FTFX.L vs. FLXK.L
FTFX.L (First Trust FactorFX UCITS ETF Class A USD) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - FTFX.L tracks the First Trust FactorFX UCITS ETF Class A USD while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, FTFX.L returned 5.92%/yr vs 15.67%/yr for FLXK.L. At a 0.22 correlation, their price movements are largely independent.
Performance
FTFX.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, FTFX.L achieves a 6.72% return, which is significantly lower than FLXK.L's 75.46% return.
FTFX.L
- 1D
- 0.81%
- 1M
- 2.12%
- 6M
- 6.59%
- YTD
- 6.72%
- 1Y
- 10.31%
- 3Y*
- 6.78%
- 5Y*
- 5.92%
- 10Y*
- —
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
FTFX.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FTFX.L First Trust FactorFX UCITS ETF Class A USD | 6.72% | 8.14% | 7.93% | 9.97% | -1.13% | -3.43% | 0.33% | 2.50% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between FTFX.L and FLXK.L is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.22 |
The correlation between FTFX.L and FLXK.L shifts across timeframes, from -0.00 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTFX.L vs. FLXK.L — Risk / Return Rank
FTFX.L
FLXK.L
FTFX.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust FactorFX UCITS ETF Class A USD (FTFX.L) and Franklin FTSE Korea UCITS ETF (FLXK.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.
| FTFX.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 5.86 | -2.57 |
| Martin ratioReturn relative to average drawdown | 10.01 | 18.40 | -8.39 |
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Drawdowns
FTFX.L vs. FLXK.L - Drawdown Comparison
The maximum FTFX.L drawdown since its inception was -8.13%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for FTFX.L and FLXK.L.
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Drawdown Indicators
| FTFX.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.13% | -49.43% | +41.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -24.10% | +21.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.92% | -28.54% | +21.62% |
Max Drawdown (5Y)Largest decline over 5 years | -6.92% | -47.00% | +40.08% |
Current DrawdownCurrent decline from peak | 0.00% | -24.10% | +24.10% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -20.23% | +18.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 7.70% | -6.72% |
Volatility
FTFX.L vs. FLXK.L - Volatility Comparison
The current volatility for First Trust FactorFX UCITS ETF Class A USD (FTFX.L) is 1.26%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that FTFX.L experiences smaller price fluctuations and is considered to be less risky than FLXK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTFX.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 19.75% | -18.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.37% | 41.53% | -37.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 45.08% | -38.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 29.63% | -22.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.18% | 29.61% | -23.43% |
Dividends
FTFX.L vs. FLXK.L - Dividend Comparison
Neither FTFX.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
FTFX.L and FLXK.L have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTFX.L tracks First Trust FactorFX UCITS ETF Class A USD, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: First Trust and Franklin.
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