FRXE.L vs. FLXI.L
FRXE.L (Franklin Euro Short Maturity UCITS ETF EUR (Dist)) and FLXI.L (Franklin FTSE India UCITS ETF USD (Acc)) are both exchange-traded funds - FRXE.L is a Short Term Bonds fund tracking the ICE BofA 0-1 Year Euro Broad Market Index, while FLXI.L is a India Equities fund tracking the FTSE India 30/18 Capped Index - Net Return. Both are passively managed. Over the past 5 years, FRXE.L returned 2.06%/yr vs 5.55%/yr for FLXI.L. At a 0.09 correlation, their price movements are largely independent. FRXE.L charges 0.15%/yr vs 0.19%/yr for FLXI.L.
Performance
FRXE.L vs. FLXI.L - Performance Comparison
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Different Trading Currencies
FRXE.L is traded in GBP, while FLXI.L is traded in USD. To make them comparable, the FLXI.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 -1.77% return, which is significantly higher than FLXI.L's -8.46% return.
FRXE.L
- 1D
- 0.23%
- 1M
- -1.71%
- 6M
- -1.07%
- YTD
- -1.77%
- 1Y
- 0.13%
- 3Y*
- 2.82%
- 5Y*
- 2.06%
- 10Y*
- —
FLXI.L
- 1D
- 0.41%
- 1M
- -2.13%
- 6M
- -6.99%
- YTD
- -8.46%
- 1Y
- -9.90%
- 3Y*
- 4.24%
- 5Y*
- 5.55%
- 10Y*
- —
FRXE.L vs. FLXI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FRXE.L Franklin Euro Short Maturity UCITS ETF EUR (Dist) | -1.77% | 7.71% | -0.48% | 1.28% | 5.69% | -6.36% | 5.44% | -4.52% |
FLXI.L Franklin FTSE India UCITS ETF USD (Acc) | -8.46% | -4.41% | 12.69% | 15.93% | 2.62% | 26.08% | 9.74% | -4.38% |
Correlation
The correlation between FRXE.L and FLXI.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.09 |
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Return for Risk
FRXE.L vs. FLXI.L — Risk / Return Rank
FRXE.L
FLXI.L
FRXE.L vs. FLXI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Euro Short Maturity UCITS ETF EUR (Dist) (FRXE.L) and Franklin FTSE India UCITS ETF USD (Acc) (FLXI.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 | FLXI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.91 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | -0.55 | +0.59 |
| Martin ratioReturn relative to average drawdown | 0.12 | -1.11 | +1.22 |
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Drawdowns
FRXE.L vs. FLXI.L - Drawdown Comparison
The maximum FRXE.L drawdown since its inception was -17.03%, smaller than the maximum FLXI.L drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for FRXE.L and FLXI.L.
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Drawdown Indicators
| FRXE.L | FLXI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.03% | -38.48% | +21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -18.09% | +15.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.04% | -22.31% | +19.27% |
Max Drawdown (5Y)Largest decline over 5 years | -4.56% | -22.31% | +17.75% |
Current DrawdownCurrent decline from peak | -5.10% | -17.00% | +11.90% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -7.36% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 8.94% | -7.84% |
Volatility
FRXE.L vs. FLXI.L - Volatility Comparison
The current volatility for Franklin Euro Short Maturity UCITS ETF EUR (Dist) (FRXE.L) is 0.99%, while Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) has a volatility of 4.24%. This indicates that FRXE.L experiences smaller price fluctuations and is considered to be less risky than FLXI.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 | FLXI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 4.24% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 13.78% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 16.06% | -12.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 16.25% | -10.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 20.50% | -12.96% |
FRXE.L vs. FLXI.L - Expense Ratio Comparison
FRXE.L has a 0.15% expense ratio, which is lower than FLXI.L's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FRXE.L vs. FLXI.L - Dividend Comparison
FRXE.L's dividend yield for the trailing twelve months is around 1.95%, while FLXI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FLXI.L Franklin FTSE India UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRXE.L Franklin Euro Short Maturity UCITS ETF EUR (Dist) | 1.95% | 2.54% | 2.59% | 1.19% | 0.25% |
Frequently Asked Questions
FRXE.L and FLXI.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRXE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRXE.L is cheaper with a 0.15% expense ratio, compared with 0.19% for FLXI.L.
FRXE.L is categorized as Short Term Bonds, while FLXI.L is India Equities. FRXE.L tracks ICE BofA 0-1 Year Euro Broad Market Index, while FLXI.L tracks FTSE India 30/18 Capped Index - Net Return. Their fees differ too: 0.15% for FRXE.L and 0.19% for FLXI.L.
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