FLKR vs. EMEQ

Last updated Jun 14, 2026

FLKR (Franklin FTSE South Korea ETF) and EMEQ (Nomura Focused Emerging Markets Equity ETF) are both exchange-traded funds - FLKR is a Asia Pacific Equities fund tracking the FTSE South Korea RIC Capped Index, while EMEQ is a Emerging Markets Diversified fund actively managed by Nomura. FLKR is passively managed, while EMEQ is actively managed. Over the past year, FLKR returned 191.57% vs 141.42% for EMEQ. Their correlation of 0.84 suggests significant overlap in exposure. 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 98.10% return, which is significantly higher than EMEQ's 70.13% return.

FLKR

• 1D: -0.69%
• 1M: 9.35%
• YTD: 98.10%
• 6M: 113.45%
• 1Y: 191.57%
• 3Y*: 45.52%
• 5Y*: 17.78%
• 10Y*: —

EMEQ

• 1D: 0.81%
• 1M: 10.20%
• YTD: 70.13%
• 6M: 81.37%
• 1Y: 141.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLKR vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLKR Franklin FTSE South Korea ETF	98.10%	91.91%	-16.72%
EMEQ Nomura Focused Emerging Markets Equity ETF	70.13%	69.78%	-0.73%

Correlation

The correlation between FLKR and EMEQ is 0.90, 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	0.90
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	62.9%	1.1%
Industrials	14.6%	0.3%
Financial Services	7.5%	6.8%
Consumer Cyclical	6.3%	6.2%
Healthcare	2.4%	1.4%
Communication Services	2.0%	2.4%
Basic Materials	1.9%	1.3%
Consumer Defensive	1.4%	3.8%
Energy	0.7%	1.3%
Utilities	0.3%	0.9%
Real Estate	-	-

Return for Risk

FLKR vs. EMEQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLKR

FLKR Risk / Return Rank: 95
FLKR Sharpe Ratio Rank: 97
FLKR Sortino Ratio Rank: 92
FLKR Omega Ratio Rank: 93
FLKR Calmar Ratio Rank: 96
FLKR Martin Ratio Rank: 95

EMEQ

EMEQ Risk / Return Rank: 95
EMEQ Sharpe Ratio Rank: 97
EMEQ Sortino Ratio Rank: 93
EMEQ Omega Ratio Rank: 94
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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	4.08	3.89	+0.18
Sortino ratio: Return per unit of downside risk	3.94	4.03	-0.10
Omega ratio: Gain probability vs. loss probability	1.58	1.61	-0.03
Calmar ratio: Return relative to maximum drawdown	8.11	7.71	+0.40
Martin ratio: Return relative to average drawdown	28.21	28.78	-0.58

FLKR vs. EMEQ - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 4.08, which is comparable to the EMEQ Sharpe Ratio of 3.89. 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 -19.99%. 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%	-19.99%	-30.07%
Max Drawdown (1Y) Largest decline over 1 year	-23.03%	-17.91%	-5.12%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.51%	—	—
Current Drawdown Current decline from peak	-9.25%	-5.69%	-3.56%
Average Drawdown Average peak-to-trough decline	-22.03%	-4.05%	-17.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.61%	4.79%	+1.82%

Volatility

FLKR vs. EMEQ - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 25.85% compared to Nomura Focused Emerging Markets Equity ETF (EMEQ) at 19.34%. 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	25.85%	19.34%	+6.51%
Volatility (6M) Calculated over the trailing 6-month period	42.11%	32.54%	+9.57%
Volatility (1Y) Calculated over the trailing 1-year period	45.82%	35.48%	+10.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.58%	31.87%	-2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.37%	31.87%	-3.50%

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 1.95%, more than EMEQ's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMEQ Nomura Focused Emerging Markets Equity ETF	1.62%	2.76%	0.84%	0.00%	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

Can I hold both FLKR and EMEQ in my portfolio?

FLKR and EMEQ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLKR or EMEQ?

FLKR has higher volatility (25.85%) compared to EMEQ (19.34%). In terms of maximum drawdown, FLKR dropped -50.06% vs EMEQ's -19.99%.

Which ETF is better, FLKR or EMEQ?

On 1-year performance, FLKR leads with 191.57% vs 141.42% for EMEQ. On fees, FLKR is cheaper at 0.09% per year. On volatility, EMEQ has been the lower-risk option at 19.34%. 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 191.57% return vs 141.42%. 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 1.95%, compared with 1.62% for EMEQ.

What is the main difference between FLKR and EMEQ?

FLKR is categorized as Asia Pacific Equities, while EMEQ is Emerging Markets Diversified. 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?

FLKR currently has the higher Sharpe Ratio (4.08 vs 3.89), 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.