PINE vs. FLKR

Last updated Aug 1, 2026

PINE (Alpine Income Property Trust, Inc.) is a stock, while FLKR (Franklin FTSE South Korea ETF) is South Korea Equities fund tracking the FTSE South Korea RIC Capped Index. Over the past 5 years, PINE returned 7.21%/yr vs 14.07%/yr for FLKR. Their 0.20 correlation means their historical movements had little consistent relationship.

Performance

PINE vs. FLKR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpine Income Property Trust, Inc. (PINE) and Franklin FTSE South Korea ETF (FLKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PINE achieves a 24.46% return, which is significantly lower than FLKR's 61.37% return.

PINE

• 1D: -0.59%
• 1M: -2.13%
• 6M: 18.11%
• YTD: 24.46%
• 1Y: 52.55%
• 3Y*: 13.15%
• 5Y*: 7.21%
• 10Y*: —
• ALL TIME*: 7.41%

FLKR

• 1D: -2.28%
• 1M: -12.85%
• 6M: 29.07%
• YTD: 61.37%
• 1Y: 124.39%
• 3Y*: 35.68%
• 5Y*: 14.07%
• 10Y*: —
• ALL TIME*: 11.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLKR Franklin FTSE South Korea ETF	$43.49M	$47.84M	$51.57M
PINE Alpine Income Property Trust, Inc.	$3.90M	$3.26M	$3.57M

PINE vs. FLKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PINE Alpine Income Property Trust, Inc.	24.46%	6.97%	6.13%	-5.46%	0.95%	41.19%	-15.69%	0.47%
FLKR Franklin FTSE South Korea ETF	61.37%	91.91%	-18.84%	19.16%	-27.50%	-7.54%	42.64%	8.00%

Correlation

The correlation between PINE and FLKR is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.00
Correlation (3Y) Balances recent behavior with more history.	0.14
Correlation (5Y) Shows whether the relationship held over a longer period.	0.17
Correlation (All Time) Calculated using the full available price history since Nov 22, 2019	0.20

Over the past year, the correlation between PINE and FLKR has dropped to 0.00 - well below their long-term average of 0.20, suggesting their price drivers have been diverging.

Return for Risk

PINE vs. FLKR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PINE

PINE Risk / Return Rank: 93
PINE Sharpe Ratio Rank: 94
PINE Sortino Ratio Rank: 93
PINE Omega Ratio Rank: 91
PINE Calmar Ratio Rank: 92
PINE Martin Ratio Rank: 92

FLKR

FLKR Risk / Return Rank: 85
FLKR Sharpe Ratio Rank: 90
FLKR Sortino Ratio Rank: 80
FLKR Omega Ratio Rank: 84
FLKR Calmar Ratio Rank: 87
FLKR Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PINE vs. FLKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpine Income Property Trust, Inc. (PINE) and Franklin FTSE South Korea ETF (FLKR). 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.

	PINE	FLKR	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.21	+0.12
Sortino ratio: Return per unit of downside risk	3.13	2.56	+0.57
Omega ratio: Gain probability vs. loss probability	1.38	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	4.07	3.46	+0.61
Martin ratio: Return relative to average drawdown	11.16	12.27	-1.11

PINE vs. FLKR - Sharpe Ratio Comparison

The current PINE Sharpe Ratio is 2.33, which is comparable to the FLKR Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of PINE and FLKR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PINE vs. FLKR - Drawdown Comparison

The maximum PINE drawdown since its inception was -60.00%, which is greater than FLKR's maximum drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for PINE and FLKR.

Drawdown Indicators

	PINE	FLKR	Difference
Max Drawdown Largest peak-to-trough decline	-60.00%	-50.06%	-9.94%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-34.17%	+20.98%
Max Drawdown (3Y) Largest decline over 3 years	-24.78%	-34.17%	+9.39%
Max Drawdown (5Y) Largest decline over 5 years	-26.68%	-47.97%	+21.29%
Current Drawdown Current decline from peak	-7.22%	-28.42%	+21.20%
Average Drawdown Average peak-to-trough decline	-12.01%	-21.96%	+9.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	9.61%	-4.81%

Volatility

PINE vs. FLKR - Volatility Comparison

The current volatility for Alpine Income Property Trust, Inc. (PINE) is 7.74%, while Franklin FTSE South Korea ETF (FLKR) has a volatility of 21.39%. This indicates that PINE experiences smaller price fluctuations and is considered to be less risky than FLKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PINE	FLKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.74%	21.39%	-13.65%
Volatility (6M) Calculated over the trailing 6-month period	18.09%	50.33%	-32.24%
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	53.42%	-30.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.46%	32.16%	-8.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.99%	29.79%	+9.20%

Dividends

PINE vs. FLKR - Dividend Comparison

PINE's dividend yield for the trailing twelve months is around 5.80%, more than FLKR's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKR Franklin FTSE South Korea ETF	2.86%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%
PINE Alpine Income Property Trust, Inc.	5.80%	6.82%	6.61%	6.51%	5.71%	5.06%	5.47%	0.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PINE and FLKR in my portfolio?

PINE and FLKR have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PINE or FLKR?

FLKR has higher volatility (21.39%) compared to PINE (7.74%). In terms of maximum drawdown, PINE dropped -60.00% vs FLKR's -50.06%.

Which has better risk-adjusted returns?

PINE currently has the higher Sharpe Ratio (2.33 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.