FLXE.DE vs. EMXC.DE
FLXE.DE (Franklin Emerging Markets UCITS ETF) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from Franklin Templeton and Amundi respectively. Both are passively managed. Over the past 5 years, FLXE.DE returned 7.69%/yr vs 13.66%/yr for EMXC.DE. Their correlation of 0.82 suggests significant overlap in exposure. FLXE.DE charges 0.45%/yr vs 0.15%/yr for EMXC.DE.
Performance
FLXE.DE vs. EMXC.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 EMXC.DE's 40.23% 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*
- —
EMXC.DE
- 1D
- -1.80%
- 1M
- 5.62%
- YTD
- 40.23%
- 6M
- 42.71%
- 1Y
- 66.91%
- 3Y*
- 25.05%
- 5Y*
- 13.66%
- 10Y*
- —
FLXE.DE vs. EMXC.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% | 5.86% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 40.23% | 19.92% | 9.13% | 14.33% | -13.60% | 17.56% | 2.27% | 6.14% |
Correlation
The correlation between FLXE.DE and EMXC.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019 | 0.82 |
The correlation between FLXE.DE and EMXC.DE has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.
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Return for Risk
FLXE.DE vs. EMXC.DE — Risk / Return Rank
FLXE.DE
EMXC.DE
FLXE.DE vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Markets UCITS ETF (FLXE.DE) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.62 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 5.78 | -2.20 |
| Martin ratioReturn relative to average drawdown | 12.18 | 21.97 | -9.79 |
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 | EMXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 3.46 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.85 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.69 | -0.33 |
Drawdowns
FLXE.DE vs. EMXC.DE - Drawdown Comparison
The maximum FLXE.DE drawdown since its inception was -32.87%, smaller than the maximum EMXC.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for FLXE.DE and EMXC.DE.
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Drawdown Indicators
| FLXE.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.87% | -38.77% | +5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -11.87% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -20.48% | +6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -20.48% | +1.92% |
Current DrawdownCurrent decline from peak | -1.81% | -2.53% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -6.73% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.13% | -0.66% |
Volatility
FLXE.DE vs. EMXC.DE - Volatility Comparison
The current volatility for Franklin Emerging Markets UCITS ETF (FLXE.DE) is 5.11%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 8.44%. This indicates that FLXE.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 8.44% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 17.23% | -6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.04% | 19.85% | -6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 15.83% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 18.50% | -2.44% |
FLXE.DE vs. EMXC.DE - Expense Ratio Comparison
FLXE.DE has a 0.45% expense ratio, which is higher than EMXC.DE's 0.15% expense ratio.
Dividends
FLXE.DE vs. EMXC.DE - Dividend Comparison
Neither FLXE.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXE.DE and EMXC.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.45% for FLXE.DE.
Both ETFs track MSCI EM NR USD. They also come from different issuers: Franklin Templeton and Amundi. Their fees differ too: 0.45% for FLXE.DE and 0.15% for EMXC.DE.
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