XDEX.L vs. FLQA.L
XDEX.L (Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C) and FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc)) are both exchange-traded funds - XDEX.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while FLQA.L is a Asia Pacific Equities fund tracking the Linked FTSE Asia ex Japan ex China Index - Net Return. Both are passively managed. Over the past 5 years, XDEX.L returned 10.48%/yr vs 12.74%/yr for FLQA.L. A 0.78 correlation means they provide meaningful diversification when combined. XDEX.L charges 0.18%/yr vs 0.14%/yr for FLQA.L.
Performance
XDEX.L vs. FLQA.L - Performance Comparison
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Different Trading Currencies
XDEX.L is traded in GBp, while FLQA.L is traded in USD. To make them comparable, the FLQA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDEX.L achieves a 25.56% return, which is significantly lower than FLQA.L's 30.36% return.
XDEX.L
- 1D
- -1.41%
- 1M
- -12.07%
- 6M
- 17.79%
- YTD
- 25.56%
- 1Y
- 46.34%
- 3Y*
- 19.39%
- 5Y*
- 10.48%
- 10Y*
- 11.80%
FLQA.L
- 1D
- -1.70%
- 1M
- -12.65%
- 6M
- 21.93%
- YTD
- 30.36%
- 1Y
- 47.65%
- 3Y*
- 23.13%
- 5Y*
- 12.74%
- 10Y*
- —
XDEX.L vs. FLQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XDEX.L Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C | 25.56% | 28.16% | 2.86% | 2.89% | -10.24% | 20.08% | 12.90% | 21.94% | -10.39% |
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) | 30.36% | 20.59% | 9.64% | 6.42% | -2.58% | 5.56% | 3.57% | 5.57% | -3.45% |
Correlation
The correlation between XDEX.L and FLQA.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 | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2018 | 0.78 |
The correlation between XDEX.L and FLQA.L shifts across timeframes, from 0.78 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDEX.L vs. FLQA.L — Risk / Return Rank
XDEX.L
FLQA.L
XDEX.L vs. FLQA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) and Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.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.
| XDEX.L | FLQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.07 | -0.08 |
| Martin ratioReturn relative to average drawdown | 10.69 | 10.98 | -0.28 |
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Drawdowns
XDEX.L vs. FLQA.L - Drawdown Comparison
The maximum XDEX.L drawdown since its inception was -24.54%, which is greater than FLQA.L's maximum drawdown of -20.97%. Use the drawdown chart below to compare losses from any high point for XDEX.L and FLQA.L.
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Drawdown Indicators
| XDEX.L | FLQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -20.97% | -3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -15.43% | -15.46% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -19.58% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -19.58% | +0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -24.54% | — | — |
Current DrawdownCurrent decline from peak | -15.43% | -15.46% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -4.06% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 4.33% | -0.01% |
Volatility
XDEX.L vs. FLQA.L - Volatility Comparison
Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) and Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.L) have volatilities of 10.45% and 10.51%, 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.
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Volatility by Period
| XDEX.L | FLQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 10.51% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 20.53% | 21.94% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 24.07% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 16.61% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 17.88% | -1.84% |
XDEX.L vs. FLQA.L - Expense Ratio Comparison
XDEX.L has a 0.18% expense ratio, which is higher than FLQA.L's 0.14% 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
XDEX.L vs. FLQA.L - Dividend Comparison
Neither XDEX.L nor FLQA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XDEX.L and FLQA.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, FLQA.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLQA.L is cheaper with a 0.14% expense ratio, compared with 0.18% for XDEX.L.
XDEX.L is categorized as Emerging Markets Equities, while FLQA.L is Asia Pacific Equities. XDEX.L tracks MSCI EM NR USD, while FLQA.L tracks Linked FTSE Asia ex Japan ex China Index - Net Return. They also come from different issuers: Xtrackers and Franklin. Their fees differ too: 0.18% for XDEX.L and 0.14% for FLQA.L.
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