FLQA.L vs. FLXK.L
FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc)) and FLXK.L (Franklin FTSE Korea UCITS ETF USD (Acc)) are both exchange-traded funds - FLQA.L is a Asia Pacific Equities fund tracking the Linked FTSE Asia ex Japan ex China Index - Net Return, while FLXK.L is a South Korea Equities fund tracking the FTSE Korea 30/18 Capped Index (Net Return). Both are passively managed. Over the past 5 years, FLQA.L returned 12.63%/yr vs 15.68%/yr for FLXK.L. Their correlation of 0.80 suggests significant overlap in exposure. FLQA.L charges 0.14%/yr vs 0.09%/yr for FLXK.L.
Performance
FLQA.L vs. FLXK.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLQA.L achieves a 32.52% return, which is significantly lower than FLXK.L's 75.50% return.
FLQA.L
- 1D
- -1.74%
- 1M
- -8.57%
- 6M
- 24.51%
- YTD
- 32.52%
- 1Y
- 51.93%
- 3Y*
- 25.15%
- 5Y*
- 12.63%
- 10Y*
- —
FLXK.L
- 1D
- -2.69%
- 1M
- -18.61%
- 6M
- 52.93%
- YTD
- 75.50%
- 1Y
- 142.25%
- 3Y*
- 39.46%
- 5Y*
- 15.68%
- 10Y*
- —
FLQA.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) | 32.52% | 29.84% | 7.76% | 12.02% | -12.93% | 4.57% | 6.71% | 6.31% |
FLXK.L Franklin FTSE Korea UCITS ETF USD (Acc) | 75.50% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between FLQA.L and FLXK.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.80 |
The correlation between FLQA.L and FLXK.L has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLQA.L vs. FLXK.L — Risk / Return Rank
FLQA.L
FLXK.L
FLQA.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.L) and Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.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.
| FLQA.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.47 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 5.87 | -2.12 |
| Martin ratioReturn relative to average drawdown | 11.86 | 18.43 | -6.57 |
Loading charts...
Drawdowns
FLQA.L vs. FLXK.L - Drawdown Comparison
The maximum FLQA.L drawdown since its inception was -29.21%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for FLQA.L and FLXK.L.
Loading charts...
Drawdown Indicators
| FLQA.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.21% | -49.43% | +20.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -24.09% | +10.32% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -28.54% | +6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.38% | -47.00% | +21.62% |
Current DrawdownCurrent decline from peak | -12.64% | -24.09% | +11.45% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -20.23% | +13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 7.69% | -3.33% |
Volatility
FLQA.L vs. FLXK.L - Volatility Comparison
The current volatility for Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.L) is 11.18%, while Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) has a volatility of 19.69%. This indicates that FLQA.L experiences smaller price fluctuations and is considered to be less risky than FLXK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLQA.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.18% | 19.69% | -8.51% |
Volatility (6M)Calculated over the trailing 6-month period | 22.99% | 41.50% | -18.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.11% | 45.06% | -19.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 29.63% | -11.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 29.60% | -11.08% |
FLQA.L vs. FLXK.L - Expense Ratio Comparison
FLQA.L has a 0.14% expense ratio, which is higher than FLXK.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLQA.L vs. FLXK.L - Dividend Comparison
Neither FLQA.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
FLQA.L and FLXK.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.14% for FLQA.L.
FLQA.L is categorized as Asia Pacific Equities, while FLXK.L is South Korea Equities. FLQA.L tracks Linked FTSE Asia ex Japan ex China Index - Net Return, while FLXK.L tracks FTSE Korea 30/18 Capped Index (Net Return). Their fees differ too: 0.14% for FLQA.L and 0.09% for FLXK.L.
Find the right allocation for FLQA.L and FLXK.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer