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FLKR vs. EPP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLKR vs. EPP

Last updated Jun 24, 2026

FLKR (Franklin FTSE South Korea ETF) and EPP (iShares MSCI Pacific ex Japan ETF) are both Asia Pacific Equities funds - FLKR tracks the FTSE South Korea RIC Capped Index while EPP tracks the MSCI Pacific ex-Japan Index. Both are passively managed. Over the past 5 years, FLKR returned 17.46%/yr vs 4.60%/yr for EPP. A 0.67 correlation means they provide meaningful diversification when combined. FLKR charges 0.09%/yr vs 0.48%/yr for EPP.

Performance

FLKR vs. EPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE South Korea ETF (FLKR) and iShares MSCI Pacific ex Japan ETF (EPP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLKR achieves a 97.22% return, which is significantly higher than EPP's 6.84% return.

FLKR

1D
-12.51%
1M
7.54%
YTD
97.22%
6M
107.52%
1Y
178.78%
3Y*
48.47%
5Y*
17.46%
10Y*
—

EPP

1D
-1.34%
1M
-1.93%
YTD
6.84%
6M
5.29%
1Y
13.95%
3Y*
12.66%
5Y*
4.60%
10Y*
7.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLKR vs. EPP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLKR
Franklin FTSE South Korea ETF		97.22%91.91%-18.84%19.16%-27.50%-7.54%42.64%8.88%-21.30%3.00%
EPP
iShares MSCI Pacific ex Japan ETF		6.84%19.70%4.76%5.76%-6.59%4.26%6.04%18.30%-10.78%4.16%

Correlation

The correlation between FLKR and EPP is 0.56, 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

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.67

The correlation between FLKR and EPP shifts across timeframes, from 0.56 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

FLKR vs. EPP - Sectors Allocation Comparison

Sectors
FLKR
EPP

Technology

62.9%
1.0%

Industrials

14.6%
8.5%

Financial Services

7.5%
44.9%

Consumer Cyclical

6.3%
6.2%

Healthcare

2.4%
3.3%

Communication Services

2.0%
2.6%

Basic Materials

1.9%
17.0%

Consumer Defensive

1.4%
2.9%

Energy

0.7%
2.7%

Utilities

0.3%
3.5%

Real Estate

-

7.4%

Technology

FLKR
62.9%
EPP
1.0%

Industrials

FLKR
14.6%
EPP
8.5%

Financial Services

FLKR
7.5%
EPP
44.9%

Consumer Cyclical

FLKR
6.3%
EPP
6.2%

Healthcare

FLKR
2.4%
EPP
3.3%

Communication Services

FLKR
2.0%
EPP
2.6%

Basic Materials

FLKR
1.9%
EPP
17.0%

Consumer Defensive

FLKR
1.4%
EPP
2.9%

Energy

FLKR
0.7%
EPP
2.7%

Utilities

FLKR
0.3%
EPP
3.5%

Real Estate

FLKR

-

EPP
7.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin FTSE South Korea ETF

iShares MSCI Pacific ex Japan ETF

Often compared with FLKR:
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Often compared with EPP:
EPP vs. EWTEPP vs. AAXJEPP vs. BBAXEPP vs. EWHEPP vs. AIAEPP vs. EWYEPP vs. VPL

Return for Risk

FLKR vs. EPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLKR
FLKR Risk / Return Rank: 9292
Overall Rank
FLKR Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
FLKR Sortino Ratio Rank: 8585
Sortino Ratio Rank
FLKR Omega Ratio Rank: 8989
Omega Ratio Rank
FLKR Calmar Ratio Rank: 9595
Calmar Ratio Rank
FLKR Martin Ratio Rank: 9494
Martin Ratio Rank
EPP
EPP Risk / Return Rank: 2929
Overall Rank
EPP Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
EPP Sortino Ratio Rank: 2626
Sortino Ratio Rank
EPP Omega Ratio Rank: 2626
Omega Ratio Rank
EPP Calmar Ratio Rank: 3434
Calmar Ratio Rank
EPP Martin Ratio Rank: 3434
Martin Ratio Rank
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.

FLKR vs. EPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) and iShares MSCI Pacific ex Japan ETF (EPP). 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.

FLKREPPDifference
Sharpe ratioReturn per unit of total volatility
3.71
0.92

+2.79

Sortino ratioReturn per unit of downside risk
3.60
1.36

+2.23

Omega ratioGain probability vs. loss probability

1.54

1.17

+0.37

Calmar ratioReturn relative to maximum drawdown

7.81

1.59

+6.22

Martin ratioReturn relative to average drawdown

26.91

4.68

+22.23

FLKR vs. EPP - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 3.71, which is higher than the EPP Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FLKR and EPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FLKR vs. EPP - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, smaller than the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for FLKR and EPP.

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Drawdown Indicators

FLKREPPDifference

Max Drawdown

Largest peak-to-trough decline

-50.06%

-66.01%

+15.95%

Max Drawdown (1Y)

Largest decline over 1 year

-23.03%

-8.79%

-14.24%

Max Drawdown (3Y)

Largest decline over 3 years

-26.39%

-19.29%

-7.10%

Max Drawdown (5Y)

Largest decline over 5 years

-49.51%

-24.79%

-24.72%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.30%

—

Current Drawdown

Current decline from peak

-12.51%

-5.22%

-7.29%

Average Drawdown

Average peak-to-trough decline

-21.98%

-10.61%

-11.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.67%

2.99%

+3.68%

Volatility

FLKR vs. EPP - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 30.00% compared to iShares MSCI Pacific ex Japan ETF (EPP) at 5.38%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than EPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLKREPPDifference

Volatility (1M)

Calculated over the trailing 1-month period

30.00%

5.38%

+24.62%

Volatility (6M)

Calculated over the trailing 6-month period

45.17%

12.79%

+32.38%

Volatility (1Y)

Calculated over the trailing 1-year period

48.46%

15.18%

+33.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.50%

17.52%

+12.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.88%

19.06%

+9.82%

FLKR vs. EPP - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than EPP's 0.48% expense ratio.

Dividends

FLKR vs. EPP - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 1.86%, less than EPP's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
EPP
iShares MSCI Pacific ex Japan ETF		3.52%3.77%3.81%4.10%4.37%4.58%2.28%3.89%5.00%4.15%3.96%4.90%
FLKR
Franklin FTSE South Korea ETF		1.86%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

FLKR and EPP have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLKR has higher volatility (30.00%) compared to EPP (5.38%). In terms of maximum drawdown, FLKR dropped -50.06% vs EPP's -66.01%.

On 5-year performance, FLKR leads with 17.46% vs 4.60% for EPP. On fees, FLKR is cheaper at 0.09% per year. On volatility, EPP has been the lower-risk option at 5.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLKR has performed better with a 17.46% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLKR is cheaper with a 0.09% expense ratio, compared with 0.48% for EPP.

EPP has the higher dividend yield at 3.52%, compared with 1.86% for FLKR.

FLKR tracks FTSE South Korea RIC Capped Index, while EPP tracks MSCI Pacific ex-Japan Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLKR and 0.48% for EPP.

FLKR currently has the higher Sharpe Ratio (3.71 vs 0.92), 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.

Portfolio Optimizer

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