FLRA.DE vs. KROP.DE
FLRA.DE (Franklin Metaverse UCITS ETF USD Capitalisation) and KROP.DE (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds - FLRA.DE tracks the Solactive Global Metaverse Innovation while KROP.DE tracks the Solactive AgTech and Food Innovation. Both are passively managed. Over the past 3 years, FLRA.DE returned 26.58%/yr vs -2.05%/yr for KROP.DE. At a 0.38 correlation, their price movements are largely independent. FLRA.DE charges 0.30%/yr vs 0.50%/yr for KROP.DE.
Performance
FLRA.DE vs. KROP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLRA.DE achieves a 19.68% return, which is significantly higher than KROP.DE's 17.14% return.
FLRA.DE
- 1D
- -1.45%
- 1M
- 16.33%
- YTD
- 19.68%
- 6M
- 14.77%
- 1Y
- 38.95%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
KROP.DE
- 1D
- 0.13%
- 1M
- 0.32%
- YTD
- 17.14%
- 6M
- 14.58%
- 1Y
- 9.63%
- 3Y*
- -2.05%
- 5Y*
- —
- 10Y*
- —
FLRA.DE vs. KROP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLRA.DE Franklin Metaverse UCITS ETF USD Capitalisation | 19.68% | 5.59% | 27.26% | 71.63% | -21.53% |
KROP.DE Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 17.14% | -4.87% | -2.79% | -25.11% | -17.49% |
Correlation
The correlation between FLRA.DE and KROP.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.38 |
Over the past year, the correlation between FLRA.DE and KROP.DE has dropped to 0.15 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
FLRA.DE vs. KROP.DE — Risk / Return Rank
FLRA.DE
KROP.DE
FLRA.DE vs. KROP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.DE) and Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.DE). 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.
| FLRA.DE | KROP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.04 | +0.29 |
| Martin ratioReturn relative to average drawdown | 3.01 | 2.21 | +0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLRA.DE | KROP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.62 | +0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | -0.47 | +1.30 |
Drawdowns
FLRA.DE vs. KROP.DE - Drawdown Comparison
The maximum FLRA.DE drawdown since its inception was -34.22%, smaller than the maximum KROP.DE drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for FLRA.DE and KROP.DE.
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Drawdown Indicators
| FLRA.DE | KROP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -52.74% | +18.52% |
Max Drawdown (1Y)Largest decline over 1 year | -29.17% | -9.22% | -19.95% |
Max Drawdown (3Y)Largest decline over 3 years | -34.22% | -27.28% | -6.94% |
Current DrawdownCurrent decline from peak | -2.92% | -41.08% | +38.16% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -36.46% | +26.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 4.34% | +8.57% |
Volatility
FLRA.DE vs. KROP.DE - Volatility Comparison
Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.DE) has a higher volatility of 8.80% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.DE) at 5.58%. This indicates that FLRA.DE's price experiences larger fluctuations and is considered to be riskier than KROP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRA.DE | KROP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 5.58% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 12.02% | +6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.70% | 15.43% | +10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.73% | 19.64% | +8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 19.64% | +8.09% |
FLRA.DE vs. KROP.DE - Expense Ratio Comparison
FLRA.DE has a 0.30% expense ratio, which is lower than KROP.DE's 0.50% expense ratio.
Dividends
FLRA.DE vs. KROP.DE - Dividend Comparison
Neither FLRA.DE nor KROP.DE has paid dividends to shareholders.
Frequently Asked Questions
FLRA.DE and KROP.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLRA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLRA.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for KROP.DE.
FLRA.DE tracks Solactive Global Metaverse Innovation, while KROP.DE tracks Solactive AgTech and Food Innovation. They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.30% for FLRA.DE and 0.50% for KROP.DE.
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