IUSC.DE vs. FLXB.DE
IUSC.DE (iShares MSCI EM Latin America UCITS ETF (Dist)) and FLXB.DE (Franklin FTSE Brazil UCITS ETF) are both Latin America Equities funds - IUSC.DE tracks the MSCI Emerging Markets Latin America 10/40 while FLXB.DE tracks the FTSE Brazil 30/18 Capped. Both are passively managed. Over the past 5 years, IUSC.DE returned 9.18%/yr vs 6.83%/yr for FLXB.DE. Their correlation of 0.93 suggests significant overlap in exposure. IUSC.DE charges 0.20%/yr vs 0.19%/yr for FLXB.DE.
Performance
IUSC.DE vs. FLXB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSC.DE achieves a 10.69% return, which is significantly lower than FLXB.DE's 15.75% return.
IUSC.DE
- 1D
- -0.68%
- 1M
- -7.19%
- YTD
- 10.69%
- 6M
- 8.24%
- 1Y
- 33.46%
- 3Y*
- 10.03%
- 5Y*
- 9.18%
- 10Y*
- 6.94%
FLXB.DE
- 1D
- -0.76%
- 1M
- -10.22%
- YTD
- 15.75%
- 6M
- 9.70%
- 1Y
- 32.46%
- 3Y*
- 10.43%
- 5Y*
- 6.83%
- 10Y*
- —
IUSC.DE vs. FLXB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 10.69% | 36.88% | -22.89% | 28.61% | 15.20% | -3.88% | -19.69% | 9.98% |
FLXB.DE Franklin FTSE Brazil UCITS ETF | 15.75% | 29.01% | -23.72% | 28.92% | 18.78% | -11.29% | -26.34% | 15.80% |
Correlation
The correlation between IUSC.DE and FLXB.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2019 | 0.93 |
The correlation between IUSC.DE and FLXB.DE has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
IUSC.DE vs. FLXB.DE — Risk / Return Rank
IUSC.DE
FLXB.DE
IUSC.DE vs. FLXB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) and Franklin FTSE Brazil UCITS ETF (FLXB.DE). 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.
| IUSC.DE | FLXB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.31 | +0.69 |
| Martin ratioReturn relative to average drawdown | 9.20 | 7.41 | +1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUSC.DE | FLXB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.41 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.26 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.13 | -0.05 |
Drawdowns
IUSC.DE vs. FLXB.DE - Drawdown Comparison
The maximum IUSC.DE drawdown since its inception was -58.97%, which is greater than FLXB.DE's maximum drawdown of -54.94%. Use the drawdown chart below to compare losses from any high point for IUSC.DE and FLXB.DE.
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Drawdown Indicators
| IUSC.DE | FLXB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.97% | -54.94% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -14.01% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -25.76% | -25.88% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | -28.51% | +2.75% |
Max Drawdown (10Y)Largest decline over 10 years | -49.91% | — | — |
Current DrawdownCurrent decline from peak | -11.12% | -14.01% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -25.36% | -18.40% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 4.37% | -0.74% |
Volatility
IUSC.DE vs. FLXB.DE - Volatility Comparison
The current volatility for iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) is 5.36%, while Franklin FTSE Brazil UCITS ETF (FLXB.DE) has a volatility of 6.93%. This indicates that IUSC.DE experiences smaller price fluctuations and is considered to be less risky than FLXB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSC.DE | FLXB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 6.93% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 19.35% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 22.98% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.76% | 25.95% | -5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 31.07% | -5.85% |
IUSC.DE vs. FLXB.DE - Expense Ratio Comparison
IUSC.DE has a 0.20% expense ratio, which is higher than FLXB.DE's 0.19% 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
IUSC.DE vs. FLXB.DE - Dividend Comparison
IUSC.DE's dividend yield for the trailing twelve months is around 3.02%, while FLXB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLXB.DE Franklin FTSE Brazil UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 3.02% | 3.20% | 5.24% | 3.98% | 6.78% | 2.68% | 1.65% | 2.07% | 1.88% | 1.41% | 1.22% | 2.65% |
Frequently Asked Questions
IUSC.DE and FLXB.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXB.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for IUSC.DE.
IUSC.DE tracks MSCI Emerging Markets Latin America 10/40, while FLXB.DE tracks FTSE Brazil 30/18 Capped. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for IUSC.DE and 0.19% for FLXB.DE.
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