ISDE.L vs. FLQA.L
ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) and FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc)) are both exchange-traded funds - ISDE.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Islamic Index, 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, ISDE.L returned 9.96%/yr vs 12.23%/yr for FLQA.L. Their correlation of 0.86 suggests significant overlap in exposure. ISDE.L charges 0.85%/yr vs 0.14%/yr for FLQA.L.
Performance
ISDE.L vs. FLQA.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISDE.L achieves a 38.21% return, which is significantly higher than FLQA.L's 30.17% return.
ISDE.L
- 1D
- -2.17%
- 1M
- -15.35%
- 6M
- 28.14%
- YTD
- 38.21%
- 1Y
- 66.38%
- 3Y*
- 23.97%
- 5Y*
- 9.96%
- 10Y*
- 10.80%
FLQA.L
- 1D
- -1.86%
- 1M
- -11.56%
- 6M
- 22.63%
- YTD
- 30.17%
- 1Y
- 48.05%
- 3Y*
- 24.43%
- 5Y*
- 12.23%
- 10Y*
- —
ISDE.L vs. FLQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 38.21% | 39.00% | -3.54% | 14.04% | -22.75% | 2.66% | 22.18% | 19.37% | -11.63% |
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 ISDE.L and FLQA.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2018 | 0.86 |
The correlation between ISDE.L and FLQA.L has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
ISDE.L vs. FLQA.L — Risk / Return Rank
ISDE.L
FLQA.L
ISDE.L vs. FLQA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.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.
| ISDE.L | FLQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.37 | +0.19 |
| Martin ratioReturn relative to average drawdown | 12.95 | 10.76 | +2.19 |
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Drawdowns
ISDE.L vs. FLQA.L - Drawdown Comparison
The maximum ISDE.L drawdown since its inception was -65.53%, 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 ISDE.L and FLQA.L.
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Drawdown Indicators
| ISDE.L | FLQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.53% | -29.21% | -36.32% |
Max Drawdown (1Y)Largest decline over 1 year | -18.56% | -14.19% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -22.19% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -32.16% | -25.38% | -6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -36.64% | — | — |
Current DrawdownCurrent decline from peak | -18.56% | -14.19% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -22.77% | -7.22% | -15.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 4.45% | +0.66% |
Volatility
ISDE.L vs. FLQA.L - Volatility Comparison
iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a higher volatility of 14.06% compared to Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.L) at 10.89%. This indicates that ISDE.L's price experiences larger fluctuations and is considered to be riskier 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
| ISDE.L | FLQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.06% | 10.89% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 27.81% | 23.07% | +4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.85% | 25.18% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.61% | 17.75% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 18.53% | +1.83% |
ISDE.L vs. FLQA.L - Expense Ratio Comparison
ISDE.L has a 0.85% expense ratio, which is higher than FLQA.L's 0.14% expense ratio.
Dividends
ISDE.L vs. FLQA.L - Dividend Comparison
ISDE.L's dividend yield for the trailing twelve months is around 1.25%, while FLQA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 1.25% | 1.06% | 2.51% | 2.77% | 2.10% | 1.79% | 0.98% | 1.55% | 1.64% | 1.02% | 1.07% | 2.32% |
Frequently Asked Questions
ISDE.L and FLQA.L have a correlation of 0.90, 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 0.85% for ISDE.L.
ISDE.L is categorized as Emerging Markets Equities, while FLQA.L is Asia Pacific Equities. ISDE.L tracks MSCI Emerging Markets Islamic Index, 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: 0.85% for ISDE.L and 0.14% for FLQA.L.
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