84X0.DE vs. FLXE.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both Emerging Markets Equities funds - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while FLXE.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past year, 84X0.DE returned 67.73% vs 29.88% for FLXE.DE. A 0.77 correlation means they provide meaningful diversification when combined. 84X0.DE charges 0.18%/yr vs 0.45%/yr for FLXE.DE.
Performance
84X0.DE vs. FLXE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 84X0.DE achieves a 40.37% return, which is significantly higher than FLXE.DE's 16.10% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 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*
- —
84X0.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 3.84% |
Correlation
The correlation between 84X0.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 (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.77 |
The correlation between 84X0.DE and FLXE.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. FLXE.DE — Risk / Return Rank
84X0.DE
FLXE.DE
84X0.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.
| 84X0.DE | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.42 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 3.58 | +2.30 |
| Martin ratioReturn relative to average drawdown | 21.92 | 12.18 | +9.74 |
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
| 84X0.DE | FLXE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 2.30 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.36 | +1.40 |
Drawdowns
84X0.DE vs. FLXE.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum FLXE.DE drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and FLXE.DE.
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Drawdown Indicators
| 84X0.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -32.87% | +13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -8.39% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.56% | — |
Current DrawdownCurrent decline from peak | -2.49% | -1.81% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -7.16% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.47% | +0.66% |
Volatility
84X0.DE vs. FLXE.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to Franklin Emerging Markets UCITS ETF (FLXE.DE) at 5.11%. This indicates that 84X0.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
| 84X0.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 5.11% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 10.96% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 13.04% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 13.69% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 16.06% | +1.05% |
84X0.DE vs. FLXE.DE - Expense Ratio Comparison
84X0.DE has a 0.18% expense ratio, which is lower than FLXE.DE's 0.45% expense ratio.
Dividends
84X0.DE vs. FLXE.DE - Dividend Comparison
Neither 84X0.DE nor FLXE.DE has paid dividends to shareholders.
Frequently Asked Questions
84X0.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, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for FLXE.DE.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while FLXE.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.18% for 84X0.DE and 0.45% for FLXE.DE.
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