FLRK.L vs. FLXU.L

Last updated Jun 5, 2026

FLRK.L (Franklin FTSE Korea UCITS ETF) and FLXU.L (Franklin LibertyQ U.S. Equity UCITS ETF) are both exchange-traded funds - FLRK.L is a Asia Pacific Equities fund tracking the MSCI Korea NR USD, while FLXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, FLRK.L returned 20.63%/yr vs 13.30%/yr for FLXU.L. At a 0.45 correlation, their price movements are largely independent. FLRK.L charges 0.09%/yr vs 0.25%/yr for FLXU.L.

Performance

FLRK.L vs. FLXU.L - Performance Comparison

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

Returns By Period

In the year-to-date period, FLRK.L achieves a 111.17% return, which is significantly higher than FLXU.L's 12.19% return.

FLRK.L

• 1D: -5.06%
• 1M: 19.12%
• YTD: 111.17%
• 6M: 129.46%
• 1Y: 234.17%
• 3Y*: 46.37%
• 5Y*: 20.63%
• 10Y*: —

FLXU.L

• 1D: -0.02%
• 1M: 5.23%
• YTD: 12.19%
• 6M: 11.97%
• 1Y: 30.69%
• 3Y*: 15.71%
• 5Y*: 13.30%
• 10Y*: —

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

FLRK.L vs. FLXU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLRK.L Franklin FTSE Korea UCITS ETF	111.17%	82.09%	-20.56%	14.16%	-19.37%	-5.90%	42.60%	-14.15%
FLXU.L Franklin LibertyQ U.S. Equity UCITS ETF	12.19%	13.10%	12.49%	8.52%	2.19%	28.57%	5.69%	10.22%

Correlation

The correlation between FLRK.L and FLXU.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019	0.45

FLRK.L vs. FLXU.L - Sectors Allocation Comparison

Sectors	FLRK.L	FLXU.L
Technology	57.4%	34.3%
Industrials	17.7%	10.1%
Financial Services	8.7%	9.9%
Consumer Cyclical	5.5%	11.5%
Healthcare	3.0%	10.5%
Basic Materials	2.4%	1.7%
Communication Services	2.3%	12.2%
Consumer Defensive	1.7%	4.4%
Energy	0.9%	1.0%
Utilities	0.4%	1.6%
Real Estate	-	2.9%

Return for Risk

FLRK.L vs. FLXU.L — 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: 97
FLRK.L Calmar Ratio Rank: 97
FLRK.L Martin Ratio Rank: 96

FLXU.L

FLXU.L Risk / Return Rank: 86
FLXU.L Sharpe Ratio Rank: 84
FLXU.L Sortino Ratio Rank: 85
FLXU.L Omega Ratio Rank: 84
FLXU.L Calmar Ratio Rank: 89
FLXU.L Martin Ratio Rank: 88

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. FLXU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLRK.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.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.

	FLRK.L	FLXU.L	Difference
Sharpe ratio: Return per unit of total volatility	6.24	2.72	+3.52
Sortino ratio: Return per unit of downside risk	5.75	3.77	+1.98
Omega ratio: Gain probability vs. loss probability	1.85	1.50	+0.35
Calmar ratio: Return relative to maximum drawdown	10.98	5.18	+5.80
Martin ratio: Return relative to average drawdown	39.30	18.83	+20.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLRK.L vs. FLXU.L - Sharpe Ratio Comparison

The current FLRK.L Sharpe Ratio is 6.24, which is higher than the FLXU.L Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of FLRK.L and FLXU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLRK.L	FLXU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.24	2.72	+3.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	1.02	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.89	-0.23

Drawdowns

FLRK.L vs. FLXU.L - Drawdown Comparison

The maximum FLRK.L drawdown since its inception was -41.57%, which is greater than FLXU.L's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for FLRK.L and FLXU.L.

Drawdown Indicators

	FLRK.L	FLXU.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.57%	-24.72%	-16.85%
Max Drawdown (1Y) Largest decline over 1 year	-21.18%	-5.90%	-15.28%
Max Drawdown (3Y) Largest decline over 3 years	-27.82%	-20.13%	-7.69%
Max Drawdown (5Y) Largest decline over 5 years	-38.68%	-20.13%	-18.55%
Current Drawdown Current decline from peak	-5.62%	-0.02%	-5.60%
Average Drawdown Average peak-to-trough decline	-19.95%	-3.01%	-16.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	1.63%	+4.30%

Volatility

FLRK.L vs. FLXU.L - Volatility Comparison

Franklin FTSE Korea UCITS ETF (FLRK.L) has a higher volatility of 18.09% compared to Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.L) at 3.47%. This indicates that FLRK.L's price experiences larger fluctuations and is considered to be riskier than FLXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLRK.L	FLXU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.09%	3.47%	+14.62%
Volatility (6M) Calculated over the trailing 6-month period	32.92%	8.19%	+24.73%
Volatility (1Y) Calculated over the trailing 1-year period	37.31%	11.24%	+26.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.31%	13.07%	+12.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.31%	14.93%	+12.38%

FLRK.L vs. FLXU.L - Expense Ratio Comparison

FLRK.L has a 0.09% expense ratio, which is lower than FLXU.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLRK.L vs. FLXU.L - Dividend Comparison

Neither FLRK.L nor FLXU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

FLRK.L and FLXU.L have a correlation of 0.46, 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 FLXU.L?

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 FLXU.L?

FLRK.L is cheaper with a 0.09% expense ratio, compared with 0.25% for FLXU.L.

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

FLRK.L is categorized as Asia Pacific Equities, while FLXU.L is Large Cap Blend Equities. FLRK.L tracks MSCI Korea NR USD, while FLXU.L tracks Russell 1000 TR USD. Their fees differ too: 0.09% for FLRK.L and 0.25% for FLXU.L.