XCS5.DE vs. FRIN.L

Last updated Jun 5, 2026

XCS5.DE (Xtrackers MSCI India Swap UCITS ETF 1C) and FRIN.L (Franklin FTSE India UCITS ETF) are both Asia Pacific Equities funds - XCS5.DE tracks the MSCI India while FRIN.L tracks the MSCI India NR USD. Both are passively managed. Over the past 5 years, XCS5.DE returned 3.97%/yr vs 5.33%/yr for FRIN.L. Their correlation of 0.90 suggests significant overlap in exposure. XCS5.DE charges 0.75%/yr vs 0.19%/yr for FRIN.L.

Performance

XCS5.DE vs. FRIN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI India Swap UCITS ETF 1C (XCS5.DE) and Franklin FTSE India UCITS ETF (FRIN.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XCS5.DE is traded in EUR, while FRIN.L is traded in GBP. To make them comparable, the FRIN.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCS5.DE achieves a -11.32% return, which is significantly lower than FRIN.L's -9.73% return.

XCS5.DE

• 1D: 1.17%
• 1M: -1.71%
• YTD: -11.32%
• 6M: -12.06%
• 1Y: -14.48%
• 3Y*: 2.32%
• 5Y*: 3.97%
• 10Y*: 6.41%

FRIN.L

• 1D: 1.35%
• 1M: -0.95%
• YTD: -9.73%
• 6M: -9.70%
• 1Y: -11.38%
• 3Y*: 3.80%
• 5Y*: 5.33%
• 10Y*: —

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

XCS5.DE vs. FRIN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XCS5.DE Xtrackers MSCI India Swap UCITS ETF 1C	-11.32%	-10.02%	16.45%	14.97%	-2.23%	34.65%	2.15%	1.46%
FRIN.L Franklin FTSE India UCITS ETF	-9.73%	-9.08%	18.01%	17.20%	-2.15%	34.78%	3.26%	1.14%

Correlation

The correlation between XCS5.DE and FRIN.L is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.90

The correlation between XCS5.DE and FRIN.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

XCS5.DE vs. FRIN.L — Risk / Return Rank

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

XCS5.DE

XCS5.DE Risk / Return Rank: 2
XCS5.DE Sharpe Ratio Rank: 2
XCS5.DE Sortino Ratio Rank: 2
XCS5.DE Omega Ratio Rank: 3
XCS5.DE Calmar Ratio Rank: 3
XCS5.DE Martin Ratio Rank: 1

FRIN.L

FRIN.L Risk / Return Rank: 4
FRIN.L Sharpe Ratio Rank: 4
FRIN.L Sortino Ratio Rank: 4
FRIN.L Omega Ratio Rank: 4
FRIN.L Calmar Ratio Rank: 5
FRIN.L Martin Ratio Rank: 4

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.

XCS5.DE vs. FRIN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI India Swap UCITS ETF 1C (XCS5.DE) and Franklin FTSE India UCITS ETF (FRIN.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.

	XCS5.DE	FRIN.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.88	-0.80	-0.08
Sortino ratio: Return per unit of downside risk	-1.21	-1.10	-0.12
Omega ratio: Gain probability vs. loss probability	0.87	0.88	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.64	-0.08
Martin ratio: Return relative to average drawdown	-1.49	-1.43	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCS5.DE vs. FRIN.L - Sharpe Ratio Comparison

The current XCS5.DE Sharpe Ratio is -0.88, which is comparable to the FRIN.L Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of XCS5.DE and FRIN.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.

Sharpe Ratios by Period

	XCS5.DE	FRIN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	-0.80	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.34	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.33	-0.08

Drawdowns

XCS5.DE vs. FRIN.L - Drawdown Comparison

The maximum XCS5.DE drawdown since its inception was -41.37%, roughly equal to the maximum FRIN.L drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for XCS5.DE and FRIN.L.

Drawdown Indicators

	XCS5.DE	FRIN.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.37%	-40.14%	-1.23%
Max Drawdown (1Y) Largest decline over 1 year	-20.16%	-17.70%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-25.17%	-3.62%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-25.17%	-3.62%
Max Drawdown (10Y) Largest decline over 10 years	-41.37%	—	—
Current Drawdown Current decline from peak	-25.66%	-21.23%	-4.43%
Average Drawdown Average peak-to-trough decline	-10.00%	-7.71%	-2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.73%	7.94%	+1.79%

Volatility

XCS5.DE vs. FRIN.L - Volatility Comparison

Xtrackers MSCI India Swap UCITS ETF 1C (XCS5.DE) and Franklin FTSE India UCITS ETF (FRIN.L) have volatilities of 5.61% and 5.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCS5.DE	FRIN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	5.52%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	13.67%	11.68%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	16.45%	14.15%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	15.85%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	20.07%	+0.32%

XCS5.DE vs. FRIN.L - Expense Ratio Comparison

XCS5.DE has a 0.75% expense ratio, which is higher than FRIN.L's 0.19% expense ratio.

Dividends

XCS5.DE vs. FRIN.L - Dividend Comparison

Neither XCS5.DE nor FRIN.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XCS5.DE and FRIN.L in my portfolio?

With a correlation of 0.92, XCS5.DE and FRIN.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, XCS5.DE or FRIN.L?

On fees, FRIN.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCS5.DE or FRIN.L?

FRIN.L is cheaper with a 0.19% expense ratio, compared with 0.75% for XCS5.DE.

What is the main difference between XCS5.DE and FRIN.L?

XCS5.DE tracks MSCI India, while FRIN.L tracks MSCI India NR USD. They also come from different issuers: Xtrackers and Franklin Templeton. Their fees differ too: 0.75% for XCS5.DE and 0.19% for FRIN.L.