FLXB.L vs. VPAC.L
FLXB.L (Franklin FTSE Brazil UCITS ETF) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - FLXB.L tracks the Franklin FTSE Brazil UCITS ETF while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 5 years, FLXB.L returned 6.80%/yr vs 3.51%/yr for VPAC.L. At a 0.30 correlation, their price movements are largely independent. FLXB.L charges 0.19%/yr vs 0.50%/yr for VPAC.L.
Performance
FLXB.L vs. VPAC.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 VPAC.L's 2.04% 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*
- —
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
FLXB.L vs. VPAC.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% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -9.70% | 3.64% | 4.81% | 6.90% |
Correlation
The correlation between FLXB.L and VPAC.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.30 |
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Return for Risk
FLXB.L vs. VPAC.L — Risk / Return Rank
FLXB.L
VPAC.L
FLXB.L vs. VPAC.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 Variable Rate Preferred Shares UCITS ETF USD (VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.54 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.73 | 9.98 | -4.26 |
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Drawdowns
FLXB.L vs. VPAC.L - Drawdown Comparison
The maximum FLXB.L drawdown since its inception was -56.54%, which is greater than VPAC.L's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for FLXB.L and VPAC.L.
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Drawdown Indicators
| FLXB.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.54% | -34.25% | -22.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.78% | -2.02% | -15.76% |
Max Drawdown (3Y)Largest decline over 3 years | -28.79% | -3.40% | -25.39% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -13.89% | -18.28% |
Current DrawdownCurrent decline from peak | -12.54% | -0.33% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -18.96% | -3.14% | -15.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 0.52% | +6.37% |
Volatility
FLXB.L vs. VPAC.L - Volatility Comparison
Franklin FTSE Brazil UCITS ETF (FLXB.L) has a higher volatility of 6.41% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that FLXB.L's price experiences larger fluctuations and is considered to be riskier than VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 0.74% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 18.27% | 2.28% | +15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 3.17% | +20.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.18% | 5.30% | +21.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.03% | 11.00% | +21.03% |
FLXB.L vs. VPAC.L - Expense Ratio Comparison
FLXB.L has a 0.19% expense ratio, which is lower than VPAC.L's 0.50% expense ratio.
Dividends
FLXB.L vs. VPAC.L - Dividend Comparison
Neither FLXB.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
FLXB.L and VPAC.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXB.L is cheaper with a 0.19% expense ratio, compared with 0.50% for VPAC.L.
FLXB.L tracks Franklin FTSE Brazil UCITS ETF, while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: Franklin and Invesco. Their fees differ too: 0.19% for FLXB.L and 0.50% for VPAC.L.
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