MXUS.L vs. FLXK.L
MXUS.L (Invesco MSCI USA UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF USD (Acc)) are both exchange-traded funds - MXUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, 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, MXUS.L returned 12.53%/yr vs 15.20%/yr for FLXK.L. A 0.59 correlation means they provide meaningful diversification when combined. MXUS.L charges 0.05%/yr vs 0.09%/yr for FLXK.L.
Performance
MXUS.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, MXUS.L achieves a 9.10% return, which is significantly lower than FLXK.L's 71.91% return.
MXUS.L
- 1D
- -1.12%
- 1M
- -0.29%
- 6M
- 8.09%
- YTD
- 9.10%
- 1Y
- 19.92%
- 3Y*
- 19.62%
- 5Y*
- 12.53%
- 10Y*
- 14.91%
FLXK.L
- 1D
- -2.04%
- 1M
- -22.39%
- 6M
- 50.11%
- YTD
- 71.91%
- 1Y
- 137.12%
- 3Y*
- 38.47%
- 5Y*
- 15.20%
- 10Y*
- —
MXUS.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MXUS.L Invesco MSCI USA UCITS ETF | 9.10% | 17.34% | 25.58% | 27.83% | -20.03% | 27.90% | 20.98% | 18.05% |
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 MXUS.L and FLXK.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.59 |
The correlation between MXUS.L and FLXK.L has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.
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Return for Risk
MXUS.L vs. FLXK.L — Risk / Return Rank
MXUS.L
FLXK.L
MXUS.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (MXUS.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.
| MXUS.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 5.32 | -2.94 |
| Martin ratioReturn relative to average drawdown | 9.49 | 17.39 | -7.90 |
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Drawdowns
MXUS.L vs. FLXK.L - Drawdown Comparison
The maximum MXUS.L drawdown since its inception was -34.38%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for MXUS.L and FLXK.L.
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Drawdown Indicators
| MXUS.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.38% | -49.43% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -25.64% | +17.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -28.54% | +9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -47.00% | +21.75% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -25.64% | +24.10% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -20.23% | +16.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 7.86% | -5.77% |
Volatility
MXUS.L vs. FLXK.L - Volatility Comparison
The current volatility for Invesco MSCI USA UCITS ETF (MXUS.L) is 3.01%, while Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) has a volatility of 18.88%. This indicates that MXUS.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
| MXUS.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 18.88% | -15.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 41.57% | -32.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 45.12% | -32.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 29.63% | -13.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 29.60% | -13.32% |
MXUS.L vs. FLXK.L - Expense Ratio Comparison
MXUS.L has a 0.05% expense ratio, which is lower than FLXK.L's 0.09% 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
MXUS.L vs. FLXK.L - Dividend Comparison
Neither MXUS.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
MXUS.L and FLXK.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MXUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MXUS.L is cheaper with a 0.05% expense ratio, compared with 0.09% for FLXK.L.
MXUS.L is categorized as Large Cap Blend Equities, while FLXK.L is South Korea Equities. MXUS.L tracks Russell 1000 TR USD, while FLXK.L tracks FTSE Korea 30/18 Capped Index (Net Return). They also come from different issuers: Invesco and Franklin. Their fees differ too: 0.05% for MXUS.L and 0.09% for FLXK.L.
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