FLXI.DE vs. NVO
FLXI.DE (Franklin FTSE India UCITS ETF) is Asia Pacific Equities fund tracking the FTSE India 30/18 Capped, while NVO (Novo Nordisk A/S) is a stock. Over the past 5 years, FLXI.DE returned 5.39%/yr vs 3.87%/yr for NVO. At a 0.14 correlation, their price movements are largely independent.
Performance
FLXI.DE vs. NVO - Performance Comparison
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Different Trading Currencies
FLXI.DE is traded in EUR, while NVO is traded in USD. To make them comparable, the NVO 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 NVO's -9.37% 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*
- —
NVO
- 1D
- -0.10%
- 1M
- -5.62%
- YTD
- -9.37%
- 6M
- -8.16%
- 1Y
- -43.24%
- 3Y*
- -17.53%
- 5Y*
- 3.87%
- 10Y*
- 7.22%
FLXI.DE vs. NVO - 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% |
NVO Novo Nordisk A/S | -9.37% | -46.43% | -10.38% | 50.20% | 30.26% | 75.75% | 13.17% | 15.68% |
Correlation
The correlation between FLXI.DE and NVO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.14 |
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Return for Risk
FLXI.DE vs. NVO — Risk / Return Rank
FLXI.DE
NVO
FLXI.DE vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FLXI.DE) and Novo Nordisk A/S (NVO). 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 | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.85 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.80 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.16 | -0.22 |
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Drawdowns
FLXI.DE vs. NVO - Drawdown Comparison
The maximum FLXI.DE drawdown since its inception was -40.58%, smaller than the maximum NVO drawdown of -76.45%. Use the drawdown chart below to compare losses from any high point for FLXI.DE and NVO.
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Drawdown Indicators
| FLXI.DE | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -76.45% | +35.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -54.18% | +37.34% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -76.45% | +51.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | -76.45% | +51.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.45% | — |
Current DrawdownCurrent decline from peak | -20.42% | -70.47% | +50.05% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -13.81% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 38.02% | -30.38% |
Volatility
FLXI.DE vs. NVO - Volatility Comparison
The current volatility for Franklin FTSE India UCITS ETF (FLXI.DE) is 4.65%, while Novo Nordisk A/S (NVO) has a volatility of 10.26%. This indicates that FLXI.DE experiences smaller price fluctuations and is considered to be less risky than NVO 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 | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 10.26% | -5.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 37.42% | -24.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 50.86% | -35.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 38.01% | -22.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 32.48% | -12.52% |
Dividends
FLXI.DE vs. NVO - Dividend Comparison
FLXI.DE has not paid dividends to shareholders, while NVO's dividend yield for the trailing twelve months is around 4.11%.
| 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% |
NVO Novo Nordisk A/S | 4.11% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
FLXI.DE and NVO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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