FRQX.L vs. GOOGL

Last updated Jun 5, 2026

FRQX.L (Franklin AC Asia ex Japan UCITS ETF) is Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 5 years, FRQX.L returned 14.74%/yr vs 27.04%/yr for GOOGL. At a 0.31 correlation, their price movements are largely independent.

Performance

FRQX.L vs. GOOGL - 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 Alphabet Inc. Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FRQX.L is traded in GBP, while GOOGL is traded in USD. To make them comparable, the GOOGL values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FRQX.L achieves a 43.69% return, which is significantly higher than GOOGL's 19.48% return.

FRQX.L

• 1D: -2.00%
• 1M: 10.47%
• YTD: 43.69%
• 6M: 48.15%
• 1Y: 78.41%
• 3Y*: 26.02%
• 5Y*: 14.74%
• 10Y*: —

GOOGL

• 1D: 3.68%
• 1M: -3.30%
• YTD: 19.48%
• 6M: 16.53%
• 1Y: 124.40%
• 3Y*: 40.26%
• 5Y*: 27.04%
• 10Y*: 27.18%

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

FRQX.L vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FRQX.L Franklin AC Asia ex Japan UCITS ETF	43.69%	21.13%	9.39%	5.79%	-2.53%	5.94%	3.15%	6.30%	-4.69%
GOOGL Alphabet Inc. Class A	19.48%	54.17%	38.38%	50.41%	-31.85%	66.86%	27.01%	23.30%	-11.65%

Correlation

The correlation between FRQX.L and GOOGL is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018	0.31

The correlation between FRQX.L and GOOGL shifts across timeframes, from 0.19 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FRQX.L vs. GOOGL — 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: 94
FRQX.L Sharpe Ratio Rank: 96
FRQX.L Sortino Ratio Rank: 96
FRQX.L Omega Ratio Rank: 95
FRQX.L Calmar Ratio Rank: 92
FRQX.L Martin Ratio Rank: 93

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 98
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 97
GOOGL Calmar Ratio Rank: 94
GOOGL Martin Ratio Rank: 96

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. GOOGL - 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 Alphabet Inc. Class A (GOOGL). 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	GOOGL	Difference
Sharpe ratio: Return per unit of total volatility	4.05	4.40	-0.35
Sortino ratio: Return per unit of downside risk	5.31	5.64	-0.33
Omega ratio: Gain probability vs. loss probability	1.71	1.70	+0.01
Calmar ratio: Return relative to maximum drawdown	5.97	7.08	-1.11
Martin ratio: Return relative to average drawdown	23.58	24.74	-1.16
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. GOOGL - Sharpe Ratio Comparison

The current FRQX.L Sharpe Ratio is 4.05, which is comparable to the GOOGL Sharpe Ratio of 4.40. The chart below compares the historical Sharpe Ratios of FRQX.L and GOOGL, 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

	FRQX.L	GOOGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.05	4.40	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.89	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.74	-0.09

Drawdowns

FRQX.L vs. GOOGL - Drawdown Comparison

The maximum FRQX.L drawdown since its inception was -20.77%, smaller than the maximum GOOGL drawdown of -52.64%. Use the drawdown chart below to compare losses from any high point for FRQX.L and GOOGL.

Drawdown Indicators

	FRQX.L	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-20.77%	-52.64%	+31.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-17.68%	+4.61%
Max Drawdown (3Y) Largest decline over 3 years	-19.42%	-33.18%	+13.76%
Max Drawdown (5Y) Largest decline over 5 years	-19.42%	-36.22%	+16.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.22%	—
Current Drawdown Current decline from peak	-2.56%	-7.32%	+4.76%
Average Drawdown Average peak-to-trough decline	-3.94%	-9.92%	+5.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	5.05%	-1.74%

Volatility

FRQX.L vs. GOOGL - Volatility Comparison

The current volatility for Franklin AC Asia ex Japan UCITS ETF (FRQX.L) is 7.40%, while Alphabet Inc. Class A (GOOGL) has a volatility of 8.85%. This indicates that FRQX.L experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRQX.L	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	8.85%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	16.78%	19.59%	-2.81%
Volatility (1Y) Calculated over the trailing 1-year period	19.27%	28.44%	-9.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	30.42%	-15.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	29.19%	-12.75%

Dividends

FRQX.L vs. GOOGL - Dividend Comparison

FRQX.L has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025	2024
FRQX.L Franklin AC Asia ex Japan UCITS ETF	0.00%	0.00%	0.00%
GOOGL Alphabet Inc. Class A	0.23%	0.27%	0.32%

Frequently Asked Questions

Can I hold both FRQX.L and GOOGL in my portfolio?

FRQX.L and GOOGL have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.