FDTS vs. FLKR

Last updated Jun 16, 2026

FDTS (First Trust Developed Markets ex-US Small Cap AlphaDEX Fund) and FLKR (Franklin FTSE South Korea ETF) are both exchange-traded funds - FDTS is a Foreign Small & Mid Cap Equities fund tracking the NASDAQ AlphaDEX DM Ex-US Small Cap Index, while FLKR is a Asia Pacific Equities fund tracking the FTSE South Korea RIC Capped Index. Both are passively managed. Over the past 5 years, FDTS returned 11.27%/yr vs 19.64%/yr for FLKR. A 0.54 correlation means they provide meaningful diversification when combined. FDTS charges 0.80%/yr vs 0.09%/yr for FLKR.

Performance

FDTS vs. FLKR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) and Franklin FTSE South Korea ETF (FLKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDTS achieves a 20.23% return, which is significantly lower than FLKR's 112.26% return.

FDTS

• 1D: 1.22%
• 1M: -0.96%
• YTD: 20.23%
• 6M: 21.36%
• 1Y: 46.49%
• 3Y*: 25.12%
• 5Y*: 11.27%
• 10Y*: 11.10%

FLKR

• 1D: 7.15%
• 1M: 17.17%
• YTD: 112.26%
• 6M: 128.12%
• 1Y: 212.42%
• 3Y*: 49.62%
• 5Y*: 19.64%
• 10Y*: —

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

FDTS vs. FLKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	20.23%	51.17%	2.44%	10.96%	-15.34%	11.79%	12.90%	18.71%	-23.71%	4.88%
FLKR Franklin FTSE South Korea ETF	112.26%	91.91%	-18.84%	19.16%	-27.50%	-7.54%	42.64%	8.88%	-21.30%	3.00%

Correlation

The correlation between FDTS and FLKR is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.54

The correlation between FDTS and FLKR shifts across timeframes, from 0.54 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

FDTS vs. FLKR - Sectors Allocation Comparison

Sectors	FDTS	FLKR
Industrials	22.2%	14.6%
Consumer Cyclical	18.9%	6.3%
Technology	14.1%	62.9%
Financial Services	11.9%	7.5%
Basic Materials	11.3%	1.9%
Consumer Defensive	4.7%	1.4%
Real Estate	4.3%	-
Energy	4.0%	0.7%
Communication Services	3.2%	2.0%
Healthcare	2.8%	2.4%
Utilities	2.7%	0.3%

Return for Risk

FDTS vs. FLKR — Risk / Return Rank

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

FDTS

FDTS Risk / Return Rank: 81
FDTS Sharpe Ratio Rank: 86
FDTS Sortino Ratio Rank: 83
FDTS Omega Ratio Rank: 83
FDTS Calmar Ratio Rank: 78
FDTS Martin Ratio Rank: 73

FLKR

FLKR Risk / Return Rank: 96
FLKR Sharpe Ratio Rank: 97
FLKR Sortino Ratio Rank: 93
FLKR Omega Ratio Rank: 94
FLKR Calmar Ratio Rank: 97
FLKR 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.

FDTS vs. FLKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) 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.

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.

	FDTS	FLKR	Difference
Sharpe ratio: Return per unit of total volatility	2.57	4.63	-2.06
Sortino ratio: Return per unit of downside risk	3.37	4.26	-0.89
Omega ratio: Gain probability vs. loss probability	1.45	1.63	-0.18
Calmar ratio: Return relative to maximum drawdown	3.71	9.29	-5.58
Martin ratio: Return relative to average drawdown	12.72	32.27	-19.55

FDTS vs. FLKR - Sharpe Ratio Comparison

The current FDTS Sharpe Ratio is 2.57, which is lower than the FLKR Sharpe Ratio of 4.63. The chart below compares the historical Sharpe Ratios of FDTS 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.

Drawdowns

FDTS vs. FLKR - Drawdown Comparison

The maximum FDTS drawdown since its inception was -51.26%, roughly equal to the maximum FLKR drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for FDTS and FLKR.

Drawdown Indicators

	FDTS	FLKR	Difference
Max Drawdown Largest peak-to-trough decline	-51.26%	-50.06%	-1.20%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-23.03%	+10.42%
Max Drawdown (3Y) Largest decline over 3 years	-13.19%	-26.39%	+13.20%
Max Drawdown (5Y) Largest decline over 5 years	-33.11%	-49.51%	+16.40%
Max Drawdown (10Y) Largest decline over 10 years	-51.26%	—	—
Current Drawdown Current decline from peak	-3.61%	-2.76%	-0.85%
Average Drawdown Average peak-to-trough decline	-10.64%	-22.02%	+11.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	6.61%	-2.94%

Volatility

FDTS vs. FLKR - Volatility Comparison

The current volatility for First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) is 8.52%, while Franklin FTSE South Korea ETF (FLKR) has a volatility of 26.71%. This indicates that FDTS 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.

Volatility by Period

	FDTS	FLKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	26.71%	-18.19%
Volatility (6M) Calculated over the trailing 6-month period	15.57%	42.52%	-26.95%
Volatility (1Y) Calculated over the trailing 1-year period	18.23%	46.33%	-28.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.43%	29.77%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.87%	28.47%	-3.60%

FDTS vs. FLKR - Expense Ratio Comparison

FDTS has a 0.80% expense ratio, which is higher than FLKR's 0.09% expense ratio.

Dividends

FDTS vs. FLKR - Dividend Comparison

FDTS's dividend yield for the trailing twelve months is around 2.50%, more than FLKR's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	2.50%	2.94%	3.94%	2.90%	3.71%	3.01%	2.02%	2.30%	1.96%	2.08%	1.78%	1.73%
FLKR Franklin FTSE South Korea ETF	1.82%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDTS and FLKR in my portfolio?

FDTS and FLKR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDTS or FLKR?

FLKR has higher volatility (26.71%) compared to FDTS (8.52%). In terms of maximum drawdown, FDTS dropped -51.26% vs FLKR's -50.06%.

Which ETF is better, FDTS or FLKR?

On 5-year performance, FLKR leads with 19.64% vs 11.27% for FDTS. On fees, FLKR is cheaper at 0.09% per year. On volatility, FDTS has been the lower-risk option at 8.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDTS or FLKR?

Over the 5-year period, FLKR has performed better with a 19.64% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDTS or FLKR?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.80% for FDTS.

Which ETF pays a higher dividend yield, FDTS or FLKR?

FDTS has the higher dividend yield at 2.50%, compared with 1.82% for FLKR.

What is the main difference between FDTS and FLKR?

FDTS is categorized as Foreign Small & Mid Cap Equities, while FLKR is Asia Pacific Equities. FDTS tracks NASDAQ AlphaDEX DM Ex-US Small Cap Index, while FLKR tracks FTSE South Korea RIC Capped Index. They also come from different issuers: First Trust and Franklin Templeton. Their fees differ too: 0.80% for FDTS and 0.09% for FLKR.

Which has better risk-adjusted returns?

FLKR currently has the higher Sharpe Ratio (4.63 vs 2.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.