FLXC.DE vs. FVEM.DE

Last updated Jun 5, 2026

FLXC.DE (Franklin FTSE China UCITS ETF) and FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) are both exchange-traded funds - FLXC.DE is a China Equities fund tracking the FTSE China 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, FLXC.DE returned 7.94%/yr vs 18.13%/yr for FVEM.DE. A 0.70 correlation means they provide meaningful diversification when combined. FLXC.DE charges 0.19%/yr vs 0.18%/yr for FVEM.DE.

Performance

FLXC.DE vs. FVEM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Franklin FTSE China UCITS ETF (FLXC.DE) and Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLXC.DE achieves a -5.94% return, which is significantly lower than FVEM.DE's 25.43% return.

FLXC.DE

• 1D: -0.40%
• 1M: -3.82%
• YTD: -5.94%
• 6M: -8.20%
• 1Y: 4.53%
• 3Y*: 7.94%
• 5Y*: -3.95%
• 10Y*: —

FVEM.DE

• 1D: -1.33%
• 1M: 4.58%
• YTD: 25.43%
• 6M: 27.21%
• 1Y: 47.18%
• 3Y*: 18.13%
• 5Y*: —
• 10Y*: —

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

FLXC.DE vs. FVEM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLXC.DE Franklin FTSE China UCITS ETF	-5.94%	17.34%	27.28%	-14.52%
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 FLXC.DE and FVEM.DE is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023	0.70

The correlation between FLXC.DE and FVEM.DE has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

Return for Risk

FLXC.DE vs. FVEM.DE — Risk / Return Rank

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

FLXC.DE

FLXC.DE Risk / Return Rank: 13
FLXC.DE Sharpe Ratio Rank: 13
FLXC.DE Sortino Ratio Rank: 13
FLXC.DE Omega Ratio Rank: 13
FLXC.DE Calmar Ratio Rank: 13
FLXC.DE Martin Ratio Rank: 12

FVEM.DE

FVEM.DE Risk / Return Rank: 83
FVEM.DE Sharpe Ratio Rank: 83
FVEM.DE Sortino Ratio Rank: 82
FVEM.DE Omega Ratio Rank: 81
FVEM.DE Calmar Ratio Rank: 84
FVEM.DE Martin Ratio Rank: 84

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.

FLXC.DE vs. FVEM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China UCITS ETF (FLXC.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.

	FLXC.DE	FVEM.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.27	2.66	-2.39
Sortino ratio: Return per unit of downside risk	0.50	3.59	-3.09
Omega ratio: Gain probability vs. loss probability	1.06	1.47	-0.42
Calmar ratio: Return relative to maximum drawdown	0.31	4.42	-4.11
Martin ratio: Return relative to average drawdown	0.64	16.79	-16.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLXC.DE vs. FVEM.DE - Sharpe Ratio Comparison

The current FLXC.DE Sharpe Ratio is 0.27, which is lower than the FVEM.DE Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of FLXC.DE and FVEM.DE, 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

	FLXC.DE	FVEM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	2.66	-2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.08	-0.98

Drawdowns

FLXC.DE vs. FVEM.DE - Drawdown Comparison

The maximum FLXC.DE drawdown since its inception was -55.61%, 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 FLXC.DE and FVEM.DE.

Drawdown Indicators

	FLXC.DE	FVEM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-55.61%	-18.76%	-36.85%
Max Drawdown (1Y) Largest decline over 1 year	-15.19%	-10.62%	-4.57%
Max Drawdown (3Y) Largest decline over 3 years	-24.70%	-18.76%	-5.94%
Max Drawdown (5Y) Largest decline over 5 years	-49.07%	—	—
Current Drawdown Current decline from peak	-30.89%	-2.08%	-28.81%
Average Drawdown Average peak-to-trough decline	-27.95%	-3.46%	-24.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.38%	2.80%	+4.58%

Volatility

FLXC.DE vs. FVEM.DE - Volatility Comparison

The current volatility for Franklin FTSE China UCITS ETF (FLXC.DE) is 6.78%, while Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) has a volatility of 7.26%. This indicates that FLXC.DE experiences smaller price fluctuations and is considered to be less risky than FVEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXC.DE	FVEM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	7.26%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	14.82%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	17.78%	17.67%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.71%	16.04%	+10.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.20%	16.04%	+10.16%

FLXC.DE vs. FVEM.DE - Expense Ratio Comparison

FLXC.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

FLXC.DE vs. FVEM.DE - Dividend Comparison

Neither FLXC.DE nor FVEM.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FLXC.DE and FVEM.DE in my portfolio?

FLXC.DE and FVEM.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXC.DE or FVEM.DE?

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.

Which ETF is cheaper, FLXC.DE or FVEM.DE?

FVEM.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for FLXC.DE.

What is the main difference between FLXC.DE and FVEM.DE?

FLXC.DE is categorized as China Equities, while FVEM.DE is Emerging Markets Equities. FLXC.DE tracks FTSE China 30/18 Capped, while FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned. Their fees differ too: 0.19% for FLXC.DE and 0.18% for FVEM.DE.