FLXE.DE vs. UETE.DE
FLXE.DE (Franklin Emerging Markets UCITS ETF) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - FLXE.DE tracks the MSCI EM NR USD while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, FLXE.DE returned 8.06%/yr vs 9.13%/yr for UETE.DE. Their correlation of 0.80 suggests significant overlap in exposure. FLXE.DE charges 0.45%/yr vs 0.24%/yr for UETE.DE.
Performance
FLXE.DE vs. UETE.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 lower than UETE.DE's 30.14% 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*
- —
UETE.DE
- 1D
- -0.15%
- 1M
- -5.30%
- 6M
- 25.20%
- YTD
- 30.14%
- 1Y
- 47.10%
- 3Y*
- 22.81%
- 5Y*
- 9.13%
- 10Y*
- —
FLXE.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.50% | 13.48% | 13.20% | 8.79% | -14.00% | 16.06% | -8.15% | 10.00% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 30.14% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between FLXE.DE and UETE.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.80 |
The correlation between FLXE.DE and UETE.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
FLXE.DE vs. UETE.DE — Risk / Return Rank
FLXE.DE
UETE.DE
FLXE.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Markets UCITS ETF (FLXE.DE) and UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.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 | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 4.97 | -1.88 |
| Martin ratioReturn relative to average drawdown | 9.82 | 14.15 | -4.32 |
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Drawdowns
FLXE.DE vs. UETE.DE - Drawdown Comparison
The maximum FLXE.DE drawdown since its inception was -37.02%, smaller than the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for FLXE.DE and UETE.DE.
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Drawdown Indicators
| FLXE.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.02% | -39.65% | +2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -9.43% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -14.15% | -20.18% | +6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -23.78% | +5.22% |
Current DrawdownCurrent decline from peak | -1.47% | -8.62% | +7.15% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -11.47% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 3.32% | -0.68% |
Volatility
FLXE.DE vs. UETE.DE - Volatility Comparison
The current volatility for Franklin Emerging Markets UCITS ETF (FLXE.DE) is 3.87%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.53%. This indicates that FLXE.DE experiences smaller price fluctuations and is considered to be less risky than UETE.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 | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 8.53% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 18.33% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 20.94% | -7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 18.49% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 21.14% | -4.24% |
FLXE.DE vs. UETE.DE - Expense Ratio Comparison
FLXE.DE has a 0.45% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
FLXE.DE vs. UETE.DE - Dividend Comparison
Neither FLXE.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXE.DE and UETE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETE.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETE.DE is cheaper with a 0.24% expense ratio, compared with 0.45% for FLXE.DE.
FLXE.DE tracks MSCI EM NR USD, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Franklin Templeton and UBS. Their fees differ too: 0.45% for FLXE.DE and 0.24% for UETE.DE.
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