FLXE.DE vs. EDM2.DE
FLXE.DE (Franklin Emerging Markets UCITS ETF) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - FLXE.DE tracks the MSCI EM NR USD while EDM2.DE tracks the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past 5 years, FLXE.DE returned 7.69%/yr vs 7.59%/yr for EDM2.DE. Their correlation of 0.85 suggests significant overlap in exposure. FLXE.DE charges 0.45%/yr vs 0.18%/yr for EDM2.DE.
Performance
FLXE.DE vs. EDM2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXE.DE achieves a 16.10% return, which is significantly lower than EDM2.DE's 26.35% return.
FLXE.DE
- 1D
- -0.62%
- 1M
- 0.38%
- YTD
- 16.10%
- 6M
- 15.79%
- 1Y
- 29.88%
- 3Y*
- 15.92%
- 5Y*
- 7.69%
- 10Y*
- —
EDM2.DE
- 1D
- -1.45%
- 1M
- 3.82%
- YTD
- 26.35%
- 6M
- 26.81%
- 1Y
- 46.28%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
FLXE.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 16.09% | -8.15% | 4.08% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 4.56% | -16.00% | 4.73% | 7.76% | 7.05% |
Correlation
The correlation between FLXE.DE and EDM2.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.85 |
The correlation between FLXE.DE and EDM2.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
FLXE.DE vs. EDM2.DE — Risk / Return Rank
FLXE.DE
EDM2.DE
FLXE.DE vs. EDM2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Markets UCITS ETF (FLXE.DE) and iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.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.
| FLXE.DE | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.48 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 4.32 | -0.74 |
| Martin ratioReturn relative to average drawdown | 12.18 | 15.65 | -3.47 |
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
| FLXE.DE | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.63 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.45 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.49 | -0.13 |
Drawdowns
FLXE.DE vs. EDM2.DE - Drawdown Comparison
The maximum FLXE.DE drawdown since its inception was -32.87%, roughly equal to the maximum EDM2.DE drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for FLXE.DE and EDM2.DE.
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Drawdown Indicators
| FLXE.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.87% | -32.32% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -10.88% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -19.52% | +5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -25.43% | +6.87% |
Current DrawdownCurrent decline from peak | -1.81% | -2.66% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -11.10% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.01% | -0.54% |
Volatility
FLXE.DE vs. EDM2.DE - Volatility Comparison
The current volatility for Franklin Emerging Markets UCITS ETF (FLXE.DE) is 5.11%, while iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) has a volatility of 7.43%. This indicates that FLXE.DE experiences smaller price fluctuations and is considered to be less risky than EDM2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXE.DE | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 7.43% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 15.11% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.04% | 17.92% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 16.83% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 19.13% | -3.07% |
FLXE.DE vs. EDM2.DE - Expense Ratio Comparison
FLXE.DE has a 0.45% expense ratio, which is higher than EDM2.DE's 0.18% expense ratio.
Dividends
FLXE.DE vs. EDM2.DE - Dividend Comparison
Neither FLXE.DE nor EDM2.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXE.DE and EDM2.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDM2.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM2.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for FLXE.DE.
FLXE.DE tracks MSCI EM NR USD, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.45% for FLXE.DE and 0.18% for EDM2.DE.
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