FLKR vs. EMEQ

Last updated Aug 1, 2026

FLKR (Franklin FTSE South Korea ETF) and EMEQ (Nomura Focused Emerging Markets Equity ETF) are both exchange-traded funds - FLKR is a South Korea Equities fund tracking the FTSE South Korea RIC Capped Index, while EMEQ is a Emerging Markets Equities fund actively managed by Nomura. FLKR is passively managed, while EMEQ is actively managed. Over the past year, FLKR returned 117.49% vs 107.90% for EMEQ. Their correlation of 0.84 means they have usually moved in the same direction. FLKR charges 0.09%/yr vs 0.86%/yr for EMEQ.

Performance

FLKR vs. EMEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE South Korea ETF (FLKR) and Nomura Focused Emerging Markets Equity ETF (EMEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLKR achieves a 61.37% return, which is significantly higher than EMEQ's 53.76% return.

FLKR

• 1D: -2.28%
• 1M: -15.74%
• 6M: 29.07%
• YTD: 61.37%
• 1Y: 117.49%
• 3Y*: 35.68%
• 5Y*: 14.07%
• 10Y*: —
• ALL TIME*: 11.21%

EMEQ

• 1D: 1.33%
• 1M: -11.21%
• 6M: 30.45%
• YTD: 53.76%
• 1Y: 107.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 65.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMEQ Nomura Focused Emerging Markets Equity ETF	$8.75M	$9.16M	$11.52M
FLKR Franklin FTSE South Korea ETF	$43.49M	$47.84M	$51.57M

FLKR vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLKR Franklin FTSE South Korea ETF	61.37%	91.91%	-16.72%
EMEQ Nomura Focused Emerging Markets Equity ETF	53.76%	69.78%	-0.73%

Correlation

The correlation between FLKR and EMEQ is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.84

The correlation between FLKR and EMEQ has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

FLKR vs. EMEQ - Sectors Allocation Comparison

Sectors	FLKR	EMEQ
Technology	51.7%	58.0%
Industrials	16.2%	6.2%
Financial Services	12.5%	11.6%
Consumer Cyclical	7.4%	6.2%
Healthcare	3.4%	1.0%
Basic Materials	2.9%	1.6%
Communication Services	2.4%	5.5%
Consumer Defensive	2.3%	2.7%
Energy	0.7%	7.2%
Utilities	0.4%	0.9%
Real Estate	-	-

Return for Risk

FLKR vs. EMEQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLKR

FLKR Risk / Return Rank: 85
FLKR Sharpe Ratio Rank: 90
FLKR Sortino Ratio Rank: 80
FLKR Omega Ratio Rank: 84
FLKR Calmar Ratio Rank: 87
FLKR Martin Ratio Rank: 86

EMEQ

EMEQ Risk / Return Rank: 91
EMEQ Sharpe Ratio Rank: 95
EMEQ Sortino Ratio Rank: 88
EMEQ Omega Ratio Rank: 90
EMEQ Calmar Ratio Rank: 92
EMEQ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLKR vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) and Nomura Focused Emerging Markets Equity ETF (EMEQ). 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	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.69	-0.47
Sortino ratio: Return per unit of downside risk	2.56	2.99	-0.43
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.07
Calmar ratio: Return relative to maximum drawdown	3.46	4.13	-0.67
Martin ratio: Return relative to average drawdown	12.27	15.08	-2.81

FLKR vs. EMEQ - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 2.21, which is comparable to the EMEQ Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of FLKR and EMEQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLKR vs. EMEQ - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, which is greater than EMEQ's maximum drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for FLKR and EMEQ.

Drawdown Indicators

	FLKR	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-26.25%	-23.81%
Max Drawdown (1Y) Largest decline over 1 year	-34.17%	-26.25%	-7.92%
Max Drawdown (3Y) Largest decline over 3 years	-34.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-47.97%	—	—
Current Drawdown Current decline from peak	-28.42%	-20.86%	-7.56%
Average Drawdown Average peak-to-trough decline	-21.96%	-4.67%	-17.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.61%	7.18%	+2.43%

Volatility

FLKR vs. EMEQ - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 21.39% compared to Nomura Focused Emerging Markets Equity ETF (EMEQ) at 14.87%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than EMEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLKR	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.39%	14.87%	+6.52%
Volatility (6M) Calculated over the trailing 6-month period	50.33%	37.54%	+12.79%
Volatility (1Y) Calculated over the trailing 1-year period	53.42%	40.39%	+13.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.16%	34.15%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.79%	34.15%	-4.36%

FLKR vs. EMEQ - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than EMEQ's 0.86% expense ratio.

Dividends

FLKR vs. EMEQ - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 2.86%, more than EMEQ's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMEQ Nomura Focused Emerging Markets Equity ETF	1.79%	2.76%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLKR Franklin FTSE South Korea ETF	2.86%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%

Frequently Asked Questions

Can I hold both FLKR and EMEQ in my portfolio?

With a correlation of 0.90, FLKR and EMEQ 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.

Which is riskier, FLKR or EMEQ?

FLKR has higher volatility (21.39%) compared to EMEQ (14.87%). In terms of maximum drawdown, FLKR dropped -50.06% vs EMEQ's -26.25%.

Which ETF is better, FLKR or EMEQ?

On 1-year performance, FLKR leads with 117.49% vs 107.90% for EMEQ. On fees, FLKR is cheaper at 0.09% per year. On volatility, EMEQ has been the lower-risk option at 14.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLKR or EMEQ?

Over the 1-year period, FLKR has performed better with a 117.49% return vs 107.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLKR or EMEQ?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.86% for EMEQ.

Which ETF pays a higher dividend yield, FLKR or EMEQ?

FLKR has the higher dividend yield at 2.86%, compared with 1.79% for EMEQ.

What is the main difference between FLKR and EMEQ?

FLKR is categorized as South Korea Equities, while EMEQ is Emerging Markets Equities. They also come from different issuers: Franklin Templeton and Nomura. Their fees differ too: 0.09% for FLKR and 0.86% for EMEQ.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (2.69 vs 2.21), 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.