FLXB.DE vs. FLXE.DE
FLXB.DE (Franklin FTSE Brazil UCITS ETF) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both exchange-traded funds - FLXB.DE is a Latin America Equities fund tracking the FTSE Brazil 30/18 Capped, while FLXE.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, FLXB.DE returned 6.83%/yr vs 7.69%/yr for FLXE.DE. A 0.54 correlation means they provide meaningful diversification when combined. FLXB.DE charges 0.19%/yr vs 0.45%/yr for FLXE.DE.
Performance
FLXB.DE vs. FLXE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FLXB.DE having a 15.75% return and FLXE.DE slightly higher at 16.10%.
FLXB.DE
- 1D
- -0.76%
- 1M
- -10.22%
- YTD
- 15.75%
- 6M
- 9.70%
- 1Y
- 32.46%
- 3Y*
- 10.43%
- 5Y*
- 6.83%
- 10Y*
- —
FLXE.DE
- 1D
- -0.62%
- 1M
- 1.42%
- YTD
- 16.10%
- 6M
- 17.14%
- 1Y
- 30.17%
- 3Y*
- 15.92%
- 5Y*
- 7.69%
- 10Y*
- —
FLXB.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXB.DE Franklin FTSE Brazil UCITS ETF | 15.75% | 29.01% | -23.72% | 28.92% | 18.78% | -11.29% | -26.34% | 15.80% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 16.09% | -8.15% | 10.08% |
Correlation
The correlation between FLXB.DE and FLXE.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2019 | 0.54 |
The correlation between FLXB.DE and FLXE.DE has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
FLXB.DE vs. FLXE.DE — Risk / Return Rank
FLXB.DE
FLXE.DE
FLXB.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FLXB.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.
| FLXB.DE | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.42 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.58 | -1.27 |
| Martin ratioReturn relative to average drawdown | 7.41 | 12.18 | -4.77 |
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
| FLXB.DE | FLXE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.30 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.56 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.36 | -0.23 |
Drawdowns
FLXB.DE vs. FLXE.DE - Drawdown Comparison
The maximum FLXB.DE drawdown since its inception was -54.94%, which is greater than FLXE.DE's maximum drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for FLXB.DE and FLXE.DE.
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Drawdown Indicators
| FLXB.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.94% | -32.87% | -22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.01% | -8.39% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -25.88% | -14.16% | -11.72% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -18.56% | -9.95% |
Current DrawdownCurrent decline from peak | -14.01% | -1.81% | -12.20% |
Average DrawdownAverage peak-to-trough decline | -18.40% | -7.16% | -11.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.47% | +1.90% |
Volatility
FLXB.DE vs. FLXE.DE - Volatility Comparison
Franklin FTSE Brazil UCITS ETF (FLXB.DE) has a higher volatility of 6.93% compared to Franklin Emerging Markets UCITS ETF (FLXE.DE) at 5.11%. This indicates that FLXB.DE's price experiences larger fluctuations and is considered to be riskier 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
| FLXB.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 5.11% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 19.35% | 10.96% | +8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.98% | 13.04% | +9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.95% | 13.69% | +12.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.07% | 16.06% | +15.01% |
FLXB.DE vs. FLXE.DE - Expense Ratio Comparison
FLXB.DE has a 0.19% expense ratio, which is lower than FLXE.DE's 0.45% expense ratio.
Dividends
FLXB.DE vs. FLXE.DE - Dividend Comparison
Neither FLXB.DE nor FLXE.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXB.DE and FLXE.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXB.DE is cheaper with a 0.19% expense ratio, compared with 0.45% for FLXE.DE.
FLXB.DE is categorized as Latin America Equities, while FLXE.DE is Emerging Markets Equities. FLXB.DE tracks FTSE Brazil 30/18 Capped, while FLXE.DE tracks MSCI EM NR USD. Their fees differ too: 0.19% for FLXB.DE and 0.45% for FLXE.DE.
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