XNIF.L vs. FLXI.L
XNIF.L (Xtrackers Nifty 50 Swap UCITS ETF 1C) and FLXI.L (Franklin FTSE India UCITS ETF USD (Acc)) are both India Equities funds - XNIF.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, XNIF.L returned 3.66%/yr vs 5.55%/yr for FLXI.L. Their correlation of 0.88 suggests significant overlap in exposure. XNIF.L charges 0.85%/yr vs 0.19%/yr for FLXI.L.
Performance
XNIF.L vs. FLXI.L - Performance Comparison
Loading charts...
Different Trading Currencies
XNIF.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, XNIF.L achieves a -13.58% return, which is significantly lower than FLXI.L's -8.46% return.
XNIF.L
- 1D
- 1.22%
- 1M
- -1.22%
- 6M
- -11.12%
- YTD
- -13.58%
- 1Y
- -14.30%
- 3Y*
- 0.19%
- 5Y*
- 3.66%
- 10Y*
- 6.17%
FLXI.L
- 1D
- 0.41%
- 1M
- -2.13%
- 6M
- -6.99%
- YTD
- -8.46%
- 1Y
- -9.90%
- 3Y*
- 4.24%
- 5Y*
- 5.55%
- 10Y*
- —
XNIF.L vs. FLXI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XNIF.L Xtrackers Nifty 50 Swap UCITS ETF 1C | -13.58% | -1.71% | 6.70% | 11.98% | 5.08% | 23.10% | 7.50% | -3.33% |
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 XNIF.L and FLXI.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.88 |
The correlation between XNIF.L and FLXI.L has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XNIF.L vs. FLXI.L — Risk / Return Rank
XNIF.L
FLXI.L
XNIF.L vs. FLXI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.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.
| XNIF.L | FLXI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.91 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.55 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.11 | -0.13 |
Loading charts...
Drawdowns
XNIF.L vs. FLXI.L - Drawdown Comparison
The maximum XNIF.L drawdown since its inception was -78.21%, 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 XNIF.L and FLXI.L.
Loading charts...
Drawdown Indicators
| XNIF.L | FLXI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.21% | -38.48% | -39.73% |
Max Drawdown (1Y)Largest decline over 1 year | -21.09% | -18.09% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -25.36% | -22.31% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -22.31% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | — | — |
Current DrawdownCurrent decline from peak | -21.79% | -17.00% | -4.79% |
Average DrawdownAverage peak-to-trough decline | -33.76% | -7.36% | -26.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 8.94% | +2.58% |
Volatility
XNIF.L vs. FLXI.L - Volatility Comparison
Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) and Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) have volatilities of 4.36% and 4.24%, 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.
Loading charts...
Volatility by Period
| XNIF.L | FLXI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.24% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 13.78% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 16.06% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 16.25% | +4.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 20.50% | +1.31% |
XNIF.L vs. FLXI.L - Expense Ratio Comparison
XNIF.L has a 0.85% expense ratio, which is higher than FLXI.L's 0.19% expense ratio.
Dividends
XNIF.L vs. FLXI.L - Dividend Comparison
Neither XNIF.L nor FLXI.L has paid dividends to shareholders.
Frequently Asked Questions
XNIF.L and FLXI.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.85% for XNIF.L.
XNIF.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: 0.85% for XNIF.L and 0.19% for FLXI.L.
Find the right allocation for XNIF.L and FLXI.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer