AMEM.DE vs. FLXE.DE
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both Emerging Markets Equities funds - AMEM.DE tracks the MSCI Emerging Markets while FLXE.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, AMEM.DE returned 8.34%/yr vs 7.52%/yr for FLXE.DE. Their correlation of 0.88 suggests significant overlap in exposure. AMEM.DE charges 0.20%/yr vs 0.45%/yr for FLXE.DE.
Performance
AMEM.DE vs. FLXE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEM.DE achieves a 28.83% return, which is significantly higher than FLXE.DE's 14.86% return.
AMEM.DE
- 1D
- 0.76%
- 1M
- 2.33%
- YTD
- 28.83%
- 6M
- 30.74%
- 1Y
- 48.13%
- 3Y*
- 21.87%
- 5Y*
- 8.34%
- 10Y*
- 10.22%
FLXE.DE
- 1D
- 0.18%
- 1M
- -1.49%
- YTD
- 14.86%
- 6M
- 16.34%
- 1Y
- 27.25%
- 3Y*
- 16.21%
- 5Y*
- 7.52%
- 10Y*
- —
AMEM.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 28.83% | 19.22% | 13.69% | 5.35% | -13.83% | 3.96% | 6.43% | 21.24% | -11.00% | 0.97% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 14.86% | 13.48% | 13.20% | 8.79% | -14.00% | 16.06% | -8.15% | 15.56% | -7.69% | -13.90% |
Correlation
The correlation between AMEM.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.88 |
The correlation between AMEM.DE and FLXE.DE has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
AMEM.DE vs. FLXE.DE — Risk / Return Rank
AMEM.DE
FLXE.DE
AMEM.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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.
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.
| AMEM.DE | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 3.24 | +1.27 |
| Martin ratioReturn relative to average drawdown | 15.41 | 10.69 | +4.73 |
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Drawdowns
AMEM.DE vs. FLXE.DE - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.91%, roughly equal to the maximum FLXE.DE drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and FLXE.DE.
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Drawdown Indicators
| AMEM.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -37.02% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -8.38% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.20% | -14.15% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.54% | -18.56% | -4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -31.83% | — | — |
Current DrawdownCurrent decline from peak | -3.89% | -2.86% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -10.90% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.54% | +0.57% |
Volatility
AMEM.DE vs. FLXE.DE - Volatility Comparison
Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a higher volatility of 8.77% compared to Franklin Emerging Markets UCITS ETF (FLXE.DE) at 4.84%. This indicates that AMEM.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
| AMEM.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 4.84% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 11.53% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 13.71% | +5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 13.84% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 16.93% | +1.49% |
AMEM.DE vs. FLXE.DE - Expense Ratio Comparison
AMEM.DE has a 0.20% expense ratio, which is lower than FLXE.DE's 0.45% expense ratio.
Dividends
AMEM.DE vs. FLXE.DE - Dividend Comparison
Neither AMEM.DE nor FLXE.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEM.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, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for FLXE.DE.
AMEM.DE tracks MSCI Emerging Markets, while FLXE.DE tracks MSCI EM NR USD. They also come from different issuers: Amundi and Franklin Templeton. Their fees differ too: 0.20% for AMEM.DE and 0.45% for FLXE.DE.
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