FLXE.DE vs. EUNI.DE
FLXE.DE (Franklin Emerging Markets UCITS ETF) and EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) are both Emerging Markets Equities funds - FLXE.DE tracks the MSCI EM NR USD while EUNI.DE tracks the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 5 years, FLXE.DE returned 7.69%/yr vs 7.89%/yr for EUNI.DE. A 0.78 correlation means they provide meaningful diversification when combined. FLXE.DE charges 0.45%/yr vs 0.74%/yr for EUNI.DE.
Performance
FLXE.DE vs. EUNI.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FLXE.DE having a 16.10% return and EUNI.DE slightly higher at 16.80%.
FLXE.DE
- 1D
- -0.62%
- 1M
- 0.38%
- YTD
- 16.10%
- 6M
- 15.79%
- 1Y
- 29.88%
- 3Y*
- 15.92%
- 5Y*
- 7.69%
- 10Y*
- —
EUNI.DE
- 1D
- -0.41%
- 1M
- -0.02%
- YTD
- 16.80%
- 6M
- 15.58%
- 1Y
- 26.07%
- 3Y*
- 13.85%
- 5Y*
- 7.89%
- 10Y*
- 8.99%
FLXE.DE vs. EUNI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 16.09% | -8.15% | 15.51% | -7.66% | 2.87% |
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 14.66% | -16.19% | 5.23% |
Correlation
The correlation between FLXE.DE and EUNI.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.78 |
The correlation between FLXE.DE and EUNI.DE shifts across timeframes, from 0.67 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLXE.DE vs. EUNI.DE — Risk / Return Rank
FLXE.DE
EUNI.DE
FLXE.DE vs. EUNI.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 Emerging Markets Small Cap UCITS ETF (EUNI.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 | EUNI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.28 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.23 | +0.35 |
| Martin ratioReturn relative to average drawdown | 12.18 | 10.53 | +1.65 |
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 | EUNI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 1.56 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.51 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.41 | -0.05 |
Drawdowns
FLXE.DE vs. EUNI.DE - Drawdown Comparison
The maximum FLXE.DE drawdown since its inception was -32.87%, smaller than the maximum EUNI.DE drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for FLXE.DE and EUNI.DE.
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Drawdown Indicators
| FLXE.DE | EUNI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.87% | -41.89% | +9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -7.95% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -21.15% | +6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -21.15% | +2.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.89% | — |
Current DrawdownCurrent decline from peak | -1.81% | -2.54% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -10.57% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.44% | +0.03% |
Volatility
FLXE.DE vs. EUNI.DE - Volatility Comparison
The current volatility for Franklin Emerging Markets UCITS ETF (FLXE.DE) is 5.11%, while iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) has a volatility of 6.91%. This indicates that FLXE.DE experiences smaller price fluctuations and is considered to be less risky than EUNI.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 | EUNI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 6.91% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 14.01% | -3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.04% | 16.45% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 15.21% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 16.84% | -0.78% |
FLXE.DE vs. EUNI.DE - Expense Ratio Comparison
FLXE.DE has a 0.45% expense ratio, which is lower than EUNI.DE's 0.74% expense ratio.
Dividends
FLXE.DE vs. EUNI.DE - Dividend Comparison
FLXE.DE has not paid dividends to shareholders, while EUNI.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 0.81% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
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% | 0.00% |
Frequently Asked Questions
FLXE.DE and EUNI.DE have a correlation of 0.75, 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 0.74% for EUNI.DE.
FLXE.DE tracks MSCI EM NR USD, while EUNI.DE tracks MSCI Emerging Markets Small Cap. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.45% for FLXE.DE and 0.74% for EUNI.DE.
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