USPA.L vs. FLXB.L
USPA.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF) and FLXB.L (Franklin FTSE Brazil UCITS ETF) are both Global Equities funds from Franklin - USPA.L tracks the Franklin S&P 500 Paris Aligned Climate UCITS ETF while FLXB.L tracks the Franklin FTSE Brazil UCITS ETF. Both are passively managed. Over the past 5 years, USPA.L returned 12.16%/yr vs 6.80%/yr for FLXB.L. At a 0.37 correlation, their price movements are largely independent. USPA.L charges 0.07%/yr vs 0.19%/yr for FLXB.L.
Performance
USPA.L vs. FLXB.L - Performance Comparison
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Returns By Period
In the year-to-date period, USPA.L achieves a 7.03% return, which is significantly lower than FLXB.L's 17.17% return.
USPA.L
- 1D
- -0.31%
- 1M
- -0.65%
- 6M
- 7.59%
- YTD
- 7.03%
- 1Y
- 17.98%
- 3Y*
- 19.02%
- 5Y*
- 12.16%
- 10Y*
- —
FLXB.L
- 1D
- 0.13%
- 1M
- 1.17%
- 6M
- 13.24%
- YTD
- 17.17%
- 1Y
- 39.35%
- 3Y*
- 12.11%
- 5Y*
- 6.80%
- 10Y*
- —
USPA.L vs. FLXB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USPA.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | 7.03% | 15.76% | 26.74% | 30.46% | -22.10% | 32.21% | 16.58% |
FLXB.L Franklin FTSE Brazil UCITS ETF | 17.17% | 45.49% | -27.92% | 33.43% | 10.93% | -16.59% | 14.21% |
Correlation
The correlation between USPA.L and FLXB.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | 0.37 |
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Return for Risk
USPA.L vs. FLXB.L — Risk / Return Rank
USPA.L
FLXB.L
USPA.L vs. FLXB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF (USPA.L) and Franklin FTSE Brazil UCITS ETF (FLXB.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.
| USPA.L | FLXB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.21 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.61 | 5.73 | +0.88 |
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Drawdowns
USPA.L vs. FLXB.L - Drawdown Comparison
The maximum USPA.L drawdown since its inception was -27.78%, smaller than the maximum FLXB.L drawdown of -56.54%. Use the drawdown chart below to compare losses from any high point for USPA.L and FLXB.L.
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Drawdown Indicators
| USPA.L | FLXB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.78% | -56.54% | +28.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -17.78% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -28.79% | +9.93% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -32.17% | +4.39% |
Current DrawdownCurrent decline from peak | -1.28% | -12.54% | +11.26% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -18.96% | +12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 6.89% | -4.09% |
Volatility
USPA.L vs. FLXB.L - Volatility Comparison
The current volatility for Franklin S&P 500 Paris Aligned Climate UCITS ETF (USPA.L) is 3.42%, while Franklin FTSE Brazil UCITS ETF (FLXB.L) has a volatility of 6.41%. This indicates that USPA.L experiences smaller price fluctuations and is considered to be less risky than FLXB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPA.L | FLXB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 6.41% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 18.27% | -8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 23.82% | -11.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 27.18% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 32.03% | -15.55% |
USPA.L vs. FLXB.L - Expense Ratio Comparison
USPA.L has a 0.07% expense ratio, which is lower than FLXB.L's 0.19% 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
USPA.L vs. FLXB.L - Dividend Comparison
Neither USPA.L nor FLXB.L has paid dividends to shareholders.
Frequently Asked Questions
USPA.L and FLXB.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USPA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USPA.L is cheaper with a 0.07% expense ratio, compared with 0.19% for FLXB.L.
USPA.L tracks Franklin S&P 500 Paris Aligned Climate UCITS ETF, while FLXB.L tracks Franklin FTSE Brazil UCITS ETF. Their fees differ too: 0.07% for USPA.L and 0.19% for FLXB.L.
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