FLXB.L vs. FRXE.L
FLXB.L (Franklin FTSE Brazil UCITS ETF) and FRXE.L (Franklin Euro Short Maturity UCITS ETF) are both Global Equities funds from Franklin - FLXB.L tracks the Franklin FTSE Brazil UCITS ETF while FRXE.L tracks the Franklin Euro Short Maturity UCITS ETF. Both are passively managed. Over the past 5 years, FLXB.L returned 6.80%/yr vs 1.57%/yr for FRXE.L. At a 0.18 correlation, their price movements are largely independent.
Performance
FLXB.L vs. FRXE.L - Performance Comparison
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Different Trading Currencies
FLXB.L is traded in USD, while FRXE.L is traded in GBP. To make them comparable, the FRXE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLXB.L achieves a 17.17% return, which is significantly higher than FRXE.L's -1.96% 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*
- —
FRXE.L
- 1D
- 0.43%
- 1M
- -1.32%
- 6M
- -1.14%
- YTD
- -1.96%
- 1Y
- 0.24%
- 3Y*
- 3.80%
- 5Y*
- 1.57%
- 10Y*
- —
FLXB.L vs. FRXE.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% |
FRXE.L Franklin Euro Short Maturity UCITS ETF | -1.96% | 15.84% | -2.14% | 6.62% | -5.61% | -7.21% | 8.67% | 0.99% |
Correlation
The correlation between FLXB.L and FRXE.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.18 |
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Return for Risk
FLXB.L vs. FRXE.L — Risk / Return Rank
FLXB.L
FRXE.L
FLXB.L vs. FRXE.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 Euro Short Maturity UCITS ETF (FRXE.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 | FRXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -0.07 | +2.28 |
| Martin ratioReturn relative to average drawdown | 5.73 | -0.14 | +5.87 |
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Drawdowns
FLXB.L vs. FRXE.L - Drawdown Comparison
The maximum FLXB.L drawdown since its inception was -56.54%, which is greater than FRXE.L's maximum drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for FLXB.L and FRXE.L.
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Drawdown Indicators
| FLXB.L | FRXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.54% | -28.18% | -28.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.78% | -5.05% | -12.73% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -7.69% | -21.10% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -19.80% | -12.37% |
Current DrawdownCurrent decline from peak | -12.54% | -4.40% | -8.14% |
Average DrawdownAverage peak-to-trough decline | -18.96% | -13.32% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 2.33% | +4.56% |
Volatility
FLXB.L vs. FRXE.L - Volatility Comparison
Franklin FTSE Brazil UCITS ETF (FLXB.L) has a higher volatility of 6.41% compared to Franklin Euro Short Maturity UCITS ETF (FRXE.L) at 1.54%. This indicates that FLXB.L's price experiences larger fluctuations and is considered to be riskier than FRXE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXB.L | FRXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 1.54% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 18.27% | 4.92% | +13.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 6.44% | +17.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.18% | 8.01% | +19.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.03% | 8.95% | +23.08% |
Dividends
FLXB.L vs. FRXE.L - Dividend Comparison
FLXB.L has not paid dividends to shareholders, while FRXE.L's dividend yield for the trailing twelve months is around 1.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FLXB.L Franklin FTSE Brazil UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRXE.L Franklin Euro Short Maturity UCITS ETF | 1.94% | 2.54% | 2.59% | 1.19% | 0.25% |
Frequently Asked Questions
FLXB.L and FRXE.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLXB.L tracks Franklin FTSE Brazil UCITS ETF, while FRXE.L tracks Franklin Euro Short Maturity UCITS ETF.
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