CSKR.L vs. FLRK.L

Last updated Jun 5, 2026

CSKR.L (iShares MSCI Korea UCITS ETF (Acc)) and FLRK.L (Franklin FTSE Korea UCITS ETF) are both Asia Pacific Equities funds tracking the MSCI Korea NR USD, from iShares and Franklin Templeton respectively. Both are passively managed. Over the past 5 years, CSKR.L returned 18.48%/yr vs 19.36%/yr for FLRK.L. Their correlation of 0.87 suggests significant overlap in exposure. CSKR.L charges 0.65%/yr vs 0.09%/yr for FLRK.L.

Performance

CSKR.L vs. FLRK.L - Performance Comparison

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

Different Trading Currencies

CSKR.L is traded in USD, while FLRK.L is traded in GBP. To make them comparable, the FLRK.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with CSKR.L having a 106.37% return and FLRK.L slightly higher at 110.66%.

CSKR.L

• 1D: -4.80%
• 1M: 15.77%
• YTD: 106.37%
• 6M: 126.95%
• 1Y: 232.60%
• 3Y*: 49.13%
• 5Y*: 18.48%
• 10Y*: 17.00%

FLRK.L

• 1D: -5.01%
• 1M: 18.11%
• YTD: 110.66%
• 6M: 131.16%
• 1Y: 230.99%
• 3Y*: 50.14%
• 5Y*: 19.36%
• 10Y*: —

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

CSKR.L vs. FLRK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CSKR.L iShares MSCI Korea UCITS ETF (Acc)	106.37%	99.44%	-22.66%	19.75%	-28.52%	-8.24%	44.24%	14.31%
FLRK.L Franklin FTSE Korea UCITS ETF	110.66%	95.84%	-21.88%	20.19%	-27.99%	-6.76%	46.97%	-10.36%

Correlation

The correlation between CSKR.L and FLRK.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019	0.87

The correlation between CSKR.L and FLRK.L shifts across timeframes, from 0.87 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.

CSKR.L vs. FLRK.L - Sectors Allocation Comparison

Sectors	CSKR.L	FLRK.L
Technology	58.7%	57.4%
Industrials	16.9%	17.7%
Financial Services	8.8%	8.7%
Consumer Cyclical	6.4%	5.5%
Healthcare	2.7%	3.0%
Communication Services	2.3%	2.3%
Basic Materials	1.7%	2.4%
Consumer Defensive	1.2%	1.7%
Energy	0.9%	0.9%
Utilities	0.3%	0.4%
Real Estate	-	-

Return for Risk

CSKR.L vs. FLRK.L — Risk / Return Rank

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

CSKR.L

CSKR.L Risk / Return Rank: 97
CSKR.L Sharpe Ratio Rank: 98
CSKR.L Sortino Ratio Rank: 96
CSKR.L Omega Ratio Rank: 96
CSKR.L Calmar Ratio Rank: 97
CSKR.L Martin Ratio Rank: 96

FLRK.L

FLRK.L Risk / Return Rank: 97
FLRK.L Sharpe Ratio Rank: 98
FLRK.L Sortino Ratio Rank: 96
FLRK.L Omega Ratio Rank: 97
FLRK.L Calmar Ratio Rank: 97
FLRK.L Martin Ratio Rank: 96

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.

CSKR.L vs. FLRK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) and Franklin FTSE Korea UCITS ETF (FLRK.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.

	CSKR.L	FLRK.L	Difference
Sharpe ratio: Return per unit of total volatility	5.87	5.88	-0.01
Sortino ratio: Return per unit of downside risk	5.41	5.49	-0.08
Omega ratio: Gain probability vs. loss probability	1.79	1.79	0.00
Calmar ratio: Return relative to maximum drawdown	9.97	10.10	-0.12
Martin ratio: Return relative to average drawdown	37.50	37.96	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSKR.L vs. FLRK.L - Sharpe Ratio Comparison

The current CSKR.L Sharpe Ratio is 5.87, which is comparable to the FLRK.L Sharpe Ratio of 5.88. The chart below compares the historical Sharpe Ratios of CSKR.L and FLRK.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.

Sharpe Ratios by Period

	CSKR.L	FLRK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.87	5.88	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.70	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.66	-0.11

Drawdowns

CSKR.L vs. FLRK.L - Drawdown Comparison

The maximum CSKR.L drawdown since its inception was -50.88%, roughly equal to the maximum FLRK.L drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for CSKR.L and FLRK.L.

Drawdown Indicators

	CSKR.L	FLRK.L	Difference
Max Drawdown Largest peak-to-trough decline	-50.88%	-49.35%	-1.53%
Max Drawdown (1Y) Largest decline over 1 year	-23.16%	-22.72%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-29.22%	-28.34%	-0.88%
Max Drawdown (5Y) Largest decline over 5 years	-49.14%	-48.15%	-0.99%
Max Drawdown (10Y) Largest decline over 10 years	-50.88%	—	—
Current Drawdown Current decline from peak	-5.91%	-5.92%	+0.01%
Average Drawdown Average peak-to-trough decline	-21.48%	-22.11%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.17%	6.06%	+0.11%

Volatility

CSKR.L vs. FLRK.L - Volatility Comparison

iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) and Franklin FTSE Korea UCITS ETF (FLRK.L) have volatilities of 18.32% and 18.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSKR.L	FLRK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.32%	18.80%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	34.47%	34.42%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	39.40%	39.09%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.89%	27.59%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.26%	29.25%	+0.01%

CSKR.L vs. FLRK.L - Expense Ratio Comparison

CSKR.L has a 0.65% expense ratio, which is higher than FLRK.L's 0.09% expense ratio.

Dividends

CSKR.L vs. FLRK.L - Dividend Comparison

Neither CSKR.L nor FLRK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSKR.L and FLRK.L in my portfolio?

With a correlation of 0.98, CSKR.L and FLRK.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CSKR.L or FLRK.L?

On fees, FLRK.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, CSKR.L or FLRK.L?

FLRK.L is cheaper with a 0.09% expense ratio, compared with 0.65% for CSKR.L.

What is the main difference between CSKR.L and FLRK.L?

Both ETFs track MSCI Korea NR USD. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.65% for CSKR.L and 0.09% for FLRK.L.