SAEM.L vs. FLXK.L
SAEM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Acc)) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - SAEM.L tracks the iShares MSCI EM IMI Screened UCITS ETF USD (Acc) while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, SAEM.L returned 6.59%/yr vs 15.67%/yr for FLXK.L. A 0.79 correlation means they provide meaningful diversification when combined. SAEM.L charges 0.18%/yr vs 0.09%/yr for FLXK.L.
Performance
SAEM.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, SAEM.L achieves a 17.34% return, which is significantly lower than FLXK.L's 75.46% return.
SAEM.L
- 1D
- -1.24%
- 1M
- -7.79%
- 6M
- 11.92%
- YTD
- 17.34%
- 1Y
- 33.01%
- 3Y*
- 19.20%
- 5Y*
- 6.59%
- 10Y*
- —
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
SAEM.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SAEM.L iShares MSCI EM IMI Screened UCITS ETF USD (Acc) | 17.34% | 33.03% | 7.25% | 10.56% | -20.46% | -1.52% | 19.84% | 11.93% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -6.85% | 47.31% | 13.27% |
Correlation
The correlation between SAEM.L and FLXK.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.79 |
The correlation between SAEM.L and FLXK.L has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
SAEM.L vs. FLXK.L — Risk / Return Rank
SAEM.L
FLXK.L
SAEM.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.L) and Franklin FTSE Korea UCITS ETF (FLXK.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SAEM.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.47 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 5.86 | -3.43 |
| Martin ratioReturn relative to average drawdown | 7.82 | 18.40 | -10.58 |
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Drawdowns
SAEM.L vs. FLXK.L - Drawdown Comparison
The maximum SAEM.L drawdown since its inception was -38.77%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for SAEM.L and FLXK.L.
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Drawdown Indicators
| SAEM.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -49.43% | +10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -24.10% | +10.69% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -28.54% | +11.18% |
Max Drawdown (5Y)Largest decline over 5 years | -34.85% | -47.00% | +12.15% |
Current DrawdownCurrent decline from peak | -9.43% | -24.10% | +14.67% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -20.23% | +7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 7.70% | -3.51% |
Volatility
SAEM.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.L) is 9.20%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that SAEM.L experiences smaller price fluctuations and is considered to be less risky than FLXK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAEM.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 19.75% | -10.55% |
Volatility (6M)Calculated over the trailing 6-month period | 19.67% | 41.53% | -21.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 45.08% | -23.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 29.63% | -10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 29.61% | -9.09% |
SAEM.L vs. FLXK.L - Expense Ratio Comparison
SAEM.L has a 0.18% expense ratio, which is higher than FLXK.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SAEM.L vs. FLXK.L - Dividend Comparison
Neither SAEM.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
SAEM.L and FLXK.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.18% for SAEM.L.
SAEM.L tracks iShares MSCI EM IMI Screened UCITS ETF USD (Acc), while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.18% for SAEM.L and 0.09% for FLXK.L.
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