FVUB.L vs. ^N225

Last updated Jun 5, 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 7.06%/yr vs 11.00%/yr for ^N225. At a 0.16 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 14.58% return, which is significantly lower than ^N225's 31.65% return.

FVUB.L

• 1D: -0.62%
• 1M: -9.72%
• YTD: 14.58%
• 6M: 9.14%
• 1Y: 36.63%
• 3Y*: 10.68%
• 5Y*: 7.06%
• 10Y*: —

^N225

• 1D: 0.00%
• 1M: 12.70%
• YTD: 31.65%
• 6M: 27.40%
• 1Y: 61.15%
• 3Y*: 18.83%
• 5Y*: 11.00%
• 10Y*: 11.40%

*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	14.58%	35.51%	-26.77%	26.33%	23.83%	-15.44%	-22.19%	-14.94%
^N225 Nikkei 225	31.65%	17.94%	8.72%	13.25%	-11.23%	-5.05%	17.82%	11.48%

Correlation

The correlation between FVUB.L and ^N225 is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
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 5, 2019	0.16

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: 49
FVUB.L Sharpe Ratio Rank: 49
FVUB.L Sortino Ratio Rank: 46
FVUB.L Omega Ratio Rank: 46
FVUB.L Calmar Ratio Rank: 54
FVUB.L Martin Ratio Rank: 50

^N225

^N225 Risk / Return Rank: 96
^N225 Sharpe Ratio Rank: 95
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 95
^N225 Calmar Ratio Rank: 97
^N225 Martin Ratio Rank: 96

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.

	FVUB.L	^N225	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.77	-1.10
Sortino ratio: Return per unit of downside risk	2.26	3.76	-1.50
Omega ratio: Gain probability vs. loss probability	1.29	1.47	-0.19
Calmar ratio: Return relative to maximum drawdown	2.64	4.90	-2.26
Martin ratio: Return relative to average drawdown	8.35	14.52	-6.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVUB.L vs. ^N225 - Sharpe Ratio Comparison

The current FVUB.L Sharpe Ratio is 1.67, which is lower than the ^N225 Sharpe Ratio of 2.77. 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.

Sharpe Ratios by Period

	FVUB.L	^N225	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	2.77	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.50	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.35	-0.35

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 -35.55%. 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%	-35.55%	-22.67%
Max Drawdown (1Y) Largest decline over 1 year	-13.83%	-13.44%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-27.50%	-22.75%	-4.75%
Max Drawdown (5Y) Largest decline over 5 years	-29.42%	-23.10%	-6.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.67%	—
Current Drawdown Current decline from peak	-13.83%	-1.26%	-12.57%
Average Drawdown Average peak-to-trough decline	-27.79%	-8.69%	-19.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	4.48%	-0.10%

Volatility

FVUB.L vs. ^N225 - Volatility Comparison

The current volatility for Franklin FTSE Brazil UCITS ETF (FVUB.L) is 6.25%, while Nikkei 225 (^N225) has a volatility of 6.97%. 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	6.25%	6.97%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	18.17%	19.36%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	21.79%	23.82%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.57%	22.77%	+2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.39%	21.18%	+10.21%

Frequently Asked Questions

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

FVUB.L and ^N225 have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.