CAPS.L vs. FLXK.L

Last updated Jul 18, 2026

CAPS.L (First Trust Capital Strength UCITS ETF Acc) and FLXK.L (Franklin FTSE Korea UCITS ETF USD (Acc)) are both exchange-traded funds - CAPS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, 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, CAPS.L returned 6.34%/yr vs 15.73%/yr for FLXK.L. At a 0.19 correlation, their price movements are largely independent. CAPS.L charges 0.60%/yr vs 0.09%/yr for FLXK.L.

Performance

CAPS.L vs. FLXK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Capital Strength UCITS ETF Acc (CAPS.L) and Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CAPS.L is traded in GBp, while FLXK.L is traded in USD. To make them comparable, the FLXK.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CAPS.L achieves a 4.96% return, which is significantly lower than FLXK.L's 72.16% return.

CAPS.L

• 1D: 0.00%
• 1M: 3.12%
• 6M: 1.11%
• YTD: 4.96%
• 1Y: 7.97%
• 3Y*: 8.56%
• 5Y*: 6.34%
• 10Y*: —

FLXK.L

• 1D: -1.88%
• 1M: -23.34%
• 6M: 49.24%
• YTD: 72.16%
• 1Y: 136.47%
• 3Y*: 37.03%
• 5Y*: 15.73%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAPS.L vs. FLXK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CAPS.L First Trust Capital Strength UCITS ETF Acc	4.96%	-0.65%	12.99%	2.23%	0.52%	-6.71%	11.84%
FLXK.L Franklin FTSE Korea UCITS ETF USD (Acc)	72.16%	80.91%	-20.26%	14.73%	-19.45%	-5.96%	35.56%

Correlation

The correlation between CAPS.L and FLXK.L is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.19

The correlation between CAPS.L and FLXK.L shifts across timeframes, from -0.22 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CAPS.L vs. FLXK.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAPS.L

CAPS.L Risk / Return Rank: 47
CAPS.L Sharpe Ratio Rank: 10
CAPS.L Sortino Ratio Rank: 100
CAPS.L Omega Ratio Rank: 100
CAPS.L Calmar Ratio Rank: 11
CAPS.L Martin Ratio Rank: 12

FLXK.L

FLXK.L Risk / Return Rank: 92
FLXK.L Sharpe Ratio Rank: 96
FLXK.L Sortino Ratio Rank: 89
FLXK.L Omega Ratio Rank: 91
FLXK.L Calmar Ratio Rank: 94
FLXK.L Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAPS.L vs. FLXK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Acc (CAPS.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.

	CAPS.L	FLXK.L	Difference
Sharpe ratio: Return per unit of total volatility	0.00	3.09	-3.09
Sortino ratio: Return per unit of downside risk	139.67	3.26	+136.41
Omega ratio: Gain probability vs. loss probability	77.78	1.46	+76.32
Calmar ratio: Return relative to maximum drawdown	0.08	5.03	-4.95
Martin ratio: Return relative to average drawdown	0.32	17.21	-16.90

CAPS.L vs. FLXK.L - Sharpe Ratio Comparison

The current CAPS.L Sharpe Ratio is 0.00, which is lower than the FLXK.L Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of CAPS.L and FLXK.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAPS.L vs. FLXK.L - Drawdown Comparison

The maximum CAPS.L drawdown since its inception was -99.07%, which is greater than FLXK.L's maximum drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for CAPS.L and FLXK.L.

Drawdown Indicators

	CAPS.L	FLXK.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.07%	-41.70%	-57.37%
Max Drawdown (1Y) Largest decline over 1 year	-99.02%	-26.99%	-72.03%
Max Drawdown (3Y) Largest decline over 3 years	-99.07%	-28.10%	-70.97%
Max Drawdown (5Y) Largest decline over 5 years	-99.07%	-37.31%	-61.76%
Current Drawdown Current decline from peak	-1.81%	-26.99%	+25.18%
Average Drawdown Average peak-to-trough decline	-12.89%	-17.72%	+4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.18%	7.90%	+17.28%

Volatility

CAPS.L vs. FLXK.L - Volatility Comparison

The current volatility for First Trust Capital Strength UCITS ETF Acc (CAPS.L) is 3.80%, while Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) has a volatility of 18.55%. This indicates that CAPS.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.

Volatility by Period

	CAPS.L	FLXK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	18.55%	-14.75%
Volatility (6M) Calculated over the trailing 6-month period	7.92%	40.42%	-32.50%
Volatility (1Y) Calculated over the trailing 1-year period	13,922.65%	43.95%	+13,878.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6,235.98%	27.96%	+6,208.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5,474.84%	28.13%	+5,446.71%

CAPS.L vs. FLXK.L - Expense Ratio Comparison

CAPS.L has a 0.60% expense ratio, which is higher than FLXK.L's 0.09% expense ratio.

Dividends

CAPS.L vs. FLXK.L - Dividend Comparison

Neither CAPS.L nor FLXK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CAPS.L and FLXK.L in my portfolio?

CAPS.L and FLXK.L have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAPS.L or FLXK.L?

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.

Which ETF is cheaper, CAPS.L or FLXK.L?

FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.60% for CAPS.L.

What is the main difference between CAPS.L and FLXK.L?

CAPS.L is categorized as Large Cap Blend Equities, while FLXK.L is South Korea Equities. CAPS.L tracks Russell 1000 TR USD, while FLXK.L tracks FTSE Korea 30/18 Capped Index (Net Return). They also come from different issuers: First Trust and Franklin. Their fees differ too: 0.60% for CAPS.L and 0.09% for FLXK.L.