IUSZ.L vs. FLXK.L
IUSZ.L (iShares MSCI USA Mid-Cap Equal Weight UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - IUSZ.L tracks the iShares MSCI USA Mid-Cap Equal Weight UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, IUSZ.L returned 6.53%/yr vs 15.67%/yr for FLXK.L. A 0.54 correlation means they provide meaningful diversification when combined. IUSZ.L charges 0.20%/yr vs 0.09%/yr for FLXK.L.
Performance
IUSZ.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUSZ.L achieves a 8.28% return, which is significantly lower than FLXK.L's 75.46% return.
IUSZ.L
- 1D
- -0.50%
- 1M
- -0.42%
- 6M
- 5.64%
- YTD
- 8.28%
- 1Y
- 14.27%
- 3Y*
- 11.91%
- 5Y*
- 6.53%
- 10Y*
- —
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
IUSZ.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 8.28% | 8.58% | 12.73% | 17.19% | -18.26% | 26.04% | 17.67% | 13.63% |
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 IUSZ.L and FLXK.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.54 |
The correlation between IUSZ.L and FLXK.L has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.
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Return for Risk
IUSZ.L vs. FLXK.L — Risk / Return Rank
IUSZ.L
FLXK.L
IUSZ.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.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.
| IUSZ.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.47 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 5.86 | -3.93 |
| Martin ratioReturn relative to average drawdown | 6.85 | 18.40 | -11.55 |
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Drawdowns
IUSZ.L vs. FLXK.L - Drawdown Comparison
The maximum IUSZ.L drawdown since its inception was -41.10%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for IUSZ.L and FLXK.L.
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Drawdown Indicators
| IUSZ.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.10% | -49.43% | +8.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -24.10% | +15.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -28.54% | +7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -47.00% | +21.30% |
Current DrawdownCurrent decline from peak | -1.67% | -24.10% | +22.43% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -20.23% | +13.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 7.70% | -5.38% |
Volatility
IUSZ.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.L) is 3.88%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that IUSZ.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
| IUSZ.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 19.75% | -15.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 41.53% | -32.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 45.08% | -32.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 29.63% | -11.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 29.61% | -8.89% |
IUSZ.L vs. FLXK.L - Expense Ratio Comparison
IUSZ.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
IUSZ.L vs. FLXK.L - Dividend Comparison
IUSZ.L's dividend yield for the trailing twelve months is around 0.43%, while FLXK.L has not paid dividends to shareholders.
| Position | TTM |
|---|---|
FLXK.L Franklin FTSE Korea UCITS ETF | 0.00% |
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 0.43% |
Frequently Asked Questions
IUSZ.L and FLXK.L have a correlation of 0.44, 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 IUSZ.L.
IUSZ.L tracks iShares MSCI USA Mid-Cap Equal Weight UCITS ETF, 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 IUSZ.L and 0.09% for FLXK.L.
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