FQEMX vs. GLLSX

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin Templeton SMACS: Series EM (FQEMX) and abrdn Emerging Markets ex-China Fund (GLLSX).

FQEMX is managed by Franklin Templeton. It was launched on Nov 21, 2021. GLLSX is managed by Aberdeen. It was launched on Aug 29, 2000.

Performance

FQEMX vs. GLLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Templeton SMACS: Series EM (FQEMX) and abrdn Emerging Markets ex-China Fund (GLLSX). The values are adjusted to include any dividend payments, if applicable.

FQEMX vs. GLLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FQEMX Franklin Templeton SMACS: Series EM	12.06%	55.98%	6.67%	12.18%	-20.68%	0.32%
GLLSX abrdn Emerging Markets ex-China Fund	8.83%	34.81%	0.73%	21.35%	-23.04%	17.70%

Returns By Period

In the year-to-date period, FQEMX achieves a 12.06% return, which is significantly higher than GLLSX's 8.83% return.

FQEMX

• 1D: 3.12%
• 1M: -15.56%
• YTD: 12.06%
• 6M: 27.82%
• 1Y: 70.93%
• 3Y*: 25.83%
• 5Y*: —
• 10Y*: —

GLLSX

• 1D: 3.18%
• 1M: -10.26%
• YTD: 8.83%
• 6M: 18.55%
• 1Y: 52.10%
• 3Y*: 18.93%
• 5Y*: 12.59%
• 10Y*: 11.92%

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

FQEMX vs. GLLSX - Expense Ratio Comparison

FQEMX has a 0.00% expense ratio, which is lower than GLLSX's 1.23% expense ratio.

GLLSX

abrdn Emerging Markets ex-China Fund

FQEMX

Franklin Templeton SMACS: Series EM

Return for Risk

FQEMX vs. GLLSX — Risk / Return Rank

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

FQEMX

FQEMX Risk / Return Rank: 96
FQEMX Sharpe Ratio Rank: 98
FQEMX Sortino Ratio Rank: 96
FQEMX Omega Ratio Rank: 96
FQEMX Calmar Ratio Rank: 95
FQEMX Martin Ratio Rank: 95

GLLSX

GLLSX Risk / Return Rank: 96
GLLSX Sharpe Ratio Rank: 97
GLLSX Sortino Ratio Rank: 95
GLLSX Omega Ratio Rank: 94
GLLSX Calmar Ratio Rank: 95
GLLSX Martin Ratio Rank: 96

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.

FQEMX vs. GLLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Templeton SMACS: Series EM (FQEMX) and abrdn Emerging Markets ex-China Fund (GLLSX). 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.

	FQEMX	GLLSX	Difference
Sharpe ratio Return per unit of total volatility	3.07	2.70	+0.36
Sortino ratio Return per unit of downside risk	3.44	3.29	+0.15
Omega ratio Gain probability vs. loss probability	1.55	1.50	+0.05
Calmar ratio Return relative to maximum drawdown	3.47	3.64	-0.17
Martin ratio Return relative to average drawdown	13.65	15.21	-1.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FQEMX vs. GLLSX - Sharpe Ratio Comparison

The current FQEMX Sharpe Ratio is 3.07, which is comparable to the GLLSX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of FQEMX and GLLSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FQEMX	GLLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.07	2.70	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.57	+0.06

Correlation

The correlation between FQEMX and GLLSX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FQEMX vs. GLLSX - Dividend Comparison

FQEMX's dividend yield for the trailing twelve months is around 2.84%, more than GLLSX's 1.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FQEMX Franklin Templeton SMACS: Series EM	2.84%	3.18%	3.15%	4.82%	3.93%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLLSX abrdn Emerging Markets ex-China Fund	1.72%	1.88%	0.74%	0.77%	29.32%	22.85%	0.00%	3.38%	9.47%	8.40%	1.09%	0.94%

Drawdowns

FQEMX vs. GLLSX - Drawdown Comparison

The maximum FQEMX drawdown since its inception was -34.46%, which is greater than GLLSX's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for FQEMX and GLLSX.

Drawdown Indicators

	FQEMX	GLLSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.46%	-32.59%	-1.87%
Max Drawdown (1Y) Largest decline over 1 year	-18.93%	-14.39%	-4.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.59%	—
Current Drawdown Current decline from peak	-16.40%	-11.66%	-4.74%
Average Drawdown Average peak-to-trough decline	-11.08%	-7.99%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	3.44%	+1.37%

Volatility

FQEMX vs. GLLSX - Volatility Comparison

Franklin Templeton SMACS: Series EM (FQEMX) has a higher volatility of 14.20% compared to abrdn Emerging Markets ex-China Fund (GLLSX) at 11.43%. This indicates that FQEMX's price experiences larger fluctuations and is considered to be riskier than GLLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FQEMX	GLLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.20%	11.43%	+2.77%
Volatility (6M) Calculated over the trailing 6-month period	20.17%	15.86%	+4.31%
Volatility (1Y) Calculated over the trailing 1-year period	24.14%	19.71%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	17.27%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	17.37%	+2.36%