FLXI.L vs. XNIF.L
FLXI.L (Franklin FTSE India UCITS ETF USD (Acc)) and XNIF.L (Xtrackers Nifty 50 Swap UCITS ETF 1C) are both India Equities funds - FLXI.L tracks the FTSE India 30/18 Capped Index - Net Return while XNIF.L tracks the MSCI India NR USD. Both are passively managed. Over the past 5 years, FLXI.L returned 5.07%/yr vs 3.19%/yr for XNIF.L. Their correlation of 0.89 suggests significant overlap in exposure. FLXI.L charges 0.19%/yr vs 0.85%/yr for XNIF.L.
Performance
FLXI.L vs. XNIF.L - Performance Comparison
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Different Trading Currencies
FLXI.L is traded in USD, while XNIF.L is traded in GBp. To make them comparable, the XNIF.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 XNIF.L's -13.63% 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*
- —
XNIF.L
- 1D
- 1.00%
- 1M
- -0.04%
- 6M
- -10.64%
- YTD
- -13.63%
- 1Y
- -14.08%
- 3Y*
- 1.24%
- 5Y*
- 3.19%
- 10Y*
- 6.44%
FLXI.L vs. XNIF.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% |
XNIF.L Xtrackers Nifty 50 Swap UCITS ETF 1C | -13.63% | 5.71% | 4.93% | 17.89% | -6.15% | 21.99% | 10.80% | 0.55% |
Correlation
The correlation between FLXI.L and XNIF.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.89 |
The correlation between FLXI.L and XNIF.L has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
FLXI.L vs. XNIF.L — Risk / Return Rank
FLXI.L
XNIF.L
FLXI.L vs. XNIF.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 Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.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 | XNIF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.87 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.67 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.35 | +0.12 |
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Drawdowns
FLXI.L vs. XNIF.L - Drawdown Comparison
The maximum FLXI.L drawdown since its inception was -41.86%, smaller than the maximum XNIF.L drawdown of -84.41%. Use the drawdown chart below to compare losses from any high point for FLXI.L and XNIF.L.
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Drawdown Indicators
| FLXI.L | XNIF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -84.41% | +42.55% |
Max Drawdown (1Y)Largest decline over 1 year | -18.12% | -20.84% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -22.99% | -24.92% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -24.92% | +1.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.68% | — |
Current DrawdownCurrent decline from peak | -16.04% | -23.80% | +7.76% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -48.36% | +40.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.85% | 10.45% | -2.60% |
Volatility
FLXI.L vs. XNIF.L - Volatility Comparison
The current volatility for Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) is 4.00%, while Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) has a volatility of 4.35%. This indicates that FLXI.L experiences smaller price fluctuations and is considered to be less risky than XNIF.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 | XNIF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.35% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 13.74% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 15.86% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 21.67% | -4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.37% | 22.52% | -1.15% |
FLXI.L vs. XNIF.L - Expense Ratio Comparison
FLXI.L has a 0.19% expense ratio, which is lower than XNIF.L's 0.85% expense ratio.
Dividends
FLXI.L vs. XNIF.L - Dividend Comparison
Neither FLXI.L nor XNIF.L has paid dividends to shareholders.
Frequently Asked Questions
FLXI.L and XNIF.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 XNIF.L.
FLXI.L tracks FTSE India 30/18 Capped Index - Net Return, while XNIF.L tracks MSCI India NR USD. They also come from different issuers: Franklin and Xtrackers. Their fees differ too: 0.19% for FLXI.L and 0.85% for XNIF.L.
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