FLXK.L vs. FLQA.L
FLXK.L (Franklin FTSE Korea UCITS ETF) and FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF) are both exchange-traded funds - FLXK.L is a Global Equities fund tracking the Franklin FTSE Korea UCITS ETF, while FLQA.L is a China Equities fund tracking the Franklin FTSE Asia ex China ex Japan UCITS ETF. Both are passively managed. Over the past 5 years, FLXK.L returned 15.67%/yr vs 12.63%/yr for FLQA.L. Their correlation of 0.80 suggests significant overlap in exposure. FLXK.L charges 0.09%/yr vs 0.14%/yr for FLQA.L.
Performance
FLXK.L vs. FLQA.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLXK.L achieves a 75.46% return, which is significantly higher than FLQA.L's 32.52% return.
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
FLQA.L
- 1D
- -1.74%
- 1M
- -9.13%
- 6M
- 26.58%
- YTD
- 32.52%
- 1Y
- 52.26%
- 3Y*
- 25.15%
- 5Y*
- 12.63%
- 10Y*
- —
FLXK.L vs. FLQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF | 32.52% | 29.84% | 7.76% | 12.02% | -12.93% | 4.57% | 6.71% | 6.31% |
Correlation
The correlation between FLXK.L and FLQA.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.80 |
The correlation between FLXK.L and FLQA.L has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
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Return for Risk
FLXK.L vs. FLQA.L — Risk / Return Rank
FLXK.L
FLQA.L
FLXK.L vs. FLQA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLXK.L) and Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.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 | FLQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.86 | 3.75 | +2.11 |
| Martin ratioReturn relative to average drawdown | 18.40 | 11.86 | +6.54 |
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Drawdowns
FLXK.L vs. FLQA.L - Drawdown Comparison
The maximum FLXK.L drawdown since its inception was -49.43%, which is greater than FLQA.L's maximum drawdown of -29.21%. Use the drawdown chart below to compare losses from any high point for FLXK.L and FLQA.L.
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Drawdown Indicators
| FLXK.L | FLQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.43% | -29.21% | -20.22% |
Max Drawdown (1Y)Largest decline over 1 year | -24.10% | -13.77% | -10.33% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -22.19% | -6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -47.00% | -25.38% | -21.62% |
Current DrawdownCurrent decline from peak | -24.10% | -12.64% | -11.46% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -7.22% | -13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 4.36% | +3.34% |
Volatility
FLXK.L vs. FLQA.L - Volatility Comparison
Franklin FTSE Korea UCITS ETF (FLXK.L) has a higher volatility of 19.75% compared to Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.L) at 11.18%. This indicates that FLXK.L's price experiences larger fluctuations and is considered to be riskier than FLQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXK.L | FLQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.75% | 11.18% | +8.57% |
Volatility (6M)Calculated over the trailing 6-month period | 41.53% | 22.99% | +18.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.08% | 25.11% | +19.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 17.74% | +11.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.61% | 18.52% | +11.09% |
FLXK.L vs. FLQA.L - Expense Ratio Comparison
FLXK.L has a 0.09% expense ratio, which is lower than FLQA.L's 0.14% 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.L vs. FLQA.L - Dividend Comparison
Neither FLXK.L nor FLQA.L has paid dividends to shareholders.
Frequently Asked Questions
FLXK.L and FLQA.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.14% for FLQA.L.
FLXK.L is categorized as Global Equities, while FLQA.L is China Equities. FLXK.L tracks Franklin FTSE Korea UCITS ETF, while FLQA.L tracks Franklin FTSE Asia ex China ex Japan UCITS ETF. Their fees differ too: 0.09% for FLXK.L and 0.14% for FLQA.L.
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