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CEA1.L vs. FLKR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEA1.L vs. FLKR

Last updated Jun 5, 2026

CEA1.L (iShares MSCI EM Asia UCITS ETF (Acc)) and FLKR (Franklin FTSE South Korea ETF) are both Asia Pacific Equities funds - CEA1.L tracks the MSCI AC Asia Ex Japan NR USD while FLKR tracks the FTSE South Korea RIC Capped Index. Both are passively managed. Over the past 5 years, CEA1.L returned 9.12%/yr vs 19.69%/yr for FLKR. A 0.61 correlation means they provide meaningful diversification when combined. CEA1.L charges 0.20%/yr vs 0.09%/yr for FLKR.

Performance

CEA1.L vs. FLKR - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L) and Franklin FTSE South Korea ETF (FLKR). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CEA1.L is traded in GBp, while FLKR is traded in USD. To make them comparable, the FLKR values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CEA1.L achieves a 30.56% return, which is significantly lower than FLKR's 105.79% return.

CEA1.L

1D
-1.69%
1M
8.28%
YTD
30.56%
6M
33.05%
1Y
59.80%
3Y*
23.16%
5Y*
9.12%
10Y*
12.09%

FLKR

1D
-4.41%
1M
17.39%
YTD
105.79%
6M
120.10%
1Y
216.13%
3Y*
45.22%
5Y*
19.69%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEA1.L vs. FLKR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CEA1.L
iShares MSCI EM Asia UCITS ETF (Acc)		30.56%25.23%13.67%0.79%-11.96%-4.22%23.90%13.81%-10.88%-1.44%
FLKR
Franklin FTSE South Korea ETF		105.79%78.24%-17.42%13.21%-18.87%-6.66%38.45%4.73%-16.63%0.26%

Correlation

The correlation between CEA1.L and FLKR is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.61

The correlation between CEA1.L and FLKR has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

CEA1.L vs. FLKR - Sectors Allocation Comparison

Sectors
CEA1.L
FLKR

Technology

49.6%
64.3%

Financial Services

13.7%
7.6%

Consumer Cyclical

9.9%
6.0%

Industrials

7.2%
12.8%

Communication Services

6.5%
1.6%

Basic Materials

3.4%
2.6%

Healthcare

3.0%
2.5%

Energy

2.5%
0.4%

Consumer Defensive

2.2%
1.5%

Utilities

1.4%
0.3%

Real Estate

0.7%

-

Technology

CEA1.L
49.6%
FLKR
64.3%

Financial Services

CEA1.L
13.7%
FLKR
7.6%

Consumer Cyclical

CEA1.L
9.9%
FLKR
6.0%

Industrials

CEA1.L
7.2%
FLKR
12.8%

Communication Services

CEA1.L
6.5%
FLKR
1.6%

Basic Materials

CEA1.L
3.4%
FLKR
2.6%

Healthcare

CEA1.L
3.0%
FLKR
2.5%

Energy

CEA1.L
2.5%
FLKR
0.4%

Consumer Defensive

CEA1.L
2.2%
FLKR
1.5%

Utilities

CEA1.L
1.4%
FLKR
0.3%

Real Estate

CEA1.L
0.7%
FLKR

-

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iShares MSCI EM Asia UCITS ETF (Acc)

Franklin FTSE South Korea ETF

Often compared with CEA1.L:
CEA1.L vs. ADIVCEA1.L vs. EMV.LCEA1.L vs. XCX5.LCEA1.L vs. EMIM.LCEA1.L vs. IPACCEA1.L vs. IWDA.LCEA1.L vs. SPY
Often compared with FLKR:
FLKR vs. EWYFLKR vs. SCHDFLKR vs. FLJPFLKR vs. VOOFLKR vs. KORUFLKR vs. HFXIFLKR vs. FLTW

Return for Risk

CEA1.L vs. FLKR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEA1.L
CEA1.L Risk / Return Rank: 8989
Overall Rank
CEA1.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
CEA1.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
CEA1.L Omega Ratio Rank: 9191
Omega Ratio Rank
CEA1.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
CEA1.L Martin Ratio Rank: 8686
Martin Ratio Rank
FLKR
FLKR Risk / Return Rank: 9696
Overall Rank
FLKR Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
FLKR Sortino Ratio Rank: 9494
Sortino Ratio Rank
FLKR Omega Ratio Rank: 9494
Omega Ratio Rank
FLKR Calmar Ratio Rank: 9696
Calmar Ratio Rank
FLKR Martin Ratio Rank: 9696
Martin Ratio Rank
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.

