FLRK.L vs. EWT

Last updated Jun 13, 2026

FLRK.L (Franklin FTSE Korea UCITS ETF) and EWT (iShares MSCI Taiwan ETF) are both Asia Pacific Equities funds - FLRK.L tracks the MSCI Korea NR USD while EWT tracks the MSCI Taiwan Index. Both are passively managed. Over the past 5 years, FLRK.L returned 20.31%/yr vs 18.70%/yr for EWT. A 0.55 correlation means they provide meaningful diversification when combined. FLRK.L charges 0.09%/yr vs 0.59%/yr for EWT.

Performance

FLRK.L vs. EWT - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin FTSE Korea UCITS ETF (FLRK.L) and iShares MSCI Taiwan ETF (EWT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLRK.L is traded in GBP, while EWT is traded in USD. To make them comparable, the EWT values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLRK.L achieves a 107.37% return, which is significantly higher than EWT's 62.35% return.

FLRK.L

• 1D: 5.54%
• 1M: 7.44%
• YTD: 107.37%
• 6M: 123.01%
• 1Y: 211.65%
• 3Y*: 44.36%
• 5Y*: 20.31%
• 10Y*: —

EWT

• 1D: 0.25%
• 1M: 9.13%
• YTD: 62.35%
• 6M: 67.03%
• 1Y: 92.17%
• 3Y*: 32.26%
• 5Y*: 18.70%
• 10Y*: 20.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLRK.L vs. EWT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLRK.L Franklin FTSE Korea UCITS ETF	107.37%	82.12%	-20.55%	14.15%	-19.37%	-5.90%	42.60%	-14.15%
EWT iShares MSCI Taiwan ETF	62.35%	19.23%	18.14%	17.77%	-20.44%	27.38%	27.64%	21.21%

Correlation

The correlation between FLRK.L and EWT is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019	0.55

The correlation between FLRK.L and EWT has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

FLRK.L vs. EWT - Sectors Allocation Comparison

Sectors	FLRK.L	EWT
Technology	57.4%	72.9%
Industrials	17.7%	4.9%
Financial Services	8.7%	13.0%
Consumer Cyclical	5.5%	1.9%
Healthcare	3.0%	0.8%
Basic Materials	2.4%	3.5%
Communication Services	2.3%	1.9%
Consumer Defensive	1.7%	1.1%
Energy	0.9%	-
Utilities	0.4%	-
Real Estate	-	-

Return for Risk

FLRK.L vs. EWT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLRK.L

FLRK.L Risk / Return Rank: 97
FLRK.L Sharpe Ratio Rank: 98
FLRK.L Sortino Ratio Rank: 96
FLRK.L Omega Ratio Rank: 96
FLRK.L Calmar Ratio Rank: 97
FLRK.L Martin Ratio Rank: 96

EWT

EWT Risk / Return Rank: 94
EWT Sharpe Ratio Rank: 95
EWT Sortino Ratio Rank: 92
EWT Omega Ratio Rank: 92
EWT Calmar Ratio Rank: 96
EWT Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLRK.L vs. EWT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLRK.L) and iShares MSCI Taiwan ETF (EWT). 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.

	FLRK.L	EWT	Difference
Sharpe ratio: Return per unit of total volatility	5.42	3.77	+1.65
Sortino ratio: Return per unit of downside risk	5.07	4.29	+0.79
Omega ratio: Gain probability vs. loss probability	1.75	1.65	+0.10
Calmar ratio: Return relative to maximum drawdown	9.93	10.53	-0.61
Martin ratio: Return relative to average drawdown	33.67	29.10	+4.57

FLRK.L vs. EWT - Sharpe Ratio Comparison

The current FLRK.L Sharpe Ratio is 5.42, which is higher than the EWT Sharpe Ratio of 3.77. The chart below compares the historical Sharpe Ratios of FLRK.L and EWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLRK.L vs. EWT - Drawdown Comparison

The maximum FLRK.L drawdown since its inception was -41.58%, smaller than the maximum EWT drawdown of -49.31%. Use the drawdown chart below to compare losses from any high point for FLRK.L and EWT.

Drawdown Indicators

	FLRK.L	EWT	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-49.31%	+7.73%
Max Drawdown (1Y) Largest decline over 1 year	-21.18%	-8.80%	-12.38%
Max Drawdown (3Y) Largest decline over 3 years	-36.37%	-26.08%	-10.29%
Max Drawdown (5Y) Largest decline over 5 years	-38.69%	-28.99%	-9.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.99%	—
Current Drawdown Current decline from peak	-7.31%	-3.90%	-3.41%
Average Drawdown Average peak-to-trough decline	-19.90%	-9.17%	-10.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	3.18%	+3.08%

Volatility

FLRK.L vs. EWT - Volatility Comparison

Franklin FTSE Korea UCITS ETF (FLRK.L) has a higher volatility of 17.51% compared to iShares MSCI Taiwan ETF (EWT) at 12.82%. This indicates that FLRK.L's price experiences larger fluctuations and is considered to be riskier than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLRK.L	EWT	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.51%	12.82%	+4.69%
Volatility (6M) Calculated over the trailing 6-month period	34.78%	20.61%	+14.17%
Volatility (1Y) Calculated over the trailing 1-year period	38.80%	24.60%	+14.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.53%	20.87%	+8.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.14%	20.77%	+9.37%

FLRK.L vs. EWT - Expense Ratio Comparison

FLRK.L has a 0.09% expense ratio, which is lower than EWT's 0.59% expense ratio.

Dividends

FLRK.L vs. EWT - Dividend Comparison

FLRK.L has not paid dividends to shareholders, while EWT's dividend yield for the trailing twelve months is around 2.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWT iShares MSCI Taiwan ETF	2.74%	4.43%	3.32%	8.12%	18.82%	0.55%	1.83%	2.49%	3.16%	2.81%	2.39%	3.12%
FLRK.L Franklin FTSE Korea UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLRK.L and EWT in my portfolio?

FLRK.L and EWT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLRK.L or EWT?

On fees, FLRK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLRK.L or EWT?

FLRK.L is cheaper with a 0.09% expense ratio, compared with 0.59% for EWT.

What is the main difference between FLRK.L and EWT?

FLRK.L tracks MSCI Korea NR USD, while EWT tracks MSCI Taiwan Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLRK.L and 0.59% for EWT.