FRQX.L vs. FLRK.L

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin AC Asia ex Japan UCITS ETF (FRQX.L) and Franklin FTSE Korea UCITS ETF (FLRK.L).

FRQX.L and FLRK.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FRQX.L is a passively managed fund by Franklin Templeton that tracks the performance of the MSCI AC Asia Ex Japan NR USD. It was launched on Sep 27, 2018. FLRK.L is a passively managed fund by Franklin Templeton that tracks the performance of the MSCI Korea NR USD. It was launched on Jun 4, 2019. Both FRQX.L and FLRK.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FRQX.L vs. FLRK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin AC Asia ex Japan UCITS ETF (FRQX.L) and Franklin FTSE Korea UCITS ETF (FLRK.L). The values are adjusted to include any dividend payments, if applicable.

FRQX.L vs. FLRK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRQX.L Franklin AC Asia ex Japan UCITS ETF	10.58%	21.13%	9.39%	5.79%	-2.53%	5.94%	3.15%	2.84%
FLRK.L Franklin FTSE Korea UCITS ETF	33.25%	82.09%	-20.56%	14.16%	-19.37%	-5.90%	42.60%	-14.15%

Returns By Period

In the year-to-date period, FRQX.L achieves a 10.58% return, which is significantly lower than FLRK.L's 33.25% return.

FRQX.L

• 1D: 3.80%
• 1M: -8.35%
• YTD: 10.58%
• 6M: 19.94%
• 1Y: 43.13%
• 3Y*: 15.04%
• 5Y*: 8.88%
• 10Y*: —

FLRK.L

• 1D: 9.23%
• 1M: -10.91%
• YTD: 33.25%
• 6M: 64.38%
• 1Y: 132.77%
• 3Y*: 28.16%
• 5Y*: 10.26%
• 10Y*: —

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

FRQX.L vs. FLRK.L - Expense Ratio Comparison

FRQX.L has a 0.40% expense ratio, which is higher than FLRK.L's 0.09% expense ratio.

FRQX.L

Franklin AC Asia ex Japan UCITS ETF

FLRK.L

Franklin FTSE Korea UCITS ETF

Return for Risk

FRQX.L vs. FLRK.L — Risk / Return Rank

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

FRQX.L

FRQX.L Risk / Return Rank: 93
FRQX.L Sharpe Ratio Rank: 93
FRQX.L Sortino Ratio Rank: 94
FRQX.L Omega Ratio Rank: 92
FRQX.L Calmar Ratio Rank: 92
FRQX.L Martin Ratio Rank: 91

FLRK.L

FLRK.L Risk / Return Rank: 98
FLRK.L Sharpe Ratio Rank: 99
FLRK.L Sortino Ratio Rank: 98
FLRK.L Omega Ratio Rank: 97
FLRK.L Calmar Ratio Rank: 98
FLRK.L Martin Ratio Rank: 98

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.

FRQX.L vs. FLRK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin AC Asia ex Japan UCITS ETF (FRQX.L) and Franklin FTSE Korea UCITS ETF (FLRK.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.

	FRQX.L	FLRK.L	Difference
Sharpe ratio Return per unit of total volatility	2.33	4.25	-1.92
Sortino ratio Return per unit of downside risk	3.09	4.56	-1.47
Omega ratio Gain probability vs. loss probability	1.43	1.65	-0.22
Calmar ratio Return relative to maximum drawdown	3.66	6.31	-2.65
Martin ratio Return relative to average drawdown	13.56	24.10	-10.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRQX.L vs. FLRK.L - Sharpe Ratio Comparison

The current FRQX.L Sharpe Ratio is 2.33, which is lower than the FLRK.L Sharpe Ratio of 4.25. The chart below compares the historical Sharpe Ratios of FRQX.L and FLRK.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRQX.L	FLRK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	4.25	-1.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.44	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.42	+0.02

Correlation

The correlation between FRQX.L and FLRK.L is 0.71, 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

FRQX.L vs. FLRK.L - Dividend Comparison

Neither FRQX.L nor FLRK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FRQX.L vs. FLRK.L - Drawdown Comparison

The maximum FRQX.L drawdown since its inception was -20.77%, smaller than the maximum FLRK.L drawdown of -41.57%. Use the drawdown chart below to compare losses from any high point for FRQX.L and FLRK.L.

Drawdown Indicators

	FRQX.L	FLRK.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.77%	-41.57%	+20.80%
Max Drawdown (1Y) Largest decline over 1 year	-11.75%	-21.18%	+9.43%
Max Drawdown (5Y) Largest decline over 5 years	-19.42%	-38.88%	+19.46%
Current Drawdown Current decline from peak	-8.39%	-13.91%	+5.52%
Average Drawdown Average peak-to-trough decline	-3.99%	-20.35%	+16.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	5.55%	-2.38%

Volatility

FRQX.L vs. FLRK.L - Volatility Comparison

The current volatility for Franklin AC Asia ex Japan UCITS ETF (FRQX.L) is 9.54%, while Franklin FTSE Korea UCITS ETF (FLRK.L) has a volatility of 16.59%. This indicates that FRQX.L experiences smaller price fluctuations and is considered to be less risky than FLRK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRQX.L	FLRK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.54%	16.59%	-7.05%
Volatility (6M) Calculated over the trailing 6-month period	14.51%	27.15%	-12.64%
Volatility (1Y) Calculated over the trailing 1-year period	18.48%	31.15%	-12.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	23.21%	-9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	26.13%	-10.04%