FLXB.L vs. FLXK.L
FLXB.L (Franklin FTSE Brazil UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds from Franklin - FLXB.L tracks the Franklin FTSE Brazil UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, FLXB.L returned 6.80%/yr vs 15.67%/yr for FLXK.L. At a 0.42 correlation, their price movements are largely independent. FLXB.L charges 0.19%/yr vs 0.09%/yr for FLXK.L.
Performance
FLXB.L vs. FLXK.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLXB.L achieves a 17.17% return, which is significantly lower than FLXK.L's 75.46% return.
FLXB.L
- 1D
- 0.13%
- 1M
- 1.17%
- 6M
- 13.24%
- YTD
- 17.17%
- 1Y
- 39.35%
- 3Y*
- 12.11%
- 5Y*
- 6.80%
- 10Y*
- —
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
FLXB.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXB.L Franklin FTSE Brazil UCITS ETF | 17.17% | 45.49% | -27.92% | 33.43% | 10.93% | -16.59% | -19.42% | 12.18% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between FLXB.L and FLXK.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLXB.L vs. FLXK.L — Risk / Return Rank
FLXB.L
FLXK.L
FLXB.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FLXB.L) and Franklin FTSE Korea UCITS ETF (FLXK.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.
| FLXB.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.47 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 5.86 | -3.65 |
| Martin ratioReturn relative to average drawdown | 5.73 | 18.40 | -12.68 |
Loading charts...
Drawdowns
FLXB.L vs. FLXK.L - Drawdown Comparison
The maximum FLXB.L drawdown since its inception was -56.54%, which is greater than FLXK.L's maximum drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for FLXB.L and FLXK.L.
Loading charts...
Drawdown Indicators
| FLXB.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.54% | -49.43% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -17.78% | -24.10% | +6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -28.54% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -47.00% | +14.83% |
Current DrawdownCurrent decline from peak | -12.54% | -24.10% | +11.56% |
Average DrawdownAverage peak-to-trough decline | -18.96% | -20.23% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 7.70% | -0.81% |
Volatility
FLXB.L vs. FLXK.L - Volatility Comparison
The current volatility for Franklin FTSE Brazil UCITS ETF (FLXB.L) is 6.41%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that FLXB.L experiences smaller price fluctuations and is considered to be less risky than FLXK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLXB.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 19.75% | -13.34% |
Volatility (6M)Calculated over the trailing 6-month period | 18.27% | 41.53% | -23.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 45.08% | -21.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.18% | 29.63% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.03% | 29.61% | +2.42% |
FLXB.L vs. FLXK.L - Expense Ratio Comparison
FLXB.L has a 0.19% expense ratio, which is higher than FLXK.L's 0.09% 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
FLXB.L vs. FLXK.L - Dividend Comparison
Neither FLXB.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
FLXB.L and FLXK.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.19% for FLXB.L.
FLXB.L tracks Franklin FTSE Brazil UCITS ETF, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. Their fees differ too: 0.19% for FLXB.L and 0.09% for FLXK.L.
Find the right allocation for FLXB.L and FLXK.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer