FCEEX vs. UMEMX
FCEEX (Franklin Emerging Market Core Equity (IU) Fund Advisor) and UMEMX (Columbia Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, FCEEX returned 9.45%/yr vs 2.35%/yr for UMEMX. Their correlation of 0.94 means they have usually moved in the same direction. FCEEX charges 0.17%/yr vs 1.20%/yr for UMEMX.
Performance
FCEEX vs. UMEMX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FCEEX having a 17.90% return and UMEMX slightly higher at 18.56%.
FCEEX
- 1D
- 4.25%
- 1M
- -2.41%
- 6M
- 8.36%
- YTD
- 17.90%
- 1Y
- 35.94%
- 3Y*
- 20.78%
- 5Y*
- 9.45%
- 10Y*
- —
- ALL TIME*
- 10.33%
UMEMX
- 1D
- 4.62%
- 1M
- -7.46%
- 6M
- 8.22%
- YTD
- 18.56%
- 1Y
- 38.36%
- 3Y*
- 17.66%
- 5Y*
- 2.35%
- 10Y*
- 7.99%
- ALL TIME*
- 6.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCEEX vs. UMEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor | 17.90% | 34.81% | 10.51% | 12.52% | -16.96% | -1.29% | 10.19% | 9.77% |
UMEMX Columbia Emerging Markets Fund | 18.56% | 31.14% | 6.68% | 8.89% | -33.02% | -7.30% | 33.83% | 13.27% |
Correlation
The correlation between FCEEX and UMEMX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.94 |
The correlation between FCEEX and UMEMX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
FCEEX vs. UMEMX — Risk / Return Rank
FCEEX
UMEMX
FCEEX vs. UMEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) and Columbia Emerging Markets Fund (UMEMX). 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.
| FCEEX | UMEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.80 | +0.67 |
| Martin ratioReturn relative to average drawdown | 7.86 | 6.78 | +1.09 |
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Drawdowns
FCEEX vs. UMEMX - Drawdown Comparison
The maximum FCEEX drawdown since its inception was -34.68%, smaller than the maximum UMEMX drawdown of -67.58%. Use the drawdown chart below to compare losses from any high point for FCEEX and UMEMX.
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Drawdown Indicators
| FCEEX | UMEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.68% | -67.58% | +32.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.53% | -19.98% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -15.47% | -19.98% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -30.92% | -47.43% | +16.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.61% | — |
Current DrawdownCurrent decline from peak | -9.85% | -16.29% | +6.44% |
Average DrawdownAverage peak-to-trough decline | -11.13% | -21.38% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 5.31% | -1.06% |
Volatility
FCEEX vs. UMEMX - Volatility Comparison
The current volatility for Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) is 9.78%, while Columbia Emerging Markets Fund (UMEMX) has a volatility of 12.72%. This indicates that FCEEX experiences smaller price fluctuations and is considered to be less risky than UMEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCEEX | UMEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 12.72% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 20.57% | 26.14% | -5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.69% | 28.14% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.95% | 21.55% | -3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 20.92% | -1.93% |
FCEEX vs. UMEMX - Expense Ratio Comparison
FCEEX has a 0.17% expense ratio, which is lower than UMEMX's 1.20% expense ratio.
Dividends
FCEEX vs. UMEMX - Dividend Comparison
FCEEX's dividend yield for the trailing twelve months is around 3.61%, less than UMEMX's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor | 3.61% | 3.29% | 4.17% | 4.36% | 4.08% | 3.38% | 2.98% | 0.40% | 0.00% | 0.00% |
UMEMX Columbia Emerging Markets Fund | 4.17% | 4.94% | 1.29% | 0.00% | 0.00% | 1.56% | 1.15% | 0.33% | 0.12% | 0.33% |
Frequently Asked Questions
With a correlation of 0.96, FCEEX and UMEMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UMEMX has higher volatility (12.72%) compared to FCEEX (9.78%). In terms of maximum drawdown, FCEEX dropped -34.68% vs UMEMX's -67.58%.
FCEEX currently has the higher Sharpe Ratio (1.48 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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