FLKR vs. EMDM
FLKR (Franklin FTSE South Korea ETF) and EMDM (First Trust Bloomberg Emerging Market Democracies ETF) are both exchange-traded funds - FLKR is a Asia Pacific Equities fund tracking the FTSE South Korea RIC Capped Index, while EMDM is a Emerging Markets Diversified fund tracking the Bloomberg Emerging Market Democracies Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, FLKR returned 45.52%/yr vs 30.34%/yr for EMDM. A 0.78 correlation means they provide meaningful diversification when combined. FLKR charges 0.09%/yr vs 0.75%/yr for EMDM.
Performance
FLKR vs. EMDM - Performance Comparison
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Returns By Period
In the year-to-date period, FLKR achieves a 98.10% return, which is significantly higher than EMDM's 36.28% return.
FLKR
- 1D
- -0.69%
- 1M
- 9.35%
- YTD
- 98.10%
- 6M
- 113.45%
- 1Y
- 191.57%
- 3Y*
- 45.52%
- 5Y*
- 17.78%
- 10Y*
- —
EMDM
- 1D
- 0.70%
- 1M
- 6.11%
- YTD
- 36.28%
- 6M
- 42.03%
- 1Y
- 83.08%
- 3Y*
- 30.34%
- 5Y*
- —
- 10Y*
- —
FLKR vs. EMDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLKR Franklin FTSE South Korea ETF | 98.10% | 91.91% | -18.84% | 13.18% |
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 36.28% | 59.68% | -4.93% | 14.75% |
Correlation
The correlation between FLKR and EMDM is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.78 |
The correlation between FLKR and EMDM has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
FLKR vs. EMDM — Risk / Return Rank
FLKR
EMDM
FLKR vs. EMDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM). 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.
| FLKR | EMDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.55 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 8.11 | 5.18 | +2.94 |
| Martin ratioReturn relative to average drawdown | 28.21 | 20.59 | +7.61 |
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Drawdowns
FLKR vs. EMDM - Drawdown Comparison
The maximum FLKR drawdown since its inception was -50.06%, which is greater than EMDM's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for FLKR and EMDM.
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Drawdown Indicators
| FLKR | EMDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.06% | -18.81% | -31.25% |
Max Drawdown (1Y)Largest decline over 1 year | -23.03% | -15.65% | -7.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -18.81% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -49.51% | — | — |
Current DrawdownCurrent decline from peak | -9.25% | -3.27% | -5.98% |
Average DrawdownAverage peak-to-trough decline | -22.03% | -4.08% | -17.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 3.93% | +2.68% |
Volatility
FLKR vs. EMDM - Volatility Comparison
Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 25.85% compared to First Trust Bloomberg Emerging Market Democracies ETF (EMDM) at 12.16%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than EMDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLKR | EMDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.85% | 12.16% | +13.69% |
Volatility (6M)Calculated over the trailing 6-month period | 42.11% | 22.86% | +19.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.82% | 25.23% | +20.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.58% | 20.36% | +9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 20.36% | +8.01% |
FLKR vs. EMDM - Expense Ratio Comparison
FLKR has a 0.09% expense ratio, which is lower than EMDM's 0.75% expense ratio.
Dividends
FLKR vs. EMDM - Dividend Comparison
FLKR's dividend yield for the trailing twelve months is around 1.95%, less than EMDM's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.62% | 3.57% | 5.87% | 2.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLKR Franklin FTSE South Korea ETF | 1.95% | 3.87% | 7.08% | 2.28% | 3.13% | 2.12% | 0.99% | 2.09% | 1.86% | 1.02% |
Frequently Asked Questions
FLKR and EMDM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLKR has higher volatility (25.85%) compared to EMDM (12.16%). In terms of maximum drawdown, FLKR dropped -50.06% vs EMDM's -18.81%.
On 3-year performance, FLKR leads with 45.52% vs 30.34% for EMDM. On fees, FLKR is cheaper at 0.09% per year. On volatility, EMDM has been the lower-risk option at 12.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLKR has performed better with a 45.52% return vs 30.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLKR is cheaper with a 0.09% expense ratio, compared with 0.75% for EMDM.
EMDM has the higher dividend yield at 2.62%, compared with 1.95% for FLKR.
FLKR is categorized as Asia Pacific Equities, while EMDM is Emerging Markets Diversified. FLKR tracks FTSE South Korea RIC Capped Index, while EMDM tracks Bloomberg Emerging Market Democracies Index - Benchmark TR Net. They also come from different issuers: Franklin Templeton and First Trust. Their fees differ too: 0.09% for FLKR and 0.75% for EMDM.
FLKR currently has the higher Sharpe Ratio (4.08 vs 3.21), 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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