FLMX vs SPY
Comparison between FRANKLIN FTSE MEXICO ETF (FLMX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FLMX, delivering a return of +13.3% compared to +12.4%
FLMX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FLMX
$89M
Winner
SPY
$735B
Expense Ratio
FLMX
0.19%
Winner
SPY
0.09%
Max Drawdown
Winner
FLMX
52.73%
SPY
56.47%
Sharpe Ratio
FLMX
1.16
Winner
SPY
1.62
5Y Beta
Winner
FLMX
0.68
SPY
1.00
P/E Ratio
FLMX
N/A
SPY
28.99
Forward P/E
FLMX
N/A
SPY
22.37
5Y Dividends CAGR
Winner
FLMX
34.85%
SPY
5.43%
5Y EPS CAGR
FLMX
N/A
SPY
26.05%
Debt to Equity
FLMX
N/A
SPY
32.40%
P/S Ratio
FLMX
N/A
SPY
3.74
P/B Ratio
FLMX
N/A
SPY
5.61
FLMX vs SPY - Holdings Comparison
FLMX and SPY have 1 common holdings. Overlap is 0.00%
FLMX's top 25 holdings weight is 93.38%. SPY's top 25 holdings weight is 52.37%.
| Rank | FLMX | SPY |
|---|---|---|
| #1 | GRUPO MEXICO SAB DE CV CLASS B (n/a) - 13.48% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | GRUPO FINANCIERO BANORTE SAB DE CV CLASS O (n/a) - 12.31% | APPLE INC (AAPL) - 7.02% |
| #3 | FOMENTO ECONOMICO MEXICANO SAB DE CV UNITS CONS. OF 1 SHS-B- AND 4 SHS-D- (n/a) - 8.32% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | AMERICA MOVIL SAB DE CV ORDINARY SHARES CLASS B (n/a) - 7.97% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | WAL MART DE MEXICO SAB DE CV (n/a) - 6.29% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | CEMEX SAB DE CV (n/a) - 5.15% | BROADCOM INC (AVGO) - 3.10% |
| #7 | ARCA CONTINENTAL SAB DE CV CLASS B ORDINARY SHARES (n/a) - 3.81% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | INDUSTRIAS PENOLES SAB DE CV (n/a) - 3.46% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV CLASS B (n/a) - 3.41% | TESLA INC (TSLA) - 1.89% |
| #10 | PROLOGISPROPERTY MEXICO SA DE CV CERTIFICADOS BURSATILES FIDUCIARIOS INMOBI (n/a) - 2.60% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | COCA-COLA FEMSA SAB DE CV CPO TERMS:3 SHS-B- & 5 SHS-L- (n/a) - 2.51% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | GRUPO AEROPORTUARIO DEL SURESTE SAB DE CV CLASS B (n/a) - 2.44% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | FIBRA UNO ADMINISTRACION SA DE CV CERTIFICADOS BURSATILES FIDUCIARIOS INMOB (n/a) - 2.38% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | GRUPO FINANCIERO INBURSA SAB DE CV SERIES O (n/a) - 2.21% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | GRUPO CARSO SAB DE CV CLASS A1 (n/a) - 2.12% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | GRUPO BIMBO SAB DE CV CLASS A (n/a) - 2.05% | INTEL CORP (INTC) - 0.90% |
| #17 | GRUPO AEROPORTUARIO DEL CENTRO NORTE SAB DE CV CLASS B (n/a) - 1.75% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | KIMBERLY CLARK DE MEXICO SAB DE CV CLASS A (n/a) - 1.70% | VISA INC CLASS A (V) - 0.85% |
| #19 | CORPORACION INMOBILIARIA VESTA SAB DE CV (n/a) - 1.46% | WALMART INC (WMT) - 0.81% |
| #20 | PROMOTORA Y OPERADORA DE INFRAESTRUCTURA SAB DE CV (n/a) - 1.40% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | MEGACABLE HOLDINGS SAB DE CV (n/a) - 1.38% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | GRUMA SAB DE CV CLASS B (n/a) - 1.37% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | GENTERA SAB DE CV (n/a) - 1.32% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | BANCO DEL BAJIO SA (n/a) - 1.29% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | SIGMA FOODS SAB DE CV CLASS A (n/a) - 1.20% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 39 | 505 |
FLMX vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FLMX
-3.06%
Winner
SPY
+1.90%
3M
FLMX
-0.70%
Winner
SPY
+8.55%
6M
Winner
FLMX
+11.52%
SPY
+8.18%
1Y
Winner
FLMX
+28.73%
SPY
+25.79%
5Y(CAGR)
FLMX
+12.37%
Winner
SPY
+13.32%
10Y(CAGR)
FLMX
+7.72%
Winner
SPY
+15.19%
Max(CAGR)
FLMX
+7.72%
Winner
SPY
+8.47%
FLMX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FLMX | SPY |
|---|---|---|
| 2026 | +8.03% | +8.26% |
| 2025 | +50.48% | +18.00% |
| 2024 | -27.67% | +25.59% |
| 2023 | +36.92% | +26.72% |
| 2022 | +2.89% | -18.64% |
| 2021 | +18.45% | +30.52% |
| 2020 | -5.86% | +17.28% |
| 2019 | +9.70% | +31.09% |
| 2018 | -13.36% | -5.24% |
| 2017 | -0.92% | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FLMX vs SPY Drawdown Comparison
The maximum drawdown for FLMX was -50.10%, occurring on Mar 23, 2020. Recovery took 904 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FLMX drawdown is -7.72%. The current SPY drawdown is -2.90%.
| Rank | FLMX | SPY |
|---|---|---|
| #1 | -50.10% Jan 26, 2018 - Aug 30, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -31.75% Apr 8, 2024 - Sep 30, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -19.64% Apr 1, 2022 - Jan 6, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.05% Jul 28, 2023 - Dec 14, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -14.18% Feb 20, 2026 - Mar 20, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -12.63% Aug 31, 2021 - Dec 30, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.32% Mar 3, 2023 - Apr 13, 2023 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.18% Jan 12, 2022 - Feb 16, 2022 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -7.09% Feb 16, 2022 - Mar 17, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.93% May 15, 2023 - Jun 9, 2023 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.78% Dec 26, 2023 - Feb 6, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.56% Feb 6, 2024 - Mar 27, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.53% Feb 1, 2023 - Mar 3, 2023 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.24% Sep 30, 2025 - Nov 11, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.95% Nov 11, 2025 - Dec 11, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FLMX and SPY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
Dividend Comparison (1999 - 2026)
FLMX vs SPY dividend yield comparison.
| Year | FLMX | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 3.99% | 1.07% |
| 2024 | 3.31% | 1.21% |
| 2023 | 2.90% | 1.40% |
| 2022 | 4.22% | 1.65% |
| 2021 | 3.15% | 1.20% |
| 2020 | 1.48% | 1.52% |
| 2019 | 2.95% | 1.75% |
| 2018 | 2.51% | 2.04% |
| 2017 | 0.31% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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