FLXK.DE vs. SPYU.DE
FLXK.DE (Franklin FTSE Korea UCITS ETF) and SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - FLXK.DE is a Asia Pacific Equities fund tracking the FTSE Korea 30/18 Capped, while SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped. Both are passively managed. Over the past 5 years, FLXK.DE returned 20.69%/yr vs 12.74%/yr for SPYU.DE. At a 0.27 correlation, their price movements are largely independent. FLXK.DE charges 0.09%/yr vs 0.18%/yr for SPYU.DE.
Performance
FLXK.DE vs. SPYU.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLXK.DE achieves a 120.70% return, which is significantly higher than SPYU.DE's 17.45% return.
FLXK.DE
- 1D
- 2.42%
- 1M
- 6.06%
- YTD
- 120.70%
- 6M
- 135.17%
- 1Y
- 205.43%
- 3Y*
- 49.56%
- 5Y*
- 20.69%
- 10Y*
- —
SPYU.DE
- 1D
- 1.76%
- 1M
- 0.96%
- YTD
- 17.45%
- 6M
- 18.51%
- 1Y
- 29.73%
- 3Y*
- 18.17%
- 5Y*
- 12.74%
- 10Y*
- 11.94%
FLXK.DE vs. SPYU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXK.DE Franklin FTSE Korea UCITS ETF | 120.70% | 73.19% | -17.07% | 16.75% | -23.45% | 0.14% | 34.15% | 1.72% |
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 17.45% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 17.44% |
Correlation
The correlation between FLXK.DE and SPYU.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.27 |
The correlation between FLXK.DE and SPYU.DE shifts across timeframes, from 0.14 (3 years) to 0.27 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLXK.DE vs. SPYU.DE — Risk / Return Rank
FLXK.DE
SPYU.DE
FLXK.DE vs. SPYU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLXK.DE) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.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.
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.
| FLXK.DE | SPYU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.36 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 9.75 | 3.99 | +5.77 |
| Martin ratioReturn relative to average drawdown | 33.05 | 10.69 | +22.36 |
Loading charts...
Drawdowns
FLXK.DE vs. SPYU.DE - Drawdown Comparison
The maximum FLXK.DE drawdown since its inception was -39.43%, which is greater than SPYU.DE's maximum drawdown of -32.98%. Use the drawdown chart below to compare losses from any high point for FLXK.DE and SPYU.DE.
Loading charts...
Drawdown Indicators
| FLXK.DE | SPYU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.43% | -32.98% | -6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -20.92% | -7.43% | -13.49% |
Max Drawdown (3Y)Largest decline over 3 years | -29.99% | -13.44% | -16.55% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -22.28% | -17.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.98% | — |
Current DrawdownCurrent decline from peak | -6.66% | -1.55% | -5.11% |
Average DrawdownAverage peak-to-trough decline | -15.81% | -7.00% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.19% | 2.77% | +3.42% |
Volatility
FLXK.DE vs. SPYU.DE - Volatility Comparison
Franklin FTSE Korea UCITS ETF (FLXK.DE) has a higher volatility of 19.24% compared to SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) at 3.15%. This indicates that FLXK.DE's price experiences larger fluctuations and is considered to be riskier than SPYU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLXK.DE | SPYU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.24% | 3.15% | +16.09% |
Volatility (6M)Calculated over the trailing 6-month period | 37.03% | 13.08% | +23.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.98% | 15.03% | +25.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.45% | 16.00% | +10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.69% | 16.94% | +10.75% |
FLXK.DE vs. SPYU.DE - Expense Ratio Comparison
FLXK.DE has a 0.09% expense ratio, which is lower than SPYU.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLXK.DE vs. SPYU.DE - Dividend Comparison
Neither FLXK.DE nor SPYU.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXK.DE and SPYU.DE have a correlation of 0.16, 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 0.18% for SPYU.DE.
FLXK.DE is categorized as Asia Pacific Equities, while SPYU.DE is Utilities Equities. FLXK.DE tracks FTSE Korea 30/18 Capped, while SPYU.DE tracks MSCI Europe Utilities 20/35 Capped. They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.09% for FLXK.DE and 0.18% for SPYU.DE.
Find the right allocation for FLXK.DE and SPYU.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer