FRXT.L vs. APEX.L
FRXT.L (Franklin FTSE Taiwan UCITS ETF) and APEX.L (Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc) are both Asia Pacific Equities funds - FRXT.L tracks the MSCI Taiwan NR USD while APEX.L tracks the MSCI AC Asia Ex Japan NR USD. Both are passively managed. Over the past 3 years, FRXT.L returned 43.32%/yr vs 22.99%/yr for APEX.L. A 0.70 correlation means they provide meaningful diversification when combined. FRXT.L charges 0.19%/yr vs 0.50%/yr for APEX.L.
Performance
FRXT.L vs. APEX.L - Performance Comparison
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Different Trading Currencies
FRXT.L is traded in GBP, while APEX.L is traded in USD. To make them comparable, the APEX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FRXT.L achieves a 71.15% return, which is significantly higher than APEX.L's 28.99% return.
FRXT.L
- 1D
- 0.00%
- 1M
- 11.24%
- YTD
- 71.15%
- 6M
- 75.12%
- 1Y
- 114.12%
- 3Y*
- 43.32%
- 5Y*
- —
- 10Y*
- —
APEX.L
- 1D
- 0.46%
- 1M
- 4.98%
- YTD
- 28.99%
- 6M
- 30.55%
- 1Y
- 50.53%
- 3Y*
- 22.99%
- 5Y*
- 8.07%
- 10Y*
- —
FRXT.L vs. APEX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRXT.L Franklin FTSE Taiwan UCITS ETF | 71.15% | 25.34% | 25.66% | 22.61% | -36.11% |
APEX.L Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc | 28.99% | 22.95% | 13.46% | -0.31% | -5.46% |
Correlation
The correlation between FRXT.L and APEX.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2022 | 0.70 |
The correlation between FRXT.L and APEX.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
FRXT.L vs. APEX.L — Risk / Return Rank
FRXT.L
APEX.L
FRXT.L vs. APEX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan UCITS ETF (FRXT.L) and Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.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.
| FRXT.L | APEX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.44 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 12.62 | 4.65 | +7.97 |
| Martin ratioReturn relative to average drawdown | 35.01 | 14.64 | +20.36 |
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Drawdowns
FRXT.L vs. APEX.L - Drawdown Comparison
The maximum FRXT.L drawdown since its inception was -42.57%, which is greater than APEX.L's maximum drawdown of -29.14%. Use the drawdown chart below to compare losses from any high point for FRXT.L and APEX.L.
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Drawdown Indicators
| FRXT.L | APEX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.57% | -29.14% | -13.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -10.82% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -28.86% | -17.06% | -11.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.02% | — |
Current DrawdownCurrent decline from peak | -5.13% | -4.88% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -16.55% | -10.40% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.44% | -0.17% |
Volatility
FRXT.L vs. APEX.L - Volatility Comparison
Franklin FTSE Taiwan UCITS ETF (FRXT.L) has a higher volatility of 10.91% compared to Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.L) at 10.14%. This indicates that FRXT.L's price experiences larger fluctuations and is considered to be riskier than APEX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRXT.L | APEX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 10.14% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 20.06% | 18.17% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.17% | 20.60% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.81% | 19.05% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.81% | 20.55% | +3.26% |
FRXT.L vs. APEX.L - Expense Ratio Comparison
FRXT.L has a 0.19% expense ratio, which is lower than APEX.L's 0.50% expense ratio.
Dividends
FRXT.L vs. APEX.L - Dividend Comparison
Neither FRXT.L nor APEX.L has paid dividends to shareholders.
Frequently Asked Questions
FRXT.L and APEX.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRXT.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRXT.L is cheaper with a 0.19% expense ratio, compared with 0.50% for APEX.L.
FRXT.L tracks MSCI Taiwan NR USD, while APEX.L tracks MSCI AC Asia Ex Japan NR USD. They also come from different issuers: Franklin Templeton and Amundi. Their fees differ too: 0.19% for FRXT.L and 0.50% for APEX.L.
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