UMEMX vs. FCEEX
UMEMX (Columbia Emerging Markets Fund) and FCEEX (Franklin Emerging Market Core Equity (IU) Fund Advisor) are both Emerging Markets Equities funds. Over the past 5 years, UMEMX returned 2.35%/yr vs 9.45%/yr for FCEEX. Their correlation of 0.94 means they have usually moved in the same direction. UMEMX charges 1.20%/yr vs 0.17%/yr for FCEEX.
Performance
UMEMX vs. FCEEX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with UMEMX having a 18.56% return and FCEEX slightly lower at 17.90%.
UMEMX
- 1D
- 4.62%
- 1M
- -7.46%
- 6M
- 8.22%
- YTD
- 18.56%
- 1Y
- 38.36%
- 3Y*
- 17.66%
- 5Y*
- 2.35%
- 10Y*
- 7.99%
- ALL TIME*
- 6.58%
FCEEX
- 1D
- 4.25%
- 1M
- -2.41%
- 6M
- 8.36%
- YTD
- 17.90%
- 1Y
- 35.94%
- 3Y*
- 20.78%
- 5Y*
- 9.45%
- 10Y*
- —
- ALL TIME*
- 10.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
UMEMX vs. FCEEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UMEMX Columbia Emerging Markets Fund | 18.56% | 31.14% | 6.68% | 8.89% | -33.02% | -7.30% | 33.83% | 13.27% |
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor | 17.90% | 34.81% | 10.51% | 12.52% | -16.96% | -1.29% | 10.19% | 9.77% |
Correlation
The correlation between UMEMX and FCEEX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.94 |
The correlation between UMEMX and FCEEX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
UMEMX vs. FCEEX — Risk / Return Rank
UMEMX
FCEEX
UMEMX vs. FCEEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Emerging Markets Fund (UMEMX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX). 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.
| UMEMX | FCEEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.48 | -0.67 |
| Martin ratioReturn relative to average drawdown | 6.78 | 7.86 | -1.09 |
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Drawdowns
UMEMX vs. FCEEX - Drawdown Comparison
The maximum UMEMX drawdown since its inception was -67.58%, which is greater than FCEEX's maximum drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for UMEMX and FCEEX.
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Drawdown Indicators
| UMEMX | FCEEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.58% | -34.68% | -32.90% |
Max Drawdown (1Y)Largest decline over 1 year | -19.98% | -13.53% | -6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -19.98% | -15.47% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -47.43% | -30.92% | -16.51% |
Max Drawdown (10Y)Largest decline over 10 years | -51.61% | — | — |
Current DrawdownCurrent decline from peak | -16.29% | -9.85% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -21.38% | -11.13% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 4.25% | +1.06% |
Volatility
UMEMX vs. FCEEX - Volatility Comparison
Columbia Emerging Markets Fund (UMEMX) has a higher volatility of 12.72% compared to Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) at 9.78%. This indicates that UMEMX's price experiences larger fluctuations and is considered to be riskier than FCEEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMEMX | FCEEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.72% | 9.78% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 26.14% | 20.57% | +5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.14% | 22.69% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 17.95% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 18.99% | +1.93% |
UMEMX vs. FCEEX - Expense Ratio Comparison
UMEMX has a 1.20% expense ratio, which is higher than FCEEX's 0.17% expense ratio.
Dividends
UMEMX vs. FCEEX - Dividend Comparison
UMEMX's dividend yield for the trailing twelve months is around 4.17%, more than FCEEX's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor | 3.61% | 3.29% | 4.17% | 4.36% | 4.08% | 3.38% | 2.98% | 0.40% | 0.00% | 0.00% |
UMEMX Columbia Emerging Markets Fund | 4.17% | 4.94% | 1.29% | 0.00% | 0.00% | 1.56% | 1.15% | 0.33% | 0.12% | 0.33% |
Frequently Asked Questions
With a correlation of 0.96, UMEMX and FCEEX 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.
UMEMX has higher volatility (12.72%) compared to FCEEX (9.78%). In terms of maximum drawdown, UMEMX dropped -67.58% vs FCEEX's -34.68%.
FCEEX currently has the higher Sharpe Ratio (1.48 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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