FLRG.DE vs. FLXE.DE
FLRG.DE (Franklin Sustainable Euro Green Bond UCITS ETF EUR Acc) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both exchange-traded funds - FLRG.DE is a Multisector Bonds fund actively managed by Franklin Templeton, while FLXE.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. FLRG.DE is actively managed, while FLXE.DE is passively managed. Over the past 5 years, FLRG.DE returned -2.24%/yr vs 8.06%/yr for FLXE.DE. At a 0.06 correlation, their price movements are largely independent. FLRG.DE charges 0.25%/yr vs 0.45%/yr for FLXE.DE.
Performance
FLRG.DE vs. FLXE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLRG.DE achieves a 0.38% return, which is significantly lower than FLXE.DE's 16.50% return.
FLRG.DE
- 1D
- -0.04%
- 1M
- -0.54%
- 6M
- 0.00%
- YTD
- 0.38%
- 1Y
- 1.31%
- 3Y*
- 3.25%
- 5Y*
- -2.24%
- 10Y*
- —
FLXE.DE
- 1D
- 0.93%
- 1M
- -1.08%
- 6M
- 12.18%
- YTD
- 16.50%
- 1Y
- 26.03%
- 3Y*
- 15.52%
- 5Y*
- 8.06%
- 10Y*
- —
FLRG.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLRG.DE Franklin Sustainable Euro Green Bond UCITS ETF EUR Acc | 0.38% | 0.89% | 2.51% | 7.85% | -19.05% | -2.94% | 5.54% | 3.28% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.50% | 13.48% | 13.20% | 8.79% | -14.00% | 16.06% | -8.15% | 5.19% |
Correlation
The correlation between FLRG.DE and FLXE.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.06 |
Over the past year, FLRG.DE and FLXE.DE have become more correlated (0.35) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
FLRG.DE vs. FLXE.DE — Risk / Return Rank
FLRG.DE
FLXE.DE
FLRG.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Sustainable Euro Green Bond UCITS ETF EUR Acc (FLRG.DE) and Franklin Emerging Markets UCITS ETF (FLXE.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.
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.
| FLRG.DE | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 3.09 | -2.59 |
| Martin ratioReturn relative to average drawdown | 1.38 | 9.82 | -8.44 |
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Drawdowns
FLRG.DE vs. FLXE.DE - Drawdown Comparison
The maximum FLRG.DE drawdown since its inception was -23.21%, smaller than the maximum FLXE.DE drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for FLRG.DE and FLXE.DE.
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Drawdown Indicators
| FLRG.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.21% | -37.02% | +13.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -8.38% | +5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -3.41% | -14.15% | +10.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.67% | -18.56% | -4.11% |
Current DrawdownCurrent decline from peak | -12.26% | -1.47% | -10.79% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -10.85% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.64% | -1.69% |
Volatility
FLRG.DE vs. FLXE.DE - Volatility Comparison
The current volatility for Franklin Sustainable Euro Green Bond UCITS ETF EUR Acc (FLRG.DE) is 1.00%, while Franklin Emerging Markets UCITS ETF (FLXE.DE) has a volatility of 3.87%. This indicates that FLRG.DE experiences smaller price fluctuations and is considered to be less risky than FLXE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRG.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 3.87% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 11.51% | -8.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 13.92% | -9.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 13.85% | -8.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 16.90% | -11.85% |
FLRG.DE vs. FLXE.DE - Expense Ratio Comparison
FLRG.DE has a 0.25% expense ratio, which is lower than FLXE.DE's 0.45% expense ratio.
Dividends
FLRG.DE vs. FLXE.DE - Dividend Comparison
Neither FLRG.DE nor FLXE.DE has paid dividends to shareholders.
Frequently Asked Questions
FLRG.DE and FLXE.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLRG.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLRG.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for FLXE.DE.
FLRG.DE is categorized as Multisector Bonds, while FLXE.DE is Emerging Markets Equities. Their fees differ too: 0.25% for FLRG.DE and 0.45% for FLXE.DE.
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