FRXE.L vs. FLXB.L
FRXE.L (Franklin Euro Short Maturity UCITS ETF) and FLXB.L (Franklin FTSE Brazil UCITS ETF) are both Global Equities funds from Franklin - FRXE.L tracks the Franklin Euro Short Maturity UCITS ETF while FLXB.L tracks the Franklin FTSE Brazil UCITS ETF. Both are passively managed. Over the past 5 years, FRXE.L returned 2.23%/yr vs 7.14%/yr for FLXB.L. At a 0.04 correlation, their price movements are largely independent.
Performance
FRXE.L vs. FLXB.L - Performance Comparison
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Different Trading Currencies
FRXE.L is traded in GBP, while FLXB.L is traded in USD. To make them comparable, the FLXB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FRXE.L achieves a -1.41% return, which is significantly lower than FLXB.L's 16.54% return.
FRXE.L
- 1D
- 0.18%
- 1M
- -1.09%
- 6M
- -0.71%
- YTD
- -1.41%
- 1Y
- 0.23%
- 3Y*
- 3.05%
- 5Y*
- 2.23%
- 10Y*
- —
FLXB.L
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 12.41%
- YTD
- 16.54%
- 1Y
- 37.69%
- 3Y*
- 10.79%
- 5Y*
- 7.14%
- 10Y*
- —
FRXE.L vs. FLXB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FRXE.L Franklin Euro Short Maturity UCITS ETF | -1.41% | 7.71% | -0.48% | 1.28% | 5.69% | -6.36% | 5.44% | -3.48% |
FLXB.L Franklin FTSE Brazil UCITS ETF | 16.54% | 35.12% | -26.66% | 26.76% | 24.12% | -15.80% | -21.79% | 7.45% |
Correlation
The correlation between FRXE.L and FLXB.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.04 |
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Return for Risk
FRXE.L vs. FLXB.L — Risk / Return Rank
FRXE.L
FLXB.L
FRXE.L vs. FLXB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Euro Short Maturity UCITS ETF (FRXE.L) and Franklin FTSE Brazil UCITS ETF (FLXB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRXE.L | FLXB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 2.35 | -2.35 |
| Martin ratioReturn relative to average drawdown | 0.00 | 6.05 | -6.05 |
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Drawdowns
FRXE.L vs. FLXB.L - Drawdown Comparison
The maximum FRXE.L drawdown since its inception was -17.03%, smaller than the maximum FLXB.L drawdown of -53.22%. Use the drawdown chart below to compare losses from any high point for FRXE.L and FLXB.L.
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Drawdown Indicators
| FRXE.L | FLXB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.03% | -53.22% | +36.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -16.22% | +13.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.04% | -27.64% | +24.60% |
Max Drawdown (5Y)Largest decline over 5 years | -4.56% | -27.64% | +23.08% |
Current DrawdownCurrent decline from peak | -4.75% | -12.42% | +7.67% |
Average DrawdownAverage peak-to-trough decline | -10.95% | -19.44% | +8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 6.30% | -5.24% |
Volatility
FRXE.L vs. FLXB.L - Volatility Comparison
The current volatility for Franklin Euro Short Maturity UCITS ETF (FRXE.L) is 0.83%, while Franklin FTSE Brazil UCITS ETF (FLXB.L) has a volatility of 6.24%. This indicates that FRXE.L experiences smaller price fluctuations and is considered to be less risky than FLXB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRXE.L | FLXB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 6.24% | -5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 16.97% | -14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 22.56% | -18.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 26.28% | -20.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 30.85% | -23.31% |
Dividends
FRXE.L vs. FLXB.L - Dividend Comparison
FRXE.L's dividend yield for the trailing twelve months is around 1.94%, while FLXB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FLXB.L Franklin FTSE Brazil UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRXE.L Franklin Euro Short Maturity UCITS ETF | 1.94% | 2.54% | 2.59% | 1.19% | 0.25% |
Frequently Asked Questions
FRXE.L and FLXB.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRXE.L tracks Franklin Euro Short Maturity UCITS ETF, while FLXB.L tracks Franklin FTSE Brazil UCITS ETF.
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