SEDM.L vs. FLXK.L
SEDM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - SEDM.L tracks the iShares MSCI EM IMI Screened UCITS ETF USD (Dist) while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, SEDM.L returned 6.74%/yr vs 15.67%/yr for FLXK.L. Their correlation of 0.80 suggests significant overlap in exposure. SEDM.L charges 0.18%/yr vs 0.09%/yr for FLXK.L.
Performance
SEDM.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEDM.L achieves a 18.00% return, which is significantly lower than FLXK.L's 75.46% return.
SEDM.L
- 1D
- -0.77%
- 1M
- -7.30%
- 6M
- 12.55%
- YTD
- 18.00%
- 1Y
- 33.61%
- 3Y*
- 19.38%
- 5Y*
- 6.74%
- 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*
- —
SEDM.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 18.00% | 32.84% | 7.40% | 10.53% | -20.48% | -1.52% | 19.90% | 11.80% |
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 SEDM.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.80 |
The correlation between SEDM.L and FLXK.L has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
SEDM.L vs. FLXK.L — Risk / Return Rank
SEDM.L
FLXK.L
SEDM.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 (Dist) (SEDM.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.
| SEDM.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 5.86 | -3.35 |
| Martin ratioReturn relative to average drawdown | 8.04 | 18.40 | -10.36 |
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Drawdowns
SEDM.L vs. FLXK.L - Drawdown Comparison
The maximum SEDM.L drawdown since its inception was -38.83%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for SEDM.L and FLXK.L.
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Drawdown Indicators
| SEDM.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -49.43% | +10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -24.10% | +10.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -28.54% | +11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -47.00% | +12.17% |
Current DrawdownCurrent decline from peak | -8.97% | -24.10% | +15.13% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -20.23% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 7.70% | -3.53% |
Volatility
SEDM.L vs. FLXK.L - Volatility Comparison
The current volatility for iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.L) is 8.85%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that SEDM.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
| SEDM.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 19.75% | -10.90% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 41.53% | -21.93% |
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 | 18.98% | 29.63% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 29.61% | -9.42% |
SEDM.L vs. FLXK.L - Expense Ratio Comparison
SEDM.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
SEDM.L vs. FLXK.L - Dividend Comparison
SEDM.L's dividend yield for the trailing twelve months is around 1.71%, while FLXK.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FLXK.L Franklin FTSE Korea UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.71% | 1.96% | 2.37% | 2.33% | 2.56% | 1.83% | 1.51% | 2.23% |
Frequently Asked Questions
SEDM.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 SEDM.L.
SEDM.L tracks iShares MSCI EM IMI Screened UCITS ETF USD (Dist), 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 SEDM.L and 0.09% for FLXK.L.
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