IAUS.L vs. FLXK.L
IAUS.L (iShares MSCI Australia UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - IAUS.L tracks the iShares MSCI Australia UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, IAUS.L returned 6.53%/yr vs 15.67%/yr for FLXK.L. A 0.62 correlation means they provide meaningful diversification when combined. IAUS.L charges 0.50%/yr vs 0.09%/yr for FLXK.L.
Performance
IAUS.L vs. FLXK.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IAUS.L achieves a 10.19% return, which is significantly lower than FLXK.L's 75.46% return.
IAUS.L
- 1D
- -0.35%
- 1M
- -0.56%
- 6M
- 9.67%
- YTD
- 10.19%
- 1Y
- 13.36%
- 3Y*
- 11.01%
- 5Y*
- 6.53%
- 10Y*
- 7.82%
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
IAUS.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IAUS.L iShares MSCI Australia UCITS ETF | 10.19% | 13.86% | 1.70% | 13.84% | -5.50% | 8.27% | 9.46% | 7.89% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between IAUS.L and FLXK.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.62 |
The correlation between IAUS.L and FLXK.L shifts across timeframes, from 0.51 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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
IAUS.L vs. FLXK.L — Risk / Return Rank
IAUS.L
FLXK.L
IAUS.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (IAUS.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.
| IAUS.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.47 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 5.86 | -4.51 |
| Martin ratioReturn relative to average drawdown | 3.32 | 18.40 | -15.08 |
Loading charts...
Drawdowns
IAUS.L vs. FLXK.L - Drawdown Comparison
The maximum IAUS.L drawdown since its inception was -44.76%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for IAUS.L and FLXK.L.
Loading charts...
Drawdown Indicators
| IAUS.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.76% | -49.43% | +4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -24.10% | +14.42% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -28.54% | +5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -47.00% | +22.40% |
Max Drawdown (10Y)Largest decline over 10 years | -44.76% | — | — |
Current DrawdownCurrent decline from peak | -4.27% | -24.10% | +19.83% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -20.23% | +10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 7.70% | -3.75% |
Volatility
IAUS.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares MSCI Australia UCITS ETF (IAUS.L) is 4.06%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that IAUS.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.
Loading charts...
Volatility by Period
| IAUS.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 19.75% | -15.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 41.53% | -28.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 45.08% | -29.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.54% | 29.63% | -10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 29.61% | -8.86% |
IAUS.L vs. FLXK.L - Expense Ratio Comparison
IAUS.L has a 0.50% expense ratio, which is higher than FLXK.L's 0.09% expense ratio.
Dividends
IAUS.L vs. FLXK.L - Dividend Comparison
Neither IAUS.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
IAUS.L and FLXK.L have a correlation of 0.51, 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 0.50% for IAUS.L.
IAUS.L tracks iShares MSCI Australia UCITS ETF, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.50% for IAUS.L and 0.09% for FLXK.L.
Find the right allocation for IAUS.L and FLXK.L
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