FRXT.L vs. FRUE.L
FRXT.L (Franklin FTSE Taiwan UCITS ETF) and FRUE.L (Franklin LibertyQ U.S. Equity UCITS ETF) are both exchange-traded funds - FRXT.L is a Asia Pacific Equities fund tracking the MSCI Taiwan NR USD, while FRUE.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 3 years, FRXT.L returned 41.30%/yr vs 15.79%/yr for FRUE.L. At a 0.40 correlation, their price movements are largely independent. FRXT.L charges 0.19%/yr vs 0.25%/yr for FRUE.L.
Performance
FRXT.L vs. FRUE.L - Performance Comparison
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Different Trading Currencies
FRXT.L is traded in GBP, while FRUE.L is traded in USD. To make them comparable, the FRUE.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 67.83% return, which is significantly higher than FRUE.L's 12.48% return.
FRXT.L
- 1D
- -1.47%
- 1M
- 15.57%
- YTD
- 67.83%
- 6M
- 73.29%
- 1Y
- 121.18%
- 3Y*
- 41.30%
- 5Y*
- —
- 10Y*
- —
FRUE.L
- 1D
- -0.02%
- 1M
- 5.17%
- YTD
- 12.48%
- 6M
- 11.87%
- 1Y
- 30.66%
- 3Y*
- 15.79%
- 5Y*
- 13.31%
- 10Y*
- —
FRXT.L vs. FRUE.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% |
FRUE.L Franklin LibertyQ U.S. Equity UCITS ETF | 12.48% | 12.74% | 12.10% | 9.54% | 5.71% |
Correlation
The correlation between FRXT.L and FRUE.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022 | 0.40 |
The correlation between FRXT.L and FRUE.L shifts across timeframes, from 0.40 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FRXT.L vs. FRUE.L — Risk / Return Rank
FRXT.L
FRUE.L
FRXT.L vs. FRUE.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 LibertyQ U.S. Equity UCITS ETF (FRUE.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 | FRUE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 1.45 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 13.25 | 5.16 | +8.09 |
| Martin ratioReturn relative to average drawdown | 38.41 | 17.84 | +20.58 |
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 | FRUE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.43 | 2.41 | +3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.85 | +0.43 |
Drawdowns
FRXT.L vs. FRUE.L - Drawdown Comparison
The maximum FRXT.L drawdown since its inception was -28.86%, which is greater than FRUE.L's maximum drawdown of -25.31%. Use the drawdown chart below to compare losses from any high point for FRXT.L and FRUE.L.
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Drawdown Indicators
| FRXT.L | FRUE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.86% | -25.31% | -3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -5.91% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -28.86% | -20.18% | -8.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.18% | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.02% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -3.07% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.71% | +1.43% |
Volatility
FRXT.L vs. FRUE.L - Volatility Comparison
Franklin FTSE Taiwan UCITS ETF (FRXT.L) has a higher volatility of 9.21% compared to Franklin LibertyQ U.S. Equity UCITS ETF (FRUE.L) at 4.07%. This indicates that FRXT.L's price experiences larger fluctuations and is considered to be riskier than FRUE.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 | FRUE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 4.07% | +5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 17.85% | 9.52% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.19% | 12.65% | +9.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 14.23% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 15.74% | +4.99% |
FRXT.L vs. FRUE.L - Expense Ratio Comparison
FRXT.L has a 0.19% expense ratio, which is lower than FRUE.L's 0.25% 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
FRXT.L vs. FRUE.L - Dividend Comparison
Neither FRXT.L nor FRUE.L has paid dividends to shareholders.
Frequently Asked Questions
FRXT.L and FRUE.L have a correlation of 0.55, 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 0.25% for FRUE.L.
FRXT.L is categorized as Asia Pacific Equities, while FRUE.L is Large Cap Blend Equities. FRXT.L tracks MSCI Taiwan NR USD, while FRUE.L tracks Russell 1000 TR USD. Their fees differ too: 0.19% for FRXT.L and 0.25% for FRUE.L.
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