IMBS.L vs. FLXK.L
IMBS.L (iShares US Mortgage Backed Securities UCITS ETF USD (Dist)) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - IMBS.L tracks the iShares US Mortgage Backed Securities UCITS ETF USD (Dist) while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, IMBS.L returned 0.06%/yr vs 15.67%/yr for FLXK.L. At a 0.13 correlation, their price movements are largely independent. IMBS.L charges 0.28%/yr vs 0.09%/yr for FLXK.L.
Performance
IMBS.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, IMBS.L achieves a -0.33% return, which is significantly lower than FLXK.L's 75.46% return.
IMBS.L
- 1D
- -0.04%
- 1M
- -0.33%
- 6M
- -0.09%
- YTD
- -0.33%
- 1Y
- 5.49%
- 3Y*
- 4.05%
- 5Y*
- 0.06%
- 10Y*
- 1.01%
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
IMBS.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | -0.33% | 8.60% | 1.54% | 3.57% | -11.37% | -1.69% | 4.04% | 2.61% |
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 IMBS.L and FLXK.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.13 |
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Return for Risk
IMBS.L vs. FLXK.L — Risk / Return Rank
IMBS.L
FLXK.L
IMBS.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.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.
| IMBS.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.47 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 5.86 | -4.27 |
| Martin ratioReturn relative to average drawdown | 5.11 | 18.40 | -13.30 |
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Drawdowns
IMBS.L vs. FLXK.L - Drawdown Comparison
The maximum IMBS.L drawdown since its inception was -18.09%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for IMBS.L and FLXK.L.
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Drawdown Indicators
| IMBS.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -49.43% | +31.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -24.10% | +20.84% |
Max Drawdown (3Y)Largest decline over 3 years | -7.51% | -28.54% | +21.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -47.00% | +29.33% |
Max Drawdown (10Y)Largest decline over 10 years | -18.09% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -24.10% | +22.61% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -20.23% | +16.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 7.70% | -6.68% |
Volatility
IMBS.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.L) is 1.37%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that IMBS.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
| IMBS.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 19.75% | -18.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 41.53% | -37.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 45.08% | -38.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 29.63% | -21.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 29.61% | -23.26% |
IMBS.L vs. FLXK.L - Expense Ratio Comparison
IMBS.L has a 0.28% expense ratio, which is higher than FLXK.L's 0.09% expense ratio.
Dividends
IMBS.L vs. FLXK.L - Dividend Comparison
IMBS.L's dividend yield for the trailing twelve months is around 3.74%, while FLXK.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLXK.L Franklin FTSE Korea UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | 3.74% | 3.58% | 3.55% | 3.23% | 2.42% | 2.24% | 2.56% | 2.99% | 3.04% | 2.89% | 1.53% |
Frequently Asked Questions
IMBS.L and FLXK.L have a correlation of 0.17, 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 0.28% for IMBS.L.
IMBS.L tracks iShares US Mortgage Backed Securities UCITS ETF USD (Dist), while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.28% for IMBS.L and 0.09% for FLXK.L.
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