	n/a (n/a) - 0.84%	CARETRUST REIT INC (CTRE) - 3.11%
#10	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.83%	EQUITY LIFESTYLE PROPERTIES INC (ELS) - 3.07%
#11	RELIANCE INDUSTRIES LTD (n/a) - 0.81%	VICI PROPERTIES INC ORDINARY SHARES (VICI) - 3.05%
#12	HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.79%	AVALONBAY COMMUNITIES INC (AVB) - 2.99%
#13	DBS GROUP HOLDINGS LTD (n/a) - 0.78%	INVITATION HOMES INC (INVH) - 2.99%
#14	HDFC BANK LTD (n/a) - 0.74%	DIGITAL REALTY TRUST INC (DLR) - 2.98%
#15	n/a (n/a) - 0.65%	SABRA HEALTH CARE REIT INC (SBRA) - 2.98%
#16	PDD HOLDINGS INC ADR (PDD) - 0.61%	INVENTRUST PROPERTIES CORP (IVT) - 2.70%
#17	XIAOMI CORP CLASS B (n/a) - 0.58%	W.P. CAREY INC (WPC) - 2.48%
#18	ICICI BANK LTD (n/a) - 0.57%	TERRENO REALTY CORP (TRNO) - 2.43%
#19	SK SQUARE (n/a) - 0.56%	CUBESMART (CUBE) - 2.37%
#20	HONG KONG EXCHANGES AND CLEARING LTD (n/a) - 0.53%	CURBLINE PROPERTIES CORP (CURB) - 2.25%
#21	SUN HUNG KAI PROPERTIES LTD (n/a) - 0.21%	ESSENTIAL PROPERTIES REALTY TRUST INC (EPRT) - 2.17%
#22	TATA CONSULTANCY SERVICES LTD (n/a) - 0.20%	AMERICAN TOWER CORP (AMT) - 2.11%
#23	AGRICULTURAL BANK OF CHINA LTD CLASS H (n/a) - 0.20%	BLACKSTONE DIGITAL INFRASTRUCTURE TRUST INC (BXDC) - 2.04%
#24	POSCO HOLDINGS INC (n/a) - 0.20%	BROADSTONE NET LEASE INC ORDINARY SHARES (BNL) - 2.03%
#25	CATHAY FINANCIAL HOLDING CO LTD (n/a) - 0.19%	GAMING AND LEISURE PROPERTIES INC (GLPI) - 2.03%
Total Holdings	1490	30

FLAX vs REIT - Historical Returns

Returns include dividend reinvestment.

Period	FLAX	REIT
1 month	+5.91%	+4.18%
3 months	+18.21%	+7.90%
6 months	+31.53%	+17.12%
1 year	+50.35%	+17.86%
5 years(CAGR)	+8.02%	+4.74%
10 years(CAGR)	+8.55%	N/A
Max(CAGR)	+8.55%	+7.78%

Winner

FLAX

+5.91%

REIT

+4.18%

Winner

FLAX

+18.21%

REIT

+7.90%

Winner

FLAX

+31.53%

REIT

+17.12%

Winner

FLAX

+50.35%

REIT

+17.86%

5Y(CAGR)

Winner

FLAX

+8.02%

REIT

+4.74%

10Y(CAGR)

FLAX

+8.55%

REIT

N/A

Max(CAGR)

Winner

FLAX

+8.55%

REIT

+7.78%

FLAX vs REIT - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	FLAX	REIT
2026	+23.61%	+16.59%
2025	+34.33%	-0.11%
2024	+11.69%	+5.86%
2023	+4.95%	+14.17%
2022	-19.30%	-20.43%
2021	-4.77%	+33.50%
2020	+22.01%	N/A
2019	+17.90%	N/A
2018	-12.03%	N/A

FLAX vs REIT Drawdown Comparison

The maximum drawdown for FLAX was -42.50%, occurring on Oct 24, 2022. Recovery took 1147 trading sessions.

The maximum drawdown for REIT was -29.27%, occurring on Oct 27, 2023. Recovery took 603 trading sessions.

The current FLAX drawdown is -2.95%. The current REIT drawdown is -0.62%.

Rank	FLAX	REIT
#1	-42.50% Feb 17, 2021 - Sep 11, 2025	-29.27% Apr 20, 2022 - Sep 13, 2024
#2	-29.77% Mar 14, 2018 - Aug 4, 2020	-18.18% Nov 27, 2024 - Feb 13, 2026
#3	-12.99% Feb 25, 2026 - Apr 17, 2026	-11.24% Dec 31, 2021 - Apr 20, 2022
#4	-8.86% Jun 2, 2026 - Jun 5, 2026	-7.35% Mar 2, 2026 - Apr 14, 2026
#5	-5.55% Jan 21, 2021 - Feb 9, 2021	-6.96% Sep 3, 2021 - Oct 28, 2021
#6	-5.31% Aug 28, 2020 - Oct 8, 2020	-5.00% Nov 24, 2021 - Dec 8, 2021
#7	-5.30% May 11, 2026 - May 26, 2026	-4.60% Sep 23, 2024 - Nov 25, 2024
#8	-5.20% Oct 29, 2025 - Jan 2, 2026	-3.97% May 10, 2021 - May 24, 2021
#9	-4.39% Oct 6, 2025 - Oct 20, 2025	-3.43% Apr 9, 2021 - Apr 21, 2021
#10	-3.34% Jan 28, 2026 - Feb 10, 2026	-3.22% May 26, 2026 - Jun 9, 2026
#11	-2.72% Oct 12, 2020 - Nov 4, 2020	-2.92% Feb 26, 2021 - Mar 8, 2021
#12	-2.54% Feb 23, 2018 - Mar 13, 2018	-2.91% Mar 15, 2021 - Apr 1, 2021
#13	-2.37% Nov 27, 2020 - Dec 3, 2020	-2.83% Jun 14, 2021 - Jul 9, 2021
#14	-1.91% Aug 6, 2020 - Aug 17, 2020	-2.62% Apr 20, 2026 - May 6, 2026
#15	-1.90% Sep 17, 2025 - Oct 1, 2025	-2.42% Jul 30, 2021 - Aug 31, 2021