FLXE.DE vs. EHDL.DE
FLXE.DE (Franklin Emerging Markets UCITS ETF) and EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) are both Emerging Markets Equities funds - FLXE.DE tracks the MSCI EM NR USD while EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility Index. Both are passively managed. Over the past 5 years, FLXE.DE returned 8.06%/yr vs 7.13%/yr for EHDL.DE. A 0.75 correlation means they provide meaningful diversification when combined. FLXE.DE charges 0.45%/yr vs 0.49%/yr for EHDL.DE.
Performance
FLXE.DE vs. EHDL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXE.DE achieves a 16.50% return, which is significantly higher than EHDL.DE's 12.21% return.
FLXE.DE
- 1D
- 0.93%
- 1M
- -1.08%
- 6M
- 12.18%
- YTD
- 16.50%
- 1Y
- 26.03%
- 3Y*
- 15.52%
- 5Y*
- 8.06%
- 10Y*
- —
EHDL.DE
- 1D
- -0.20%
- 1M
- 1.47%
- 6M
- 8.34%
- YTD
- 12.21%
- 1Y
- 23.70%
- 3Y*
- 13.52%
- 5Y*
- 7.13%
- 10Y*
- 6.10%
FLXE.DE vs. EHDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.50% | 13.48% | 13.20% | 8.79% | -14.00% | 16.06% | -8.15% | 15.56% | -7.69% | -13.90% |
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 12.21% | 12.82% | 8.32% | 6.17% | -10.93% | 22.11% | -15.54% | 19.11% | -2.44% | -2.12% |
Correlation
The correlation between FLXE.DE and EHDL.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.75 |
The correlation between FLXE.DE and EHDL.DE has been stable across timeframes, ranging from 0.65 to 0.75 - a consistent structural relationship.
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Return for Risk
FLXE.DE vs. EHDL.DE — Risk / Return Rank
FLXE.DE
EHDL.DE
FLXE.DE vs. EHDL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Markets UCITS ETF (FLXE.DE) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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.
| FLXE.DE | EHDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 4.48 | -1.39 |
| Martin ratioReturn relative to average drawdown | 9.82 | 11.80 | -1.98 |
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Drawdowns
FLXE.DE vs. EHDL.DE - Drawdown Comparison
The maximum FLXE.DE drawdown since its inception was -37.02%, roughly equal to the maximum EHDL.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for FLXE.DE and EHDL.DE.
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Drawdown Indicators
| FLXE.DE | EHDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.02% | -36.13% | -0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -5.26% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.15% | -14.85% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -18.80% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.13% | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.99% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -9.09% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.00% | +0.64% |
Volatility
FLXE.DE vs. EHDL.DE - Volatility Comparison
Franklin Emerging Markets UCITS ETF (FLXE.DE) has a higher volatility of 3.87% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) at 3.21%. This indicates that FLXE.DE's price experiences larger fluctuations and is considered to be riskier than EHDL.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 | EHDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.21% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 8.05% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 11.34% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 13.60% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 17.99% | -1.09% |
FLXE.DE vs. EHDL.DE - Expense Ratio Comparison
FLXE.DE has a 0.45% expense ratio, which is lower than EHDL.DE's 0.49% expense ratio.
Dividends
FLXE.DE vs. EHDL.DE - Dividend Comparison
FLXE.DE has not paid dividends to shareholders, while EHDL.DE's dividend yield for the trailing twelve months is around 4.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.74% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLXE.DE and EHDL.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXE.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXE.DE is cheaper with a 0.45% expense ratio, compared with 0.49% for EHDL.DE.
FLXE.DE tracks MSCI EM NR USD, while EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.45% for FLXE.DE and 0.49% for EHDL.DE.
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