500P.L vs. FRXE.L
500P.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF) and FRXE.L (Franklin Euro Short Maturity UCITS ETF) are both exchange-traded funds - 500P.L is a S&P 500 fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while FRXE.L is a Global Equities fund tracking the Franklin Euro Short Maturity UCITS ETF. Both are passively managed. Over the past 5 years, 500P.L returned 12.86%/yr vs 2.23%/yr for FRXE.L. At a 0.08 correlation, their price movements are largely independent.
Performance
500P.L vs. FRXE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 500P.L achieves a 7.78% return, which is significantly higher than FRXE.L's -1.41% return.
500P.L
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- 8.30%
- YTD
- 7.78%
- 1Y
- 18.14%
- 3Y*
- 18.29%
- 5Y*
- 12.86%
- 10Y*
- —
FRXE.L
- 1D
- 0.18%
- 1M
- -1.09%
- 6M
- -0.71%
- YTD
- -1.41%
- 1Y
- 0.23%
- 3Y*
- 3.05%
- 5Y*
- 2.23%
- 10Y*
- —
500P.L vs. FRXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | 7.78% | 7.74% | 28.94% | 23.30% | -12.86% | 34.04% | 11.40% |
FRXE.L Franklin Euro Short Maturity UCITS ETF | -1.41% | 7.71% | -0.48% | 1.28% | 5.69% | -6.36% | 0.04% |
Correlation
The correlation between 500P.L and FRXE.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.08 |
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Return for Risk
500P.L vs. FRXE.L — Risk / Return Rank
500P.L
FRXE.L
500P.L vs. FRXE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) and Franklin Euro Short Maturity UCITS ETF (FRXE.L). 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.
| 500P.L | FRXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.00 | +1.68 |
| Martin ratioReturn relative to average drawdown | 5.22 | 0.00 | +5.21 |
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Drawdowns
500P.L vs. FRXE.L - Drawdown Comparison
The maximum 500P.L drawdown since its inception was -20.32%, which is greater than FRXE.L's maximum drawdown of -17.03%. Use the drawdown chart below to compare losses from any high point for 500P.L and FRXE.L.
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Drawdown Indicators
| 500P.L | FRXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -17.03% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -2.46% | -8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -20.32% | -3.04% | -17.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -4.56% | -15.76% |
Current DrawdownCurrent decline from peak | -1.03% | -4.75% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -10.95% | +6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 1.06% | +2.43% |
Volatility
500P.L vs. FRXE.L - Volatility Comparison
Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) has a higher volatility of 3.54% compared to Franklin Euro Short Maturity UCITS ETF (FRXE.L) at 0.83%. This indicates that 500P.L's price experiences larger fluctuations and is considered to be riskier than FRXE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 500P.L | FRXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 0.83% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 2.77% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 4.02% | +7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 5.44% | +9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 7.54% | +7.50% |
Dividends
500P.L vs. FRXE.L - Dividend Comparison
500P.L has not paid dividends to shareholders, while FRXE.L's dividend yield for the trailing twelve months is around 1.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRXE.L Franklin Euro Short Maturity UCITS ETF | 1.94% | 2.54% | 2.59% | 1.19% | 0.25% |
Frequently Asked Questions
500P.L and FRXE.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
500P.L is categorized as S&P 500, while FRXE.L is Global Equities. 500P.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while FRXE.L tracks Franklin Euro Short Maturity UCITS ETF.
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