APJX.DE vs. FLXK.DE
APJX.DE (iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc) and FLXK.DE (Franklin FTSE Korea UCITS ETF) are both Asia Pacific Equities funds - APJX.DE tracks the MSCI Pacific ex Japan ESG Enhanced Focus while FLXK.DE tracks the FTSE Korea 30/18 Capped. Both are passively managed. Over the past 3 years, APJX.DE returned 7.63%/yr vs 46.07%/yr for FLXK.DE. A 0.54 correlation means they provide meaningful diversification when combined. APJX.DE charges 0.20%/yr vs 0.09%/yr for FLXK.DE.
Performance
APJX.DE vs. FLXK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, APJX.DE achieves a 5.20% return, which is significantly lower than FLXK.DE's 113.07% return.
APJX.DE
- 1D
- -0.66%
- 1M
- -1.60%
- YTD
- 5.20%
- 6M
- 6.14%
- 1Y
- 8.80%
- 3Y*
- 7.63%
- 5Y*
- —
- 10Y*
- —
FLXK.DE
- 1D
- -5.45%
- 1M
- 18.44%
- YTD
- 113.07%
- 6M
- 130.94%
- 1Y
- 225.04%
- 3Y*
- 46.07%
- 5Y*
- 20.42%
- 10Y*
- —
APJX.DE vs. FLXK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
APJX.DE iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc | 5.20% | 5.91% | 11.45% | 0.12% | -6.30% |
FLXK.DE Franklin FTSE Korea UCITS ETF | 113.07% | 73.17% | -17.06% | 16.74% | -17.66% |
Correlation
The correlation between APJX.DE and FLXK.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.54 |
The correlation between APJX.DE and FLXK.DE has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
APJX.DE vs. FLXK.DE — Risk / Return Rank
APJX.DE
FLXK.DE
APJX.DE vs. FLXK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) and Franklin FTSE Korea UCITS ETF (FLXK.DE). 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.
| APJX.DE | FLXK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.34 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.79 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 10.68 | -9.65 |
| Martin ratioReturn relative to average drawdown | 2.88 | 38.63 | -35.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APJX.DE | FLXK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 5.91 | -5.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.84 | -0.60 |
Drawdowns
APJX.DE vs. FLXK.DE - Drawdown Comparison
The maximum APJX.DE drawdown since its inception was -19.95%, smaller than the maximum FLXK.DE drawdown of -39.43%. Use the drawdown chart below to compare losses from any high point for APJX.DE and FLXK.DE.
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Drawdown Indicators
| APJX.DE | FLXK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.95% | -39.43% | +19.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -20.92% | +12.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -29.99% | +10.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.36% | — |
Current DrawdownCurrent decline from peak | -5.71% | -5.90% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -15.54% | +9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 5.80% | -2.75% |
Volatility
APJX.DE vs. FLXK.DE - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) is 2.92%, while Franklin FTSE Korea UCITS ETF (FLXK.DE) has a volatility of 17.58%. This indicates that APJX.DE experiences smaller price fluctuations and is considered to be less risky than FLXK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APJX.DE | FLXK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 17.58% | -14.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 33.23% | -23.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 37.87% | -25.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 25.35% | -10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 26.75% | -11.86% |
APJX.DE vs. FLXK.DE - Expense Ratio Comparison
APJX.DE has a 0.20% expense ratio, which is higher than FLXK.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
APJX.DE vs. FLXK.DE - Dividend Comparison
Neither APJX.DE nor FLXK.DE has paid dividends to shareholders.
Frequently Asked Questions
APJX.DE and FLXK.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for APJX.DE.
APJX.DE tracks MSCI Pacific ex Japan ESG Enhanced Focus, while FLXK.DE tracks FTSE Korea 30/18 Capped. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for APJX.DE and 0.09% for FLXK.DE.
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