IUQA.L vs. FLXK.L
IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) and FLXK.L (Franklin FTSE Korea UCITS ETF USD (Acc)) are both exchange-traded funds - IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while FLXK.L is a South Korea Equities fund tracking the FTSE Korea 30/18 Capped Index (Net Return). Both are passively managed. Over the past 5 years, IUQA.L returned 11.21%/yr vs 15.20%/yr for FLXK.L. A 0.58 correlation means they provide meaningful diversification when combined. IUQA.L charges 0.20%/yr vs 0.09%/yr for FLXK.L.
Performance
IUQA.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUQA.L achieves a 9.47% return, which is significantly lower than FLXK.L's 71.91% return.
IUQA.L
- 1D
- -1.29%
- 1M
- 0.11%
- 6M
- 7.42%
- YTD
- 9.47%
- 1Y
- 19.35%
- 3Y*
- 17.47%
- 5Y*
- 11.21%
- 10Y*
- —
FLXK.L
- 1D
- -2.04%
- 1M
- -22.39%
- 6M
- 50.11%
- YTD
- 71.91%
- 1Y
- 137.12%
- 3Y*
- 38.47%
- 5Y*
- 15.20%
- 10Y*
- —
IUQA.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 9.47% | 12.46% | 22.48% | 30.95% | -20.74% | 27.56% | 16.09% | 18.64% |
FLXK.L Franklin FTSE Korea UCITS ETF USD (Acc) | 71.91% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between IUQA.L and FLXK.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.58 |
The correlation between IUQA.L and FLXK.L has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
IUQA.L vs. FLXK.L — Risk / Return Rank
IUQA.L
FLXK.L
IUQA.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) and Franklin FTSE Korea UCITS ETF USD (Acc) (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.
| IUQA.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 5.32 | -2.90 |
| Martin ratioReturn relative to average drawdown | 10.28 | 17.39 | -7.11 |
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Drawdowns
IUQA.L vs. FLXK.L - Drawdown Comparison
The maximum IUQA.L drawdown since its inception was -33.96%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for IUQA.L and FLXK.L.
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Drawdown Indicators
| IUQA.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -49.43% | +15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -25.64% | +17.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.03% | -28.54% | +10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -47.00% | +19.23% |
Current DrawdownCurrent decline from peak | -1.29% | -25.64% | +24.35% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -20.23% | +14.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 7.86% | -5.98% |
Volatility
IUQA.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) is 3.28%, while Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) has a volatility of 18.88%. This indicates that IUQA.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
| IUQA.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 18.88% | -15.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 41.57% | -32.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 45.12% | -33.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 29.63% | -13.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.74% | 29.60% | +1.14% |
IUQA.L vs. FLXK.L - Expense Ratio Comparison
IUQA.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
IUQA.L vs. FLXK.L - Dividend Comparison
Neither IUQA.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
IUQA.L and FLXK.L have a correlation of 0.49, 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 IUQA.L.
IUQA.L is categorized as Large Cap Blend Equities, while FLXK.L is South Korea Equities. IUQA.L tracks MSCI USA Sector Neutral Quality Index, while FLXK.L tracks FTSE Korea 30/18 Capped Index (Net Return). They also come from different issuers: iShares and Franklin. Their fees differ too: 0.20% for IUQA.L and 0.09% for FLXK.L.
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