FLXI.L vs. INRL.L
FLXI.L (Franklin FTSE India UCITS ETF USD (Acc)) and INRL.L (Lyxor MSCI India UCITS ETF - Acc (USD)) are both India Equities funds - FLXI.L tracks the FTSE India 30/18 Capped Index - Net Return while INRL.L tracks the MSCI India NR USD. Both are passively managed. Over the past 5 years, FLXI.L returned 5.02%/yr vs 3.53%/yr for INRL.L. Their correlation of 0.92 suggests significant overlap in exposure. FLXI.L charges 0.19%/yr vs 0.85%/yr for INRL.L.
Performance
FLXI.L vs. INRL.L - Performance Comparison
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Different Trading Currencies
FLXI.L is traded in USD, while INRL.L is traded in GBp. To make them comparable, the INRL.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 -8.81% return, which is significantly higher than INRL.L's -10.84% return.
FLXI.L
- 1D
- 0.12%
- 1M
- -0.58%
- 6M
- -7.62%
- YTD
- -8.81%
- 1Y
- -10.28%
- 3Y*
- 5.25%
- 5Y*
- 5.02%
- 10Y*
- —
INRL.L
- 1D
- -0.54%
- 1M
- -1.28%
- 6M
- -9.27%
- YTD
- -10.84%
- 1Y
- -12.85%
- 3Y*
- 3.11%
- 5Y*
- 3.53%
- 10Y*
- 6.41%
FLXI.L vs. INRL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXI.L Franklin FTSE India UCITS ETF USD (Acc) | -8.81% | 2.92% | 10.75% | 22.03% | -8.29% | 24.89% | 13.06% | -0.07% |
INRL.L Lyxor MSCI India UCITS ETF - Acc (USD) | -10.84% | 1.38% | 9.34% | 18.50% | -9.38% | 24.67% | 13.04% | 0.86% |
Correlation
The correlation between FLXI.L and INRL.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.92 |
The correlation between FLXI.L and INRL.L has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
FLXI.L vs. INRL.L — Risk / Return Rank
FLXI.L
INRL.L
FLXI.L vs. INRL.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 Lyxor MSCI India UCITS ETF - Acc (USD) (INRL.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 | INRL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.88 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.64 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.41 | +0.10 |
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Drawdowns
FLXI.L vs. INRL.L - Drawdown Comparison
The maximum FLXI.L drawdown since its inception was -41.86%, smaller than the maximum INRL.L drawdown of -81.16%. Use the drawdown chart below to compare losses from any high point for FLXI.L and INRL.L.
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Drawdown Indicators
| FLXI.L | INRL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -81.16% | +39.30% |
Max Drawdown (1Y)Largest decline over 1 year | -18.12% | -20.08% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -27.73% | +4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -27.73% | +4.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.02% | — |
Current DrawdownCurrent decline from peak | -16.25% | -21.51% | +5.26% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -20.22% | +11.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.82% | 9.08% | -1.26% |
Volatility
FLXI.L vs. INRL.L - Volatility Comparison
Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) and Lyxor MSCI India UCITS ETF - Acc (USD) (INRL.L) have volatilities of 3.99% and 4.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXI.L | INRL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 4.18% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.02% | 13.76% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 16.20% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 17.28% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 20.50% | +0.88% |
FLXI.L vs. INRL.L - Expense Ratio Comparison
FLXI.L has a 0.19% expense ratio, which is lower than INRL.L's 0.85% expense ratio.
Dividends
FLXI.L vs. INRL.L - Dividend Comparison
Neither FLXI.L nor INRL.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, FLXI.L and INRL.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 0.85% for INRL.L.
FLXI.L tracks FTSE India 30/18 Capped Index - Net Return, while INRL.L tracks MSCI India NR USD. They also come from different issuers: Franklin and Amundi. Their fees differ too: 0.19% for FLXI.L and 0.85% for INRL.L.
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