XCX5.L vs. FLXI.L
XCX5.L (Xtrackers MSCI India Swap UCITS ETF 1C) and FLXI.L (Franklin FTSE India UCITS ETF USD (Acc)) are both India Equities funds - XCX5.L tracks the MSCI India NR USD while FLXI.L tracks the FTSE India 30/18 Capped Index - Net Return. Both are passively managed. Over the past 5 years, XCX5.L returned 4.57%/yr vs 5.55%/yr for FLXI.L. Their correlation of 0.91 suggests significant overlap in exposure. XCX5.L charges 0.75%/yr vs 0.19%/yr for FLXI.L.
Performance
XCX5.L vs. FLXI.L - Performance Comparison
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Different Trading Currencies
XCX5.L is traded in GBp, while FLXI.L is traded in USD. To make them comparable, the FLXI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCX5.L achieves a -10.21% return, which is significantly lower than FLXI.L's -8.46% return.
XCX5.L
- 1D
- 0.54%
- 1M
- -1.41%
- 6M
- -8.11%
- YTD
- -10.21%
- 1Y
- -12.29%
- 3Y*
- 2.85%
- 5Y*
- 4.57%
- 10Y*
- 6.39%
FLXI.L
- 1D
- 0.41%
- 1M
- -2.13%
- 6M
- -6.99%
- YTD
- -8.46%
- 1Y
- -9.90%
- 3Y*
- 4.24%
- 5Y*
- 5.55%
- 10Y*
- —
XCX5.L vs. FLXI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCX5.L Xtrackers MSCI India Swap UCITS ETF 1C | -10.21% | -5.16% | 11.92% | 12.56% | 2.33% | 26.19% | 9.49% | -3.05% |
FLXI.L Franklin FTSE India UCITS ETF USD (Acc) | -8.46% | -4.41% | 12.69% | 15.93% | 2.62% | 26.08% | 9.74% | -4.38% |
Correlation
The correlation between XCX5.L and FLXI.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 | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.91 |
The correlation between XCX5.L and FLXI.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
XCX5.L vs. FLXI.L — Risk / Return Rank
XCX5.L
FLXI.L
XCX5.L vs. FLXI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) and Franklin FTSE India UCITS ETF USD (Acc) (FLXI.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.
| XCX5.L | FLXI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.91 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.55 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.11 | -0.14 |
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Drawdowns
XCX5.L vs. FLXI.L - Drawdown Comparison
The maximum XCX5.L drawdown since its inception was -41.66%, which is greater than FLXI.L's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for XCX5.L and FLXI.L.
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Drawdown Indicators
| XCX5.L | FLXI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.66% | -38.48% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -19.88% | -18.09% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -22.31% | -4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.47% | -22.31% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -37.35% | — | — |
Current DrawdownCurrent decline from peak | -20.86% | -17.00% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -12.20% | -7.36% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.87% | 8.94% | +0.93% |
Volatility
XCX5.L vs. FLXI.L - Volatility Comparison
Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) has a higher volatility of 4.49% compared to Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) at 4.24%. This indicates that XCX5.L's price experiences larger fluctuations and is considered to be riskier than FLXI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCX5.L | FLXI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.24% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 13.78% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.29% | 16.06% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.22% | 16.25% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 20.50% | +1.61% |
XCX5.L vs. FLXI.L - Expense Ratio Comparison
XCX5.L has a 0.75% expense ratio, which is higher than FLXI.L's 0.19% expense ratio.
Dividends
XCX5.L vs. FLXI.L - Dividend Comparison
Neither XCX5.L nor FLXI.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XCX5.L and FLXI.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.
On fees, FLXI.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI.L is cheaper with a 0.19% expense ratio, compared with 0.75% for XCX5.L.
XCX5.L tracks MSCI India NR USD, while FLXI.L tracks FTSE India 30/18 Capped Index - Net Return. They also come from different issuers: Xtrackers and Franklin. Their fees differ too: 0.75% for XCX5.L and 0.19% for FLXI.L.
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