FLXK.DE vs. FLKR

Last updated Jun 5, 2026

FLXK.DE (Franklin FTSE Korea UCITS ETF) and FLKR (Franklin FTSE South Korea ETF) are both Asia Pacific Equities funds from Franklin Templeton - FLXK.DE tracks the FTSE Korea 30/18 Capped while FLKR tracks the FTSE South Korea RIC Capped Index. Both are passively managed. Over the past 5 years, FLXK.DE returned 20.42%/yr vs 19.51%/yr for FLKR. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.09% expense ratio.

Performance

FLXK.DE vs. FLKR - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Franklin FTSE Korea UCITS ETF (FLXK.DE) and Franklin FTSE South Korea ETF (FLKR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLXK.DE is traded in EUR, while FLKR is traded in USD. To make them comparable, the FLKR values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLXK.DE achieves a 113.07% return, which is significantly higher than FLKR's 107.30% return.

FLXK.DE

• 1D: -5.45%
• 1M: 18.44%
• YTD: 113.07%
• 6M: 130.94%
• 1Y: 225.04%
• 3Y*: 46.07%
• 5Y*: 20.42%
• 10Y*: —

FLKR

• 1D: -4.54%
• 1M: 17.10%
• YTD: 107.30%
• 6M: 122.23%
• 1Y: 207.84%
• 3Y*: 45.00%
• 5Y*: 19.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLXK.DE vs. FLKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLXK.DE Franklin FTSE Korea UCITS ETF	113.07%	73.17%	-17.06%	16.74%	-23.45%	0.14%	34.15%	14.19%
FLKR Franklin FTSE South Korea ETF	107.30%	69.14%	-13.48%	15.59%	-23.00%	-0.62%	30.88%	13.65%

Correlation

The correlation between FLXK.DE and FLKR is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 6, 2019	0.82

The correlation between FLXK.DE and FLKR has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

Return for Risk

FLXK.DE vs. FLKR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLXK.DE

FLXK.DE Risk / Return Rank: 97
FLXK.DE Sharpe Ratio Rank: 98
FLXK.DE Sortino Ratio Rank: 96
FLXK.DE Omega Ratio Rank: 96
FLXK.DE Calmar Ratio Rank: 97
FLXK.DE Martin Ratio Rank: 96

FLKR

FLKR Risk / Return Rank: 96
FLKR Sharpe Ratio Rank: 98
FLKR Sortino Ratio Rank: 94
FLKR Omega Ratio Rank: 94
FLKR Calmar Ratio Rank: 96
FLKR Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLXK.DE vs. FLKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLXK.DE) and Franklin FTSE South Korea ETF (FLKR). 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.

	FLXK.DE	FLKR	Difference
Sharpe ratio: Return per unit of total volatility	5.91	5.23	+0.68
Sortino ratio: Return per unit of downside risk	5.46	4.93	+0.54
Omega ratio: Gain probability vs. loss probability	1.79	1.69	+0.09
Calmar ratio: Return relative to maximum drawdown	10.68	10.15	+0.53
Martin ratio: Return relative to average drawdown	38.63	35.41	+3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLXK.DE vs. FLKR - Sharpe Ratio Comparison

The current FLXK.DE Sharpe Ratio is 5.91, which is comparable to the FLKR Sharpe Ratio of 5.23. The chart below compares the historical Sharpe Ratios of FLXK.DE and FLKR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLXK.DE	FLKR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.91	5.23	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.74	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.55	+0.29

Drawdowns

FLXK.DE vs. FLKR - Drawdown Comparison

The maximum FLXK.DE drawdown since its inception was -39.43%, roughly equal to the maximum FLKR drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for FLXK.DE and FLKR.

Drawdown Indicators

	FLXK.DE	FLKR	Difference
Max Drawdown Largest peak-to-trough decline	-39.43%	-41.37%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-20.92%	-20.61%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-29.99%	-27.22%	-2.77%
Max Drawdown (5Y) Largest decline over 5 years	-39.36%	-38.52%	-0.84%
Current Drawdown Current decline from peak	-5.90%	-5.94%	+0.04%
Average Drawdown Average peak-to-trough decline	-15.54%	-16.72%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.80%	5.90%	-0.10%

Volatility

FLXK.DE vs. FLKR - Volatility Comparison

The current volatility for Franklin FTSE Korea UCITS ETF (FLXK.DE) is 17.58%, while Franklin FTSE South Korea ETF (FLKR) has a volatility of 19.72%. This indicates that FLXK.DE experiences smaller price fluctuations and is considered to be less risky than FLKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXK.DE	FLKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.58%	19.72%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	33.23%	35.38%	-2.15%
Volatility (1Y) Calculated over the trailing 1-year period	37.87%	40.06%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.35%	26.39%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.75%	26.34%	+0.41%

FLXK.DE vs. FLKR - Expense Ratio Comparison

Both FLXK.DE and FLKR have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FLXK.DE vs. FLKR - Dividend Comparison

FLXK.DE has not paid dividends to shareholders, while FLKR's dividend yield for the trailing twelve months is around 1.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKR Franklin FTSE South Korea ETF	1.89%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%
FLXK.DE Franklin FTSE Korea UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLXK.DE and FLKR in my portfolio?

FLXK.DE and FLKR have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXK.DE or FLKR?

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXK.DE or FLKR?

FLXK.DE and FLKR have the same expense ratio: 0.09% per year.

What is the main difference between FLXK.DE and FLKR?

FLXK.DE tracks FTSE Korea 30/18 Capped, while FLKR tracks FTSE South Korea RIC Capped Index.