FREM.L vs. FLXI.L
FREM.L (Franklin EM Multi-Factor Equity UCITS ETF USD (Acc)) and FLXI.L (Franklin FTSE India UCITS ETF USD (Acc)) are both exchange-traded funds - FREM.L is a Emerging Markets Equities fund tracking the LibertyQ Emerging Markets Index-NR, while FLXI.L is a India Equities fund tracking the FTSE India 30/18 Capped Index - Net Return. Both are passively managed. Over the past 5 years, FREM.L returned 6.96%/yr vs 5.07%/yr for FLXI.L. A 0.59 correlation means they provide meaningful diversification when combined. FREM.L charges 0.30%/yr vs 0.19%/yr for FLXI.L.
Performance
FREM.L vs. FLXI.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FREM.L achieves a 11.87% return, which is significantly higher than FLXI.L's -8.59% return.
FREM.L
- 1D
- -0.71%
- 1M
- -3.96%
- 6M
- 7.88%
- YTD
- 11.87%
- 1Y
- 21.67%
- 3Y*
- 16.78%
- 5Y*
- 6.96%
- 10Y*
- —
FLXI.L
- 1D
- 0.24%
- 1M
- -0.91%
- 6M
- -6.45%
- YTD
- -8.59%
- 1Y
- -9.65%
- 3Y*
- 5.34%
- 5Y*
- 5.07%
- 10Y*
- —
FREM.L vs. FLXI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FREM.L Franklin EM Multi-Factor Equity UCITS ETF USD (Acc) | 11.87% | 27.77% | 6.27% | 12.53% | -19.30% | 7.08% | 1.89% | 4.51% |
FLXI.L Franklin FTSE India UCITS ETF USD (Acc) | -8.59% | 2.92% | 10.75% | 22.03% | -8.29% | 24.89% | 13.06% | -0.07% |
Correlation
The correlation between FREM.L and FLXI.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.59 |
The correlation between FREM.L and FLXI.L has been stable across timeframes, ranging from 0.49 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FREM.L vs. FLXI.L — Risk / Return Rank
FREM.L
FLXI.L
FREM.L vs. FLXI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin EM Multi-Factor Equity UCITS ETF USD (Acc) (FREM.L) and Franklin FTSE India UCITS ETF USD (Acc) (FLXI.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.
| FREM.L | FLXI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.91 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -0.53 | +2.58 |
| Martin ratioReturn relative to average drawdown | 6.30 | -1.23 | +7.53 |
Loading charts...
Drawdowns
FREM.L vs. FLXI.L - Drawdown Comparison
The maximum FREM.L drawdown since its inception was -39.05%, smaller than the maximum FLXI.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for FREM.L and FLXI.L.
Loading charts...
Drawdown Indicators
| FREM.L | FLXI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.05% | -41.86% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -18.12% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.98% | -22.99% | +10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -29.99% | -22.99% | -7.00% |
Current DrawdownCurrent decline from peak | -5.08% | -16.04% | +10.96% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -8.27% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 7.85% | -4.42% |
Volatility
FREM.L vs. FLXI.L - Volatility Comparison
Franklin EM Multi-Factor Equity UCITS ETF USD (Acc) (FREM.L) has a higher volatility of 4.29% compared to Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) at 4.00%. This indicates that FREM.L's price experiences larger fluctuations and is considered to be riskier than FLXI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FREM.L | FLXI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 4.00% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.63% | 13.99% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 16.04% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 16.71% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 21.37% | -4.43% |
FREM.L vs. FLXI.L - Expense Ratio Comparison
FREM.L has a 0.30% expense ratio, which is higher than FLXI.L's 0.19% expense ratio.
Dividends
FREM.L vs. FLXI.L - Dividend Comparison
Neither FREM.L nor FLXI.L has paid dividends to shareholders.
Frequently Asked Questions
FREM.L and FLXI.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXI.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI.L is cheaper with a 0.19% expense ratio, compared with 0.30% for FREM.L.
FREM.L is categorized as Emerging Markets Equities, while FLXI.L is India Equities. FREM.L tracks LibertyQ Emerging Markets Index-NR, while FLXI.L tracks FTSE India 30/18 Capped Index - Net Return. Their fees differ too: 0.30% for FREM.L and 0.19% for FLXI.L.
Find the right allocation for FREM.L and FLXI.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer