FLXB.DE vs. LBRA.DE

Last updated Jun 5, 2026

FLXB.DE (Franklin FTSE Brazil UCITS ETF) and LBRA.DE (Amundi MSCI Brazil UCITS ETF Acc) are both Latin America Equities funds - FLXB.DE tracks the FTSE Brazil 30/18 Capped while LBRA.DE tracks the MSCI Brazil. Both are passively managed. Over the past 5 years, FLXB.DE returned 6.83%/yr vs 5.61%/yr for LBRA.DE. With a 0.97 correlation, they move nearly in lockstep. FLXB.DE charges 0.19%/yr vs 0.65%/yr for LBRA.DE.

Performance

FLXB.DE vs. LBRA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Franklin FTSE Brazil UCITS ETF (FLXB.DE) and Amundi MSCI Brazil UCITS ETF Acc (LBRA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLXB.DE achieves a 15.75% return, which is significantly higher than LBRA.DE's 10.59% return.

FLXB.DE

• 1D: -0.76%
• 1M: -10.71%
• YTD: 15.75%
• 6M: 10.32%
• 1Y: 32.49%
• 3Y*: 10.43%
• 5Y*: 6.83%
• 10Y*: —

LBRA.DE

• 1D: -0.48%
• 1M: -11.78%
• YTD: 10.59%
• 6M: 7.54%
• 1Y: 30.59%
• 3Y*: 8.24%
• 5Y*: 5.61%
• 10Y*: 7.63%

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

FLXB.DE vs. LBRA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLXB.DE Franklin FTSE Brazil UCITS ETF	15.75%	29.01%	-23.72%	28.92%	18.78%	-11.29%	-26.34%	15.80%
LBRA.DE Amundi MSCI Brazil UCITS ETF Acc	10.59%	32.01%	-26.48%	29.27%	22.98%	-14.68%	-26.84%	16.65%

Correlation

The correlation between FLXB.DE and LBRA.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 6, 2019	0.97

The correlation between FLXB.DE and LBRA.DE has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

FLXB.DE vs. LBRA.DE — Risk / Return Rank

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

FLXB.DE

FLXB.DE Risk / Return Rank: 42
FLXB.DE Sharpe Ratio Rank: 40
FLXB.DE Sortino Ratio Rank: 39
FLXB.DE Omega Ratio Rank: 39
FLXB.DE Calmar Ratio Rank: 48
FLXB.DE Martin Ratio Rank: 46

LBRA.DE

LBRA.DE Risk / Return Rank: 40
LBRA.DE Sharpe Ratio Rank: 41
LBRA.DE Sortino Ratio Rank: 40
LBRA.DE Omega Ratio Rank: 38
LBRA.DE Calmar Ratio Rank: 41
LBRA.DE Martin Ratio Rank: 42

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.

FLXB.DE vs. LBRA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FLXB.DE) and Amundi MSCI Brazil UCITS ETF Acc (LBRA.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.

	FLXB.DE	LBRA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.42	-0.01
Sortino ratio: Return per unit of downside risk	1.95	1.98	-0.03
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	2.31	1.98	+0.32
Martin ratio: Return relative to average drawdown	7.41	6.54	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLXB.DE vs. LBRA.DE - Sharpe Ratio Comparison

The current FLXB.DE Sharpe Ratio is 1.41, which is comparable to the LBRA.DE Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FLXB.DE and LBRA.DE, 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

	FLXB.DE	LBRA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	1.42	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.21	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.06	+0.07

Drawdowns

FLXB.DE vs. LBRA.DE - Drawdown Comparison

The maximum FLXB.DE drawdown since its inception was -54.94%, smaller than the maximum LBRA.DE drawdown of -76.26%. Use the drawdown chart below to compare losses from any high point for FLXB.DE and LBRA.DE.

Drawdown Indicators

	FLXB.DE	LBRA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-54.94%	-76.26%	+21.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-15.63%	+1.62%
Max Drawdown (3Y) Largest decline over 3 years	-25.88%	-28.86%	+2.98%
Max Drawdown (5Y) Largest decline over 5 years	-28.51%	-29.47%	+0.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.22%	—
Current Drawdown Current decline from peak	-14.01%	-24.57%	+10.56%
Average Drawdown Average peak-to-trough decline	-18.40%	-38.24%	+19.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	4.75%	-0.38%

Volatility

FLXB.DE vs. LBRA.DE - Volatility Comparison

Franklin FTSE Brazil UCITS ETF (FLXB.DE) has a higher volatility of 6.93% compared to Amundi MSCI Brazil UCITS ETF Acc (LBRA.DE) at 6.39%. This indicates that FLXB.DE's price experiences larger fluctuations and is considered to be riskier than LBRA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXB.DE	LBRA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	6.39%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	19.35%	18.10%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	22.98%	21.90%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.95%	26.20%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.07%	31.81%	-0.74%

FLXB.DE vs. LBRA.DE - Expense Ratio Comparison

FLXB.DE has a 0.19% expense ratio, which is lower than LBRA.DE's 0.65% expense ratio.

Dividends

FLXB.DE vs. LBRA.DE - Dividend Comparison

Neither FLXB.DE nor LBRA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FLXB.DE and LBRA.DE in my portfolio?

With a correlation of 0.92, FLXB.DE and LBRA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FLXB.DE or LBRA.DE?

On fees, FLXB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXB.DE or LBRA.DE?

FLXB.DE is cheaper with a 0.19% expense ratio, compared with 0.65% for LBRA.DE.

What is the main difference between FLXB.DE and LBRA.DE?

FLXB.DE tracks FTSE Brazil 30/18 Capped, while LBRA.DE tracks MSCI Brazil. They also come from different issuers: Franklin Templeton and Amundi. Their fees differ too: 0.19% for FLXB.DE and 0.65% for LBRA.DE.