FRIN.L vs. CI2G.L

Last updated Jun 5, 2026

FRIN.L (Franklin FTSE India UCITS ETF) and CI2G.L (Amundi MSCI India UCITS ETF USD) are both Asia Pacific Equities funds tracking the MSCI India NR USD, from Franklin Templeton and Amundi respectively. Both are passively managed. Over the past 5 years, FRIN.L returned 5.47%/yr vs 3.82%/yr for CI2G.L. Their correlation of 0.93 suggests significant overlap in exposure. FRIN.L charges 0.19%/yr vs 0.80%/yr for CI2G.L.

Performance

FRIN.L vs. CI2G.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin FTSE India UCITS ETF (FRIN.L) and Amundi MSCI India UCITS ETF USD (CI2G.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FRIN.L is traded in GBP, while CI2G.L is traded in GBp. To make them comparable, the CI2G.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FRIN.L achieves a -10.53% return, which is significantly higher than CI2G.L's -12.55% return.

FRIN.L

• 1D: 1.44%
• 1M: -0.76%
• YTD: -10.53%
• 6M: -10.61%
• 1Y: -9.00%
• 3Y*: 3.96%
• 5Y*: 5.47%
• 10Y*: —

CI2G.L

• 1D: 1.23%
• 1M: -1.71%
• YTD: -12.55%
• 6M: -12.47%
• 1Y: -12.13%
• 3Y*: 1.96%
• 5Y*: 3.82%
• 10Y*: 7.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRIN.L vs. CI2G.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRIN.L Franklin FTSE India UCITS ETF	-10.53%	-4.08%	12.58%	14.76%	3.17%	26.55%	9.19%	-4.64%
CI2G.L Amundi MSCI India UCITS ETF USD	-12.55%	-5.46%	11.34%	12.20%	2.39%	24.86%	10.51%	-4.54%

Correlation

The correlation between FRIN.L and CI2G.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.93

The correlation between FRIN.L and CI2G.L shifts across timeframes, from 0.76 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

FRIN.L vs. CI2G.L - Sectors Allocation Comparison

Sectors	FRIN.L	CI2G.L
Financial Services	27.1%	28.3%
Consumer Cyclical	12.0%	12.4%
Industrials	10.3%	10.2%
Energy	9.5%	9.5%
Basic Materials	9.2%	8.5%
Technology	8.4%	8.2%
Healthcare	6.5%	6.1%
Consumer Defensive	5.8%	6.2%
Utilities	5.3%	4.5%
Communication Services	4.6%	4.7%
Real Estate	1.3%	1.3%

Return for Risk

FRIN.L vs. CI2G.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRIN.L

FRIN.L Risk / Return Rank: 4
FRIN.L Sharpe Ratio Rank: 4
FRIN.L Sortino Ratio Rank: 4
FRIN.L Omega Ratio Rank: 4
FRIN.L Calmar Ratio Rank: 5
FRIN.L Martin Ratio Rank: 4

CI2G.L

CI2G.L Risk / Return Rank: 3
CI2G.L Sharpe Ratio Rank: 3
CI2G.L Sortino Ratio Rank: 3
CI2G.L Omega Ratio Rank: 3
CI2G.L Calmar Ratio Rank: 4
CI2G.L Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRIN.L vs. CI2G.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FRIN.L) and Amundi MSCI India UCITS ETF USD (CI2G.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.

	FRIN.L	CI2G.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	-0.75	+0.11
Sortino ratio: Return per unit of downside risk	-0.84	-0.95	+0.12
Omega ratio: Gain probability vs. loss probability	0.91	0.89	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.59	+0.09
Martin ratio: Return relative to average drawdown	-1.14	-1.37	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRIN.L vs. CI2G.L - Sharpe Ratio Comparison

The current FRIN.L Sharpe Ratio is -0.64, which is comparable to the CI2G.L Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of FRIN.L and CI2G.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRIN.L	CI2G.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.64	-0.75	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.24	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.40	-0.09

Drawdowns

FRIN.L vs. CI2G.L - Drawdown Comparison

The maximum FRIN.L drawdown since its inception was -36.20%, roughly equal to the maximum CI2G.L drawdown of -37.13%. Use the drawdown chart below to compare losses from any high point for FRIN.L and CI2G.L.

Drawdown Indicators

	FRIN.L	CI2G.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.20%	-37.13%	+0.93%
Max Drawdown (1Y) Largest decline over 1 year	-17.95%	-20.32%	+2.37%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-27.30%	+4.93%
Max Drawdown (5Y) Largest decline over 5 years	-22.37%	-27.30%	+4.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.13%	—
Current Drawdown Current decline from peak	-18.75%	-23.55%	+4.80%
Average Drawdown Average peak-to-trough decline	-7.14%	-7.24%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.91%	8.84%	-0.93%

Volatility

FRIN.L vs. CI2G.L - Volatility Comparison

Franklin FTSE India UCITS ETF (FRIN.L) and Amundi MSCI India UCITS ETF USD (CI2G.L) have volatilities of 5.74% and 5.70%, 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.

Volatility by Period

	FRIN.L	CI2G.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	5.70%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	13.70%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	16.10%	-2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	16.04%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	19.77%	-0.36%

FRIN.L vs. CI2G.L - Expense Ratio Comparison

FRIN.L has a 0.19% expense ratio, which is lower than CI2G.L's 0.80% expense ratio.

Dividends

FRIN.L vs. CI2G.L - Dividend Comparison

Neither FRIN.L nor CI2G.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FRIN.L and CI2G.L in my portfolio?

FRIN.L and CI2G.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FRIN.L or CI2G.L?

On fees, FRIN.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FRIN.L or CI2G.L?

FRIN.L is cheaper with a 0.19% expense ratio, compared with 0.80% for CI2G.L.

What is the main difference between FRIN.L and CI2G.L?

Both ETFs track MSCI India NR USD. They also come from different issuers: Franklin Templeton and Amundi. Their fees differ too: 0.19% for FRIN.L and 0.80% for CI2G.L.