FLKR vs. FLTW

Last updated Jun 24, 2026

FLKR (Franklin FTSE South Korea ETF) and FLTW (Franklin FTSE Taiwan ETF) are both Asia Pacific Equities funds from Franklin Templeton - FLKR tracks the FTSE South Korea RIC Capped Index while FLTW tracks the FTSE Taiwan RIC Capped Index. Both are passively managed. Over the past 5 years, FLKR returned 17.46%/yr vs 21.46%/yr for FLTW. A 0.70 correlation means they provide meaningful diversification when combined. FLKR charges 0.09%/yr vs 0.19%/yr for FLTW.

Performance

FLKR vs. FLTW - Performance Comparison

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

Returns By Period

In the year-to-date period, FLKR achieves a 97.22% return, which is significantly higher than FLTW's 69.07% return.

FLKR

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

FLTW

• 1D: -5.93%
• 1M: 8.95%
• YTD: 69.07%
• 6M: 72.09%
• 1Y: 109.94%
• 3Y*: 41.99%
• 5Y*: 21.46%
• 10Y*: —

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

FLKR vs. FLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FLTW Franklin FTSE Taiwan ETF	69.07%	32.00%	16.68%	30.05%	-27.51%	29.46%	29.77%	31.23%	-9.32%	-1.28%

Correlation

The correlation between FLKR and FLTW is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.70

The correlation between FLKR and FLTW has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.

FLKR vs. FLTW - Sectors Allocation Comparison

Sectors	FLKR	FLTW
Technology	62.9%	78.7%
Industrials	14.6%	3.3%
Financial Services	7.5%	11.2%
Consumer Cyclical	6.3%	1.5%
Healthcare	2.4%	0.6%
Communication Services	2.0%	1.4%
Basic Materials	1.9%	2.5%
Consumer Defensive	1.4%	0.7%
Energy	0.7%	0.1%
Utilities	0.3%	-
Real Estate	-	-

Return for Risk

FLKR vs. FLTW — Risk / Return Rank

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

FLKR

FLKR Risk / Return Rank: 92
FLKR Sharpe Ratio Rank: 95
FLKR Sortino Ratio Rank: 85
FLKR Omega Ratio Rank: 89
FLKR Calmar Ratio Rank: 95
FLKR Martin Ratio Rank: 94

FLTW

FLTW Risk / Return Rank: 94
FLTW Sharpe Ratio Rank: 96
FLTW Sortino Ratio Rank: 91
FLTW Omega Ratio Rank: 93
FLTW Calmar Ratio Rank: 97
FLTW Martin Ratio Rank: 95

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. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) and Franklin FTSE Taiwan ETF (FLTW). 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.

	FLKR	FLTW	Difference
Sharpe ratio: Return per unit of total volatility	3.71	3.80	-0.09
Sortino ratio: Return per unit of downside risk	3.60	4.09	-0.50
Omega ratio: Gain probability vs. loss probability	1.54	1.60	-0.06
Calmar ratio: Return relative to maximum drawdown	7.81	10.17	-2.35
Martin ratio: Return relative to average drawdown	26.91	30.39	-3.48

FLKR vs. FLTW - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 3.71, which is comparable to the FLTW Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of FLKR and FLTW, 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

FLKR vs. FLTW - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, which is greater than FLTW's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for FLKR and FLTW.

Drawdown Indicators

	FLKR	FLTW	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-38.00%	-12.06%
Max Drawdown (1Y) Largest decline over 1 year	-23.03%	-10.87%	-12.16%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-26.45%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-49.51%	-38.00%	-11.51%
Current Drawdown Current decline from peak	-12.51%	-5.93%	-6.58%
Average Drawdown Average peak-to-trough decline	-21.98%	-8.41%	-13.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	3.63%	+3.04%

Volatility

FLKR vs. FLTW - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 30.00% compared to Franklin FTSE Taiwan ETF (FLTW) at 16.14%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLKR	FLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.00%	16.14%	+13.86%
Volatility (6M) Calculated over the trailing 6-month period	45.17%	25.07%	+20.10%
Volatility (1Y) Calculated over the trailing 1-year period	48.46%	29.07%	+19.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.50%	23.23%	+7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.88%	22.20%	+6.68%

FLKR vs. FLTW - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than FLTW's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLKR vs. FLTW - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 1.86%, more than FLTW's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FLTW Franklin FTSE Taiwan ETF	1.42%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%	0.00%

Frequently Asked Questions

Can I hold both FLKR and FLTW in my portfolio?

FLKR and FLTW have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLKR or FLTW?

FLKR has higher volatility (30.00%) compared to FLTW (16.14%). In terms of maximum drawdown, FLKR dropped -50.06% vs FLTW's -38.00%.

Which ETF is better, FLKR or FLTW?

On 5-year performance, FLTW leads with 21.46% vs 17.46% for FLKR. On fees, FLKR is cheaper at 0.09% per year. On volatility, FLTW has been the lower-risk option at 16.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLKR or FLTW?

Over the 5-year period, FLTW has performed better with a 21.46% return vs 17.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLKR or FLTW?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.19% for FLTW.

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

FLKR has the higher dividend yield at 1.86%, compared with 1.42% for FLTW.

What is the main difference between FLKR and FLTW?

FLKR tracks FTSE South Korea RIC Capped Index, while FLTW tracks FTSE Taiwan RIC Capped Index. Their fees differ too: 0.09% for FLKR and 0.19% for FLTW.

Which has better risk-adjusted returns?

FLTW currently has the higher Sharpe Ratio (3.80 vs 3.71), 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.