IRSA.L vs. FLXK.L
IRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - IRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, IRSA.L returned 10.90%/yr vs 15.67%/yr for FLXK.L. A 0.59 correlation means they provide meaningful diversification when combined. IRSA.L charges 0.65%/yr vs 0.09%/yr for FLXK.L.
Performance
IRSA.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, IRSA.L achieves a -4.47% return, which is significantly lower than FLXK.L's 75.46% return.
IRSA.L
- 1D
- 1.35%
- 1M
- -4.91%
- 6M
- -10.54%
- YTD
- -4.47%
- 1Y
- 32.37%
- 3Y*
- 21.89%
- 5Y*
- 10.90%
- 10Y*
- 6.54%
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
IRSA.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IRSA.L iShares MSCI South Africa UCITS ETF USD (Acc) | -4.47% | 76.74% | 7.84% | 0.20% | -3.75% | 3.99% | -2.70% | 1.92% |
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 IRSA.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 | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.59 |
The correlation between IRSA.L and FLXK.L has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
IRSA.L vs. FLXK.L — Risk / Return Rank
IRSA.L
FLXK.L
IRSA.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.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.
| IRSA.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.47 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 5.86 | -4.49 |
| Martin ratioReturn relative to average drawdown | 2.95 | 18.40 | -15.45 |
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Drawdowns
IRSA.L vs. FLXK.L - Drawdown Comparison
The maximum IRSA.L drawdown since its inception was -61.84%, which is greater than FLXK.L's maximum drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for IRSA.L and FLXK.L.
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Drawdown Indicators
| IRSA.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.84% | -49.43% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -24.10% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -28.54% | +5.67% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -47.00% | +12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -61.84% | — | — |
Current DrawdownCurrent decline from peak | -19.50% | -24.10% | +4.60% |
Average DrawdownAverage peak-to-trough decline | -17.86% | -20.23% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 7.70% | +2.98% |
Volatility
IRSA.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.L) is 7.83%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that IRSA.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
| IRSA.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 19.75% | -11.92% |
Volatility (6M)Calculated over the trailing 6-month period | 27.42% | 41.53% | -14.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.59% | 45.08% | -12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 29.63% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.78% | 29.61% | +0.17% |
IRSA.L vs. FLXK.L - Expense Ratio Comparison
IRSA.L has a 0.65% expense ratio, which is higher than FLXK.L's 0.09% expense ratio.
Dividends
IRSA.L vs. FLXK.L - Dividend Comparison
Neither IRSA.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
IRSA.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 0.65% for IRSA.L.
IRSA.L tracks iShares MSCI South Africa UCITS ETF USD (Acc), while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.65% for IRSA.L and 0.09% for FLXK.L.
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