FLRA.DE vs. FVEM.DE
FLRA.DE (Franklin Metaverse UCITS ETF USD Capitalisation) and FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) are both exchange-traded funds - FLRA.DE is a Technology Equities fund tracking the Solactive Global Metaverse Innovation, while FVEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Climate Paris Aligned. Both are passively managed. Over the past 3 years, FLRA.DE returned 26.58%/yr vs 18.13%/yr for FVEM.DE. A 0.61 correlation means they provide meaningful diversification when combined. FLRA.DE charges 0.30%/yr vs 0.18%/yr for FVEM.DE.
Performance
FLRA.DE vs. FVEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLRA.DE achieves a 19.68% return, which is significantly lower than FVEM.DE's 25.43% return.
FLRA.DE
- 1D
- -1.45%
- 1M
- 16.33%
- YTD
- 19.68%
- 6M
- 14.77%
- 1Y
- 38.95%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
FVEM.DE
- 1D
- -1.33%
- 1M
- 4.58%
- YTD
- 25.43%
- 6M
- 27.21%
- 1Y
- 47.18%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
FLRA.DE vs. FVEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLRA.DE Franklin Metaverse UCITS ETF USD Capitalisation | 19.68% | 5.59% | 27.26% | 48.24% |
FVEM.DE Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation | 25.43% | 17.23% | 13.32% | 0.60% |
Correlation
The correlation between FLRA.DE and FVEM.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.61 |
The correlation between FLRA.DE and FVEM.DE has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.
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Return for Risk
FLRA.DE vs. FVEM.DE — Risk / Return Rank
FLRA.DE
FVEM.DE
FLRA.DE vs. FVEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.DE) and Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE). 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.
| FLRA.DE | FVEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.47 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 4.42 | -3.09 |
| Martin ratioReturn relative to average drawdown | 3.01 | 16.79 | -13.79 |
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
| FLRA.DE | FVEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.66 | -1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.08 | -0.25 |
Drawdowns
FLRA.DE vs. FVEM.DE - Drawdown Comparison
The maximum FLRA.DE drawdown since its inception was -34.22%, which is greater than FVEM.DE's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for FLRA.DE and FVEM.DE.
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Drawdown Indicators
| FLRA.DE | FVEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -18.76% | -15.46% |
Max Drawdown (1Y)Largest decline over 1 year | -29.17% | -10.62% | -18.55% |
Max Drawdown (3Y)Largest decline over 3 years | -34.22% | -18.76% | -15.46% |
Current DrawdownCurrent decline from peak | -2.92% | -2.08% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -3.46% | -6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 2.80% | +10.11% |
Volatility
FLRA.DE vs. FVEM.DE - Volatility Comparison
Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.DE) has a higher volatility of 8.80% compared to Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) at 7.26%. This indicates that FLRA.DE's price experiences larger fluctuations and is considered to be riskier than FVEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRA.DE | FVEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 7.26% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 14.82% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.70% | 17.67% | +8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.73% | 16.04% | +11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 16.04% | +11.69% |
FLRA.DE vs. FVEM.DE - Expense Ratio Comparison
FLRA.DE has a 0.30% expense ratio, which is higher than FVEM.DE's 0.18% expense ratio.
Dividends
FLRA.DE vs. FVEM.DE - Dividend Comparison
Neither FLRA.DE nor FVEM.DE has paid dividends to shareholders.
Frequently Asked Questions
FLRA.DE and FVEM.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVEM.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for FLRA.DE.
FLRA.DE is categorized as Technology Equities, while FVEM.DE is Emerging Markets Equities. FLRA.DE tracks Solactive Global Metaverse Innovation, while FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned. Their fees differ too: 0.30% for FLRA.DE and 0.18% for FVEM.DE.
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