IPOL.L vs. FLQA.L
IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) and FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc)) are both exchange-traded funds - IPOL.L is a Emerging Markets Equities fund tracking the MSCI Emerging - Poland in Net USD, while FLQA.L is a Asia Pacific Equities fund tracking the Linked FTSE Asia ex Japan ex China Index - Net Return. Both are passively managed. Over the past 5 years, IPOL.L returned 14.78%/yr vs 12.23%/yr for FLQA.L. A 0.57 correlation means they provide meaningful diversification when combined. IPOL.L charges 0.74%/yr vs 0.14%/yr for FLQA.L.
Performance
IPOL.L vs. FLQA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPOL.L achieves a 14.81% return, which is significantly lower than FLQA.L's 30.17% return.
IPOL.L
- 1D
- -1.18%
- 1M
- -2.95%
- 6M
- 12.69%
- YTD
- 14.81%
- 1Y
- 30.84%
- 3Y*
- 28.08%
- 5Y*
- 14.78%
- 10Y*
- 9.64%
FLQA.L
- 1D
- -1.86%
- 1M
- -11.56%
- 6M
- 22.63%
- YTD
- 30.17%
- 1Y
- 48.05%
- 3Y*
- 24.43%
- 5Y*
- 12.23%
- 10Y*
- —
IPOL.L vs. FLQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 14.81% | 72.75% | -6.10% | 49.20% | -26.61% | 6.83% | -11.21% | -6.81% | -4.50% |
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) | 30.17% | 29.84% | 7.76% | 12.02% | -12.93% | 4.57% | 6.71% | 9.75% | -5.84% |
Correlation
The correlation between IPOL.L and FLQA.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2018 | 0.57 |
The correlation between IPOL.L and FLQA.L shifts across timeframes, from 0.45 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IPOL.L vs. FLQA.L — Risk / Return Rank
IPOL.L
FLQA.L
IPOL.L vs. FLQA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) and Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.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.
| IPOL.L | FLQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.37 | -0.44 |
| Martin ratioReturn relative to average drawdown | 6.74 | 10.76 | -4.02 |
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Drawdowns
IPOL.L vs. FLQA.L - Drawdown Comparison
The maximum IPOL.L drawdown since its inception was -68.05%, which is greater than FLQA.L's maximum drawdown of -29.21%. Use the drawdown chart below to compare losses from any high point for IPOL.L and FLQA.L.
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Drawdown Indicators
| IPOL.L | FLQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.05% | -29.21% | -38.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -14.19% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -22.19% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -55.92% | -25.38% | -30.54% |
Max Drawdown (10Y)Largest decline over 10 years | -65.79% | — | — |
Current DrawdownCurrent decline from peak | -2.95% | -14.19% | +11.24% |
Average DrawdownAverage peak-to-trough decline | -29.57% | -7.22% | -22.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 4.45% | +0.12% |
Volatility
IPOL.L vs. FLQA.L - Volatility Comparison
The current volatility for iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) is 5.32%, while Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.L) has a volatility of 10.89%. This indicates that IPOL.L experiences smaller price fluctuations and is considered to be less risky than FLQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPOL.L | FLQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 10.89% | -5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 23.07% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 25.18% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.15% | 17.75% | +12.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 18.53% | +8.87% |
IPOL.L vs. FLQA.L - Expense Ratio Comparison
IPOL.L has a 0.74% expense ratio, which is higher than FLQA.L's 0.14% expense ratio.
Dividends
IPOL.L vs. FLQA.L - Dividend Comparison
Neither IPOL.L nor FLQA.L has paid dividends to shareholders.
Frequently Asked Questions
IPOL.L and FLQA.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLQA.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLQA.L is cheaper with a 0.14% expense ratio, compared with 0.74% for IPOL.L.
IPOL.L is categorized as Emerging Markets Equities, while FLQA.L is Asia Pacific Equities. IPOL.L tracks MSCI Emerging - Poland in Net USD, while FLQA.L tracks Linked FTSE Asia ex Japan ex China Index - Net Return. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.74% for IPOL.L and 0.14% for FLQA.L.
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