FLXE.DE vs. XEMD.DE
FLXE.DE (Franklin Emerging Markets UCITS ETF) and XEMD.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1D) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from Franklin Templeton and Xtrackers respectively. Both are passively managed. Over the past 3 years, FLXE.DE returned 15.92%/yr vs 20.80%/yr for XEMD.DE. Their correlation of 0.85 suggests significant overlap in exposure. FLXE.DE charges 0.45%/yr vs 0.18%/yr for XEMD.DE.
Performance
FLXE.DE vs. XEMD.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 XEMD.DE's 28.06% 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*
- —
XEMD.DE
- 1D
- -1.59%
- 1M
- 3.50%
- YTD
- 28.06%
- 6M
- 27.79%
- 1Y
- 48.60%
- 3Y*
- 20.80%
- 5Y*
- —
- 10Y*
- —
FLXE.DE vs. XEMD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 2.71% |
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 28.06% | 18.67% | 13.85% | 5.68% | -14.85% | -1.50% |
Correlation
The correlation between FLXE.DE and XEMD.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.85 |
The correlation between FLXE.DE and XEMD.DE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
FLXE.DE vs. XEMD.DE — Risk / Return Rank
FLXE.DE
XEMD.DE
FLXE.DE vs. XEMD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Markets UCITS ETF (FLXE.DE) and Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.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 | XEMD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.50 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 4.60 | -1.02 |
| Martin ratioReturn relative to average drawdown | 12.18 | 16.76 | -4.58 |
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 | XEMD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.77 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.58 | -0.22 |
Drawdowns
FLXE.DE vs. XEMD.DE - Drawdown Comparison
The maximum FLXE.DE drawdown since its inception was -32.87%, which is greater than XEMD.DE's maximum drawdown of -23.50%. Use the drawdown chart below to compare losses from any high point for FLXE.DE and XEMD.DE.
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Drawdown Indicators
| FLXE.DE | XEMD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.87% | -23.50% | -9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -10.72% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -19.19% | +5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | — | — |
Current DrawdownCurrent decline from peak | -1.81% | -2.54% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -9.22% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.95% | -0.48% |
Volatility
FLXE.DE vs. XEMD.DE - Volatility Comparison
The current volatility for Franklin Emerging Markets UCITS ETF (FLXE.DE) is 5.11%, while Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.DE) has a volatility of 7.39%. This indicates that FLXE.DE experiences smaller price fluctuations and is considered to be less risky than XEMD.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 | XEMD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 7.39% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 15.08% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.04% | 17.84% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 16.76% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 16.76% | -0.70% |
FLXE.DE vs. XEMD.DE - Expense Ratio Comparison
FLXE.DE has a 0.45% expense ratio, which is higher than XEMD.DE's 0.18% expense ratio.
Dividends
FLXE.DE vs. XEMD.DE - Dividend Comparison
FLXE.DE has not paid dividends to shareholders, while XEMD.DE's dividend yield for the trailing twelve months is around 1.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FLXE.DE Franklin Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 1.55% | 1.92% | 3.01% | 2.38% | 2.66% |
Frequently Asked Questions
FLXE.DE and XEMD.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEMD.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEMD.DE is cheaper with a 0.18% 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 Xtrackers. Their fees differ too: 0.45% for FLXE.DE and 0.18% for XEMD.DE.
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