WNRG.L vs. FLXK.L
WNRG.L (State Street SPDR MSCI World Energy UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - WNRG.L tracks the State Street SPDR MSCI World Energy UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, WNRG.L returned 20.08%/yr vs 15.67%/yr for FLXK.L. At a 0.31 correlation, their price movements are largely independent. WNRG.L charges 0.30%/yr vs 0.09%/yr for FLXK.L.
Performance
WNRG.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, WNRG.L achieves a 25.26% return, which is significantly lower than FLXK.L's 75.46% return.
WNRG.L
- 1D
- 0.34%
- 1M
- 1.22%
- 6M
- 19.05%
- YTD
- 25.26%
- 1Y
- 33.56%
- 3Y*
- 16.08%
- 5Y*
- 20.08%
- 10Y*
- 8.57%
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
WNRG.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WNRG.L State Street SPDR MSCI World Energy UCITS ETF | 25.26% | 14.83% | 2.07% | 3.52% | 46.61% | 38.74% | -30.35% | 4.41% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between WNRG.L and FLXK.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.31 |
The correlation between WNRG.L and FLXK.L shifts across timeframes, from -0.07 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WNRG.L vs. FLXK.L — Risk / Return Rank
WNRG.L
FLXK.L
WNRG.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Energy UCITS ETF (WNRG.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.
| WNRG.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 5.86 | -3.72 |
| Martin ratioReturn relative to average drawdown | 6.18 | 18.40 | -12.22 |
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Drawdowns
WNRG.L vs. FLXK.L - Drawdown Comparison
The maximum WNRG.L drawdown since its inception was -68.72%, which is greater than FLXK.L's maximum drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for WNRG.L and FLXK.L.
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Drawdown Indicators
| WNRG.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.72% | -49.43% | -19.29% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -24.10% | +8.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -28.54% | +9.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -47.00% | +20.45% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | — | — |
Current DrawdownCurrent decline from peak | -9.97% | -24.10% | +14.13% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -20.23% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 7.70% | -2.15% |
Volatility
WNRG.L vs. FLXK.L - Volatility Comparison
The current volatility for State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) is 6.79%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that WNRG.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
| WNRG.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 19.75% | -12.96% |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | 41.53% | -23.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.58% | 45.08% | -24.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 29.63% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.35% | 29.61% | +3.74% |
WNRG.L vs. FLXK.L - Expense Ratio Comparison
WNRG.L has a 0.30% expense ratio, which is higher than FLXK.L's 0.09% expense ratio.
Dividends
WNRG.L vs. FLXK.L - Dividend Comparison
Neither WNRG.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
WNRG.L and FLXK.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.30% for WNRG.L.
WNRG.L tracks State Street SPDR MSCI World Energy UCITS ETF, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: State Street and Franklin. Their fees differ too: 0.30% for WNRG.L and 0.09% for FLXK.L.
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