FWRA.L vs. FLXK.L
FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - FWRA.L tracks the FTSE All-World Index while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 3 years, FWRA.L returned 19.09%/yr vs 39.45%/yr for FLXK.L. A 0.65 correlation means they provide meaningful diversification when combined. FWRA.L charges 0.15%/yr vs 0.09%/yr for FLXK.L.
Performance
FWRA.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, FWRA.L achieves a 11.06% return, which is significantly lower than FLXK.L's 75.46% return.
FWRA.L
- 1D
- 0.11%
- 1M
- -0.64%
- 6M
- 9.50%
- YTD
- 11.06%
- 1Y
- 23.54%
- 3Y*
- 19.09%
- 5Y*
- —
- 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*
- —
FWRA.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 11.06% | 22.42% | 18.04% | 10.02% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 8.07% |
Correlation
The correlation between FWRA.L and FLXK.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.65 |
The correlation between FWRA.L and FLXK.L has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
FWRA.L vs. FLXK.L — Risk / Return Rank
FWRA.L
FLXK.L
FWRA.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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.
| FWRA.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.47 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 5.86 | -3.18 |
| Martin ratioReturn relative to average drawdown | 10.70 | 18.40 | -7.70 |
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Drawdowns
FWRA.L vs. FLXK.L - Drawdown Comparison
The maximum FWRA.L drawdown since its inception was -16.50%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for FWRA.L and FLXK.L.
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Drawdown Indicators
| FWRA.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -49.43% | +32.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -24.10% | +15.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -28.54% | +12.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.00% | — |
Current DrawdownCurrent decline from peak | -1.16% | -24.10% | +22.94% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -20.23% | +18.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 7.70% | -5.50% |
Volatility
FWRA.L vs. FLXK.L - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) is 3.20%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that FWRA.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
| FWRA.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 19.75% | -16.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 41.53% | -30.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 45.08% | -32.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 29.63% | -16.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.61% | 29.61% | -16.00% |
FWRA.L vs. FLXK.L - Expense Ratio Comparison
FWRA.L has a 0.15% expense ratio, which is higher than FLXK.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FWRA.L vs. FLXK.L - Dividend Comparison
Neither FWRA.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
FWRA.L and FLXK.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.15% for FWRA.L.
FWRA.L tracks FTSE All-World Index, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: Invesco and Franklin. Their fees differ too: 0.15% for FWRA.L and 0.09% for FLXK.L.
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