FRXT.L vs. FRQX.L
FRXT.L (Franklin FTSE Taiwan UCITS ETF) and FRQX.L (Franklin AC Asia ex Japan UCITS ETF) are both Asia Pacific Equities funds from Franklin Templeton - FRXT.L tracks the MSCI Taiwan NR USD while FRQX.L tracks the MSCI AC Asia Ex Japan NR USD. Both are passively managed. Over the past 3 years, FRXT.L returned 41.30%/yr vs 26.02%/yr for FRQX.L. A 0.74 correlation means they provide meaningful diversification when combined. FRXT.L charges 0.19%/yr vs 0.40%/yr for FRQX.L.
Performance
FRXT.L vs. FRQX.L - Performance Comparison
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Returns By Period
In the year-to-date period, FRXT.L achieves a 67.83% return, which is significantly higher than FRQX.L's 43.69% return.
FRXT.L
- 1D
- -1.47%
- 1M
- 15.57%
- YTD
- 67.83%
- 6M
- 73.29%
- 1Y
- 121.18%
- 3Y*
- 41.30%
- 5Y*
- —
- 10Y*
- —
FRQX.L
- 1D
- -2.00%
- 1M
- 10.47%
- YTD
- 43.69%
- 6M
- 48.15%
- 1Y
- 78.41%
- 3Y*
- 26.02%
- 5Y*
- 14.74%
- 10Y*
- —
FRXT.L vs. FRQX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRXT.L Franklin FTSE Taiwan UCITS ETF | 67.83% | 25.34% | 25.66% | 22.61% | -17.25% |
FRQX.L Franklin AC Asia ex Japan UCITS ETF | 43.69% | 21.13% | 9.39% | 5.79% | -1.97% |
Correlation
The correlation between FRXT.L and FRQX.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022 | 0.74 |
The correlation between FRXT.L and FRQX.L has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
FRXT.L vs. FRQX.L — Risk / Return Rank
FRXT.L
FRQX.L
FRXT.L vs. FRQX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan UCITS ETF (FRXT.L) and Franklin AC Asia ex Japan UCITS ETF (FRQX.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.
| FRXT.L | FRQX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 1.71 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 13.25 | 5.97 | +7.28 |
| Martin ratioReturn relative to average drawdown | 38.41 | 23.58 | +14.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRXT.L | FRQX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.43 | 4.05 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.65 | +0.63 |
Drawdowns
FRXT.L vs. FRQX.L - Drawdown Comparison
The maximum FRXT.L drawdown since its inception was -28.86%, which is greater than FRQX.L's maximum drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for FRXT.L and FRQX.L.
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Drawdown Indicators
| FRXT.L | FRQX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.86% | -20.77% | -8.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -13.07% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -28.86% | -19.42% | -9.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.42% | — |
Current DrawdownCurrent decline from peak | -1.57% | -2.56% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -3.94% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.31% | -0.17% |
Volatility
FRXT.L vs. FRQX.L - Volatility Comparison
Franklin FTSE Taiwan UCITS ETF (FRXT.L) has a higher volatility of 9.21% compared to Franklin AC Asia ex Japan UCITS ETF (FRQX.L) at 7.40%. This indicates that FRXT.L's price experiences larger fluctuations and is considered to be riskier than FRQX.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 | FRQX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 7.40% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 17.85% | 16.78% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.19% | 19.27% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 14.77% | +5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 16.44% | +4.29% |
FRXT.L vs. FRQX.L - Expense Ratio Comparison
FRXT.L has a 0.19% expense ratio, which is lower than FRQX.L's 0.40% expense ratio.
Dividends
FRXT.L vs. FRQX.L - Dividend Comparison
Neither FRXT.L nor FRQX.L has paid dividends to shareholders.
Frequently Asked Questions
FRXT.L and FRQX.L have a correlation of 0.76, 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 0.40% for FRQX.L.
FRXT.L tracks MSCI Taiwan NR USD, while FRQX.L tracks MSCI AC Asia Ex Japan NR USD. Their fees differ too: 0.19% for FRXT.L and 0.40% for FRQX.L.
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