CEA1.L vs. FLKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L) and Franklin FTSE South Korea ETF (FLKR). 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.

CEA1.LFLKRDifference
Sharpe ratioReturn per unit of total volatility
3.23
5.56

-2.33

Sortino ratioReturn per unit of downside risk
4.12
5.13

-1.01

Omega ratioGain probability vs. loss probability

1.58

1.73

-0.15

Calmar ratioReturn relative to maximum drawdown

5.09

10.22

-5.13

Martin ratioReturn relative to average drawdown

17.73

35.77

-18.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEA1.L vs. FLKR - Sharpe Ratio Comparison

The current CEA1.L Sharpe Ratio is 3.23, which is lower than the FLKR Sharpe Ratio of 5.56. The chart below compares the historical Sharpe Ratios of CEA1.L and FLKR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CEA1.LFLKRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.23

5.56

-2.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.77

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.55

-0.03

Drawdowns

CEA1.L vs. FLKR - Drawdown Comparison

The maximum CEA1.L drawdown since its inception was -33.94%, smaller than the maximum FLKR drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for CEA1.L and FLKR.

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Drawdown Indicators

CEA1.LFLKRDifference

Max Drawdown

Largest peak-to-trough decline

-33.94%

-40.72%

+6.78%

Max Drawdown (1Y)

Largest decline over 1 year

-11.68%

-21.28%

+9.60%

Max Drawdown (3Y)

Largest decline over 3 years

-17.35%

-26.12%

+8.77%

Max Drawdown (5Y)

Largest decline over 5 years

-28.87%

-38.67%

+9.80%

Max Drawdown (10Y)

Largest decline over 10 years

-33.94%

—

—

Current Drawdown

Current decline from peak

-2.67%

-5.84%

+3.17%

Average Drawdown

Average peak-to-trough decline

-11.09%

-18.47%

+7.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

6.07%

-2.71%

Volatility

CEA1.L vs. FLKR - Volatility Comparison

The current volatility for iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L) is 8.22%, while Franklin FTSE South Korea ETF (FLKR) has a volatility of 19.69%. This indicates that CEA1.L experiences smaller price fluctuations and is considered to be less risky than FLKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CEA1.LFLKRDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.22%

19.69%

-11.47%

Volatility (6M)

Calculated over the trailing 6-month period

15.73%

34.89%

-19.16%

Volatility (1Y)

Calculated over the trailing 1-year period

18.45%

39.25%

-20.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.81%

25.85%

-8.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.53%

25.93%

-7.40%

CEA1.L vs. FLKR - Expense Ratio Comparison

CEA1.L has a 0.20% expense ratio, which is higher than FLKR'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

CEA1.L vs. FLKR - Dividend Comparison

CEA1.L has not paid dividends to shareholders, while FLKR's dividend yield for the trailing twelve months is around 1.89%.

PositionTTM202520242023202220212020201920182017
CEA1.L
iShares MSCI EM Asia UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FLKR
Franklin FTSE South Korea ETF		1.89%3.87%7.08%2.28%3.13%2.12%0.99%2.09%1.86%1.02%

Frequently Asked Questions

CEA1.L and FLKR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FLKR is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FLKR is cheaper with a 0.09% expense ratio, compared with 0.20% for CEA1.L.

CEA1.L tracks MSCI AC Asia Ex Japan NR USD, while FLKR tracks FTSE South Korea RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for CEA1.L and 0.09% for FLKR.

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