R1GR.L vs. FLES.L
R1GR.L (iShares Russell 1000 Growth UCITS ETF) and FLES.L (Franklin Euro Short Maturity UCITS ETF) are both Global Equities funds - R1GR.L tracks the iShares Russell 1000 Growth UCITS ETF while FLES.L tracks the Franklin Euro Short Maturity UCITS ETF. Both are passively managed. Over the past 3 years, R1GR.L returned 20.56%/yr vs 3.92%/yr for FLES.L. At a 0.12 correlation, their price movements are largely independent.
Performance
R1GR.L vs. FLES.L - Performance Comparison
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Different Trading Currencies
R1GR.L is traded in USD, while FLES.L is traded in EUR. To make them comparable, the FLES.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, R1GR.L achieves a 3.02% return, which is significantly higher than FLES.L's -1.49% return.
R1GR.L
- 1D
- -0.21%
- 1M
- -1.39%
- 6M
- 4.77%
- YTD
- 3.02%
- 1Y
- 13.82%
- 3Y*
- 20.56%
- 5Y*
- —
- 10Y*
- —
FLES.L
- 1D
- 0.50%
- 1M
- -0.93%
- 6M
- -0.68%
- YTD
- -1.49%
- 1Y
- 0.66%
- 3Y*
- 3.92%
- 5Y*
- 1.62%
- 10Y*
- —
R1GR.L vs. FLES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1GR.L iShares Russell 1000 Growth UCITS ETF | 3.02% | 17.39% | 34.17% | 10.92% |
FLES.L Franklin Euro Short Maturity UCITS ETF | -1.49% | 16.13% | -2.23% | 3.93% |
Correlation
The correlation between R1GR.L and FLES.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.12 |
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Return for Risk
R1GR.L vs. FLES.L — Risk / Return Rank
R1GR.L
FLES.L
R1GR.L vs. FLES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth UCITS ETF (R1GR.L) and Franklin Euro Short Maturity UCITS ETF (FLES.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.
| R1GR.L | FLES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.02 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.13 | +0.81 |
| Martin ratioReturn relative to average drawdown | 2.86 | 0.28 | +2.58 |
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Drawdowns
R1GR.L vs. FLES.L - Drawdown Comparison
The maximum R1GR.L drawdown since its inception was -23.18%, roughly equal to the maximum FLES.L drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for R1GR.L and FLES.L.
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Drawdown Indicators
| R1GR.L | FLES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.18% | -22.21% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -15.74% | -5.08% | -10.66% |
Max Drawdown (3Y)Largest decline over 3 years | -23.18% | -7.56% | -15.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.33% | — |
Current DrawdownCurrent decline from peak | -4.75% | -3.98% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -6.60% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 2.39% | +2.77% |
Volatility
R1GR.L vs. FLES.L - Volatility Comparison
iShares Russell 1000 Growth UCITS ETF (R1GR.L) has a higher volatility of 5.51% compared to Franklin Euro Short Maturity UCITS ETF (FLES.L) at 1.61%. This indicates that R1GR.L's price experiences larger fluctuations and is considered to be riskier than FLES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R1GR.L | FLES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 1.61% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 4.56% | +8.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 6.22% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 7.64% | +10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 7.25% | +10.78% |
Dividends
R1GR.L vs. FLES.L - Dividend Comparison
R1GR.L has not paid dividends to shareholders, while FLES.L's dividend yield for the trailing twelve months is around 1.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FLES.L Franklin Euro Short Maturity UCITS ETF | 1.92% | 2.62% | 2.55% | 1.20% | 0.26% |
R1GR.L iShares Russell 1000 Growth UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
R1GR.L and FLES.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
R1GR.L tracks iShares Russell 1000 Growth UCITS ETF, while FLES.L tracks Franklin Euro Short Maturity UCITS ETF. They also come from different issuers: iShares and Franklin.
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