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FRIN.L vs. IKOR.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FRIN.L vs. IKOR.L

Last updated Jun 5, 2026

FRIN.L (Franklin FTSE India UCITS ETF) and IKOR.L (iShares MSCI Korea UCITS ETF (Dist)) are both Asia Pacific Equities funds - FRIN.L tracks the MSCI India NR USD while IKOR.L tracks the MSCI Korea NR USD. Both are passively managed. Over the past 5 years, FRIN.L returned 5.47%/yr vs 19.90%/yr for IKOR.L. At a 0.37 correlation, their price movements are largely independent. FRIN.L charges 0.19%/yr vs 0.74%/yr for IKOR.L.

Performance

FRIN.L vs. IKOR.L - Performance Comparison

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

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Different Trading Currencies

FRIN.L is traded in GBP, while IKOR.L is traded in GBp. To make them comparable, the IKOR.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 IKOR.L's 107.66% 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*
—

IKOR.L

1D
-4.06%
1M
17.39%
YTD
107.66%
6M
126.31%
1Y
237.26%
3Y*
45.36%
5Y*
19.90%
10Y*
17.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
FRIN.L
Franklin FTSE India UCITS ETF		-10.53%-4.08%12.58%14.76%3.17%26.55%9.19%-4.64%
IKOR.L
iShares MSCI Korea UCITS ETF (Dist)		107.66%85.96%-21.55%13.31%-19.76%-7.30%39.09%3.80%

Correlation

The correlation between FRIN.L and IKOR.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Jul 1, 2019

0.37

The correlation between FRIN.L and IKOR.L shifts across timeframes, from 0.24 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.

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

Sectors
FRIN.L
IKOR.L

Financial Services

27.1%
9.2%

Consumer Cyclical

12.0%
5.7%

Industrials

10.3%
18.8%

Energy

9.5%
1.1%

Basic Materials

9.2%
2.0%

Technology

8.4%
56.0%

Healthcare

6.5%
3.0%

Consumer Defensive

5.8%
1.4%

Utilities

5.3%
0.4%

Communication Services

4.6%
2.6%

Real Estate

1.3%

-

Financial Services

FRIN.L
27.1%
IKOR.L
9.2%

Consumer Cyclical

FRIN.L
12.0%
IKOR.L
5.7%

Industrials

FRIN.L
10.3%
IKOR.L
18.8%

Energy

FRIN.L
9.5%
IKOR.L
1.1%

Basic Materials

FRIN.L
9.2%
IKOR.L
2.0%

Technology

FRIN.L
8.4%
IKOR.L
56.0%

Healthcare

FRIN.L
6.5%
IKOR.L
3.0%

Consumer Defensive

FRIN.L
5.8%
IKOR.L
1.4%

Utilities

FRIN.L
5.3%
IKOR.L
0.4%

Communication Services

FRIN.L
4.6%
IKOR.L
2.6%

Real Estate

FRIN.L
1.3%
IKOR.L

-

Compare stocks, funds, or ETFs

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Franklin FTSE India UCITS ETF

iShares MSCI Korea UCITS ETF (Dist)

Often compared with FRIN.L:
FRIN.L vs. IIND.LFRIN.L vs. FLINFRIN.L vs. XNIF.LFRIN.L vs. XCX5.LFRIN.L vs. AIE.LFRIN.L vs. VNMFRIN.L vs. IGC
Often compared with IKOR.L:
IKOR.L vs. VOOIKOR.L vs. EWYIKOR.L vs. FLRK.LIKOR.L vs. FRXT.LIKOR.L vs. XMID.LIKOR.L vs. CP9U.LIKOR.L vs. CSKR.L

Return for Risk

FRIN.L vs. IKOR.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: 44
Overall Rank
FRIN.L Sharpe Ratio Rank: 44
Sharpe Ratio Rank
FRIN.L Sortino Ratio Rank: 44
Sortino Ratio Rank
FRIN.L Omega Ratio Rank: 44
Omega Ratio Rank
FRIN.L Calmar Ratio Rank: 55
Calmar Ratio Rank
FRIN.L Martin Ratio Rank: 44
Martin Ratio Rank
IKOR.L
IKOR.L Risk / Return Rank: 9797
Overall Rank
IKOR.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
IKOR.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IKOR.L Omega Ratio Rank: 9696
Omega Ratio Rank
IKOR.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IKOR.L Martin Ratio Rank: 9797
Martin Ratio Rank
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. IKOR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FRIN.L) and iShares MSCI Korea UCITS ETF (Dist) (IKOR.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.LIKOR.LDifference
Sharpe ratioReturn per unit of total volatility
-0.64
6.36

-7.00

Sortino ratioReturn per unit of downside risk
-0.84
5.81

-6.65

Omega ratioGain probability vs. loss probability

0.91

1.83

-0.92

Calmar ratioReturn relative to maximum drawdown

-0.50

10.97

-11.47

Martin ratioReturn relative to average drawdown

-1.14

39.06

-40.19

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. IKOR.L - Sharpe Ratio Comparison

The current FRIN.L Sharpe Ratio is -0.64, which is lower than the IKOR.L Sharpe Ratio of 6.36. The chart below compares the historical Sharpe Ratios of FRIN.L and IKOR.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.

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Sharpe Ratios by Period

FRIN.LIKOR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.64

6.36

-7.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.79

-0.43

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.74

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.42

-0.10

Drawdowns

FRIN.L vs. IKOR.L - Drawdown Comparison

The maximum FRIN.L drawdown since its inception was -36.20%, smaller than the maximum IKOR.L drawdown of -61.70%. Use the drawdown chart below to compare losses from any high point for FRIN.L and IKOR.L.

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Drawdown Indicators

FRIN.LIKOR.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.20%

-61.70%

+25.50%

Max Drawdown (1Y)

Largest decline over 1 year

-17.95%

-21.48%

+3.53%

Max Drawdown (3Y)

Largest decline over 3 years

-22.37%

-28.58%

+6.21%

Max Drawdown (5Y)

Largest decline over 5 years

-22.37%

-40.83%

+18.46%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.11%

—

Current Drawdown

Current decline from peak

-18.75%

-5.01%

-13.74%

Average Drawdown

Average peak-to-trough decline

-7.14%

-15.59%

+8.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.91%

6.05%

+1.86%

Volatility

FRIN.L vs. IKOR.L - Volatility Comparison

The current volatility for Franklin FTSE India UCITS ETF (FRIN.L) is 5.74%, while iShares MSCI Korea UCITS ETF (Dist) (IKOR.L) has a volatility of 17.45%. This indicates that FRIN.L experiences smaller price fluctuations and is considered to be less risky than IKOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FRIN.LIKOR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.74%

17.45%

-11.71%

Volatility (6M)

Calculated over the trailing 6-month period

11.82%

32.34%

-20.52%

Volatility (1Y)

Calculated over the trailing 1-year period

14.04%

37.08%

-23.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.52%

25.31%

-9.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.41%

24.76%

-5.35%

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

FRIN.L has a 0.19% expense ratio, which is lower than IKOR.L's 0.74% expense ratio.

Dividends

FRIN.L vs. IKOR.L - Dividend Comparison

FRIN.L has not paid dividends to shareholders, while IKOR.L's dividend yield for the trailing twelve months is around 0.42%.

PositionTTM20252024202320222021202020192018201720162015
FRIN.L
Franklin FTSE India UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IKOR.L
iShares MSCI Korea UCITS ETF (Dist)		0.42%0.83%1.31%1.14%1.34%1.36%0.76%1.28%1.07%0.72%0.57%0.43%

Frequently Asked Questions

FRIN.L and IKOR.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

FRIN.L is cheaper with a 0.19% expense ratio, compared with 0.74% for IKOR.L.

FRIN.L tracks MSCI India NR USD, while IKOR.L tracks MSCI Korea NR USD. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FRIN.L and 0.74% for IKOR.L.

Portfolio Optimizer

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