FLXX.L vs. FREM.L

Last updated Jul 16, 2026

FLXX.L (Franklin Global Quality Dividend UCITS ETF) and FREM.L (Franklin EM Multi-Factor Equity UCITS ETF) are both exchange-traded funds - FLXX.L is a Dividend fund tracking the Franklin Global Quality Dividend UCITS ETF, while FREM.L is a Global Equities fund tracking the Franklin EM Multi-Factor Equity UCITS ETF. Both are passively managed. Over the past 5 years, FLXX.L returned 9.89%/yr vs 7.77%/yr for FREM.L. A 0.57 correlation means they provide meaningful diversification when combined. FLXX.L charges 0.30%/yr vs 0.45%/yr for FREM.L.

Performance

FLXX.L vs. FREM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin Global Quality Dividend UCITS ETF (FLXX.L) and Franklin EM Multi-Factor Equity UCITS ETF (FREM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLXX.L is traded in GBP, while FREM.L is traded in USD. To make them comparable, the FREM.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLXX.L achieves a 11.23% return, which is significantly lower than FREM.L's 13.94% return.

FLXX.L

• 1D: -3.20%
• 1M: -0.56%
• 6M: 8.23%
• YTD: 11.23%
• 1Y: 18.11%
• 3Y*: 14.61%
• 5Y*: 9.89%
• 10Y*: —

FREM.L

• 1D: 0.35%
• 1M: -3.12%
• 6M: 9.71%
• YTD: 13.94%
• 1Y: 23.07%
• 3Y*: 16.04%
• 5Y*: 7.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLXX.L vs. FREM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLXX.L Franklin Global Quality Dividend UCITS ETF	11.23%	6.53%	17.14%	4.43%	1.45%	20.91%	1.97%	19.18%	-3.07%	0.45%
FREM.L Franklin EM Multi-Factor Equity UCITS ETF	13.94%	18.66%	8.12%	6.90%	-9.70%	8.09%	-1.10%	7.19%	-6.06%	0.87%

Correlation

The correlation between FLXX.L and FREM.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017	0.57

The correlation between FLXX.L and FREM.L shifts across timeframes, from 0.39 (3 years) to 0.57 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLXX.L vs. FREM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLXX.L

FLXX.L Risk / Return Rank: 79
FLXX.L Sharpe Ratio Rank: 80
FLXX.L Sortino Ratio Rank: 75
FLXX.L Omega Ratio Rank: 82
FLXX.L Calmar Ratio Rank: 79
FLXX.L Martin Ratio Rank: 81

FREM.L

FREM.L Risk / Return Rank: 51
FREM.L Sharpe Ratio Rank: 52
FREM.L Sortino Ratio Rank: 50
FREM.L Omega Ratio Rank: 51
FREM.L Calmar Ratio Rank: 52
FREM.L Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLXX.L vs. FREM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Global Quality Dividend UCITS ETF (FLXX.L) and Franklin EM Multi-Factor Equity UCITS ETF (FREM.L). 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.

	FLXX.L	FREM.L	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.59	+0.45
Sortino ratio: Return per unit of downside risk	2.69	2.24	+0.45
Omega ratio: Gain probability vs. loss probability	1.38	1.28	+0.10
Calmar ratio: Return relative to maximum drawdown	3.27	2.65	+0.62
Martin ratio: Return relative to average drawdown	12.26	7.86	+4.40

FLXX.L vs. FREM.L - Sharpe Ratio Comparison

The current FLXX.L Sharpe Ratio is 2.04, which is comparable to the FREM.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FLXX.L and FREM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLXX.L vs. FREM.L - Drawdown Comparison

The maximum FLXX.L drawdown since its inception was -26.51%, roughly equal to the maximum FREM.L drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for FLXX.L and FREM.L.

Drawdown Indicators

	FLXX.L	FREM.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.51%	-26.82%	+0.31%
Max Drawdown (1Y) Largest decline over 1 year	-5.74%	-8.70%	+2.96%
Max Drawdown (3Y) Largest decline over 3 years	-14.05%	-11.21%	-2.84%
Max Drawdown (5Y) Largest decline over 5 years	-14.05%	-16.92%	+2.87%
Current Drawdown Current decline from peak	-3.20%	-3.53%	+0.33%
Average Drawdown Average peak-to-trough decline	-3.39%	-6.10%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	2.94%	-1.41%

Volatility

FLXX.L vs. FREM.L - Volatility Comparison

Franklin Global Quality Dividend UCITS ETF (FLXX.L) and Franklin EM Multi-Factor Equity UCITS ETF (FREM.L) have volatilities of 4.30% and 4.12%, 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.

Volatility by Period

	FLXX.L	FREM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	4.12%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	12.47%	-4.90%
Volatility (1Y) Calculated over the trailing 1-year period	9.21%	14.52%	-5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.07%	14.19%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	16.34%	-3.28%

FLXX.L vs. FREM.L - Expense Ratio Comparison

FLXX.L has a 0.30% expense ratio, which is lower than FREM.L's 0.45% expense ratio.

Dividends

FLXX.L vs. FREM.L - Dividend Comparison

FLXX.L's dividend yield for the trailing twelve months is around 2.52%, while FREM.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLXX.L Franklin Global Quality Dividend UCITS ETF	2.52%	2.70%	2.40%	2.79%	2.97%	2.30%	2.58%	3.30%	3.23%	0.45%
FREM.L Franklin EM Multi-Factor Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLXX.L and FREM.L in my portfolio?

FLXX.L and FREM.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXX.L or FREM.L?

On fees, FLXX.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXX.L or FREM.L?

FLXX.L is cheaper with a 0.30% expense ratio, compared with 0.45% for FREM.L.

What is the main difference between FLXX.L and FREM.L?

FLXX.L is categorized as Dividend, while FREM.L is Global Equities. FLXX.L tracks Franklin Global Quality Dividend UCITS ETF, while FREM.L tracks Franklin EM Multi-Factor Equity UCITS ETF. Their fees differ too: 0.30% for FLXX.L and 0.45% for FREM.L.