FLXK.L vs. HYGN.L
FLXK.L (Franklin FTSE Korea UCITS ETF) and HYGN.L (Global X Hydrogen UCITS ETF) are both Global Equities funds - FLXK.L tracks the Franklin FTSE Korea UCITS ETF while HYGN.L tracks the Global X Hydrogen UCITS ETF. Both are passively managed. Over the past 3 years, FLXK.L returned 39.45%/yr vs -0.82%/yr for HYGN.L. A 0.52 correlation means they provide meaningful diversification when combined. FLXK.L charges 0.09%/yr vs 0.50%/yr for HYGN.L.
Performance
FLXK.L vs. HYGN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLXK.L achieves a 75.46% return, which is significantly higher than HYGN.L's 38.93% 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*
- —
HYGN.L
- 1D
- -4.17%
- 1M
- -25.05%
- 6M
- 14.11%
- YTD
- 38.93%
- 1Y
- 87.84%
- 3Y*
- -0.82%
- 5Y*
- —
- 10Y*
- —
FLXK.L vs. HYGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -21.08% |
HYGN.L Global X Hydrogen UCITS ETF | 38.93% | 54.56% | -33.06% | -34.76% | -26.91% |
Correlation
The correlation between FLXK.L and HYGN.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.52 |
The correlation between FLXK.L and HYGN.L has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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.L vs. HYGN.L — Risk / Return Rank
FLXK.L
HYGN.L
FLXK.L vs. HYGN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLXK.L) and Global X Hydrogen UCITS ETF (HYGN.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 | HYGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.26 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 5.86 | 2.11 | +3.75 |
| Martin ratioReturn relative to average drawdown | 18.40 | 5.61 | +12.79 |
Loading charts...
Drawdowns
FLXK.L vs. HYGN.L - Drawdown Comparison
The maximum FLXK.L drawdown since its inception was -49.43%, smaller than the maximum HYGN.L drawdown of -83.04%. Use the drawdown chart below to compare losses from any high point for FLXK.L and HYGN.L.
Loading charts...
Drawdown Indicators
| FLXK.L | HYGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.43% | -83.04% | +33.61% |
Max Drawdown (1Y)Largest decline over 1 year | -24.10% | -43.35% | +19.25% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -69.01% | +40.47% |
Max Drawdown (5Y)Largest decline over 5 years | -47.00% | — | — |
Current DrawdownCurrent decline from peak | -24.10% | -48.37% | +24.27% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -54.99% | +34.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 16.36% | -8.66% |
Volatility
FLXK.L vs. HYGN.L - Volatility Comparison
Franklin FTSE Korea UCITS ETF (FLXK.L) has a higher volatility of 19.75% compared to Global X Hydrogen UCITS ETF (HYGN.L) at 18.27%. This indicates that FLXK.L's price experiences larger fluctuations and is considered to be riskier than HYGN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLXK.L | HYGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.75% | 18.27% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 41.53% | 40.74% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.08% | 56.78% | -11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 51.72% | -22.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.61% | 51.72% | -22.11% |
FLXK.L vs. HYGN.L - Expense Ratio Comparison
FLXK.L has a 0.09% expense ratio, which is lower than HYGN.L's 0.50% expense ratio.
Dividends
FLXK.L vs. HYGN.L - Dividend Comparison
Neither FLXK.L nor HYGN.L has paid dividends to shareholders.
Frequently Asked Questions
FLXK.L and HYGN.L have a correlation of 0.52, 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 0.50% for HYGN.L.
FLXK.L tracks Franklin FTSE Korea UCITS ETF, while HYGN.L tracks Global X Hydrogen UCITS ETF. They also come from different issuers: Franklin and Global X. Their fees differ too: 0.09% for FLXK.L and 0.50% for HYGN.L.
Find the right allocation for FLXK.L and HYGN.L
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