FLPE.L vs. INFR.L
FLPE.L (Northern Trust Listed Private Equity UCITS ETF USD (Acc)) and INFR.L (iShares Global Infrastructure UCITS ETF USD (Dist)) are both exchange-traded funds - FLPE.L is a Global Equities fund tracking the MSCI World IMI Listed Private Equity Select (USD Net Total Return) Index, while INFR.L is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 3 years, FLPE.L returned 10.30%/yr vs 11.52%/yr for INFR.L. At a 0.29 correlation, their price movements are largely independent. FLPE.L charges 0.40%/yr vs 0.65%/yr for INFR.L.
Performance
FLPE.L vs. INFR.L - Performance Comparison
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Different Trading Currencies
FLPE.L is traded in GBP, while INFR.L is traded in GBp. To make them comparable, the INFR.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 -13.52% return, which is significantly lower than INFR.L's 14.16% return.
FLPE.L
- 1D
- -0.18%
- 1M
- -0.53%
- 6M
- -16.48%
- YTD
- -13.52%
- 1Y
- -17.64%
- 3Y*
- 10.30%
- 5Y*
- —
- 10Y*
- —
INFR.L
- 1D
- 0.98%
- 1M
- 3.34%
- 6M
- 12.26%
- YTD
- 14.16%
- 1Y
- 18.82%
- 3Y*
- 11.52%
- 5Y*
- 7.39%
- 10Y*
- 7.04%
FLPE.L vs. INFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLPE.L Northern Trust Listed Private Equity UCITS ETF USD (Acc) | -13.52% | -1.74% | 31.38% | 35.15% | -37.39% |
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 14.16% | 5.13% | 10.76% | -5.53% | 10.40% |
Correlation
The correlation between FLPE.L and INFR.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.29 |
The correlation between FLPE.L and INFR.L shifts across timeframes, from -0.05 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLPE.L vs. INFR.L — Risk / Return Rank
FLPE.L
INFR.L
FLPE.L vs. INFR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Listed Private Equity UCITS ETF USD (Acc) (FLPE.L) and iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.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 | INFR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.29 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 3.61 | -4.23 |
| Martin ratioReturn relative to average drawdown | -1.15 | 8.54 | -9.69 |
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Drawdowns
FLPE.L vs. INFR.L - Drawdown Comparison
The maximum FLPE.L drawdown since its inception was -43.46%, smaller than the maximum INFR.L drawdown of -64.87%. Use the drawdown chart below to compare losses from any high point for FLPE.L and INFR.L.
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Drawdown Indicators
| FLPE.L | INFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -64.87% | +21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -28.35% | -5.19% | -23.16% |
Max Drawdown (3Y)Largest decline over 3 years | -30.16% | -11.19% | -18.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.75% | — |
Current DrawdownCurrent decline from peak | -21.17% | -0.50% | -20.67% |
Average DrawdownAverage peak-to-trough decline | -20.81% | -24.36% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.30% | 2.20% | +13.10% |
Volatility
FLPE.L vs. INFR.L - Volatility Comparison
Northern Trust Listed Private Equity UCITS ETF USD (Acc) (FLPE.L) has a higher volatility of 5.99% compared to iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) at 3.35%. This indicates that FLPE.L's price experiences larger fluctuations and is considered to be riskier than INFR.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 | INFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 3.35% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 17.69% | 9.08% | +8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 10.99% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 12.32% | +13.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.09% | 13.96% | +12.13% |
FLPE.L vs. INFR.L - Expense Ratio Comparison
FLPE.L has a 0.40% expense ratio, which is lower than INFR.L's 0.65% expense ratio.
Dividends
FLPE.L vs. INFR.L - Dividend Comparison
FLPE.L has not paid dividends to shareholders, while INFR.L's dividend yield for the trailing twelve months is around 2.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLPE.L Northern Trust Listed Private Equity UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 2.01% | 2.25% | 2.32% | 2.43% | 2.05% | 1.89% | 2.21% | 2.15% | 2.27% | 2.72% | 2.57% | 3.09% |
Frequently Asked Questions
FLPE.L and INFR.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLPE.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLPE.L is cheaper with a 0.40% expense ratio, compared with 0.65% for INFR.L.
FLPE.L is categorized as Global Equities, while INFR.L is Utilities Equities. FLPE.L tracks MSCI World IMI Listed Private Equity Select (USD Net Total Return) Index, while INFR.L tracks FTSE Global Core Infrastructure Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.40% for FLPE.L and 0.65% for INFR.L.
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