FLXU.DE vs. FLXE.DE
FLXU.DE (Franklin U.S. Equity UCITS ETF) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both exchange-traded funds - FLXU.DE is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while FLXE.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, FLXU.DE returned 13.12%/yr vs 7.69%/yr for FLXE.DE. A 0.55 correlation means they provide meaningful diversification when combined. FLXU.DE charges 0.25%/yr vs 0.45%/yr for FLXE.DE.
Performance
FLXU.DE vs. FLXE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXU.DE achieves a 12.87% return, which is significantly lower than FLXE.DE's 16.10% return.
FLXU.DE
- 1D
- -0.15%
- 1M
- 4.09%
- YTD
- 12.87%
- 6M
- 12.35%
- 1Y
- 26.95%
- 3Y*
- 15.56%
- 5Y*
- 13.12%
- 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*
- —
FLXU.DE vs. FLXE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLXU.DE Franklin U.S. Equity UCITS ETF | 12.87% | 8.49% | 16.79% | 11.05% | -3.81% | 38.42% | -0.68% | 31.79% | 1.30% | 5.23% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 16.09% | -8.15% | 15.51% | -7.66% | 2.87% |
Correlation
The correlation between FLXU.DE and FLXE.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.55 |
The correlation between FLXU.DE and FLXE.DE shifts across timeframes, from 0.47 (5 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLXU.DE vs. FLXE.DE — Risk / Return Rank
FLXU.DE
FLXE.DE
FLXU.DE vs. FLXE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Equity UCITS ETF (FLXU.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.
| FLXU.DE | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 3.58 | +1.12 |
| Martin ratioReturn relative to average drawdown | 17.09 | 12.18 | +4.91 |
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
| FLXU.DE | FLXE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.30 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.56 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.36 | +0.54 |
Drawdowns
FLXU.DE vs. FLXE.DE - Drawdown Comparison
The maximum FLXU.DE drawdown since its inception was -32.92%, roughly equal to the maximum FLXE.DE drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for FLXU.DE and FLXE.DE.
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Drawdown Indicators
| FLXU.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.92% | -32.87% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -8.39% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -14.16% | -8.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.04% | -18.56% | -4.48% |
Current DrawdownCurrent decline from peak | -0.15% | -1.81% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -7.16% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.47% | -0.88% |
Volatility
FLXU.DE vs. FLXE.DE - Volatility Comparison
The current volatility for Franklin U.S. Equity UCITS ETF (FLXU.DE) is 3.43%, while Franklin Emerging Markets UCITS ETF (FLXE.DE) has a volatility of 5.11%. This indicates that FLXU.DE experiences smaller price fluctuations and is considered to be less risky 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
| FLXU.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 5.11% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 10.96% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 13.04% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 13.69% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 16.06% | -0.58% |
FLXU.DE vs. FLXE.DE - Expense Ratio Comparison
FLXU.DE has a 0.25% expense ratio, which is lower than FLXE.DE's 0.45% expense ratio.
Dividends
FLXU.DE vs. FLXE.DE - Dividend Comparison
Neither FLXU.DE nor FLXE.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXU.DE and FLXE.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXU.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXU.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for FLXE.DE.
FLXU.DE is categorized as Large Cap Blend Equities, while FLXE.DE is Emerging Markets Equities. FLXU.DE tracks Russell 1000 TR USD, while FLXE.DE tracks MSCI EM NR USD. Their fees differ too: 0.25% for FLXU.DE and 0.45% for FLXE.DE.
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