FLPE.L vs. FLES.L
FLPE.L (Northern Trust Listed Private Equity UCITS ETF) and FLES.L (Franklin Euro Short Maturity UCITS ETF) are both Global Equities funds - FLPE.L tracks the Northern Trust Listed Private Equity UCITS ETF while FLES.L tracks the Franklin Euro Short Maturity UCITS ETF. Both are passively managed. Over the past 3 years, FLPE.L returned 10.46%/yr vs 2.78%/yr for FLES.L. At a 0.04 correlation, their price movements are largely independent.
Performance
FLPE.L vs. FLES.L - Performance Comparison
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Different Trading Currencies
FLPE.L is traded in GBP, while FLES.L is traded in EUR. To make them comparable, the FLES.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLPE.L achieves a -13.96% return, which is significantly lower than FLES.L's -1.89% return.
FLPE.L
- 1D
- -1.43%
- 1M
- -0.02%
- 6M
- -14.85%
- YTD
- -13.96%
- 1Y
- -15.94%
- 3Y*
- 10.46%
- 5Y*
- —
- 10Y*
- —
FLES.L
- 1D
- -0.55%
- 1M
- -1.80%
- 6M
- -1.28%
- YTD
- -1.89%
- 1Y
- -0.40%
- 3Y*
- 2.78%
- 5Y*
- 1.97%
- 10Y*
- —
FLPE.L vs. FLES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLPE.L Northern Trust Listed Private Equity UCITS ETF | -13.96% | -1.74% | 31.38% | 35.15% | -37.39% |
FLES.L Franklin Euro Short Maturity UCITS ETF | -1.89% | 7.85% | -0.52% | 1.23% | 6.46% |
Correlation
The correlation between FLPE.L and FLES.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.04 |
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Return for Risk
FLPE.L vs. FLES.L — Risk / Return Rank
FLPE.L
FLES.L
FLPE.L vs. FLES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Listed Private Equity UCITS ETF (FLPE.L) and Franklin Euro Short Maturity UCITS ETF (FLES.L). 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.
| FLPE.L | FLES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.99 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.13 | -0.44 |
| Martin ratioReturn relative to average drawdown | -1.06 | -0.35 | -0.71 |
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Drawdowns
FLPE.L vs. FLES.L - Drawdown Comparison
The maximum FLPE.L drawdown since its inception was -43.46%, which is greater than FLES.L's maximum drawdown of -10.70%. Use the drawdown chart below to compare losses from any high point for FLPE.L and FLES.L.
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Drawdown Indicators
| FLPE.L | FLES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -10.70% | -32.76% |
Max Drawdown (1Y)Largest decline over 1 year | -28.35% | -3.01% | -25.34% |
Max Drawdown (3Y)Largest decline over 3 years | -30.16% | -3.07% | -27.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.87% | — |
Current DrawdownCurrent decline from peak | -21.58% | -3.01% | -18.57% |
Average DrawdownAverage peak-to-trough decline | -20.81% | -4.40% | -16.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.26% | 1.15% | +14.11% |
Volatility
FLPE.L vs. FLES.L - Volatility Comparison
Northern Trust Listed Private Equity UCITS ETF (FLPE.L) has a higher volatility of 6.26% compared to Franklin Euro Short Maturity UCITS ETF (FLES.L) at 0.97%. This indicates that FLPE.L's price experiences larger fluctuations and is considered to be riskier than FLES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLPE.L | FLES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 0.97% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 17.73% | 2.70% | +15.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.61% | 4.02% | +17.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 5.44% | +20.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.11% | 6.28% | +19.83% |
Dividends
FLPE.L vs. FLES.L - Dividend Comparison
FLPE.L has not paid dividends to shareholders, while FLES.L's dividend yield for the trailing twelve months is around 1.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FLES.L Franklin Euro Short Maturity UCITS ETF | 1.92% | 2.62% | 2.55% | 1.20% | 0.26% |
FLPE.L Northern Trust Listed Private Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLPE.L and FLES.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLPE.L tracks Northern Trust Listed Private Equity UCITS ETF, while FLES.L tracks Franklin Euro Short Maturity UCITS ETF. They also come from different issuers: Northern Trust and Franklin.
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