FLAX vs. BKEM
Compare and contrast key facts about Franklin FTSE Asia ex Japan ETF (FLAX) and BNY Mellon Emerging Markets Equity ETF (BKEM).
FLAX and BKEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLAX is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Asia ex Japan RIC Capped Index. It was launched on Feb 6, 2018. BKEM is a passively managed fund by BNY Mellon that tracks the performance of the Morningstar Emerging Markets Large Cap Index. It was launched on Apr 24, 2020. Both FLAX and BKEM 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
FLAX vs. BKEM - Performance Comparison
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FLAX vs. BKEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 3.14% | 33.72% | 9.82% | 6.27% | -18.88% | -3.54% | 46.19% |
BKEM BNY Mellon Emerging Markets Equity ETF | 5.83% | 30.55% | 7.53% | 8.68% | -19.43% | -3.91% | 47.53% |
Returns By Period
In the year-to-date period, FLAX achieves a 3.14% return, which is significantly lower than BKEM's 5.83% return.
FLAX
- 1D
- 3.31%
- 1M
- -9.20%
- YTD
- 3.14%
- 6M
- 7.81%
- 1Y
- 33.81%
- 3Y*
- 15.61%
- 5Y*
- 3.61%
- 10Y*
- —
BKEM
- 1D
- 3.62%
- 1M
- -8.93%
- YTD
- 5.83%
- 6M
- 9.17%
- 1Y
- 33.56%
- 3Y*
- 15.90%
- 5Y*
- 3.63%
- 10Y*
- —
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FLAX vs. BKEM - Expense Ratio Comparison
FLAX has a 0.19% expense ratio, which is higher than BKEM's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FLAX vs. BKEM — Risk / Return Rank
FLAX
BKEM
FLAX vs. BKEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex Japan ETF (FLAX) and BNY Mellon Emerging Markets Equity ETF (BKEM). 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.
| FLAX | BKEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.68 | +0.05 |
Sortino ratioReturn per unit of downside risk | 2.39 | 2.26 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.53 | +0.04 |
Martin ratioReturn relative to average drawdown | 10.05 | 9.54 | +0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLAX | BKEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.68 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.20 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.58 | -0.27 |
Correlation
The correlation between FLAX and BKEM is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLAX vs. BKEM - Dividend Comparison
FLAX's dividend yield for the trailing twelve months is around 2.30%, more than BKEM's 2.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 2.30% | 2.37% | 3.12% | 2.20% | 2.86% | 2.38% | 1.57% | 2.23% | 2.35% |
BKEM BNY Mellon Emerging Markets Equity ETF | 2.13% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% | 0.00% | 0.00% |
Drawdowns
FLAX vs. BKEM - Drawdown Comparison
The maximum FLAX drawdown since its inception was -42.51%, which is greater than BKEM's maximum drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for FLAX and BKEM.
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Drawdown Indicators
| FLAX | BKEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.51% | -39.48% | -3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -13.11% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -39.07% | -36.65% | -2.42% |
Current DrawdownCurrent decline from peak | -10.12% | -9.96% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -15.70% | -16.41% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.48% | -0.16% |
Volatility
FLAX vs. BKEM - Volatility Comparison
The current volatility for Franklin FTSE Asia ex Japan ETF (FLAX) is 9.89%, while BNY Mellon Emerging Markets Equity ETF (BKEM) has a volatility of 10.47%. This indicates that FLAX experiences smaller price fluctuations and is considered to be less risky than BKEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLAX | BKEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 10.47% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 14.67% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.67% | 20.07% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 18.32% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 18.88% | +0.87% |