VGEK.DE vs. FLXK.DE
VGEK.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating) and FLXK.DE (Franklin FTSE Korea UCITS ETF) are both Asia Pacific Equities funds - VGEK.DE tracks the FTSE Developed Asia Pacific ex Japan while FLXK.DE tracks the FTSE Korea 30/18 Capped. Both are passively managed. Over the past 5 years, VGEK.DE returned 12.83%/yr vs 20.42%/yr for FLXK.DE. Their correlation of 0.85 suggests significant overlap in exposure. VGEK.DE charges 0.15%/yr vs 0.09%/yr for FLXK.DE.
Performance
VGEK.DE vs. FLXK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEK.DE achieves a 49.52% return, which is significantly lower than FLXK.DE's 113.07% return.
VGEK.DE
- 1D
- -3.21%
- 1M
- 6.68%
- YTD
- 49.52%
- 6M
- 54.00%
- 1Y
- 77.62%
- 3Y*
- 24.83%
- 5Y*
- 12.83%
- 10Y*
- —
FLXK.DE
- 1D
- -5.45%
- 1M
- 13.51%
- YTD
- 113.07%
- 6M
- 125.49%
- 1Y
- 216.17%
- 3Y*
- 46.07%
- 5Y*
- 20.42%
- 10Y*
- —
VGEK.DE vs. FLXK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating | 49.52% | 25.03% | 1.02% | 6.43% | -7.37% | 9.39% | 8.22% | 6.27% |
FLXK.DE Franklin FTSE Korea UCITS ETF | 113.07% | 73.17% | -17.06% | 16.74% | -23.45% | 0.14% | 34.15% | 10.01% |
Correlation
The correlation between VGEK.DE and FLXK.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.85 |
The correlation between VGEK.DE and FLXK.DE has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
VGEK.DE vs. FLXK.DE — Risk / Return Rank
VGEK.DE
FLXK.DE
VGEK.DE vs. FLXK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) and Franklin FTSE Korea UCITS ETF (FLXK.DE). 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.
| VGEK.DE | FLXK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.79 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | 10.68 | -4.51 |
| Martin ratioReturn relative to average drawdown | 24.03 | 38.63 | -14.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGEK.DE | FLXK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.77 | 5.91 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.80 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.84 | -0.16 |
Drawdowns
VGEK.DE vs. FLXK.DE - Drawdown Comparison
The maximum VGEK.DE drawdown since its inception was -36.64%, smaller than the maximum FLXK.DE drawdown of -39.43%. Use the drawdown chart below to compare losses from any high point for VGEK.DE and FLXK.DE.
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Drawdown Indicators
| VGEK.DE | FLXK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.64% | -39.43% | +2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -20.92% | +8.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -29.99% | +10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -39.36% | +19.68% |
Current DrawdownCurrent decline from peak | -3.76% | -5.90% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -15.54% | +9.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 5.80% | -2.48% |
Volatility
VGEK.DE vs. FLXK.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) is 10.20%, while Franklin FTSE Korea UCITS ETF (FLXK.DE) has a volatility of 17.58%. This indicates that VGEK.DE experiences smaller price fluctuations and is considered to be less risky than FLXK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEK.DE | FLXK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 17.58% | -7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 33.23% | -14.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 37.87% | -16.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 25.35% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 26.75% | -7.15% |
VGEK.DE vs. FLXK.DE - Expense Ratio Comparison
VGEK.DE has a 0.15% expense ratio, which is higher than FLXK.DE'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
VGEK.DE vs. FLXK.DE - Dividend Comparison
Neither VGEK.DE nor FLXK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, VGEK.DE and FLXK.DE 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.
On fees, FLXK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for VGEK.DE.
VGEK.DE tracks FTSE Developed Asia Pacific ex Japan, while FLXK.DE tracks FTSE Korea 30/18 Capped. They also come from different issuers: Vanguard and Franklin Templeton. Their fees differ too: 0.15% for VGEK.DE and 0.09% for FLXK.DE.
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