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FLKR vs. EWZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLKR vs. EWZ

Last updated Aug 1, 2026
Documentation

FLKR (Franklin FTSE South Korea ETF) and EWZ (iShares MSCI Brazil ETF) are both exchange-traded funds - FLKR is a South Korea Equities fund tracking the FTSE South Korea RIC Capped Index, while EWZ is a Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 5 years, FLKR returned 14.07%/yr vs 7.67%/yr for EWZ. Their 0.43 correlation means their historical movements had little consistent relationship. FLKR charges 0.09%/yr vs 0.59%/yr for EWZ.

Performance

FLKR vs. EWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE South Korea ETF (FLKR) and iShares MSCI Brazil ETF (EWZ). 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 61.37% return, which is significantly higher than EWZ's 16.46% return.

FLKR

1D
-2.28%
1M
-15.74%
6M
29.07%
YTD
61.37%
1Y
117.49%
3Y*
35.68%
5Y*
14.07%
10Y*
—
ALL TIME*
11.21%

EWZ

1D
0.33%
1M
7.23%
6M
-0.11%
YTD
16.46%
1Y
44.24%
3Y*
9.53%
5Y*
7.67%
10Y*
6.64%
ALL TIME*
6.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EWZ

iShares MSCI Brazil ETF
$598.51M$637.15M$833.60M

FLKR

Franklin FTSE South Korea ETF
$43.49M$47.84M$51.57M

FLKR vs. EWZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLKR
Franklin FTSE South Korea ETF		61.37%91.91%-18.84%19.16%-27.50%-7.54%42.64%8.88%-21.30%3.00%
EWZ
iShares MSCI Brazil ETF		16.46%48.81%-30.41%32.62%12.09%-17.32%-20.35%27.67%-2.52%4.00%

Correlation

The correlation between FLKR and EWZ is 0.45, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.45

Correlation (3Y)
Balances recent behavior with more history.

0.44

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.41

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

0.43

FLKR vs. EWZ - Sectors Allocation Comparison

Sectors
FLKR
EWZ

Technology

51.7%
0.4%

Industrials

16.2%
11.6%

Financial Services

12.5%
34.5%

Consumer Cyclical

7.4%
1.4%

Healthcare

3.4%
2.2%

Basic Materials

2.9%
14.5%

Communication Services

2.4%
2.1%

Consumer Defensive

2.3%
4.7%

Energy

0.7%
15.1%

Utilities

0.4%
13.5%

Real Estate

-

-

Technology

FLKR
51.7%
EWZ
0.4%

Industrials

FLKR
16.2%
EWZ
11.6%

Financial Services

FLKR
12.5%
EWZ
34.5%

Consumer Cyclical

FLKR
7.4%
EWZ
1.4%

Healthcare

FLKR
3.4%
EWZ
2.2%

Basic Materials

FLKR
2.9%
EWZ
14.5%

Communication Services

FLKR
2.4%
EWZ
2.1%

Consumer Defensive

FLKR
2.3%
EWZ
4.7%

Energy

FLKR
0.7%
EWZ
15.1%

Utilities

FLKR
0.4%
EWZ
13.5%

Real Estate

FLKR

-

EWZ

-

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 Brazil ETF

Often compared with FLKR:
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Often compared with EWZ:
EWZ vs. EWZSEWZ vs. SPYEWZ vs. FLBREWZ vs. ILFEWZ vs. EWWEWZ vs. IBZL.LEWZ vs. ARGT

Return for Risk

FLKR vs. EWZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FLKR
FLKR Risk / Return Rank: 8585
Overall Rank
FLKR Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FLKR Sortino Ratio Rank: 8080
Sortino Ratio Rank
FLKR Omega Ratio Rank: 8484
Omega Ratio Rank
FLKR Calmar Ratio Rank: 8787
Calmar Ratio Rank
FLKR Martin Ratio Rank: 8686
Martin Ratio Rank
EWZ
EWZ Risk / Return Rank: 6868
Overall Rank
EWZ Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EWZ Sortino Ratio Rank: 7474
Sortino Ratio Rank
EWZ Omega Ratio Rank: 7373
Omega Ratio Rank
EWZ Calmar Ratio Rank: 6767
Calmar Ratio Rank
EWZ Martin Ratio Rank: 4949
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLKR vs. EWZ - Risk-Adjusted Trends Comparison

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

FLKREWZDifference
Sharpe ratioReturn per unit of total volatility
2.21
1.77

+0.44

Sortino ratioReturn per unit of downside risk
2.56
2.36

+0.20

Omega ratioGain probability vs. loss probability

1.36

1.30

+0.06

Calmar ratioReturn relative to maximum drawdown

3.46

2.31

+1.15

Martin ratioReturn relative to average drawdown

12.27

5.64

+6.63

FLKR vs. EWZ - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 2.21, which is comparable to the EWZ Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FLKR and EWZ, 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. EWZ - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for FLKR and EWZ.

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Drawdown Indicators

FLKREWZDifference

Max Drawdown

Largest peak-to-trough decline

-50.06%

-77.25%

+27.19%

Max Drawdown (1Y)

Largest decline over 1 year

-34.17%

-19.27%

-14.90%

Max Drawdown (3Y)

Largest decline over 3 years

-34.17%

-31.36%

-2.81%

Max Drawdown (5Y)

Largest decline over 5 years

-47.97%

-32.24%

-15.73%

Max Drawdown (10Y)

Largest decline over 10 years

—

-56.99%

—

Current Drawdown

Current decline from peak

-28.42%

-18.89%

-9.53%

Average Drawdown

Average peak-to-trough decline

-21.96%

-35.86%

+13.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.61%

7.86%

+1.75%

Volatility

FLKR vs. EWZ - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 21.39% compared to iShares MSCI Brazil ETF (EWZ) at 6.69%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLKREWZDifference

Volatility (1M)

Calculated over the trailing 1-month period

21.39%

6.69%

+14.70%

Volatility (6M)

Calculated over the trailing 6-month period

50.33%

19.32%

+31.01%

Volatility (1Y)

Calculated over the trailing 1-year period

53.42%

25.12%

+28.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.16%

27.46%

+4.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.79%

33.90%

-4.11%

FLKR vs. EWZ - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than EWZ's 0.59% expense ratio.

Dividends

FLKR vs. EWZ - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 2.86%, less than EWZ's 3.99% yield.

PositionTTM20252024202320222021202020192018201720162015
EWZ
iShares MSCI Brazil ETF		3.99%5.19%8.91%5.66%12.59%9.87%1.71%2.54%2.89%1.71%1.81%4.08%
FLKR
Franklin FTSE South Korea ETF		2.86%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 EWZ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLKR has higher volatility (21.39%) compared to EWZ (6.69%). In terms of maximum drawdown, FLKR dropped -50.06% vs EWZ's -77.25%.

On 5-year performance, FLKR leads with 14.07% vs 7.67% for EWZ. On fees, FLKR is cheaper at 0.09% per year. On volatility, EWZ has been the lower-risk option at 6.69%. 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 14.07% return vs 7.67%. 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 0.59% for EWZ.

EWZ has the higher dividend yield at 3.99%, compared with 2.86% for FLKR.

FLKR is categorized as South Korea Equities, while EWZ is Latin America Equities. FLKR tracks FTSE South Korea RIC Capped Index, while EWZ tracks MSCI Brazil 25/50 Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLKR and 0.59% for EWZ.

FLKR currently has the higher Sharpe Ratio (2.21 vs 1.77), 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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