H411.DE vs. FLXK.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and FLXK.DE (Franklin FTSE Korea UCITS ETF) are both Asia Pacific Equities funds - H411.DE tracks the MSCI AC Far East ex Japan while FLXK.DE tracks the FTSE Korea 30/18 Capped. Both are passively managed. Over the past 5 years, H411.DE returned 9.18%/yr vs 20.42%/yr for FLXK.DE. A 0.76 correlation means they provide meaningful diversification when combined. H411.DE charges 0.45%/yr vs 0.09%/yr for FLXK.DE.
Performance
H411.DE vs. FLXK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, H411.DE achieves a 37.68% return, which is significantly lower than FLXK.DE's 113.07% return.
H411.DE
- 1D
- -2.09%
- 1M
- 6.17%
- YTD
- 37.68%
- 6M
- 38.70%
- 1Y
- 67.18%
- 3Y*
- 25.29%
- 5Y*
- 9.18%
- 10Y*
- 11.02%
FLXK.DE
- 1D
- -5.45%
- 1M
- 13.51%
- YTD
- 113.07%
- 6M
- 125.49%
- 1Y
- 216.17%
- 3Y*
- 46.07%
- 5Y*
- 20.42%
- 10Y*
- —
H411.DE vs. FLXK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD | 37.68% | 25.21% | 18.89% | -1.55% | -16.07% | -1.90% | 13.55% | 15.85% |
FLXK.DE Franklin FTSE Korea UCITS ETF | 113.07% | 73.17% | -17.06% | 16.74% | -23.45% | 0.14% | 34.15% | 14.19% |
Correlation
The correlation between H411.DE and FLXK.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2019 | 0.76 |
The correlation between H411.DE and FLXK.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
H411.DE vs. FLXK.DE — Risk / Return Rank
H411.DE
FLXK.DE
H411.DE vs. FLXK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) and Franklin FTSE Korea UCITS ETF (FLXK.DE). 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.
| H411.DE | FLXK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.79 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 10.68 | -6.79 |
| Martin ratioReturn relative to average drawdown | 9.66 | 38.63 | -28.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| H411.DE | FLXK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 5.91 | -3.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.80 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.84 | -0.37 |
Drawdowns
H411.DE vs. FLXK.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, roughly equal to the maximum FLXK.DE drawdown of -39.43%. Use the drawdown chart below to compare losses from any high point for H411.DE and FLXK.DE.
Loading charts...
Drawdown Indicators
| H411.DE | FLXK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -39.43% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -20.92% | +3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -29.99% | +6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.49% | -39.36% | +4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -5.90% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -15.54% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 5.80% | +1.27% |
Volatility
H411.DE vs. FLXK.DE - Volatility Comparison
The current volatility for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) is 8.34%, while Franklin FTSE Korea UCITS ETF (FLXK.DE) has a volatility of 17.58%. This indicates that H411.DE experiences smaller price fluctuations and is considered to be less risky than FLXK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H411.DE | FLXK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 17.58% | -9.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 33.23% | -16.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 37.87% | -9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 25.35% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 26.75% | -6.31% |
H411.DE vs. FLXK.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is higher than FLXK.DE's 0.09% expense ratio.
Dividends
H411.DE vs. FLXK.DE - Dividend Comparison
Neither H411.DE nor FLXK.DE has paid dividends to shareholders.
Frequently Asked Questions
H411.DE and FLXK.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.DE is cheaper with a 0.09% expense ratio, compared with 0.45% for H411.DE.
H411.DE tracks MSCI AC Far East ex Japan, while FLXK.DE tracks FTSE Korea 30/18 Capped. They also come from different issuers: HSBC and Franklin Templeton. Their fees differ too: 0.45% for H411.DE and 0.09% for FLXK.DE.
Find the right allocation for H411.DE and FLXK.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer