FLXK.L vs. CSKR.L
FLXK.L (Franklin FTSE Korea UCITS ETF USD (Acc)) and CSKR.L (iShares MSCI Korea UCITS ETF (Acc)) are both South Korea Equities funds - FLXK.L tracks the FTSE Korea 30/18 Capped Index (Net Return) while CSKR.L tracks the MSCI Korea NR USD. Both are passively managed. Over the past 5 years, FLXK.L returned 15.68%/yr vs 14.44%/yr for CSKR.L. With a 0.98 correlation, they move nearly in lockstep. FLXK.L charges 0.09%/yr vs 0.65%/yr for CSKR.L.
Performance
FLXK.L vs. CSKR.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLXK.L achieves a 75.50% return, which is significantly higher than CSKR.L's 69.10% return.
FLXK.L
- 1D
- -2.69%
- 1M
- -18.61%
- 6M
- 52.93%
- YTD
- 75.50%
- 1Y
- 142.25%
- 3Y*
- 39.46%
- 5Y*
- 15.68%
- 10Y*
- —
CSKR.L
- 1D
- -2.12%
- 1M
- -20.20%
- 6M
- 47.27%
- YTD
- 69.10%
- 1Y
- 137.51%
- 3Y*
- 37.83%
- 5Y*
- 14.44%
- 10Y*
- 14.21%
FLXK.L vs. CSKR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXK.L Franklin FTSE Korea UCITS ETF USD (Acc) | 75.50% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
CSKR.L iShares MSCI Korea UCITS ETF (Acc) | 69.10% | 99.45% | -22.66% | 19.75% | -28.52% | -8.24% | 44.24% | 14.31% |
Correlation
The correlation between FLXK.L and CSKR.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.98 |
The correlation between FLXK.L and CSKR.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
FLXK.L vs. CSKR.L — Risk / Return Rank
FLXK.L
CSKR.L
FLXK.L vs. CSKR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) and iShares MSCI Korea UCITS ETF (Acc) (CSKR.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.
| FLXK.L | CSKR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.46 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.87 | 5.65 | +0.22 |
| Martin ratioReturn relative to average drawdown | 18.43 | 17.55 | +0.88 |
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Drawdowns
FLXK.L vs. CSKR.L - Drawdown Comparison
The maximum FLXK.L drawdown since its inception was -49.43%, roughly equal to the maximum CSKR.L drawdown of -50.88%. Use the drawdown chart below to compare losses from any high point for FLXK.L and CSKR.L.
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Drawdown Indicators
| FLXK.L | CSKR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.43% | -50.88% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -24.09% | -24.21% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -29.00% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -47.00% | -47.87% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.88% | — |
Current DrawdownCurrent decline from peak | -24.09% | -24.21% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -18.15% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 7.80% | -0.11% |
Volatility
FLXK.L vs. CSKR.L - Volatility Comparison
Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) and iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) have volatilities of 19.69% and 19.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXK.L | CSKR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.69% | 19.51% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 41.50% | 40.84% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.06% | 44.77% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 29.67% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.60% | 27.00% | +2.60% |
FLXK.L vs. CSKR.L - Expense Ratio Comparison
FLXK.L has a 0.09% expense ratio, which is lower than CSKR.L's 0.65% expense ratio.
Dividends
FLXK.L vs. CSKR.L - Dividend Comparison
Neither FLXK.L nor CSKR.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, FLXK.L and CSKR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.65% for CSKR.L.
FLXK.L tracks FTSE Korea 30/18 Capped Index (Net Return), while CSKR.L tracks MSCI Korea NR USD. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.09% for FLXK.L and 0.65% for CSKR.L.
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