FLXB.DE vs. FVEM.DE
FLXB.DE (Franklin FTSE Brazil UCITS ETF) and FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) are both exchange-traded funds - FLXB.DE is a Latin America Equities fund tracking the FTSE Brazil 30/18 Capped, 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, FLXB.DE returned 10.43%/yr vs 18.13%/yr for FVEM.DE. At a 0.45 correlation, their price movements are largely independent. FLXB.DE charges 0.19%/yr vs 0.18%/yr for FVEM.DE.
Performance
FLXB.DE vs. FVEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXB.DE achieves a 15.75% return, which is significantly lower than FVEM.DE's 25.43% return.
FLXB.DE
- 1D
- -0.76%
- 1M
- -10.22%
- YTD
- 15.75%
- 6M
- 9.70%
- 1Y
- 32.46%
- 3Y*
- 10.43%
- 5Y*
- 6.83%
- 10Y*
- —
FVEM.DE
- 1D
- -1.33%
- 1M
- 4.58%
- YTD
- 25.43%
- 6M
- 27.21%
- 1Y
- 47.18%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
FLXB.DE vs. FVEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLXB.DE Franklin FTSE Brazil UCITS ETF | 15.75% | 29.01% | -23.72% | 30.66% |
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 FLXB.DE and FVEM.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.45 |
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Return for Risk
FLXB.DE vs. FVEM.DE — Risk / Return Rank
FLXB.DE
FVEM.DE
FLXB.DE vs. FVEM.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 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.
| FLXB.DE | FVEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.47 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 4.42 | -2.12 |
| Martin ratioReturn relative to average drawdown | 7.41 | 16.79 | -9.39 |
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 | FVEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.66 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 1.08 | -0.95 |
Drawdowns
FLXB.DE vs. FVEM.DE - Drawdown Comparison
The maximum FLXB.DE drawdown since its inception was -54.94%, 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 FLXB.DE and FVEM.DE.
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Drawdown Indicators
| FLXB.DE | FVEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.94% | -18.76% | -36.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.01% | -10.62% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.88% | -18.76% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | — | — |
Current DrawdownCurrent decline from peak | -14.01% | -2.08% | -11.93% |
Average DrawdownAverage peak-to-trough decline | -18.40% | -3.46% | -14.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.80% | +1.57% |
Volatility
FLXB.DE vs. FVEM.DE - Volatility Comparison
Franklin FTSE Brazil UCITS ETF (FLXB.DE) and Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) have volatilities of 6.93% and 7.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXB.DE | FVEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 7.26% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 19.35% | 14.82% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.98% | 17.67% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.95% | 16.04% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.07% | 16.04% | +15.03% |
FLXB.DE vs. FVEM.DE - Expense Ratio Comparison
FLXB.DE has a 0.19% expense ratio, which is higher than FVEM.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLXB.DE vs. FVEM.DE - Dividend Comparison
Neither FLXB.DE nor FVEM.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXB.DE and FVEM.DE have a correlation of 0.45, 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 0.19% for FLXB.DE.
FLXB.DE is categorized as Latin America Equities, while FVEM.DE is Emerging Markets Equities. FLXB.DE tracks FTSE Brazil 30/18 Capped, while FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned. Their fees differ too: 0.19% for FLXB.DE and 0.18% for FVEM.DE.
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