FLRG.L vs. FLXB.L
FLRG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) and FLXB.L (Franklin FTSE Brazil UCITS ETF) are both exchange-traded funds - FLRG.L is a Global Bonds fund tracking the Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc), while FLXB.L is a Global Equities fund tracking the Franklin FTSE Brazil UCITS ETF. Both are passively managed. Over the past 5 years, FLRG.L returned -2.18%/yr vs 7.39%/yr for FLXB.L. At a 0.05 correlation, their price movements are largely independent. FLRG.L charges 0.25%/yr vs 0.19%/yr for FLXB.L.
Performance
FLRG.L vs. FLXB.L - Performance Comparison
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Different Trading Currencies
FLRG.L is traded in EUR, while FLXB.L is traded in USD. To make them comparable, the FLXB.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLRG.L achieves a 0.63% return, which is significantly lower than FLXB.L's 19.82% return.
FLRG.L
- 1D
- -0.04%
- 1M
- -0.46%
- 6M
- 0.08%
- YTD
- 0.63%
- 1Y
- 1.35%
- 3Y*
- 3.27%
- 5Y*
- -2.18%
- 10Y*
- —
FLXB.L
- 1D
- 0.00%
- 1M
- 2.08%
- 6M
- 14.81%
- YTD
- 19.82%
- 1Y
- 40.72%
- 3Y*
- 11.29%
- 5Y*
- 7.39%
- 10Y*
- —
FLRG.L vs. FLXB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.63% | 0.59% | 2.78% | 7.71% | -18.99% | -3.01% | 5.46% | 2.74% |
FLXB.L Franklin FTSE Brazil UCITS ETF | 19.82% | 28.22% | -23.16% | 29.43% | 17.80% | -10.35% | -26.06% | 12.60% |
Correlation
The correlation between FLRG.L and FLXB.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.05 |
The correlation between FLRG.L and FLXB.L shifts across timeframes, from 0.05 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLRG.L vs. FLXB.L — Risk / Return Rank
FLRG.L
FLXB.L
FLRG.L vs. FLXB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) and Franklin FTSE Brazil UCITS ETF (FLXB.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.
| FLRG.L | FLXB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.61 | -2.03 |
| Martin ratioReturn relative to average drawdown | 1.62 | 6.96 | -5.35 |
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Drawdowns
FLRG.L vs. FLXB.L - Drawdown Comparison
The maximum FLRG.L drawdown since its inception was -23.17%, smaller than the maximum FLXB.L drawdown of -54.78%. Use the drawdown chart below to compare losses from any high point for FLRG.L and FLXB.L.
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Drawdown Indicators
| FLRG.L | FLXB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.17% | -54.78% | +31.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -15.78% | +13.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.41% | -25.24% | +21.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -26.23% | +3.60% |
Current DrawdownCurrent decline from peak | -12.19% | -10.21% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -18.33% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 5.92% | -5.03% |
Volatility
FLRG.L vs. FLXB.L - Volatility Comparison
The current volatility for Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) is 1.02%, while Franklin FTSE Brazil UCITS ETF (FLXB.L) has a volatility of 6.28%. This indicates that FLRG.L experiences smaller price fluctuations and is considered to be less risky than FLXB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRG.L | FLXB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 6.28% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 17.11% | -14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 22.64% | -19.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 26.48% | -21.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 31.45% | -26.46% |
FLRG.L vs. FLXB.L - Expense Ratio Comparison
FLRG.L has a 0.25% expense ratio, which is higher than FLXB.L's 0.19% 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
FLRG.L vs. FLXB.L - Dividend Comparison
Neither FLRG.L nor FLXB.L has paid dividends to shareholders.
Frequently Asked Questions
FLRG.L and FLXB.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXB.L is cheaper with a 0.19% expense ratio, compared with 0.25% for FLRG.L.
FLRG.L is categorized as Global Bonds, while FLXB.L is Global Equities. FLRG.L tracks Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc), while FLXB.L tracks Franklin FTSE Brazil UCITS ETF. Their fees differ too: 0.25% for FLRG.L and 0.19% for FLXB.L.
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