FVEM.DE vs. 84X0.DE
FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) and 84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) are both Emerging Markets Equities funds - FVEM.DE tracks the MSCI Emerging Markets Climate Paris Aligned while 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net). Both are passively managed. Over the past year, FVEM.DE returned 47.18% vs 68.88% for 84X0.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
FVEM.DE vs. 84X0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FVEM.DE achieves a 25.43% return, which is significantly lower than 84X0.DE's 40.37% return.
FVEM.DE
- 1D
- -1.33%
- 1M
- 4.58%
- YTD
- 25.43%
- 6M
- 27.21%
- 1Y
- 47.18%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
84X0.DE
- 1D
- -1.73%
- 1M
- 8.33%
- YTD
- 40.37%
- 6M
- 44.02%
- 1Y
- 68.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FVEM.DE vs. 84X0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FVEM.DE Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation | 25.43% | 17.23% | 13.32% | 3.64% |
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
Correlation
The correlation between FVEM.DE and 84X0.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.84 |
The correlation between FVEM.DE and 84X0.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
FVEM.DE vs. 84X0.DE — Risk / Return Rank
FVEM.DE
84X0.DE
FVEM.DE vs. 84X0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) and iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.
| FVEM.DE | 84X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.64 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 5.88 | -1.45 |
| Martin ratioReturn relative to average drawdown | 16.79 | 21.92 | -5.13 |
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
| FVEM.DE | 84X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 3.52 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.77 | -0.69 |
Drawdowns
FVEM.DE vs. 84X0.DE - Drawdown Comparison
The maximum FVEM.DE drawdown since its inception was -18.76%, roughly equal to the maximum 84X0.DE drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FVEM.DE and 84X0.DE.
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Drawdown Indicators
| FVEM.DE | 84X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -19.72% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -11.66% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -2.49% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -2.70% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.13% | -0.33% |
Volatility
FVEM.DE vs. 84X0.DE - Volatility Comparison
The current volatility for Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) is 7.26%, while iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a volatility of 8.41%. This indicates that FVEM.DE experiences smaller price fluctuations and is considered to be less risky than 84X0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVEM.DE | 84X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 8.41% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 16.93% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 19.46% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 17.11% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 17.11% | -1.07% |
FVEM.DE vs. 84X0.DE - Expense Ratio Comparison
Both FVEM.DE and 84X0.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FVEM.DE vs. 84X0.DE - Dividend Comparison
Neither FVEM.DE nor 84X0.DE has paid dividends to shareholders.
Frequently Asked Questions
FVEM.DE and 84X0.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FVEM.DE and 84X0.DE have the same expense ratio: 0.18% per year.
FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned, while 84X0.DE tracks MSCI Emerging Markets ex China Index (Net). They also come from different issuers: Franklin Templeton and iShares.
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