FLKR vs. FRDM

Last updated Jun 9, 2026

FLKR (Franklin FTSE South Korea ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - FLKR is a Asia Pacific Equities fund tracking the FTSE South Korea RIC Capped Index, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Both are passively managed. Over the past 5 years, FLKR returned 16.65%/yr vs 17.60%/yr for FRDM. Their correlation of 0.81 suggests significant overlap in exposure. FLKR charges 0.09%/yr vs 0.49%/yr for FRDM.

Performance

FLKR vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE South Korea ETF (FLKR) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLKR achieves a 86.43% return, which is significantly higher than FRDM's 33.53% return.

FLKR

• 1D: 6.28%
• 1M: -2.80%
• YTD: 86.43%
• 6M: 95.63%
• 1Y: 177.77%
• 3Y*: 43.23%
• 5Y*: 16.65%
• 10Y*: —

FRDM

• 1D: 2.14%
• 1M: -1.02%
• YTD: 33.53%
• 6M: 40.61%
• 1Y: 79.74%
• 3Y*: 32.52%
• 5Y*: 17.60%
• 10Y*: —

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

FLKR vs. FRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLKR Franklin FTSE South Korea ETF	86.43%	91.91%	-18.84%	19.16%	-27.50%	-7.54%	42.64%	15.49%
FRDM Freedom 100 Emerging Markets ETF	33.53%	61.27%	1.70%	22.77%	-14.45%	6.13%	16.90%	12.33%

Correlation

The correlation between FLKR and FRDM is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 24, 2019	0.81

The correlation between FLKR and FRDM has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

FLKR vs. FRDM - Sectors Allocation Comparison

Sectors	FLKR	FRDM
Technology	64.3%	41.1%
Industrials	12.8%	8.6%
Financial Services	7.6%	22.1%
Consumer Cyclical	6.0%	7.8%
Basic Materials	2.6%	7.4%
Healthcare	2.5%	1.8%
Communication Services	1.6%	3.9%
Consumer Defensive	1.5%	2.2%
Energy	0.4%	0.1%
Utilities	0.3%	2.6%
Real Estate	-	2.5%

Return for Risk

FLKR vs. FRDM — Risk / Return Rank

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

FLKR

FLKR Risk / Return Rank: 94
FLKR Sharpe Ratio Rank: 97
FLKR Sortino Ratio Rank: 90
FLKR Omega Ratio Rank: 92
FLKR Calmar Ratio Rank: 96
FLKR Martin Ratio Rank: 95

FRDM

FRDM Risk / Return Rank: 90
FRDM Sharpe Ratio Rank: 93
FRDM Sortino Ratio Rank: 87
FRDM Omega Ratio Rank: 90
FRDM Calmar Ratio Rank: 88
FRDM Martin Ratio Rank: 90

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. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) and Freedom 100 Emerging Markets ETF (FRDM). 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.

	FLKR	FRDM	Difference
Sharpe ratio: Return per unit of total volatility	4.03	3.08	+0.96
Sortino ratio: Return per unit of downside risk	3.85	3.57	+0.28
Omega ratio: Gain probability vs. loss probability	1.57	1.53	+0.04
Calmar ratio: Return relative to maximum drawdown	7.77	4.75	+3.02
Martin ratio: Return relative to average drawdown	27.92	18.69	+9.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLKR vs. FRDM - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 4.03, which is higher than the FRDM Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of FLKR and FRDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLKR	FRDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.03	3.08	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.84	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.79	-0.31

Drawdowns

FLKR vs. FRDM - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, which is greater than FRDM's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for FLKR and FRDM.

Drawdown Indicators

	FLKR	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-40.49%	-9.57%
Max Drawdown (1Y) Largest decline over 1 year	-23.03%	-16.87%	-6.16%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-16.87%	-9.52%
Max Drawdown (5Y) Largest decline over 5 years	-49.51%	-29.25%	-20.26%
Current Drawdown Current decline from peak	-14.59%	-8.86%	-5.73%
Average Drawdown Average peak-to-trough decline	-22.06%	-7.10%	-14.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.40%	4.28%	+2.12%

Volatility

FLKR vs. FRDM - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 26.26% compared to Freedom 100 Emerging Markets ETF (FRDM) at 13.53%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLKR	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.26%	13.53%	+12.73%
Volatility (6M) Calculated over the trailing 6-month period	40.64%	23.53%	+17.11%
Volatility (1Y) Calculated over the trailing 1-year period	44.43%	26.09%	+18.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.12%	21.15%	+7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.11%	22.98%	+5.13%

FLKR vs. FRDM - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than FRDM's 0.49% expense ratio.

Dividends

FLKR vs. FRDM - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 2.07%, more than FRDM's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKR Franklin FTSE South Korea ETF	2.07%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%
FRDM Freedom 100 Emerging Markets ETF	1.64%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLKR and FRDM in my portfolio?

FLKR and FRDM have a correlation of 0.84, 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 FRDM?

FLKR has higher volatility (26.26%) compared to FRDM (13.53%). In terms of maximum drawdown, FLKR dropped -50.06% vs FRDM's -40.49%.

Which ETF is better, FLKR or FRDM?

On 5-year performance, FRDM leads with 17.60% vs 16.65% for FLKR. On fees, FLKR is cheaper at 0.09% per year. On volatility, FRDM has been the lower-risk option at 13.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLKR or FRDM?

Over the 5-year period, FRDM has performed better with a 17.60% return vs 16.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLKR or FRDM?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.49% for FRDM.

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

FLKR has the higher dividend yield at 2.07%, compared with 1.64% for FRDM.

What is the main difference between FLKR and FRDM?

FLKR is categorized as Asia Pacific Equities, while FRDM is Emerging Markets Diversified. FLKR tracks FTSE South Korea RIC Capped Index, while FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index. They also come from different issuers: Franklin Templeton and Freedom Funds. Their fees differ too: 0.09% for FLKR and 0.49% for FRDM.

Which has better risk-adjusted returns?

FLKR currently has the higher Sharpe Ratio (4.03 vs 3.08), 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.