FLKR vs. KMCA

Last updated Jul 16, 2026

FLKR (Franklin FTSE South Korea ETF) and KMCA (PLUS Korea Manufacturing Core Alliance Index ETF) are both South Korea Equities funds - FLKR tracks the FTSE South Korea RIC Capped Index while KMCA tracks the Akros Korea Manufacturing Core Alliance Index. Both are passively managed. Their correlation of 0.87 suggests significant overlap in exposure. FLKR charges 0.09%/yr vs 0.65%/yr for KMCA.

Performance

FLKR vs. KMCA - Performance Comparison

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

Returns By Period

FLKR

• 1D: -2.77%
• 1M: -17.05%
• 6M: 56.97%
• YTD: 76.07%
• 1Y: 135.11%
• 3Y*: 40.18%
• 5Y*: 15.51%
• 10Y*: —

KMCA

• 1D: -0.46%
• 1M: -25.82%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLKR vs. KMCA - Yearly Performance Comparison

	2026 (YTD)
FLKR Franklin FTSE South Korea ETF	-4.42%
KMCA PLUS Korea Manufacturing Core Alliance Index ETF	-20.32%

Correlation

The correlation between FLKR and KMCA is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.87

Return for Risk

FLKR vs. KMCA — Risk / Return Rank

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

FLKR

FLKR Risk / Return Rank: 90
FLKR Sharpe Ratio Rank: 93
FLKR Sortino Ratio Rank: 81
FLKR Omega Ratio Rank: 87
FLKR Calmar Ratio Rank: 95
FLKR Martin Ratio Rank: 92

KMCA

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.

FLKR vs. KMCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) and PLUS Korea Manufacturing Core Alliance Index ETF (KMCA). 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	KMCA	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	2.88	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	5.85	—	—
Martin ratio: Return relative to average drawdown	17.64	—	—

Drawdowns

FLKR vs. KMCA - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, which is greater than KMCA's maximum drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for FLKR and KMCA.

Drawdown Indicators

	FLKR	KMCA	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-26.25%	-23.81%
Max Drawdown (1Y) Largest decline over 1 year	-23.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-47.97%	—	—
Current Drawdown Current decline from peak	-21.90%	-25.88%	+3.98%
Average Drawdown Average peak-to-trough decline	-21.93%	-10.69%	-11.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.69%	—	—

Volatility

Volatility by Period

	FLKR	KMCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.63%	75.52%	-24.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.30%	75.52%	-44.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.29%	75.52%	-46.23%

FLKR vs. KMCA - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than KMCA's 0.65% expense ratio.

Dividends

FLKR vs. KMCA - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 2.62%, while KMCA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKR Franklin FTSE South Korea ETF	2.62%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%
KMCA PLUS Korea Manufacturing Core Alliance Index ETF	0.00%	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 FLKR and KMCA in my portfolio?

FLKR and KMCA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLKR or KMCA?

On fees, FLKR is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLKR or KMCA?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.65% for KMCA.

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

FLKR has the higher dividend yield at 2.62%, compared with 0.00% for KMCA.

What is the main difference between FLKR and KMCA?

FLKR tracks FTSE South Korea RIC Capped Index, while KMCA tracks Akros Korea Manufacturing Core Alliance Index. They also come from different issuers: Franklin Templeton and PLUS. Their fees differ too: 0.09% for FLKR and 0.65% for KMCA.