FLXB.L vs. SPXS.L
FLXB.L (Franklin FTSE Brazil UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - FLXB.L tracks the Franklin FTSE Brazil UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, FLXB.L returned 6.80%/yr vs -54.94%/yr for SPXS.L. At a 0.42 correlation, their price movements are largely independent. FLXB.L charges 0.19%/yr vs 0.05%/yr for SPXS.L.
Performance
FLXB.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLXB.L achieves a 17.17% return, which is significantly higher than SPXS.L's 10.20% 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*
- —
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
FLXB.L vs. SPXS.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% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 18.18% |
Correlation
The correlation between FLXB.L and SPXS.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.42 |
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Return for Risk
FLXB.L vs. SPXS.L — Risk / Return Rank
FLXB.L
SPXS.L
FLXB.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FLXB.L) and Invesco S&P 500 UCITS ETF (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.52 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -1.00 | +3.21 |
| Martin ratioReturn relative to average drawdown | 5.73 | -1.23 | +6.95 |
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Drawdowns
FLXB.L vs. SPXS.L - Drawdown Comparison
The maximum FLXB.L drawdown since its inception was -56.54%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for FLXB.L and SPXS.L.
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Drawdown Indicators
| FLXB.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.54% | -99.07% | +42.53% |
Max Drawdown (1Y)Largest decline over 1 year | -17.78% | -99.07% | +81.29% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -99.07% | +70.28% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -99.07% | +66.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -12.54% | -98.90% | +86.36% |
Average DrawdownAverage peak-to-trough decline | -18.96% | -7.67% | -11.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 80.57% | -73.68% |
Volatility
FLXB.L vs. SPXS.L - Volatility Comparison
Franklin FTSE Brazil UCITS ETF (FLXB.L) has a higher volatility of 6.41% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that FLXB.L's price experiences larger fluctuations and is considered to be riskier than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 2.73% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 18.27% | 9.24% | +9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 99.43% | -75.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.18% | 47.13% | -19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.03% | 35.27% | -3.24% |
FLXB.L vs. SPXS.L - Expense Ratio Comparison
FLXB.L has a 0.19% expense ratio, which is higher than SPXS.L's 0.05% 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. SPXS.L - Dividend Comparison
Neither FLXB.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
FLXB.L and SPXS.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.19% for FLXB.L.
FLXB.L tracks Franklin FTSE Brazil UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: Franklin and Invesco. Their fees differ too: 0.19% for FLXB.L and 0.05% for SPXS.L.
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