VDPG.L vs. FLXK.L

Last updated Jul 18, 2026

VDPG.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc) and FLXK.L (Franklin FTSE Korea UCITS ETF USD (Acc)) are both exchange-traded funds - VDPG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR 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, VDPG.L returned 10.46%/yr vs 15.73%/yr for FLXK.L. Their correlation of 0.85 suggests significant overlap in exposure. VDPG.L charges 0.15%/yr vs 0.09%/yr for FLXK.L.

Performance

VDPG.L vs. FLXK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) and Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VDPG.L is traded in GBP, while FLXK.L is traded in USD. To make them comparable, the FLXK.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VDPG.L achieves a 32.17% return, which is significantly lower than FLXK.L's 72.16% return.

VDPG.L

• 1D: -0.88%
• 1M: -14.24%
• 6M: 23.05%
• YTD: 32.17%
• 1Y: 53.12%
• 3Y*: 20.59%
• 5Y*: 10.46%
• 10Y*: —

FLXK.L

• 1D: -1.88%
• 1M: -23.34%
• 6M: 49.24%
• YTD: 72.16%
• 1Y: 136.47%
• 3Y*: 37.03%
• 5Y*: 15.73%
• 10Y*: —

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

VDPG.L vs. FLXK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VDPG.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc	32.17%	30.58%	-3.06%	4.10%	-1.89%	1.95%	15.56%	-19.58%
FLXK.L Franklin FTSE Korea UCITS ETF USD (Acc)	72.16%	80.91%	-20.26%	14.73%	-19.45%	-5.96%	42.98%	3.52%

Correlation

The correlation between VDPG.L and FLXK.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019	0.85

The correlation between VDPG.L and FLXK.L has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

Return for Risk

VDPG.L vs. FLXK.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VDPG.L

VDPG.L Risk / Return Rank: 78
VDPG.L Sharpe Ratio Rank: 82
VDPG.L Sortino Ratio Rank: 72
VDPG.L Omega Ratio Rank: 82
VDPG.L Calmar Ratio Rank: 78
VDPG.L Martin Ratio Rank: 76

FLXK.L

FLXK.L Risk / Return Rank: 92
FLXK.L Sharpe Ratio Rank: 96
FLXK.L Sortino Ratio Rank: 89
FLXK.L Omega Ratio Rank: 91
FLXK.L Calmar Ratio Rank: 94
FLXK.L Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VDPG.L vs. FLXK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.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.

	VDPG.L	FLXK.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	3.09	-1.01
Sortino ratio: Return per unit of downside risk	2.56	3.26	-0.70
Omega ratio: Gain probability vs. loss probability	1.38	1.46	-0.08
Calmar ratio: Return relative to maximum drawdown	3.13	5.03	-1.89
Martin ratio: Return relative to average drawdown	10.76	17.21	-6.45

VDPG.L vs. FLXK.L - Sharpe Ratio Comparison

The current VDPG.L Sharpe Ratio is 2.07, which is lower than the FLXK.L Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of VDPG.L and FLXK.L, 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

VDPG.L vs. FLXK.L - Drawdown Comparison

The maximum VDPG.L drawdown since its inception was -40.69%, roughly equal to the maximum FLXK.L drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for VDPG.L and FLXK.L.

Drawdown Indicators

	VDPG.L	FLXK.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.69%	-41.70%	+1.01%
Max Drawdown (1Y) Largest decline over 1 year	-16.87%	-26.99%	+10.12%
Max Drawdown (3Y) Largest decline over 3 years	-26.18%	-28.10%	+1.92%
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	-37.31%	+11.13%
Current Drawdown Current decline from peak	-16.87%	-26.99%	+10.12%
Average Drawdown Average peak-to-trough decline	-11.19%	-17.72%	+6.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	7.90%	-2.98%

Volatility

VDPG.L vs. FLXK.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) is 12.79%, while Franklin FTSE Korea UCITS ETF USD (Acc) (FLXK.L) has a volatility of 18.55%. This indicates that VDPG.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.

Volatility by Period

	VDPG.L	FLXK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.79%	18.55%	-5.76%
Volatility (6M) Calculated over the trailing 6-month period	23.93%	40.42%	-16.49%
Volatility (1Y) Calculated over the trailing 1-year period	25.52%	43.95%	-18.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.10%	27.96%	-5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.70%	28.13%	-4.43%

VDPG.L vs. FLXK.L - Expense Ratio Comparison

VDPG.L has a 0.15% expense ratio, which is higher than FLXK.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VDPG.L vs. FLXK.L - Dividend Comparison

Neither VDPG.L nor FLXK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VDPG.L and FLXK.L in my portfolio?

With a correlation of 0.93, VDPG.L and FLXK.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VDPG.L or FLXK.L?

On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VDPG.L or FLXK.L?

FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.15% for VDPG.L.

What is the main difference between VDPG.L and FLXK.L?

VDPG.L is categorized as Asia Pacific Equities, while FLXK.L is South Korea Equities. VDPG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while FLXK.L tracks FTSE Korea 30/18 Capped Index (Net Return). They also come from different issuers: Vanguard and Franklin. Their fees differ too: 0.15% for VDPG.L and 0.09% for FLXK.L.