ISAC.L vs. FLXK.L
ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - ISAC.L tracks the MSCI All Country World Index (Net) while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, ISAC.L returned 11.12%/yr vs 15.67%/yr for FLXK.L. A 0.68 correlation means they provide meaningful diversification when combined. ISAC.L charges 0.20%/yr vs 0.09%/yr for FLXK.L.
Performance
ISAC.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAC.L achieves a 11.18% return, which is significantly lower than FLXK.L's 75.46% return.
ISAC.L
- 1D
- 0.12%
- 1M
- -0.60%
- 6M
- 9.67%
- YTD
- 11.18%
- 1Y
- 23.73%
- 3Y*
- 19.02%
- 5Y*
- 11.12%
- 10Y*
- 12.44%
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
ISAC.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.18% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 15.50% |
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 ISAC.L and FLXK.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.68 |
The correlation between ISAC.L and FLXK.L has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
ISAC.L vs. FLXK.L — Risk / Return Rank
ISAC.L
FLXK.L
ISAC.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.
| ISAC.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.47 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 5.86 | -3.17 |
| Martin ratioReturn relative to average drawdown | 10.76 | 18.40 | -7.64 |
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Drawdowns
ISAC.L vs. FLXK.L - Drawdown Comparison
The maximum ISAC.L drawdown since its inception was -33.82%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for ISAC.L and FLXK.L.
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Drawdown Indicators
| ISAC.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -49.43% | +15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -24.10% | +15.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -28.54% | +11.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -47.00% | +20.93% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -24.10% | +23.07% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -20.23% | +15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 7.70% | -5.50% |
Volatility
ISAC.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) is 3.18%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that ISAC.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
| ISAC.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 19.75% | -16.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 41.53% | -30.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 45.08% | -32.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 29.63% | -13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 29.61% | -13.79% |
ISAC.L vs. FLXK.L - Expense Ratio Comparison
ISAC.L has a 0.20% expense ratio, which is higher than FLXK.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISAC.L vs. FLXK.L - Dividend Comparison
Neither ISAC.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
ISAC.L and FLXK.L have a correlation of 0.66, 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 0.20% for ISAC.L.
ISAC.L tracks MSCI All Country World Index (Net), while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.20% for ISAC.L and 0.09% for FLXK.L.
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