36B5.DE vs. FLXE.DE
36B5.DE (iShares MSCI EM SRI UCITS ETF USD Dist) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both Emerging Markets Equities funds - 36B5.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels while FLXE.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, 36B5.DE returned 5.01%/yr vs 7.69%/yr for FLXE.DE. Their correlation of 0.83 suggests significant overlap in exposure. 36B5.DE charges 0.25%/yr vs 0.45%/yr for FLXE.DE.
Performance
36B5.DE vs. FLXE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B5.DE achieves a 17.40% return, which is significantly higher than FLXE.DE's 16.10% return.
36B5.DE
- 1D
- -1.48%
- 1M
- 0.60%
- YTD
- 17.40%
- 6M
- 18.30%
- 1Y
- 35.45%
- 3Y*
- 14.26%
- 5Y*
- 5.01%
- 10Y*
- —
FLXE.DE
- 1D
- -0.62%
- 1M
- 0.38%
- YTD
- 16.10%
- 6M
- 15.79%
- 1Y
- 29.88%
- 3Y*
- 15.92%
- 5Y*
- 7.69%
- 10Y*
- —
36B5.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 17.40% | 16.82% | 11.30% | -2.19% | -12.46% | 7.05% | 6.70% | 11.16% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 16.09% | -8.15% | 8.19% |
Correlation
The correlation between 36B5.DE and FLXE.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.83 |
The correlation between 36B5.DE and FLXE.DE has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
36B5.DE vs. FLXE.DE — Risk / Return Rank
36B5.DE
FLXE.DE
36B5.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) and Franklin Emerging Markets UCITS ETF (FLXE.DE). 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.
| 36B5.DE | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.58 | -0.01 |
| Martin ratioReturn relative to average drawdown | 12.71 | 12.18 | +0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36B5.DE | FLXE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.30 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.56 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.36 | 0.00 |
Drawdowns
36B5.DE vs. FLXE.DE - Drawdown Comparison
The maximum 36B5.DE drawdown since its inception was -36.40%, which is greater than FLXE.DE's maximum drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for 36B5.DE and FLXE.DE.
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Drawdown Indicators
| 36B5.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.40% | -32.87% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -8.39% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -14.16% | -6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -18.56% | -6.66% |
Current DrawdownCurrent decline from peak | -2.94% | -1.81% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -7.16% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.47% | +0.35% |
Volatility
36B5.DE vs. FLXE.DE - Volatility Comparison
iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) has a higher volatility of 5.97% compared to Franklin Emerging Markets UCITS ETF (FLXE.DE) at 5.11%. This indicates that 36B5.DE's price experiences larger fluctuations and is considered to be riskier than FLXE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B5.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 5.11% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 10.96% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 13.04% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 13.69% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 16.06% | +3.59% |
36B5.DE vs. FLXE.DE - Expense Ratio Comparison
36B5.DE has a 0.25% expense ratio, which is lower than FLXE.DE's 0.45% expense ratio.
Dividends
36B5.DE vs. FLXE.DE - Dividend Comparison
36B5.DE's dividend yield for the trailing twelve months is around 1.78%, while FLXE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 1.78% | 2.09% | 2.34% | 2.32% | 2.31% | 1.84% | 1.57% | 2.31% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36B5.DE and FLXE.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B5.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for FLXE.DE.
36B5.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels, while FLXE.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.25% for 36B5.DE and 0.45% for FLXE.DE.
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