FRIN.L vs. INDAX
Compare and contrast key facts about Franklin FTSE India UCITS ETF (FRIN.L) and ALPS/Kotak India ESG Fund (INDAX).
FRIN.L is a passively managed fund by Franklin Templeton that tracks the performance of the MSCI India NR USD. It was launched on Jun 25, 2019. INDAX is managed by ALPS. It was launched on Feb 13, 2011.
Performance
FRIN.L vs. INDAX - Performance Comparison
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FRIN.L vs. INDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FRIN.L Franklin FTSE India UCITS ETF | -13.10% | -4.08% | 12.58% | 14.76% | 3.17% | 26.55% | 9.19% | -4.64% |
INDAX ALPS/Kotak India ESG Fund | -14.70% | -5.23% | 12.88% | 10.94% | -2.23% | 27.57% | 11.31% | -3.03% |
Different Trading Currencies
FRIN.L is traded in GBP, while INDAX is traded in USD. To make them comparable, the INDAX 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 -13.10% return, which is significantly higher than INDAX's -14.70% return.
FRIN.L
- 1D
- 1.18%
- 1M
- -8.00%
- YTD
- -13.10%
- 6M
- -10.18%
- 1Y
- -11.02%
- 3Y*
- 5.52%
- 5Y*
- 5.78%
- 10Y*
- —
INDAX
- 1D
- 1.45%
- 1M
- -9.02%
- YTD
- -14.70%
- 6M
- -12.99%
- 1Y
- -12.33%
- 3Y*
- 1.86%
- 5Y*
- 3.12%
- 10Y*
- 7.94%
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FRIN.L vs. INDAX - Expense Ratio Comparison
FRIN.L has a 0.19% expense ratio, which is lower than INDAX's 1.33% expense ratio.
Return for Risk
FRIN.L vs. INDAX — Risk / Return Rank
FRIN.L
INDAX
FRIN.L vs. INDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FRIN.L) and ALPS/Kotak India ESG Fund (INDAX). 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 | INDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.77 | -0.85 | +0.07 |
Sortino ratioReturn per unit of downside risk | -1.02 | -1.12 | +0.10 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.87 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.66 | +0.01 |
Martin ratioReturn relative to average drawdown | -1.99 | -2.18 | +0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRIN.L | INDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | -0.85 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.21 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.41 | -0.12 |
Correlation
The correlation between FRIN.L and INDAX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FRIN.L vs. INDAX - Dividend Comparison
FRIN.L has not paid dividends to shareholders, while INDAX's dividend yield for the trailing twelve months is around 6.72%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
INDAX ALPS/Kotak India ESG Fund | 6.72% | 5.62% | 16.14% | 4.43% | 1.65% | 5.48% | 0.00% | 1.30% | 6.55% | 2.79% | 1.32% | 15.14% |
Drawdowns
FRIN.L vs. INDAX - Drawdown Comparison
The maximum FRIN.L drawdown since its inception was -36.20%, which is greater than INDAX's maximum drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for FRIN.L and INDAX.
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Drawdown Indicators
| FRIN.L | INDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.20% | -43.98% | +7.78% |
Max Drawdown (1Y)Largest decline over 1 year | -17.95% | -20.85% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | -23.49% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.98% | — |
Current DrawdownCurrent decline from peak | -21.08% | -22.15% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -10.68% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 6.05% | -0.25% |
Volatility
FRIN.L vs. INDAX - Volatility Comparison
The current volatility for Franklin FTSE India UCITS ETF (FRIN.L) is 5.17%, while ALPS/Kotak India ESG Fund (INDAX) has a volatility of 6.53%. This indicates that FRIN.L experiences smaller price fluctuations and is considered to be less risky than INDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIN.L | INDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 6.53% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 11.21% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.20% | 15.29% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 15.21% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.42% | 17.21% | +2.21% |