ASEA vs. FM

Last updated Apr 1, 2026

Compare and contrast key facts about Global X FTSE Southeast Asia ETF (ASEA) and iShares MSCI Frontier 100 ETF (FM).

ASEA and FM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASEA is a passively managed fund by Global X that tracks the performance of the FTSE/ASEAN 40 Index. It was launched on Feb 17, 2011. FM is a passively managed fund by iShares that tracks the performance of the MSCI Frontier Markets 100 Index. It was launched on Sep 12, 2012. Both ASEA and FM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ASEA vs. FM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X FTSE Southeast Asia ETF (ASEA) and iShares MSCI Frontier 100 ETF (FM). The values are adjusted to include any dividend payments, if applicable.

ASEA vs. FM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASEA Global X FTSE Southeast Asia ETF	6.01%	19.80%	9.82%	4.88%	5.24%	4.66%	-7.88%	8.34%	-7.58%	35.06%
FM iShares MSCI Frontier 100 ETF	0.00%	0.18%	7.25%	7.12%	-24.43%	24.36%	-3.36%	19.86%	-17.95%	36.20%

Returns By Period

ASEA

• 1D: 2.16%
• 1M: -4.66%
• YTD: 6.01%
• 6M: 15.95%
• 1Y: 29.24%
• 3Y*: 13.03%
• 5Y*: 9.54%
• 10Y*: 6.92%

FM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASEA vs. FM - Expense Ratio Comparison

ASEA has a 0.65% expense ratio, which is lower than FM's 0.79% expense ratio.

FM

iShares MSCI Frontier 100 ETF

ASEA

Global X FTSE Southeast Asia ETF

Return for Risk

ASEA vs. FM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASEA

ASEA Risk / Return Rank: 86
ASEA Sharpe Ratio Rank: 85
ASEA Sortino Ratio Rank: 88
ASEA Omega Ratio Rank: 87
ASEA Calmar Ratio Rank: 82
ASEA Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASEA vs. FM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X FTSE Southeast Asia ETF (ASEA) and iShares MSCI Frontier 100 ETF (FM). 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.

	ASEA	FM	Difference
Sharpe ratio Return per unit of total volatility	1.67	—	—
Sortino ratio Return per unit of downside risk	2.40	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	2.31	—	—
Martin ratio Return relative to average drawdown	10.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ASEA	FM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	—	—

Correlation

The correlation between ASEA and FM is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ASEA vs. FM - Dividend Comparison

ASEA's dividend yield for the trailing twelve months is around 3.73%, while FM has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.73%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
FM iShares MSCI Frontier 100 ETF	0.00%	0.00%	3.95%	3.62%	2.70%	2.04%	2.91%	3.12%	4.29%	2.04%	2.15%	2.76%

Drawdowns

Drawdown Indicators

	ASEA	FM	Difference
Max Drawdown Largest peak-to-trough decline	-44.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.16%	—	—
Current Drawdown Current decline from peak	-5.91%	—	—
Average Drawdown Average peak-to-trough decline	-10.73%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	—	—

Volatility

Volatility by Period

	ASEA	FM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	—	—