FLAX vs. PRXV

Last updated Jun 24, 2026

FLAX (Franklin FTSE Asia ex Japan ETF) and PRXV (Praxis Impact Large Cap Value ETF) are both exchange-traded funds - FLAX is a Asia Pacific Equities fund tracking the FTSE Asia ex Japan RIC Capped Index, while PRXV is a Large Cap Value Equities fund actively managed by Praxis. FLAX is passively managed, while PRXV is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. FLAX charges 0.19%/yr vs 0.36%/yr for PRXV.

Performance

FLAX vs. PRXV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Asia ex Japan ETF (FLAX) and Praxis Impact Large Cap Value ETF (PRXV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLAX

• 1D: -5.68%
• 1M: 2.36%
• YTD: 24.30%
• 6M: 25.58%
• 1Y: 48.51%
• 3Y*: 23.90%
• 5Y*: 7.35%
• 10Y*: —

PRXV

• 1D: -0.29%
• 1M: 3.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLAX vs. PRXV - Yearly Performance Comparison

	2026 (YTD)
FLAX Franklin FTSE Asia ex Japan ETF	7.90%
PRXV Praxis Impact Large Cap Value ETF	6.54%

Correlation

The correlation between FLAX and PRXV is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 20, 2026	0.53

Return for Risk

FLAX vs. PRXV — Risk / Return Rank

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

FLAX

FLAX Risk / Return Rank: 75
FLAX Sharpe Ratio Rank: 74
FLAX Sortino Ratio Rank: 66
FLAX Omega Ratio Rank: 78
FLAX Calmar Ratio Rank: 78
FLAX Martin Ratio Rank: 78

PRXV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FLAX vs. PRXV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex Japan ETF (FLAX) and Praxis Impact Large Cap Value ETF (PRXV). 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.

	FLAX	PRXV	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	2.83	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.75	—	—
Martin ratio: Return relative to average drawdown	13.91	—	—

Drawdowns

FLAX vs. PRXV - Drawdown Comparison

The maximum FLAX drawdown since its inception was -42.51%, which is greater than PRXV's maximum drawdown of -1.41%. Use the drawdown chart below to compare losses from any high point for FLAX and PRXV.

Drawdown Indicators

	FLAX	PRXV	Difference
Max Drawdown Largest peak-to-trough decline	-42.51%	-1.41%	-41.10%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.64%	—	—
Current Drawdown Current decline from peak	-5.68%	-0.29%	-5.39%
Average Drawdown Average peak-to-trough decline	-15.34%	-0.41%	-14.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	—	—

Volatility

Volatility by Period

	FLAX	PRXV	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.02%	10.64%	+11.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.66%	10.64%	+9.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	10.64%	+9.62%

FLAX vs. PRXV - Expense Ratio Comparison

FLAX has a 0.19% expense ratio, which is lower than PRXV's 0.36% expense ratio.

Dividends

FLAX vs. PRXV - Dividend Comparison

FLAX's dividend yield for the trailing twelve months is around 1.46%, while PRXV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLAX Franklin FTSE Asia ex Japan ETF	1.46%	2.37%	3.12%	2.20%	2.86%	2.38%	1.57%	2.23%	2.35%
PRXV Praxis Impact Large Cap Value ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLAX and PRXV in my portfolio?

FLAX and PRXV have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLAX or PRXV?

On fees, FLAX is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLAX or PRXV?

FLAX is cheaper with a 0.19% expense ratio, compared with 0.36% for PRXV.

Which ETF pays a higher dividend yield, FLAX or PRXV?

FLAX has the higher dividend yield at 1.46%, compared with 0.00% for PRXV.

What is the main difference between FLAX and PRXV?

FLAX is categorized as Asia Pacific Equities, while PRXV is Large Cap Value Equities. They also come from different issuers: Franklin Templeton and Praxis. Their fees differ too: 0.19% for FLAX and 0.36% for PRXV.