FLXK.DE vs. FLXE.DE
FLXK.DE (Franklin FTSE Korea UCITS ETF) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both exchange-traded funds - FLXK.DE is a Asia Pacific Equities fund tracking the FTSE Korea 30/18 Capped, while FLXE.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, FLXK.DE returned 20.42%/yr vs 7.69%/yr for FLXE.DE. A 0.68 correlation means they provide meaningful diversification when combined. FLXK.DE charges 0.09%/yr vs 0.45%/yr for FLXE.DE.
Performance
FLXK.DE vs. FLXE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXK.DE achieves a 113.07% return, which is significantly higher than FLXE.DE's 16.10% return.
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
- 1D
- -0.62%
- 1M
- 0.38%
- YTD
- 16.10%
- 6M
- 15.79%
- 1Y
- 29.88%
- 3Y*
- 15.92%
- 5Y*
- 7.69%
- 10Y*
- —
FLXK.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLXK.DE Franklin FTSE Korea UCITS ETF | 113.07% | 73.17% | -17.06% | 16.74% | -23.45% | 0.14% | 34.15% | 14.19% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 16.09% | -8.15% | 10.08% |
Correlation
The correlation between FLXK.DE and FLXE.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 FLXK.DE and FLXE.DE has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
FLXK.DE vs. FLXE.DE — Risk / Return Rank
FLXK.DE
FLXE.DE
FLXK.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Korea UCITS ETF (FLXK.DE) and Franklin Emerging Markets UCITS ETF (FLXE.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.
| FLXK.DE | FLXE.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 | 1.79 | 1.42 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 10.68 | 3.58 | +7.10 |
| Martin ratioReturn relative to average drawdown | 38.63 | 12.18 | +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. | |||
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Sharpe Ratios by Period
| FLXK.DE | FLXE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.91 | 2.30 | +3.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.56 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.36 | +0.48 |
Drawdowns
FLXK.DE vs. FLXE.DE - Drawdown Comparison
The maximum FLXK.DE drawdown since its inception was -39.43%, which is greater than FLXE.DE's maximum drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for FLXK.DE and FLXE.DE.
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Drawdown Indicators
| FLXK.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.43% | -32.87% | -6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.92% | -8.39% | -12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -29.99% | -14.16% | -15.83% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -18.56% | -20.80% |
Current DrawdownCurrent decline from peak | -5.90% | -1.81% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -15.54% | -7.16% | -8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 2.47% | +3.33% |
Volatility
FLXK.DE vs. FLXE.DE - Volatility Comparison
Franklin FTSE Korea UCITS ETF (FLXK.DE) has a higher volatility of 17.58% compared to Franklin Emerging Markets UCITS ETF (FLXE.DE) at 5.11%. This indicates that FLXK.DE's price experiences larger fluctuations and is considered to be riskier than FLXE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXK.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.58% | 5.11% | +12.47% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 10.96% | +22.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.87% | 13.04% | +24.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 13.69% | +11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.75% | 16.06% | +10.69% |
FLXK.DE vs. FLXE.DE - Expense Ratio Comparison
FLXK.DE has a 0.09% expense ratio, which is lower than FLXE.DE's 0.45% expense ratio.
Dividends
FLXK.DE vs. FLXE.DE - Dividend Comparison
Neither FLXK.DE nor FLXE.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXK.DE and FLXE.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.
FLXK.DE is categorized as Asia Pacific Equities, while FLXE.DE is Emerging Markets Equities. FLXK.DE tracks FTSE Korea 30/18 Capped, while FLXE.DE tracks MSCI EM NR USD. Their fees differ too: 0.09% for FLXK.DE and 0.45% for FLXE.DE.
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