FLXE.DE vs. FLXK.DE
FLXE.DE (Franklin Emerging Markets UCITS ETF) and FLXK.DE (Franklin FTSE Korea UCITS ETF) are both exchange-traded funds - FLXE.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while FLXK.DE is a Asia Pacific Equities fund tracking the FTSE Korea 30/18 Capped. Both are passively managed. Over the past 5 years, FLXE.DE returned 7.69%/yr vs 20.42%/yr for FLXK.DE. A 0.68 correlation means they provide meaningful diversification when combined. FLXE.DE charges 0.45%/yr vs 0.09%/yr for FLXK.DE.
Performance
FLXE.DE vs. FLXK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLXE.DE achieves a 16.10% return, which is significantly lower than FLXK.DE's 113.07% 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*
- —
FLXK.DE
- 1D
- -5.45%
- 1M
- 13.51%
- YTD
- 113.07%
- 6M
- 125.49%
- 1Y
- 216.17%
- 3Y*
- 46.07%
- 5Y*
- 20.42%
- 10Y*
- —
FLXE.DE vs. FLXK.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% | 10.08% |
FLXK.DE Franklin FTSE Korea UCITS ETF | 113.07% | 73.17% | -17.06% | 16.74% | -23.45% | 0.14% | 34.15% | 14.19% |
Correlation
The correlation between FLXE.DE and FLXK.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2019 | 0.68 |
The correlation between FLXE.DE and FLXK.DE has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLXE.DE vs. FLXK.DE — Risk / Return Rank
FLXE.DE
FLXK.DE
FLXE.DE vs. FLXK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Markets UCITS ETF (FLXE.DE) and Franklin FTSE Korea UCITS ETF (FLXK.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 | FLXK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.79 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 10.68 | -7.10 |
| Martin ratioReturn relative to average drawdown | 12.18 | 38.63 | -26.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FLXE.DE | FLXK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 5.91 | -3.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.80 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.84 | -0.48 |
Drawdowns
FLXE.DE vs. FLXK.DE - Drawdown Comparison
The maximum FLXE.DE drawdown since its inception was -32.87%, smaller than the maximum FLXK.DE drawdown of -39.43%. Use the drawdown chart below to compare losses from any high point for FLXE.DE and FLXK.DE.
Loading charts...
Drawdown Indicators
| FLXE.DE | FLXK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.87% | -39.43% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -20.92% | +12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -29.99% | +15.83% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -39.36% | +20.80% |
Current DrawdownCurrent decline from peak | -1.81% | -5.90% | +4.09% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -15.54% | +8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 5.80% | -3.33% |
Volatility
FLXE.DE vs. FLXK.DE - Volatility Comparison
The current volatility for Franklin Emerging Markets UCITS ETF (FLXE.DE) is 5.11%, while Franklin FTSE Korea UCITS ETF (FLXK.DE) has a volatility of 17.58%. This indicates that FLXE.DE experiences smaller price fluctuations and is considered to be less risky than FLXK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLXE.DE | FLXK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 17.58% | -12.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 33.23% | -22.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.04% | 37.87% | -24.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 25.35% | -11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 26.75% | -10.69% |
FLXE.DE vs. FLXK.DE - Expense Ratio Comparison
FLXE.DE has a 0.45% expense ratio, which is higher than FLXK.DE's 0.09% expense ratio.
Dividends
FLXE.DE vs. FLXK.DE - Dividend Comparison
Neither FLXE.DE nor FLXK.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXE.DE and FLXK.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.DE is cheaper with a 0.09% expense ratio, compared with 0.45% for FLXE.DE.
FLXE.DE is categorized as Emerging Markets Equities, while FLXK.DE is Asia Pacific Equities. FLXE.DE tracks MSCI EM NR USD, while FLXK.DE tracks FTSE Korea 30/18 Capped. Their fees differ too: 0.45% for FLXE.DE and 0.09% for FLXK.DE.
Find the right allocation for FLXE.DE and FLXK.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer