SPXE.L vs. FLXK.L
SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - SPXE.L tracks the Invesco S&P 500 Scored & Screened ETF Acc while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, SPXE.L returned 13.72%/yr vs 15.67%/yr for FLXK.L. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
SPXE.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPXE.L achieves a 9.73% return, which is significantly lower than FLXK.L's 75.46% return.
SPXE.L
- 1D
- -0.05%
- 1M
- -0.92%
- 6M
- 9.61%
- YTD
- 9.73%
- 1Y
- 23.78%
- 3Y*
- 19.79%
- 5Y*
- 13.72%
- 10Y*
- —
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
SPXE.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPXE.L Invesco S&P 500 Scored & Screened ETF Acc | 9.73% | 17.97% | 24.55% | 28.40% | -18.00% | 32.29% | 28.38% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 71.44% |
Correlation
The correlation between SPXE.L and FLXK.L is 0.57, 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 | 0.57 |
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 Mar 10, 2020 | 0.58 |
The correlation between SPXE.L and FLXK.L has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.
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Return for Risk
SPXE.L vs. FLXK.L — Risk / Return Rank
SPXE.L
FLXK.L
SPXE.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) and Franklin FTSE Korea UCITS ETF (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.
| SPXE.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 5.86 | -3.09 |
| Martin ratioReturn relative to average drawdown | 11.84 | 18.40 | -6.56 |
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Drawdowns
SPXE.L vs. FLXK.L - Drawdown Comparison
The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for SPXE.L and FLXK.L.
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Drawdown Indicators
| SPXE.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -49.43% | +25.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -24.10% | +15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -28.54% | +9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.93% | -47.00% | +23.07% |
Current DrawdownCurrent decline from peak | -0.92% | -24.10% | +23.18% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -20.23% | +15.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 7.70% | -5.63% |
Volatility
SPXE.L vs. FLXK.L - Volatility Comparison
The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) is 2.79%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that SPXE.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
| SPXE.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 19.75% | -16.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 41.53% | -32.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 45.08% | -33.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 29.63% | -13.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 29.61% | -10.43% |
Dividends
SPXE.L vs. FLXK.L - Dividend Comparison
Neither SPXE.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
SPXE.L and FLXK.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXE.L tracks Invesco S&P 500 Scored & Screened ETF Acc, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: Invesco and Franklin.
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