FLXI.L vs. IIND.L
FLXI.L (Franklin FTSE India UCITS ETF USD (Acc)) and IIND.L (iShares MSCI India UCITS ETF USD (Acc)) are both India Equities funds - FLXI.L tracks the FTSE India 30/18 Capped Index - Net Return while IIND.L tracks the MSCI India NR USD. Both are passively managed. Over the past 5 years, FLXI.L returned 5.07%/yr vs 4.68%/yr for IIND.L. Their correlation of 0.92 suggests significant overlap in exposure. FLXI.L charges 0.19%/yr vs 0.65%/yr for IIND.L.
Performance
FLXI.L vs. IIND.L - Performance Comparison
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Different Trading Currencies
FLXI.L is traded in USD, while IIND.L is traded in GBP. To make them comparable, the IIND.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLXI.L achieves a -8.59% return, which is significantly higher than IIND.L's -9.68% return.
FLXI.L
- 1D
- 0.24%
- 1M
- -0.91%
- 6M
- -6.45%
- YTD
- -8.59%
- 1Y
- -9.65%
- 3Y*
- 5.34%
- 5Y*
- 5.07%
- 10Y*
- —
IIND.L
- 1D
- 0.86%
- 1M
- 0.74%
- 6M
- -7.36%
- YTD
- -9.68%
- 1Y
- -10.63%
- 3Y*
- 4.56%
- 5Y*
- 4.68%
- 10Y*
- —
FLXI.L vs. IIND.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXI.L Franklin FTSE India UCITS ETF USD (Acc) | -8.59% | 2.92% | 10.75% | 22.03% | -8.29% | 24.89% | 13.06% | -0.07% |
IIND.L iShares MSCI India UCITS ETF USD (Acc) | -9.68% | 4.39% | 9.28% | 18.36% | -8.26% | 25.80% | 13.87% | 1.48% |
Correlation
The correlation between FLXI.L and IIND.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.92 |
The correlation between FLXI.L and IIND.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
FLXI.L vs. IIND.L — Risk / Return Rank
FLXI.L
IIND.L
FLXI.L vs. IIND.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) and iShares MSCI India UCITS ETF USD (Acc) (IIND.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.
| FLXI.L | IIND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.91 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.53 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.16 | -0.07 |
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Drawdowns
FLXI.L vs. IIND.L - Drawdown Comparison
The maximum FLXI.L drawdown since its inception was -41.86%, smaller than the maximum IIND.L drawdown of -52.15%. Use the drawdown chart below to compare losses from any high point for FLXI.L and IIND.L.
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Drawdown Indicators
| FLXI.L | IIND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -52.15% | +10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -18.12% | -20.04% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -24.89% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -24.89% | +1.90% |
Current DrawdownCurrent decline from peak | -16.04% | -17.36% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -14.48% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.85% | 9.15% | -1.30% |
Volatility
FLXI.L vs. IIND.L - Volatility Comparison
The current volatility for Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) is 4.00%, while iShares MSCI India UCITS ETF USD (Acc) (IIND.L) has a volatility of 4.37%. This indicates that FLXI.L experiences smaller price fluctuations and is considered to be less risky than IIND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXI.L | IIND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.37% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 14.64% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 16.89% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 22.29% | -5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.37% | 25.78% | -4.41% |
FLXI.L vs. IIND.L - Expense Ratio Comparison
FLXI.L has a 0.19% expense ratio, which is lower than IIND.L's 0.65% expense ratio.
Dividends
FLXI.L vs. IIND.L - Dividend Comparison
Neither FLXI.L nor IIND.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, FLXI.L and IIND.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FLXI.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI.L is cheaper with a 0.19% expense ratio, compared with 0.65% for IIND.L.
FLXI.L tracks FTSE India 30/18 Capped Index - Net Return, while IIND.L tracks MSCI India NR USD. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.19% for FLXI.L and 0.65% for IIND.L.
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