FVEM.DE vs. FLXC.DE
FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) and FLXC.DE (Franklin FTSE China UCITS ETF) are both exchange-traded funds - FVEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Climate Paris Aligned, while FLXC.DE is a China Equities fund tracking the FTSE China 30/18 Capped. Both are passively managed. Over the past 3 years, FVEM.DE returned 18.13%/yr vs 7.94%/yr for FLXC.DE. A 0.70 correlation means they provide meaningful diversification when combined. FVEM.DE charges 0.18%/yr vs 0.19%/yr for FLXC.DE.
Performance
FVEM.DE vs. FLXC.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 FLXC.DE's -5.94% return.
FVEM.DE
- 1D
- -1.33%
- 1M
- 4.58%
- YTD
- 25.43%
- 6M
- 27.21%
- 1Y
- 47.18%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
FLXC.DE
- 1D
- -0.40%
- 1M
- -2.37%
- YTD
- -5.94%
- 6M
- -7.13%
- 1Y
- 4.76%
- 3Y*
- 7.94%
- 5Y*
- -3.95%
- 10Y*
- —
FVEM.DE vs. FLXC.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% |
FLXC.DE Franklin FTSE China UCITS ETF | -5.94% | 17.34% | 27.28% | -14.52% |
Correlation
The correlation between FVEM.DE and FLXC.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.70 |
The correlation between FVEM.DE and FLXC.DE has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
FVEM.DE vs. FLXC.DE — Risk / Return Rank
FVEM.DE
FLXC.DE
FVEM.DE vs. FLXC.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 FTSE China UCITS ETF (FLXC.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 | FLXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.06 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 0.31 | +4.11 |
| Martin ratioReturn relative to average drawdown | 16.79 | 0.64 | +16.15 |
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 | FLXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 0.27 | +2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.09 | +0.98 |
Drawdowns
FVEM.DE vs. FLXC.DE - Drawdown Comparison
The maximum FVEM.DE drawdown since its inception was -18.76%, smaller than the maximum FLXC.DE drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for FVEM.DE and FLXC.DE.
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Drawdown Indicators
| FVEM.DE | FLXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -55.61% | +36.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -15.19% | +4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -24.70% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.07% | — |
Current DrawdownCurrent decline from peak | -2.08% | -30.89% | +28.81% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -27.95% | +24.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 7.38% | -4.58% |
Volatility
FVEM.DE vs. FLXC.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 Franklin FTSE China UCITS ETF (FLXC.DE) at 6.78%. This indicates that FVEM.DE's price experiences larger fluctuations and is considered to be riskier than FLXC.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 | FLXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 6.78% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 12.35% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 17.78% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 26.71% | -10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 26.20% | -10.16% |
FVEM.DE vs. FLXC.DE - Expense Ratio Comparison
FVEM.DE has a 0.18% expense ratio, which is lower than FLXC.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FVEM.DE vs. FLXC.DE - Dividend Comparison
Neither FVEM.DE nor FLXC.DE has paid dividends to shareholders.
Frequently Asked Questions
FVEM.DE and FLXC.DE have a correlation of 0.64, 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 0.19% for FLXC.DE.
FVEM.DE is categorized as Emerging Markets Equities, while FLXC.DE is China Equities. FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned, while FLXC.DE tracks FTSE China 30/18 Capped. Their fees differ too: 0.18% for FVEM.DE and 0.19% for FLXC.DE.
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