BCOM.L vs. FLXK.L
BCOM.L (L&G All Commodities UCITS ETF - USD Accumulating ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF USD (Acc)) are both exchange-traded funds - BCOM.L is a Commodities fund tracking the Bloomberg Commodity Index Total Return, while FLXK.L is a South Korea Equities fund tracking the FTSE Korea 30/18 Capped Index (Net Return). Both are passively managed. Over the past 5 years, BCOM.L returned 10.39%/yr vs 15.68%/yr for FLXK.L. At a 0.24 correlation, their price movements are largely independent. BCOM.L charges 0.15%/yr vs 0.09%/yr for FLXK.L.
Performance
BCOM.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, BCOM.L achieves a 20.25% return, which is significantly lower than FLXK.L's 75.50% return.
BCOM.L
- 1D
- 0.10%
- 1M
- 2.16%
- 6M
- 16.43%
- YTD
- 20.25%
- 1Y
- 29.55%
- 3Y*
- 12.61%
- 5Y*
- 10.39%
- 10Y*
- —
FLXK.L
- 1D
- -2.69%
- 1M
- -18.61%
- 6M
- 52.93%
- YTD
- 75.50%
- 1Y
- 142.25%
- 3Y*
- 39.46%
- 5Y*
- 15.68%
- 10Y*
- —
BCOM.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BCOM.L L&G All Commodities UCITS ETF - USD Accumulating ETF | 20.25% | 16.19% | 4.43% | -7.25% | 15.63% | 27.35% | -2.99% | 4.57% |
FLXK.L Franklin FTSE Korea UCITS ETF USD (Acc) | 75.50% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between BCOM.L and FLXK.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.24 |
Over the past year, the correlation between BCOM.L and FLXK.L has dropped to 0.03 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
BCOM.L vs. FLXK.L — Risk / Return Rank
BCOM.L
FLXK.L
BCOM.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) and Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.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.
| BCOM.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 5.87 | -3.82 |
| Martin ratioReturn relative to average drawdown | 6.50 | 18.43 | -11.94 |
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Drawdowns
BCOM.L vs. FLXK.L - Drawdown Comparison
The maximum BCOM.L drawdown since its inception was -31.65%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for BCOM.L and FLXK.L.
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Drawdown Indicators
| BCOM.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -49.43% | +17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -24.09% | +9.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -28.54% | +14.21% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -47.00% | +20.73% |
Current DrawdownCurrent decline from peak | -8.78% | -24.09% | +15.31% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -20.23% | +8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 7.69% | -3.15% |
Volatility
BCOM.L vs. FLXK.L - Volatility Comparison
The current volatility for L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) is 4.49%, while Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) has a volatility of 19.69%. This indicates that BCOM.L experiences smaller price fluctuations and is considered to be less risky than FLXK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOM.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 19.69% | -15.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.81% | 41.50% | -26.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 45.06% | -28.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 29.63% | -12.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 29.60% | -14.25% |
BCOM.L vs. FLXK.L - Expense Ratio Comparison
BCOM.L has a 0.15% expense ratio, which is higher than FLXK.L'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
BCOM.L vs. FLXK.L - Dividend Comparison
Neither BCOM.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
BCOM.L and FLXK.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.15% for BCOM.L.
BCOM.L is categorized as Commodities, while FLXK.L is South Korea Equities. BCOM.L tracks Bloomberg Commodity Index Total Return, while FLXK.L tracks FTSE Korea 30/18 Capped Index (Net Return). They also come from different issuers: L&G and Franklin. Their fees differ too: 0.15% for BCOM.L and 0.09% for FLXK.L.
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