LGAP.L vs. FLXK.L
LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc)) and FLXK.L (Franklin FTSE Korea UCITS ETF USD (Acc)) are both exchange-traded funds - LGAP.L is a Asia Pacific Equities fund tracking the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR, 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, LGAP.L returned 5.36%/yr vs 15.20%/yr for FLXK.L. A 0.66 correlation means they provide meaningful diversification when combined. LGAP.L charges 0.10%/yr vs 0.09%/yr for FLXK.L.
Performance
LGAP.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGAP.L achieves a 8.67% return, which is significantly lower than FLXK.L's 71.91% return.
LGAP.L
- 1D
- -0.95%
- 1M
- -0.95%
- 6M
- 6.00%
- YTD
- 8.67%
- 1Y
- 13.33%
- 3Y*
- 11.89%
- 5Y*
- 5.36%
- 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*
- —
LGAP.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) | 8.67% | 20.97% | 4.67% | 4.82% | -5.65% | 2.87% | 8.44% | 7.64% |
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 LGAP.L and FLXK.L is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.66 |
The correlation between LGAP.L and FLXK.L shifts across timeframes, from 0.54 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LGAP.L vs. FLXK.L — Risk / Return Rank
LGAP.L
FLXK.L
LGAP.L vs. FLXK.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 USD (Acc) (LGAP.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.
| LGAP.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.45 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 5.32 | -3.75 |
| Martin ratioReturn relative to average drawdown | 4.14 | 17.39 | -13.24 |
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Drawdowns
LGAP.L vs. FLXK.L - Drawdown Comparison
The maximum LGAP.L drawdown since its inception was -38.56%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for LGAP.L and FLXK.L.
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Drawdown Indicators
| LGAP.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.56% | -49.43% | +10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -25.64% | +17.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -28.54% | +9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -47.00% | +22.69% |
Current DrawdownCurrent decline from peak | -3.07% | -25.64% | +22.57% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -20.23% | +12.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 7.86% | -4.65% |
Volatility
LGAP.L vs. FLXK.L - Volatility Comparison
The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.L) is 3.28%, while Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) has a volatility of 18.88%. This indicates that LGAP.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
| LGAP.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 | 11.70% | 41.57% | -29.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 45.12% | -31.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 29.63% | -12.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 29.60% | -10.34% |
LGAP.L vs. FLXK.L - Expense Ratio Comparison
LGAP.L has a 0.10% 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
LGAP.L vs. FLXK.L - Dividend Comparison
Neither LGAP.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
LGAP.L and FLXK.L have a correlation of 0.54, 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 0.10% for LGAP.L.
LGAP.L is categorized as Asia Pacific Equities, while FLXK.L is South Korea Equities. LGAP.L tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR, while FLXK.L tracks FTSE Korea 30/18 Capped Index (Net Return). They also come from different issuers: L&G and Franklin. Their fees differ too: 0.10% for LGAP.L and 0.09% for FLXK.L.
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