FRXE.L vs. PARI.L
FRXE.L (Franklin Euro Short Maturity UCITS ETF EUR (Dist)) and PARI.L (Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF EUR (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 PARI.L is a Sustainable fund tracking the STOXX Europe 600 PAB Index-NR. Both are passively managed. Over the past 5 years, FRXE.L returned 2.06%/yr vs 6.56%/yr for PARI.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
FRXE.L vs. PARI.L - Performance Comparison
Loading charts...
Different Trading Currencies
FRXE.L is traded in GBP, while PARI.L is traded in EUR. To make them comparable, the PARI.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 lower than PARI.L's 6.84% 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*
- —
PARI.L
- 1D
- 0.26%
- 1M
- -0.75%
- 6M
- 3.27%
- YTD
- 6.84%
- 1Y
- 11.85%
- 3Y*
- 8.21%
- 5Y*
- 6.56%
- 10Y*
- —
FRXE.L vs. PARI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FRXE.L Franklin Euro Short Maturity UCITS ETF EUR (Dist) | -1.77% | 7.71% | -0.48% | 1.28% | 5.69% | -6.36% | 0.04% |
PARI.L Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF EUR (Acc) | 6.84% | 11.48% | 2.37% | 13.50% | -6.09% | 16.46% | 10.41% |
Correlation
The correlation between FRXE.L and PARI.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FRXE.L vs. PARI.L — Risk / Return Rank
FRXE.L
PARI.L
FRXE.L vs. PARI.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 STOXX Europe 600 Paris Aligned Climate UCITS ETF EUR (Acc) (PARI.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 | PARI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.15 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.93 | -0.89 |
| Martin ratioReturn relative to average drawdown | 0.12 | 3.05 | -2.93 |
Loading charts...
Drawdowns
FRXE.L vs. PARI.L - Drawdown Comparison
The maximum FRXE.L drawdown since its inception was -17.03%, smaller than the maximum PARI.L drawdown of -18.44%. Use the drawdown chart below to compare losses from any high point for FRXE.L and PARI.L.
Loading charts...
Drawdown Indicators
| FRXE.L | PARI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.03% | -18.44% | +1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -11.73% | +8.83% |
Max Drawdown (3Y)Largest decline over 3 years | -3.04% | -13.56% | +10.52% |
Max Drawdown (5Y)Largest decline over 5 years | -4.56% | -18.44% | +13.88% |
Current DrawdownCurrent decline from peak | -5.10% | -2.44% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -3.99% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 3.60% | -2.50% |
Volatility
FRXE.L vs. PARI.L - Volatility Comparison
The current volatility for Franklin Euro Short Maturity UCITS ETF EUR (Dist) (FRXE.L) is 0.99%, while Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF EUR (Acc) (PARI.L) has a volatility of 3.55%. This indicates that FRXE.L experiences smaller price fluctuations and is considered to be less risky than PARI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRXE.L | PARI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 3.55% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 11.57% | -8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 13.52% | -9.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 14.44% | -9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 14.52% | -6.98% |
FRXE.L vs. PARI.L - Expense Ratio Comparison
Both FRXE.L and PARI.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FRXE.L vs. PARI.L - Dividend Comparison
FRXE.L's dividend yield for the trailing twelve months is around 1.95%, while PARI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FRXE.L Franklin Euro Short Maturity UCITS ETF EUR (Dist) | 1.95% | 2.54% | 2.59% | 1.19% | 0.25% |
PARI.L Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRXE.L and PARI.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FRXE.L and PARI.L have the same expense ratio: 0.15% per year.
FRXE.L is categorized as Short Term Bonds, while PARI.L is Sustainable. FRXE.L tracks ICE BofA 0-1 Year Euro Broad Market Index, while PARI.L tracks STOXX Europe 600 PAB Index-NR.
Find the right allocation for FRXE.L and PARI.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer