AYEM.DE vs. FLXE.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while FLXE.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, AYEM.DE returned 8.30%/yr vs 7.69%/yr for FLXE.DE. Their correlation of 0.86 suggests significant overlap in exposure. AYEM.DE charges 0.18%/yr vs 0.45%/yr for FLXE.DE.
Performance
AYEM.DE vs. FLXE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AYEM.DE achieves a 26.90% return, which is significantly higher than FLXE.DE's 16.10% return.
AYEM.DE
- 1D
- -1.29%
- 1M
- 4.35%
- YTD
- 26.90%
- 6M
- 27.17%
- 1Y
- 46.15%
- 3Y*
- 20.23%
- 5Y*
- 8.30%
- 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*
- —
AYEM.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 26.90% | 17.51% | 14.02% | 6.81% | -14.64% | 6.10% | 7.92% | 21.67% | 1.83% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 16.09% | -8.15% | 15.51% | 1.21% |
Correlation
The correlation between AYEM.DE and FLXE.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.86 |
The correlation between AYEM.DE and FLXE.DE has been stable across timeframes, ranging from 0.81 to 0.86 - 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
AYEM.DE vs. FLXE.DE — Risk / Return Rank
AYEM.DE
FLXE.DE
AYEM.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.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.
| AYEM.DE | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.42 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 3.58 | +0.72 |
| Martin ratioReturn relative to average drawdown | 15.83 | 12.18 | +3.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AYEM.DE | FLXE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.30 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.56 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.36 | +0.22 |
Drawdowns
AYEM.DE vs. FLXE.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, smaller than the maximum FLXE.DE drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and FLXE.DE.
Loading charts...
Drawdown Indicators
| AYEM.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -32.87% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -8.39% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -14.16% | -4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -18.56% | -4.82% |
Current DrawdownCurrent decline from peak | -2.20% | -1.81% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -7.16% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.47% | +0.53% |
Volatility
AYEM.DE vs. FLXE.DE - Volatility Comparison
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a higher volatility of 7.02% compared to Franklin Emerging Markets UCITS ETF (FLXE.DE) at 5.11%. This indicates that AYEM.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.
Loading charts...
Volatility by Period
| AYEM.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 5.11% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 10.96% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 13.04% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 13.69% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 16.06% | +2.56% |
AYEM.DE vs. FLXE.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than FLXE.DE's 0.45% expense ratio.
Dividends
AYEM.DE vs. FLXE.DE - Dividend Comparison
Neither AYEM.DE nor FLXE.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEM.DE and FLXE.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEM.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for FLXE.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, 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 AYEM.DE and 0.45% for FLXE.DE.
Find the right allocation for AYEM.DE and FLXE.DE
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