FVEM.DE vs. EUNI.DE
FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) and EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) are both Emerging Markets Equities funds - FVEM.DE tracks the MSCI Emerging Markets Climate Paris Aligned while EUNI.DE tracks the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 3 years, FVEM.DE returned 18.13%/yr vs 13.85%/yr for EUNI.DE. A 0.72 correlation means they provide meaningful diversification when combined. FVEM.DE charges 0.18%/yr vs 0.74%/yr for EUNI.DE.
Performance
FVEM.DE vs. EUNI.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 higher than EUNI.DE's 16.80% return.
FVEM.DE
- 1D
- -1.33%
- 1M
- 4.58%
- YTD
- 25.43%
- 6M
- 27.21%
- 1Y
- 47.18%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
EUNI.DE
- 1D
- -0.41%
- 1M
- 0.36%
- YTD
- 16.80%
- 6M
- 16.35%
- 1Y
- 25.77%
- 3Y*
- 13.85%
- 5Y*
- 7.89%
- 10Y*
- 8.99%
FVEM.DE vs. EUNI.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% | 0.60% |
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 15.67% |
Correlation
The correlation between FVEM.DE and EUNI.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.72 |
The correlation between FVEM.DE and EUNI.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
FVEM.DE vs. EUNI.DE — Risk / Return Rank
FVEM.DE
EUNI.DE
FVEM.DE vs. EUNI.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 Emerging Markets Small Cap UCITS ETF (EUNI.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 | EUNI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.28 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.23 | +1.20 |
| Martin ratioReturn relative to average drawdown | 16.79 | 10.53 | +6.27 |
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 | EUNI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 1.56 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.41 | +0.67 |
Drawdowns
FVEM.DE vs. EUNI.DE - Drawdown Comparison
The maximum FVEM.DE drawdown since its inception was -18.76%, smaller than the maximum EUNI.DE drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for FVEM.DE and EUNI.DE.
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Drawdown Indicators
| FVEM.DE | EUNI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -41.89% | +23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -7.95% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -21.15% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.89% | — |
Current DrawdownCurrent decline from peak | -2.08% | -2.54% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -10.57% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.44% | +0.36% |
Volatility
FVEM.DE vs. EUNI.DE - Volatility Comparison
Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) has a higher volatility of 7.26% compared to iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) at 6.91%. This indicates that FVEM.DE's price experiences larger fluctuations and is considered to be riskier than EUNI.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 | EUNI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 6.91% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 14.01% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 16.45% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 15.21% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 16.84% | -0.80% |
FVEM.DE vs. EUNI.DE - Expense Ratio Comparison
FVEM.DE has a 0.18% expense ratio, which is lower than EUNI.DE's 0.74% expense ratio.
Dividends
FVEM.DE vs. EUNI.DE - Dividend Comparison
FVEM.DE has not paid dividends to shareholders, while EUNI.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 0.81% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
FVEM.DE Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FVEM.DE and EUNI.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVEM.DE is cheaper with a 0.18% expense ratio, compared with 0.74% for EUNI.DE.
FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned, while EUNI.DE tracks MSCI Emerging Markets Small Cap. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.18% for FVEM.DE and 0.74% for EUNI.DE.
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