ESGS.L vs. FLXK.L

Last updated Jul 16, 2026

ESGS.L (Invesco MSCI USA Universal Screened UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - ESGS.L tracks the Invesco MSCI USA Universal Screened UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, ESGS.L returned 12.45%/yr vs 16.47%/yr for FLXK.L. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.

Performance

ESGS.L vs. FLXK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI USA Universal Screened UCITS ETF (ESGS.L) and Franklin FTSE Korea UCITS ETF (FLXK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESGS.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, ESGS.L achieves a 10.62% return, which is significantly lower than FLXK.L's 77.73% return.

ESGS.L

• 1D: -0.42%
• 1M: -1.16%
• 6M: 9.99%
• YTD: 10.62%
• 1Y: 20.69%
• 3Y*: 18.46%
• 5Y*: 12.45%
• 10Y*: —

FLXK.L

• 1D: 0.00%
• 1M: -18.91%
• 6M: 58.85%
• YTD: 77.73%
• 1Y: 143.02%
• 3Y*: 38.65%
• 5Y*: 16.47%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ESGS.L Invesco MSCI USA Universal Screened UCITS ETF	10.62%	7.44%	26.67%	21.17%	-12.52%	30.30%	19.47%	-14.12%
FLXK.L Franklin FTSE Korea UCITS ETF	77.73%	80.91%	-20.26%	14.73%	-19.45%	-5.96%	42.98%	6.89%

Correlation

The correlation between ESGS.L and FLXK.L is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.50

The correlation between ESGS.L and FLXK.L has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.

Return for Risk

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

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

ESGS.L

ESGS.L Risk / Return Rank: 71
ESGS.L Sharpe Ratio Rank: 75
ESGS.L Sortino Ratio Rank: 73
ESGS.L Omega Ratio Rank: 74
ESGS.L Calmar Ratio Rank: 67
ESGS.L Martin Ratio Rank: 65

FLXK.L

FLXK.L Risk / Return Rank: 92
FLXK.L Sharpe Ratio Rank: 96
FLXK.L Sortino Ratio Rank: 88
FLXK.L Omega Ratio Rank: 90
FLXK.L Calmar Ratio Rank: 95
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA Universal Screened UCITS ETF (ESGS.L) and Franklin FTSE Korea UCITS ETF (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.

	ESGS.L	FLXK.L	Difference
Sharpe ratio: Return per unit of total volatility	1.92	3.27	-1.35
Sortino ratio: Return per unit of downside risk	2.64	3.37	-0.74
Omega ratio: Gain probability vs. loss probability	1.35	1.48	-0.13
Calmar ratio: Return relative to maximum drawdown	2.71	5.83	-3.11
Martin ratio: Return relative to average drawdown	9.33	18.65	-9.32

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

The current ESGS.L Sharpe Ratio is 1.92, which is lower than the FLXK.L Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of ESGS.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

ESGS.L vs. FLXK.L - Drawdown Comparison

The maximum ESGS.L drawdown since its inception was -29.04%, smaller than the maximum FLXK.L drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for ESGS.L and FLXK.L.

Drawdown Indicators

	ESGS.L	FLXK.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.04%	-41.70%	+12.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.16%	-24.62%	+16.46%
Max Drawdown (3Y) Largest decline over 3 years	-21.65%	-28.10%	+6.45%
Max Drawdown (5Y) Largest decline over 5 years	-21.65%	-37.51%	+15.86%
Current Drawdown Current decline from peak	-2.34%	-24.62%	+22.28%
Average Drawdown Average peak-to-trough decline	-6.91%	-17.71%	+10.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	7.71%	-5.33%

Volatility

ESGS.L vs. FLXK.L - Volatility Comparison

The current volatility for Invesco MSCI USA Universal Screened UCITS ETF (ESGS.L) is 3.72%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.77%. This indicates that ESGS.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

	ESGS.L	FLXK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	19.77%	-16.05%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	40.39%	-31.83%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	43.92%	-32.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	27.97%	-7.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.42%	28.13%	-6.71%

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

Both ESGS.L and FLXK.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ESGS.L vs. FLXK.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

ESGS.L and FLXK.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

ESGS.L and FLXK.L have the same expense ratio: 0.09% per year.

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

ESGS.L tracks Invesco MSCI USA Universal Screened UCITS ETF, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: Invesco and Franklin.