CEA1.L vs. FRXT.L
CEA1.L (iShares MSCI EM Asia UCITS ETF (Acc)) and FRXT.L (Franklin FTSE Taiwan UCITS ETF) are both Asia Pacific Equities funds - CEA1.L tracks the MSCI AC Asia Ex Japan NR USD while FRXT.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 3 years, CEA1.L returned 23.16%/yr vs 41.30%/yr for FRXT.L. A 0.74 correlation means they provide meaningful diversification when combined. CEA1.L charges 0.20%/yr vs 0.19%/yr for FRXT.L.
Performance
CEA1.L vs. FRXT.L - Performance Comparison
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Different Trading Currencies
CEA1.L is traded in GBp, while FRXT.L is traded in GBP. To make them comparable, the FRXT.L 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 FRXT.L's 67.83% 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%
FRXT.L
- 1D
- -1.47%
- 1M
- 15.57%
- YTD
- 67.83%
- 6M
- 73.29%
- 1Y
- 121.18%
- 3Y*
- 41.30%
- 5Y*
- —
- 10Y*
- —
CEA1.L vs. FRXT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEA1.L iShares MSCI EM Asia UCITS ETF (Acc) | 30.56% | 25.23% | 13.67% | 0.79% | -5.64% |
FRXT.L Franklin FTSE Taiwan UCITS ETF | 67.83% | 25.34% | 25.66% | 22.61% | -17.25% |
Correlation
The correlation between CEA1.L and FRXT.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022 | 0.74 |
The correlation between CEA1.L and FRXT.L has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
CEA1.L vs. FRXT.L — Risk / Return Rank
CEA1.L
FRXT.L
CEA1.L vs. FRXT.L - 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 Taiwan UCITS ETF (FRXT.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.
| CEA1.L | FRXT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.87 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 13.25 | -8.16 |
| Martin ratioReturn relative to average drawdown | 17.73 | 38.41 | -20.68 |
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
| CEA1.L | FRXT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.23 | 5.43 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
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 | 1.28 | -0.76 |
Drawdowns
CEA1.L vs. FRXT.L - Drawdown Comparison
The maximum CEA1.L drawdown since its inception was -33.94%, which is greater than FRXT.L's maximum drawdown of -28.86%. Use the drawdown chart below to compare losses from any high point for CEA1.L and FRXT.L.
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Drawdown Indicators
| CEA1.L | FRXT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -28.86% | -5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -9.09% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -28.86% | +11.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.94% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -1.57% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -6.95% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.14% | +0.22% |
Volatility
CEA1.L vs. FRXT.L - Volatility Comparison
The current volatility for iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L) is 8.22%, while Franklin FTSE Taiwan UCITS ETF (FRXT.L) has a volatility of 9.21%. This indicates that CEA1.L experiences smaller price fluctuations and is considered to be less risky than FRXT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEA1.L | FRXT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 9.21% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 17.85% | -2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 22.19% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 20.73% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 20.73% | -2.20% |
CEA1.L vs. FRXT.L - Expense Ratio Comparison
CEA1.L has a 0.20% expense ratio, which is higher than FRXT.L's 0.19% 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. FRXT.L - Dividend Comparison
Neither CEA1.L nor FRXT.L has paid dividends to shareholders.
Frequently Asked Questions
CEA1.L and FRXT.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRXT.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRXT.L is cheaper with a 0.19% expense ratio, compared with 0.20% for CEA1.L.
CEA1.L tracks MSCI AC Asia Ex Japan NR USD, while FRXT.L tracks MSCI Taiwan NR USD. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for CEA1.L and 0.19% for FRXT.L.
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