FLXE.DE vs. XGLF.DE
FLXE.DE (Franklin Emerging Markets UCITS ETF) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - FLXE.DE tracks the MSCI EM NR USD while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 5 years, FLXE.DE returned 8.06%/yr vs 5.40%/yr for XGLF.DE. At a 0.45 correlation, their price movements are largely independent. FLXE.DE charges 0.45%/yr vs 0.65%/yr for XGLF.DE.
Performance
FLXE.DE vs. XGLF.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 higher than XGLF.DE's 6.19% 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*
- —
XGLF.DE
- 1D
- 1.04%
- 1M
- 0.25%
- 6M
- 0.08%
- YTD
- 6.19%
- 1Y
- 4.64%
- 3Y*
- 3.71%
- 5Y*
- 5.40%
- 10Y*
- 7.56%
FLXE.DE vs. XGLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.50% | 13.48% | 13.20% | 8.79% | -14.00% | 16.06% | -8.15% | 15.56% | -7.69% | -13.90% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.19% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | 9.50% | 22.95% | 0.25% |
Correlation
The correlation between FLXE.DE and XGLF.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.45 |
The correlation between FLXE.DE and XGLF.DE shifts across timeframes, from 0.34 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLXE.DE vs. XGLF.DE — Risk / Return Rank
FLXE.DE
XGLF.DE
FLXE.DE vs. XGLF.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 GCC Select Swap UCITS ETF (Acc) (XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.07 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 0.51 | +2.58 |
| Martin ratioReturn relative to average drawdown | 9.82 | 1.11 | +8.71 |
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Drawdowns
FLXE.DE vs. XGLF.DE - Drawdown Comparison
The maximum FLXE.DE drawdown since its inception was -37.02%, smaller than the maximum XGLF.DE drawdown of -42.15%. Use the drawdown chart below to compare losses from any high point for FLXE.DE and XGLF.DE.
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Drawdown Indicators
| FLXE.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.02% | -42.15% | +5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -9.05% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -14.15% | -18.41% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -31.29% | +12.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.16% | — |
Current DrawdownCurrent decline from peak | -1.47% | -17.67% | +16.20% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -18.25% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 4.16% | -1.52% |
Volatility
FLXE.DE vs. XGLF.DE - Volatility Comparison
Franklin Emerging Markets UCITS ETF (FLXE.DE) and Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) have volatilities of 3.87% and 3.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXE.DE | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.71% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 8.99% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 12.56% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 15.36% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 18.33% | -1.43% |
FLXE.DE vs. XGLF.DE - Expense Ratio Comparison
FLXE.DE has a 0.45% expense ratio, which is lower than XGLF.DE's 0.65% expense ratio.
Dividends
FLXE.DE vs. XGLF.DE - Dividend Comparison
Neither FLXE.DE nor XGLF.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXE.DE and XGLF.DE have a correlation of 0.34, 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 0.65% for XGLF.DE.
FLXE.DE tracks MSCI EM NR USD, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. They also come from different issuers: Franklin Templeton and Xtrackers. Their fees differ too: 0.45% for FLXE.DE and 0.65% for XGLF.DE.
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