FLXK.DE vs. OP6E.DE
FLXK.DE (Franklin FTSE Korea UCITS ETF) and OP6E.DE (Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR)) are both Asia Pacific Equities funds - FLXK.DE tracks the FTSE Korea 30/18 Capped while OP6E.DE tracks the Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, FLXK.DE returned 46.07%/yr vs 8.96%/yr for OP6E.DE. A 0.51 correlation means they provide meaningful diversification when combined. FLXK.DE charges 0.09%/yr vs 0.29%/yr for OP6E.DE.
Performance
FLXK.DE vs. OP6E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXK.DE achieves a 113.07% return, which is significantly higher than OP6E.DE's 4.48% 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*
- —
OP6E.DE
- 1D
- -0.61%
- 1M
- -1.08%
- YTD
- 4.48%
- 6M
- 5.87%
- 1Y
- 7.60%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
FLXK.DE vs. OP6E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLXK.DE Franklin FTSE Korea UCITS ETF | 113.07% | 73.17% | -17.06% | 16.74% | -7.46% |
OP6E.DE Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) | 4.48% | 6.39% | 15.17% | 0.41% | -5.27% |
Correlation
The correlation between FLXK.DE and OP6E.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.51 |
The correlation between FLXK.DE and OP6E.DE has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
FLXK.DE vs. OP6E.DE — Risk / Return Rank
FLXK.DE
OP6E.DE
FLXK.DE vs. OP6E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLXK.DE) and Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE). 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 | OP6E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.12 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 10.68 | 1.13 | +9.56 |
| Martin ratioReturn relative to average drawdown | 38.63 | 2.95 | +35.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLXK.DE | OP6E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.91 | 0.66 | +5.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.36 | +0.48 |
Drawdowns
FLXK.DE vs. OP6E.DE - Drawdown Comparison
The maximum FLXK.DE drawdown since its inception was -39.43%, which is greater than OP6E.DE's maximum drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for FLXK.DE and OP6E.DE.
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Drawdown Indicators
| FLXK.DE | OP6E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.43% | -18.34% | -21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -20.92% | -6.72% | -14.20% |
Max Drawdown (3Y)Largest decline over 3 years | -29.99% | -18.34% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | — | — |
Current DrawdownCurrent decline from peak | -5.90% | -4.43% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -15.54% | -4.86% | -10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 2.57% | +3.23% |
Volatility
FLXK.DE vs. OP6E.DE - Volatility Comparison
Franklin FTSE Korea UCITS ETF (FLXK.DE) has a higher volatility of 17.58% compared to Ossiam Bloomberg Asia Pacific ex Japan PAB NR UCITS ETF (EUR) (OP6E.DE) at 2.87%. This indicates that FLXK.DE's price experiences larger fluctuations and is considered to be riskier than OP6E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXK.DE | OP6E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.58% | 2.87% | +14.71% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 8.56% | +24.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.87% | 11.49% | +26.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 14.75% | +10.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.75% | 14.75% | +12.00% |
FLXK.DE vs. OP6E.DE - Expense Ratio Comparison
FLXK.DE has a 0.09% expense ratio, which is lower than OP6E.DE's 0.29% expense ratio.
Dividends
FLXK.DE vs. OP6E.DE - Dividend Comparison
Neither FLXK.DE nor OP6E.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXK.DE and OP6E.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.DE is cheaper with a 0.09% expense ratio, compared with 0.29% for OP6E.DE.
FLXK.DE tracks FTSE Korea 30/18 Capped, while OP6E.DE tracks Bloomberg PAB APAC DM ex-Japan Large & Mid Cap. They also come from different issuers: Franklin Templeton and Natixis. Their fees differ too: 0.09% for FLXK.DE and 0.29% for OP6E.DE.
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