FVEM.DE vs. FLRA.DE
FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) and FLRA.DE (Franklin Metaverse UCITS ETF USD Capitalisation) are both exchange-traded funds - FVEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Climate Paris Aligned, while FLRA.DE is a Technology Equities fund tracking the Solactive Global Metaverse Innovation. Both are passively managed. Over the past 3 years, FVEM.DE returned 18.13%/yr vs 26.58%/yr for FLRA.DE. A 0.61 correlation means they provide meaningful diversification when combined. FVEM.DE charges 0.18%/yr vs 0.30%/yr for FLRA.DE.
Performance
FVEM.DE vs. FLRA.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 FLRA.DE's 19.68% return.
FVEM.DE
- 1D
- -1.33%
- 1M
- 4.58%
- YTD
- 25.43%
- 6M
- 27.21%
- 1Y
- 47.18%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
FLRA.DE
- 1D
- -1.45%
- 1M
- 16.33%
- YTD
- 19.68%
- 6M
- 14.77%
- 1Y
- 38.95%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
FVEM.DE vs. FLRA.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% |
FLRA.DE Franklin Metaverse UCITS ETF USD Capitalisation | 19.68% | 5.59% | 27.26% | 48.24% |
Correlation
The correlation between FVEM.DE and FLRA.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.61 |
The correlation between FVEM.DE and FLRA.DE has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.
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Return for Risk
FVEM.DE vs. FLRA.DE — Risk / Return Rank
FVEM.DE
FLRA.DE
FVEM.DE vs. FLRA.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 Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.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 | FLRA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.26 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 1.33 | +3.09 |
| Martin ratioReturn relative to average drawdown | 16.79 | 3.01 | +13.79 |
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 | FLRA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 1.51 | +1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.82 | +0.25 |
Drawdowns
FVEM.DE vs. FLRA.DE - Drawdown Comparison
The maximum FVEM.DE drawdown since its inception was -18.76%, smaller than the maximum FLRA.DE drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for FVEM.DE and FLRA.DE.
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Drawdown Indicators
| FVEM.DE | FLRA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -34.22% | +15.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -29.17% | +18.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -34.22% | +15.46% |
Current DrawdownCurrent decline from peak | -2.08% | -2.92% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -9.83% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 12.91% | -10.11% |
Volatility
FVEM.DE vs. FLRA.DE - Volatility Comparison
The current volatility for Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) is 7.26%, while Franklin Metaverse UCITS ETF USD Capitalisation (FLRA.DE) has a volatility of 8.80%. This indicates that FVEM.DE experiences smaller price fluctuations and is considered to be less risky than FLRA.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 | FLRA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 8.80% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 18.60% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 25.70% | -8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 27.73% | -11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 27.73% | -11.69% |
FVEM.DE vs. FLRA.DE - Expense Ratio Comparison
FVEM.DE has a 0.18% expense ratio, which is lower than FLRA.DE's 0.30% expense ratio.
Dividends
FVEM.DE vs. FLRA.DE - Dividend Comparison
Neither FVEM.DE nor FLRA.DE has paid dividends to shareholders.
Frequently Asked Questions
FVEM.DE and FLRA.DE have a correlation of 0.71, 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 0.30% for FLRA.DE.
FVEM.DE is categorized as Emerging Markets Equities, while FLRA.DE is Technology Equities. FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned, while FLRA.DE tracks Solactive Global Metaverse Innovation. Their fees differ too: 0.18% for FVEM.DE and 0.30% for FLRA.DE.
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