FVUB.L vs. ^N225

Last updated Jul 16, 2026

FVUB.L (Franklin FTSE Brazil UCITS ETF) is Latin America Equities fund tracking the MSCI Brazil NR USD, while ^N225 (Nikkei 225) is an index. Over the past 5 years, FVUB.L returned 7.26%/yr vs 11.04%/yr for ^N225. At a 0.17 correlation, their price movements are largely independent.

Performance

FVUB.L vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin FTSE Brazil UCITS ETF (FVUB.L) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FVUB.L is traded in GBP, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FVUB.L achieves a 16.90% return, which is significantly lower than ^N225's 30.57% return.

FVUB.L

• 1D: -1.33%
• 1M: 0.97%
• 6M: 12.79%
• YTD: 16.90%
• 1Y: 38.28%
• 3Y*: 10.42%
• 5Y*: 7.26%
• 10Y*: —

^N225

• 1D: 0.00%
• 1M: -3.24%
• 6M: 22.31%
• YTD: 30.57%
• 1Y: 56.64%
• 3Y*: 20.51%
• 5Y*: 11.04%
• 10Y*: 10.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FVUB.L vs. ^N225 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FVUB.L Franklin FTSE Brazil UCITS ETF	16.90%	35.51%	-26.76%	26.32%	23.83%	-15.44%	-22.19%	-14.94%
^N225 Nikkei 225	30.57%	17.94%	8.72%	13.25%	-11.23%	-5.05%	17.82%	11.05%

Correlation

The correlation between FVUB.L and ^N225 is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019	0.17

Return for Risk

FVUB.L vs. ^N225 — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FVUB.L

FVUB.L Risk / Return Rank: 58
FVUB.L Sharpe Ratio Rank: 66
FVUB.L Sortino Ratio Rank: 62
FVUB.L Omega Ratio Rank: 58
FVUB.L Calmar Ratio Rank: 58
FVUB.L Martin Ratio Rank: 45

^N225

^N225 Risk / Return Rank: 95
^N225 Sharpe Ratio Rank: 94
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 94
^N225 Calmar Ratio Rank: 95
^N225 Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FVUB.L vs. ^N225 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FVUB.L) and Nikkei 225 (^N225). 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.

	FVUB.L	^N225	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.24	-0.50
Sortino ratio: Return per unit of downside risk	2.35	3.06	-0.71
Omega ratio: Gain probability vs. loss probability	1.29	1.38	-0.09
Calmar ratio: Return relative to maximum drawdown	2.36	4.38	-2.02
Martin ratio: Return relative to average drawdown	6.11	12.16	-6.05

FVUB.L vs. ^N225 - Sharpe Ratio Comparison

The current FVUB.L Sharpe Ratio is 1.74, which is comparable to the ^N225 Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of FVUB.L and ^N225, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FVUB.L vs. ^N225 - Drawdown Comparison

The maximum FVUB.L drawdown since its inception was -58.22%, which is greater than ^N225's maximum drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for FVUB.L and ^N225.

Drawdown Indicators

	FVUB.L	^N225	Difference
Max Drawdown Largest peak-to-trough decline	-58.22%	-34.68%	-23.54%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-13.44%	-2.71%
Max Drawdown (3Y) Largest decline over 3 years	-38.23%	-22.75%	-15.48%
Max Drawdown (5Y) Largest decline over 5 years	-38.23%	-23.10%	-15.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.67%	—
Current Drawdown Current decline from peak	-12.10%	-7.97%	-4.13%
Average Drawdown Average peak-to-trough decline	-28.28%	-8.54%	-19.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	4.75%	+1.50%

Volatility

FVUB.L vs. ^N225 - Volatility Comparison

The current volatility for Franklin FTSE Brazil UCITS ETF (FVUB.L) is 5.10%, while Nikkei 225 (^N225) has a volatility of 9.25%. This indicates that FVUB.L experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVUB.L	^N225	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	9.25%	-4.15%
Volatility (6M) Calculated over the trailing 6-month period	16.60%	21.91%	-5.31%
Volatility (1Y) Calculated over the trailing 1-year period	21.87%	26.27%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.04%	23.22%	+5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.31%	21.24%	+12.07%

Frequently Asked Questions

Can I hold both FVUB.L and ^N225 in my portfolio?

FVUB.L and ^N225 have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.