FLXI.DE vs. INDA
FLXI.DE (Franklin FTSE India UCITS ETF) and INDA (iShares MSCI India ETF) are both Asia Pacific Equities funds - FLXI.DE tracks the FTSE India 30/18 Capped while INDA tracks the MSCI India Index. Both are passively managed. Over the past 5 years, FLXI.DE returned 5.39%/yr vs 3.73%/yr for INDA. Their correlation of 0.83 suggests significant overlap in exposure. FLXI.DE charges 0.19%/yr vs 0.69%/yr for INDA.
Performance
FLXI.DE vs. INDA - Performance Comparison
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Different Trading Currencies
FLXI.DE is traded in EUR, while INDA is traded in USD. To make them comparable, the INDA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLXI.DE achieves a -8.35% return, which is significantly higher than INDA's -9.21% return.
FLXI.DE
- 1D
- 2.22%
- 1M
- 0.57%
- YTD
- -8.35%
- 6M
- -6.99%
- 1Y
- -9.91%
- 3Y*
- 3.77%
- 5Y*
- 5.39%
- 10Y*
- —
INDA
- 1D
- 1.21%
- 1M
- 0.82%
- YTD
- -9.21%
- 6M
- -7.71%
- 1Y
- -10.70%
- 3Y*
- 2.11%
- 5Y*
- 3.73%
- 10Y*
- 6.75%
FLXI.DE vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXI.DE Franklin FTSE India UCITS ETF | -8.35% | -8.72% | 16.97% | 17.28% | -1.80% | 35.51% | 1.87% | 1.08% |
INDA iShares MSCI India ETF | -9.21% | -9.51% | 15.80% | 13.65% | -3.30% | 30.43% | 5.36% | 1.97% |
Correlation
The correlation between FLXI.DE and INDA is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.83 |
The correlation between FLXI.DE and INDA has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
FLXI.DE vs. INDA — Risk / Return Rank
FLXI.DE
INDA
FLXI.DE vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FLXI.DE) and iShares MSCI India ETF (INDA). 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.
| FLXI.DE | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.87 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.69 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.50 | +0.12 |
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Drawdowns
FLXI.DE vs. INDA - Drawdown Comparison
The maximum FLXI.DE drawdown since its inception was -40.58%, roughly equal to the maximum INDA drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for FLXI.DE and INDA.
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Drawdown Indicators
| FLXI.DE | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -41.78% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -16.90% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -25.03% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | -25.03% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.78% | — |
Current DrawdownCurrent decline from peak | -20.42% | -20.96% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -9.11% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 7.78% | -0.14% |
Volatility
FLXI.DE vs. INDA - Volatility Comparison
Franklin FTSE India UCITS ETF (FLXI.DE) has a higher volatility of 4.65% compared to iShares MSCI India ETF (INDA) at 3.58%. This indicates that FLXI.DE's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXI.DE | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 3.58% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 12.19% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 14.54% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 15.01% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 21.01% | -1.05% |
FLXI.DE vs. INDA - Expense Ratio Comparison
FLXI.DE has a 0.19% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
FLXI.DE vs. INDA - Dividend Comparison
Neither FLXI.DE nor INDA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLXI.DE Franklin FTSE India UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
FLXI.DE and INDA have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXI.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI.DE is cheaper with a 0.19% expense ratio, compared with 0.69% for INDA.
FLXI.DE tracks FTSE India 30/18 Capped, while INDA tracks MSCI India Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FLXI.DE and 0.69% for INDA.
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