FLRK.L vs. TDGB.L

Last updated Jun 5, 2026

FLRK.L (Franklin FTSE Korea UCITS ETF) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - FLRK.L is a Asia Pacific Equities fund tracking the MSCI Korea NR USD, while TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, FLRK.L returned 20.63%/yr vs 17.70%/yr for TDGB.L. At a 0.42 correlation, their price movements are largely independent. FLRK.L charges 0.09%/yr vs 0.38%/yr for TDGB.L.

Performance

FLRK.L vs. TDGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin FTSE Korea UCITS ETF (FLRK.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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 TDGB.L's 8.92% 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*: —

TDGB.L

• 1D: 0.48%
• 1M: 0.92%
• YTD: 8.92%
• 6M: 11.81%
• 1Y: 29.32%
• 3Y*: 20.13%
• 5Y*: 17.70%
• 10Y*: —

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

FLRK.L vs. TDGB.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%
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	8.92%	30.88%	10.65%	9.06%	22.49%	19.59%	-5.61%	6.25%

Correlation

The correlation between FLRK.L and TDGB.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019	0.42

Over the past year, the correlation between FLRK.L and TDGB.L has dropped to 0.08 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

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

Sectors	FLRK.L	TDGB.L
Technology	57.4%	0.3%
Industrials	17.7%	3.9%
Financial Services	8.7%	31.7%
Consumer Cyclical	5.5%	3.8%
Healthcare	3.0%	14.4%
Basic Materials	2.4%	1.2%
Communication Services	2.3%	8.7%
Consumer Defensive	1.7%	10.1%
Energy	0.9%	19.7%
Utilities	0.4%	6.2%
Real Estate	-	0.0%

Return for Risk

FLRK.L vs. TDGB.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

TDGB.L

TDGB.L Risk / Return Rank: 91
TDGB.L Sharpe Ratio Rank: 91
TDGB.L Sortino Ratio Rank: 92
TDGB.L Omega Ratio Rank: 91
TDGB.L Calmar Ratio Rank: 92
TDGB.L Martin Ratio Rank: 90

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. TDGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLRK.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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	TDGB.L	Difference
Sharpe ratio: Return per unit of total volatility	6.24	3.15	+3.10
Sortino ratio: Return per unit of downside risk	5.75	4.38	+1.37
Omega ratio: Gain probability vs. loss probability	1.85	1.59	+0.26
Calmar ratio: Return relative to maximum drawdown	10.98	6.26	+4.72
Martin ratio: Return relative to average drawdown	39.30	20.72	+18.58
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. TDGB.L - Sharpe Ratio Comparison

The current FLRK.L Sharpe Ratio is 6.24, which is higher than the TDGB.L Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of FLRK.L and TDGB.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	TDGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.24	3.15	+3.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	1.55	-0.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.98	-0.31

Drawdowns

FLRK.L vs. TDGB.L - Drawdown Comparison

The maximum FLRK.L drawdown since its inception was -41.57%, which is greater than TDGB.L's maximum drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for FLRK.L and TDGB.L.

Drawdown Indicators

	FLRK.L	TDGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.57%	-29.60%	-11.97%
Max Drawdown (1Y) Largest decline over 1 year	-21.18%	-4.66%	-16.52%
Max Drawdown (3Y) Largest decline over 3 years	-27.82%	-12.41%	-15.41%
Max Drawdown (5Y) Largest decline over 5 years	-38.68%	-12.41%	-26.27%
Current Drawdown Current decline from peak	-5.62%	-1.47%	-4.15%
Average Drawdown Average peak-to-trough decline	-19.95%	-3.70%	-16.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	1.41%	+4.52%

Volatility

FLRK.L vs. TDGB.L - Volatility Comparison

Franklin FTSE Korea UCITS ETF (FLRK.L) has a higher volatility of 18.09% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.49%. This indicates that FLRK.L's price experiences larger fluctuations and is considered to be riskier than TDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLRK.L	TDGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.09%	2.49%	+15.60%
Volatility (6M) Calculated over the trailing 6-month period	32.92%	7.01%	+25.91%
Volatility (1Y) Calculated over the trailing 1-year period	37.31%	9.28%	+28.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.31%	11.42%	+13.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.31%	14.44%	+12.87%

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

FLRK.L has a 0.09% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.

Dividends

FLRK.L vs. TDGB.L - Dividend Comparison

FLRK.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FLRK.L Franklin FTSE Korea UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.20%	3.50%	4.27%	4.93%	4.40%	4.06%	4.16%	4.52%

Frequently Asked Questions

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

FLRK.L and TDGB.L have a correlation of 0.08, 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 TDGB.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 TDGB.L?

FLRK.L is cheaper with a 0.09% expense ratio, compared with 0.38% for TDGB.L.

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

FLRK.L is categorized as Asia Pacific Equities, while TDGB.L is Global Equities. FLRK.L tracks MSCI Korea NR USD, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Franklin Templeton and VanEck. Their fees differ too: 0.09% for FLRK.L and 0.38% for TDGB.L.