EHDL.DE vs. FLXE.DE
EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both Emerging Markets Equities funds - EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility Index while FLXE.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, EHDL.DE returned 7.13%/yr vs 7.62%/yr for FLXE.DE. A 0.75 correlation means they provide meaningful diversification when combined. EHDL.DE charges 0.49%/yr vs 0.45%/yr for FLXE.DE.
Performance
EHDL.DE vs. FLXE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHDL.DE achieves a 12.16% return, which is significantly lower than FLXE.DE's 14.12% return.
EHDL.DE
- 1D
- 0.63%
- 1M
- 2.53%
- 6M
- 7.80%
- YTD
- 12.16%
- 1Y
- 22.69%
- 3Y*
- 13.73%
- 5Y*
- 7.13%
- 10Y*
- 6.03%
FLXE.DE
- 1D
- -0.79%
- 1M
- -2.74%
- 6M
- 9.29%
- YTD
- 14.12%
- 1Y
- 23.24%
- 3Y*
- 16.08%
- 5Y*
- 7.62%
- 10Y*
- —
EHDL.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 12.16% | 12.82% | 8.32% | 6.17% | -10.93% | 22.11% | -15.54% | 19.11% | -2.44% | -2.12% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 14.12% | 13.48% | 13.20% | 8.79% | -14.00% | 16.06% | -8.15% | 15.56% | -7.69% | -13.90% |
Correlation
The correlation between EHDL.DE and FLXE.DE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.75 |
The correlation between EHDL.DE and FLXE.DE shifts across timeframes, from 0.64 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EHDL.DE vs. FLXE.DE — Risk / Return Rank
EHDL.DE
FLXE.DE
EHDL.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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.
| EHDL.DE | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 2.76 | +1.53 |
| Martin ratioReturn relative to average drawdown | 11.28 | 8.72 | +2.56 |
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Drawdowns
EHDL.DE vs. FLXE.DE - Drawdown Comparison
The maximum EHDL.DE drawdown since its inception was -36.13%, roughly equal to the maximum FLXE.DE drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for EHDL.DE and FLXE.DE.
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Drawdown Indicators
| EHDL.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -37.02% | +0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -8.38% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -14.15% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -18.56% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -36.13% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -3.48% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -10.84% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.66% | -0.65% |
Volatility
EHDL.DE vs. FLXE.DE - Volatility Comparison
The current volatility for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) is 3.05%, while Franklin Emerging Markets UCITS ETF (FLXE.DE) has a volatility of 4.10%. This indicates that EHDL.DE experiences smaller price fluctuations and is considered to be less risky 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
| EHDL.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.10% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 11.58% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.36% | 13.97% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 13.86% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 16.90% | +1.09% |
EHDL.DE vs. FLXE.DE - Expense Ratio Comparison
EHDL.DE has a 0.49% expense ratio, which is higher than FLXE.DE's 0.45% expense ratio.
Dividends
EHDL.DE vs. FLXE.DE - Dividend Comparison
EHDL.DE's dividend yield for the trailing twelve months is around 4.74%, while FLXE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.74% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EHDL.DE and FLXE.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXE.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXE.DE is cheaper with a 0.45% expense ratio, compared with 0.49% for EHDL.DE.
EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index, while FLXE.DE tracks MSCI EM NR USD. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.49% for EHDL.DE and 0.45% for FLXE.DE.
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