FLXK.L vs. FLXB.L
FLXK.L (Franklin FTSE Korea UCITS ETF) and FLXB.L (Franklin FTSE Brazil UCITS ETF) are both Global Equities funds from Franklin - FLXK.L tracks the Franklin FTSE Korea UCITS ETF while FLXB.L tracks the Franklin FTSE Brazil UCITS ETF. Both are passively managed. Over the past 5 years, FLXK.L returned 15.67%/yr vs 6.80%/yr for FLXB.L. At a 0.42 correlation, their price movements are largely independent. FLXK.L charges 0.09%/yr vs 0.19%/yr for FLXB.L.
Performance
FLXK.L vs. FLXB.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 FLXB.L's 17.17% 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*
- —
FLXB.L
- 1D
- 0.13%
- 1M
- 1.17%
- 6M
- 13.24%
- YTD
- 17.17%
- 1Y
- 39.35%
- 3Y*
- 12.11%
- 5Y*
- 6.80%
- 10Y*
- —
FLXK.L vs. FLXB.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% |
FLXB.L Franklin FTSE Brazil UCITS ETF | 17.17% | 45.49% | -27.92% | 33.43% | 10.93% | -16.59% | -19.42% | 12.18% |
Correlation
The correlation between FLXK.L and FLXB.L 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 | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.43 |
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Return for Risk
FLXK.L vs. FLXB.L — Risk / Return Rank
FLXK.L
FLXB.L
FLXK.L vs. FLXB.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 Brazil UCITS ETF (FLXB.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 | FLXB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.28 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.86 | 2.21 | +3.65 |
| Martin ratioReturn relative to average drawdown | 18.40 | 5.73 | +12.68 |
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Drawdowns
FLXK.L vs. FLXB.L - Drawdown Comparison
The maximum FLXK.L drawdown since its inception was -49.43%, smaller than the maximum FLXB.L drawdown of -56.54%. Use the drawdown chart below to compare losses from any high point for FLXK.L and FLXB.L.
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Drawdown Indicators
| FLXK.L | FLXB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.43% | -56.54% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -24.10% | -17.78% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -28.79% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -47.00% | -32.17% | -14.83% |
Current DrawdownCurrent decline from peak | -24.10% | -12.54% | -11.56% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -18.96% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 6.89% | +0.81% |
Volatility
FLXK.L vs. FLXB.L - Volatility Comparison
Franklin FTSE Korea UCITS ETF (FLXK.L) has a higher volatility of 19.75% compared to Franklin FTSE Brazil UCITS ETF (FLXB.L) at 6.41%. This indicates that FLXK.L's price experiences larger fluctuations and is considered to be riskier than FLXB.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 | FLXB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.75% | 6.41% | +13.34% |
Volatility (6M)Calculated over the trailing 6-month period | 41.53% | 18.27% | +23.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.08% | 23.82% | +21.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 27.18% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.61% | 32.03% | -2.42% |
FLXK.L vs. FLXB.L - Expense Ratio Comparison
FLXK.L has a 0.09% expense ratio, which is lower than FLXB.L's 0.19% 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. FLXB.L - Dividend Comparison
Neither FLXK.L nor FLXB.L has paid dividends to shareholders.
Frequently Asked Questions
FLXK.L and FLXB.L 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.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 0.19% for FLXB.L.
FLXK.L tracks Franklin FTSE Korea UCITS ETF, while FLXB.L tracks Franklin FTSE Brazil UCITS ETF. Their fees differ too: 0.09% for FLXK.L and 0.19% for FLXB.L.
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