FVEM.DE vs. VFEA.DE

Last updated Jun 5, 2026

FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) and VFEA.DE (Vanguard FTSE Emerging Markets UCITS ETF Acc) are both Emerging Markets Equities funds - FVEM.DE tracks the MSCI Emerging Markets Climate Paris Aligned while VFEA.DE tracks the FTSE Emerging. Both are passively managed. Over the past 3 years, FVEM.DE returned 18.13%/yr vs 15.02%/yr for VFEA.DE. Their correlation of 0.90 suggests significant overlap in exposure. FVEM.DE charges 0.18%/yr vs 0.22%/yr for VFEA.DE.

Performance

FVEM.DE vs. VFEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) and Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVEM.DE achieves a 25.43% return, which is significantly higher than VFEA.DE's 12.59% return.

FVEM.DE

• 1D: -1.33%
• 1M: 4.58%
• YTD: 25.43%
• 6M: 27.21%
• 1Y: 47.18%
• 3Y*: 18.13%
• 5Y*: —
• 10Y*: —

VFEA.DE

• 1D: -0.47%
• 1M: 2.09%
• YTD: 12.59%
• 6M: 13.26%
• 1Y: 26.84%
• 3Y*: 15.02%
• 5Y*: 5.93%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FVEM.DE vs. VFEA.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%
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF Acc	12.59%	11.25%	19.29%	3.71%

Correlation

The correlation between FVEM.DE and VFEA.DE is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023	0.90

The correlation between FVEM.DE and VFEA.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

FVEM.DE vs. VFEA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FVEM.DE

FVEM.DE Risk / Return Rank: 83
FVEM.DE Sharpe Ratio Rank: 83
FVEM.DE Sortino Ratio Rank: 82
FVEM.DE Omega Ratio Rank: 81
FVEM.DE Calmar Ratio Rank: 84
FVEM.DE Martin Ratio Rank: 84

VFEA.DE

VFEA.DE Risk / Return Rank: 58
VFEA.DE Sharpe Ratio Rank: 54
VFEA.DE Sortino Ratio Rank: 55
VFEA.DE Omega Ratio Rank: 53
VFEA.DE Calmar Ratio Rank: 65
VFEA.DE Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FVEM.DE vs. VFEA.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 Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.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	VFEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.66	1.82	+0.84
Sortino ratio: Return per unit of downside risk	3.59	2.60	+0.99
Omega ratio: Gain probability vs. loss probability	1.47	1.33	+0.15
Calmar ratio: Return relative to maximum drawdown	4.42	3.17	+1.26
Martin ratio: Return relative to average drawdown	16.79	10.71	+6.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVEM.DE vs. VFEA.DE - Sharpe Ratio Comparison

The current FVEM.DE Sharpe Ratio is 2.66, which is higher than the VFEA.DE Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FVEM.DE and VFEA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FVEM.DE	VFEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	1.82	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.43	+0.64

Drawdowns

FVEM.DE vs. VFEA.DE - Drawdown Comparison

The maximum FVEM.DE drawdown since its inception was -18.76%, smaller than the maximum VFEA.DE drawdown of -30.51%. Use the drawdown chart below to compare losses from any high point for FVEM.DE and VFEA.DE.

Drawdown Indicators

	FVEM.DE	VFEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-18.76%	-30.51%	+11.75%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-8.44%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-18.97%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.99%	—
Current Drawdown Current decline from peak	-2.08%	-1.85%	-0.23%
Average Drawdown Average peak-to-trough decline	-3.46%	-8.59%	+5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.50%	+0.30%

Volatility

FVEM.DE vs. VFEA.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 Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) at 5.45%. This indicates that FVEM.DE's price experiences larger fluctuations and is considered to be riskier than VFEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVEM.DE	VFEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	5.45%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	11.82%	+3.00%
Volatility (1Y) Calculated over the trailing 1-year period	17.67%	14.70%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	15.69%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.04%	18.20%	-2.16%

FVEM.DE vs. VFEA.DE - Expense Ratio Comparison

FVEM.DE has a 0.18% expense ratio, which is lower than VFEA.DE's 0.22% 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. VFEA.DE - Dividend Comparison

Neither FVEM.DE nor VFEA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FVEM.DE and VFEA.DE in my portfolio?

With a correlation of 0.91, FVEM.DE and VFEA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FVEM.DE or VFEA.DE?

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.

Which ETF is cheaper, FVEM.DE or VFEA.DE?

FVEM.DE is cheaper with a 0.18% expense ratio, compared with 0.22% for VFEA.DE.

What is the main difference between FVEM.DE and VFEA.DE?

FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned, while VFEA.DE tracks FTSE Emerging. They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.18% for FVEM.DE and 0.22% for VFEA.DE.