LGAG.L vs. FRXT.L
LGAG.L (L&G Asia Pacific ex Japan Equity UCITS ETF) and FRXT.L (Franklin FTSE Taiwan UCITS ETF) are both Asia Pacific Equities funds - LGAG.L tracks the MSCI Pacific Ex Japan NR USD while FRXT.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 3 years, LGAG.L returned 10.29%/yr vs 41.30%/yr for FRXT.L. A 0.52 correlation means they provide meaningful diversification when combined. LGAG.L charges 0.10%/yr vs 0.19%/yr for FRXT.L.
Performance
LGAG.L vs. FRXT.L - Performance Comparison
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Different Trading Currencies
LGAG.L is traded in GBp, while FRXT.L is traded in GBP. To make them comparable, the FRXT.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, LGAG.L achieves a 8.78% return, which is significantly lower than FRXT.L's 67.83% return.
LGAG.L
- 1D
- -0.69%
- 1M
- 0.27%
- YTD
- 8.78%
- 6M
- 9.30%
- 1Y
- 17.23%
- 3Y*
- 10.29%
- 5Y*
- 5.68%
- 10Y*
- —
FRXT.L
- 1D
- -1.47%
- 1M
- 15.57%
- YTD
- 67.83%
- 6M
- 73.29%
- 1Y
- 121.18%
- 3Y*
- 41.30%
- 5Y*
- —
- 10Y*
- —
LGAG.L vs. FRXT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LGAG.L L&G Asia Pacific ex Japan Equity UCITS ETF | 8.78% | 12.56% | 6.20% | -0.81% | 1.57% |
FRXT.L Franklin FTSE Taiwan UCITS ETF | 67.83% | 25.34% | 25.66% | 22.61% | -17.25% |
Correlation
The correlation between LGAG.L and FRXT.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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022 | 0.52 |
The correlation between LGAG.L and FRXT.L has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
LGAG.L vs. FRXT.L — Risk / Return Rank
LGAG.L
FRXT.L
LGAG.L vs. FRXT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) and Franklin FTSE Taiwan UCITS ETF (FRXT.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.
| LGAG.L | FRXT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.87 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 13.25 | -10.88 |
| Martin ratioReturn relative to average drawdown | 6.97 | 38.41 | -31.44 |
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
| LGAG.L | FRXT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 5.43 | -3.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 1.28 | -1.12 |
Drawdowns
LGAG.L vs. FRXT.L - Drawdown Comparison
The maximum LGAG.L drawdown since its inception was -35.16%, which is greater than FRXT.L's maximum drawdown of -28.86%. Use the drawdown chart below to compare losses from any high point for LGAG.L and FRXT.L.
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Drawdown Indicators
| LGAG.L | FRXT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.16% | -28.86% | -6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -9.09% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -24.83% | -28.86% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.83% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -1.57% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -6.95% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.14% | -0.67% |
Volatility
LGAG.L vs. FRXT.L - Volatility Comparison
The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) is 3.98%, while Franklin FTSE Taiwan UCITS ETF (FRXT.L) has a volatility of 9.21%. This indicates that LGAG.L experiences smaller price fluctuations and is considered to be less risky than FRXT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGAG.L | FRXT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 9.21% | -5.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 17.85% | -9.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 22.19% | -11.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 20.73% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 20.73% | +1.54% |
LGAG.L vs. FRXT.L - Expense Ratio Comparison
LGAG.L has a 0.10% expense ratio, which is lower than FRXT.L's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LGAG.L vs. FRXT.L - Dividend Comparison
Neither LGAG.L nor FRXT.L has paid dividends to shareholders.
Frequently Asked Questions
LGAG.L and FRXT.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, LGAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGAG.L is cheaper with a 0.10% expense ratio, compared with 0.19% for FRXT.L.
LGAG.L tracks MSCI Pacific Ex Japan NR USD, while FRXT.L tracks MSCI Taiwan NR USD. They also come from different issuers: Legal & General and Franklin Templeton. Their fees differ too: 0.10% for LGAG.L and 0.19% for FRXT.L.
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