FLXI.L vs. SPXS.L
FLXI.L (Franklin FTSE India UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - FLXI.L tracks the Franklin FTSE India UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, FLXI.L returned 4.92%/yr vs -54.94%/yr for SPXS.L. At a 0.48 correlation, their price movements are largely independent. FLXI.L charges 0.19%/yr vs 0.05%/yr for SPXS.L.
Performance
FLXI.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLXI.L achieves a -9.22% return, which is significantly lower than SPXS.L's 10.20% return.
FLXI.L
- 1D
- -0.33%
- 1M
- -1.15%
- 6M
- -7.85%
- YTD
- -9.22%
- 1Y
- -10.39%
- 3Y*
- 5.09%
- 5Y*
- 4.92%
- 10Y*
- —
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
FLXI.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXI.L Franklin FTSE India UCITS ETF | -9.22% | 2.92% | 10.75% | 22.03% | -8.29% | 24.89% | 13.06% | -0.07% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 10.14% |
Correlation
The correlation between FLXI.L and SPXS.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.48 |
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Return for Risk
FLXI.L vs. SPXS.L — Risk / Return Rank
FLXI.L
SPXS.L
FLXI.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FLXI.L) and Invesco S&P 500 UCITS ETF (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.52 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -1.00 | +0.41 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.23 | -0.14 |
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Drawdowns
FLXI.L vs. SPXS.L - Drawdown Comparison
The maximum FLXI.L drawdown since its inception was -41.86%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for FLXI.L and SPXS.L.
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Drawdown Indicators
| FLXI.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -99.07% | +57.21% |
Max Drawdown (1Y)Largest decline over 1 year | -18.12% | -99.07% | +80.95% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -99.07% | +76.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -99.07% | +76.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -16.62% | -98.90% | +82.28% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -7.67% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.82% | 80.57% | -72.75% |
Volatility
FLXI.L vs. SPXS.L - Volatility Comparison
Franklin FTSE India UCITS ETF (FLXI.L) has a higher volatility of 3.99% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that FLXI.L's price experiences larger fluctuations and is considered to be riskier than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.73% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.02% | 9.24% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 99.43% | -83.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 47.13% | -30.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 35.27% | -13.89% |
FLXI.L vs. SPXS.L - Expense Ratio Comparison
FLXI.L has a 0.19% expense ratio, which is higher than SPXS.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLXI.L vs. SPXS.L - Dividend Comparison
Neither FLXI.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
FLXI.L and SPXS.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.19% for FLXI.L.
FLXI.L tracks Franklin FTSE India UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: Franklin and Invesco. Their fees differ too: 0.19% for FLXI.L and 0.05% for SPXS.L.
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