FRIN.L vs. ESPS.L

Last updated Jun 5, 2026

FRIN.L (Franklin FTSE India UCITS ETF) and ESPS.L (Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc) are both Asia Pacific Equities funds - FRIN.L tracks the MSCI India NR USD while ESPS.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 5 years, FRIN.L returned 5.47%/yr vs 6.05%/yr for ESPS.L. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.19% expense ratio.

Performance

FRIN.L vs. ESPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin FTSE India UCITS ETF (FRIN.L) and Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FRIN.L is traded in GBP, while ESPS.L is traded in GBp. To make them comparable, the ESPS.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 lower than ESPS.L's 6.57% 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*: —

ESPS.L

• 1D: -0.78%
• 1M: 0.04%
• YTD: 6.57%
• 6M: 7.12%
• 1Y: 14.60%
• 3Y*: 9.38%
• 5Y*: 6.05%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
FRIN.L Franklin FTSE India UCITS ETF	-10.53%	-4.08%	12.58%	14.76%	3.17%	20.38%
ESPS.L Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc	6.57%	10.52%	7.35%	2.26%	1.34%	5.87%

Correlation

The correlation between FRIN.L and ESPS.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021	0.16

The correlation between FRIN.L and ESPS.L shifts across timeframes, from 0.16 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

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

Sectors	FRIN.L	ESPS.L
Financial Services	27.1%	50.7%
Consumer Cyclical	12.0%	6.8%
Industrials	10.3%	7.2%
Energy	9.5%	3.0%
Basic Materials	9.2%	11.6%
Technology	8.4%	1.4%
Healthcare	6.5%	4.0%
Consumer Defensive	5.8%	2.6%
Utilities	5.3%	2.2%
Communication Services	4.6%	2.6%
Real Estate	1.3%	7.8%

Return for Risk

FRIN.L vs. ESPS.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

ESPS.L

ESPS.L Risk / Return Rank: 38
ESPS.L Sharpe Ratio Rank: 39
ESPS.L Sortino Ratio Rank: 39
ESPS.L Omega Ratio Rank: 37
ESPS.L Calmar Ratio Rank: 40
ESPS.L Martin Ratio Rank: 36

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. ESPS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FRIN.L) and Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.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	ESPS.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	1.34	-1.98
Sortino ratio: Return per unit of downside risk	-0.84	1.98	-2.81
Omega ratio: Gain probability vs. loss probability	0.91	1.24	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.50	1.93	-2.43
Martin ratio: Return relative to average drawdown	-1.14	5.53	-6.67
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. ESPS.L - Sharpe Ratio Comparison

The current FRIN.L Sharpe Ratio is -0.64, which is lower than the ESPS.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of FRIN.L and ESPS.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	ESPS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.64	1.34	-1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.59	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.66	-0.34

Drawdowns

FRIN.L vs. ESPS.L - Drawdown Comparison

The maximum FRIN.L drawdown since its inception was -36.20%, which is greater than ESPS.L's maximum drawdown of -17.76%. Use the drawdown chart below to compare losses from any high point for FRIN.L and ESPS.L.

Drawdown Indicators

	FRIN.L	ESPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.20%	-17.76%	-18.44%
Max Drawdown (1Y) Largest decline over 1 year	-17.95%	-7.52%	-10.43%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-17.76%	-4.61%
Max Drawdown (5Y) Largest decline over 5 years	-22.37%	-17.76%	-4.61%
Current Drawdown Current decline from peak	-18.75%	-4.04%	-14.71%
Average Drawdown Average peak-to-trough decline	-7.14%	-4.55%	-2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.91%	2.63%	+5.28%

Volatility

FRIN.L vs. ESPS.L - Volatility Comparison

Franklin FTSE India UCITS ETF (FRIN.L) has a higher volatility of 5.74% compared to Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) at 3.56%. This indicates that FRIN.L's price experiences larger fluctuations and is considered to be riskier than ESPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRIN.L	ESPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	3.56%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	8.36%	+3.46%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	10.84%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	18.86%	-3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	18.86%	+0.55%

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

Both FRIN.L and ESPS.L have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FRIN.L vs. ESPS.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

FRIN.L and ESPS.L have a correlation of 0.36, 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 ESPS.L?

Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

FRIN.L and ESPS.L have the same expense ratio: 0.19% per year.

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

FRIN.L tracks MSCI India NR USD, while ESPS.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: Franklin Templeton and Invesco.