DBX8.DE vs. FLXK.DE
DBX8.DE (Xtrackers MSCI Korea UCITS ETF 1C) and FLXK.DE (Franklin FTSE Korea UCITS ETF) are both Asia Pacific Equities funds - DBX8.DE tracks the MSCI Korea 20/35 Custom while FLXK.DE tracks the FTSE Korea 30/18 Capped. Both are passively managed. Over the past 5 years, DBX8.DE returned 19.70%/yr vs 20.42%/yr for FLXK.DE. With a 0.98 correlation, they move nearly in lockstep. DBX8.DE charges 0.45%/yr vs 0.09%/yr for FLXK.DE.
Performance
DBX8.DE vs. FLXK.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DBX8.DE having a 109.21% return and FLXK.DE slightly higher at 113.07%.
DBX8.DE
- 1D
- -5.08%
- 1M
- 16.35%
- YTD
- 109.21%
- 6M
- 127.53%
- 1Y
- 227.59%
- 3Y*
- 45.04%
- 5Y*
- 19.70%
- 10Y*
- 16.74%
FLXK.DE
- 1D
- -5.45%
- 1M
- 13.51%
- YTD
- 113.07%
- 6M
- 125.49%
- 1Y
- 216.17%
- 3Y*
- 46.07%
- 5Y*
- 20.42%
- 10Y*
- —
DBX8.DE vs. FLXK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBX8.DE Xtrackers MSCI Korea UCITS ETF 1C | 109.21% | 77.39% | -18.45% | 15.93% | -23.95% | -0.54% | 30.13% | 15.77% |
FLXK.DE Franklin FTSE Korea UCITS ETF | 113.07% | 73.17% | -17.06% | 16.74% | -23.45% | 0.14% | 34.15% | 14.19% |
Correlation
The correlation between DBX8.DE and FLXK.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2019 | 0.98 |
The correlation between DBX8.DE and FLXK.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
DBX8.DE vs. FLXK.DE — Risk / Return Rank
DBX8.DE
FLXK.DE
DBX8.DE vs. FLXK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Korea UCITS ETF 1C (DBX8.DE) and Franklin FTSE Korea UCITS ETF (FLXK.DE). 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.
| DBX8.DE | FLXK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.79 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 10.67 | 10.68 | -0.02 |
| Martin ratioReturn relative to average drawdown | 32.63 | 38.63 | -6.00 |
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
| DBX8.DE | FLXK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.17 | 5.91 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.80 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.84 | -0.54 |
Drawdowns
DBX8.DE vs. FLXK.DE - Drawdown Comparison
The maximum DBX8.DE drawdown since its inception was -68.01%, which is greater than FLXK.DE's maximum drawdown of -39.43%. Use the drawdown chart below to compare losses from any high point for DBX8.DE and FLXK.DE.
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Drawdown Indicators
| DBX8.DE | FLXK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.01% | -39.43% | -28.58% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -20.92% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -30.70% | -29.99% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -41.29% | -39.36% | -1.93% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | — | — |
Current DrawdownCurrent decline from peak | -5.82% | -5.90% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -17.55% | -15.54% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 5.80% | +1.14% |
Volatility
DBX8.DE vs. FLXK.DE - Volatility Comparison
Xtrackers MSCI Korea UCITS ETF 1C (DBX8.DE) and Franklin FTSE Korea UCITS ETF (FLXK.DE) have volatilities of 17.08% and 17.58%, 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.
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Volatility by Period
| DBX8.DE | FLXK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.08% | 17.58% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 33.48% | 33.23% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.73% | 37.87% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.53% | 25.35% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 26.75% | -0.72% |
DBX8.DE vs. FLXK.DE - Expense Ratio Comparison
DBX8.DE has a 0.45% expense ratio, which is higher than FLXK.DE's 0.09% expense ratio.
Dividends
DBX8.DE vs. FLXK.DE - Dividend Comparison
Neither DBX8.DE nor FLXK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, DBX8.DE and FLXK.DE 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.
On fees, FLXK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.DE is cheaper with a 0.09% expense ratio, compared with 0.45% for DBX8.DE.
DBX8.DE tracks MSCI Korea 20/35 Custom, while FLXK.DE tracks FTSE Korea 30/18 Capped. They also come from different issuers: Xtrackers and Franklin Templeton. Their fees differ too: 0.45% for DBX8.DE and 0.09% for FLXK.DE.
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