GLUG.L vs. FLXK.L
GLUG.L (L&G Clean Water UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - GLUG.L tracks the L&G Clean Water UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, GLUG.L returned 5.92%/yr vs 15.67%/yr for FLXK.L. A 0.55 correlation means they provide meaningful diversification when combined. GLUG.L charges 0.49%/yr vs 0.09%/yr for FLXK.L.
Performance
GLUG.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLUG.L achieves a 4.52% return, which is significantly lower than FLXK.L's 75.46% return.
GLUG.L
- 1D
- 0.52%
- 1M
- 1.53%
- 6M
- 0.90%
- YTD
- 4.52%
- 1Y
- 8.35%
- 3Y*
- 10.79%
- 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*
- —
GLUG.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLUG.L L&G Clean Water UCITS ETF | 4.52% | 15.76% | 4.02% | 21.24% | -17.39% | 26.15% | 18.97% | 13.32% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 7.25% |
Correlation
The correlation between GLUG.L and FLXK.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.55 |
The correlation between GLUG.L and FLXK.L has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
GLUG.L vs. FLXK.L — Risk / Return Rank
GLUG.L
FLXK.L
GLUG.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (GLUG.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.
| GLUG.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.47 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 5.86 | -5.13 |
| Martin ratioReturn relative to average drawdown | 1.71 | 18.40 | -16.69 |
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Drawdowns
GLUG.L vs. FLXK.L - Drawdown Comparison
The maximum GLUG.L drawdown since its inception was -35.67%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for GLUG.L and FLXK.L.
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Drawdown Indicators
| GLUG.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -49.43% | +13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -24.10% | +11.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.61% | -28.54% | +11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -30.10% | -47.00% | +16.90% |
Current DrawdownCurrent decline from peak | -6.46% | -24.10% | +17.64% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -20.23% | +12.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 7.70% | -2.23% |
Volatility
GLUG.L vs. FLXK.L - Volatility Comparison
The current volatility for L&G Clean Water UCITS ETF (GLUG.L) is 4.58%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that GLUG.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
| GLUG.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 19.75% | -15.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 41.53% | -28.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 45.08% | -29.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 29.63% | -12.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 29.61% | -10.23% |
GLUG.L vs. FLXK.L - Expense Ratio Comparison
GLUG.L has a 0.49% expense ratio, which is higher than FLXK.L's 0.09% expense ratio.
Dividends
GLUG.L vs. FLXK.L - Dividend Comparison
Neither GLUG.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
GLUG.L and FLXK.L have a correlation of 0.47, 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 0.49% for GLUG.L.
GLUG.L tracks L&G Clean Water UCITS ETF, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: L&G and Franklin. Their fees differ too: 0.49% for GLUG.L and 0.09% for FLXK.L.
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