FLAX vs QEMM
Comparison between FRANKLIN FTSE ASIA EX JAPAN ETF (FLAX, ETF) and STATE STREET(R) SPDR(R) MSCI EMERGING MARKETS STRATEGICFACTORS(SM) ETF (QEMM, ETF).
5-Year PerformanceQEMM has outperformed FLAX, delivering a return of +6.2% compared to +6.2%
FLAX vs QEMM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FLAX
$47M
Winner
QEMM
$47M
Expense Ratio
Winner
FLAX
0.19%
QEMM
0.30%
Max Drawdown
FLAX
44.11%
Winner
QEMM
40.48%
Sharpe Ratio
Winner
FLAX
1.75
QEMM
1.57
5Y Beta
FLAX
0.79
Winner
QEMM
0.70
5Y Dividends CAGR
Winner
FLAX
19.36%
QEMM
16.78%
FLAX vs QEMM - Holdings Comparison
FLAX and QEMM have 5 common holdings. Overlap is 0.71%
FLAX's top 25 holdings weight is 45.60%. QEMM's top 25 holdings weight is 37.23%.
| Rank | FLAX | QEMM |
|---|---|---|
| #1 | n/a (n/a) - 14.42% | RUSSIAN RUBLE (n/a) - 6.68% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 7.33% | n/a (n/a) - 6.38% |
| #3 | SK HYNIX INC (n/a) - 5.53% | SAMSUNG ELECTRONICS CO LTD (n/a) - 3.21% |
| #4 | TENCENT HOLDINGS LTD (n/a) - 3.00% | MEDIATEK INC (n/a) - 3.18% |
| #5 | n/a (n/a) - 2.53% | DELTA ELECTRONICS INC (n/a) - 2.64% |
| #6 | MEDIATEK INC (n/a) - 1.43% | SK HYNIX INC (n/a) - 1.52% |
| #7 | DELTA ELECTRONICS INC (n/a) - 1.11% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.29% |
| #8 | AIA GROUP LTD (n/a) - 0.96% | PDD HOLDINGS INC ADR (PDD) - 1.18% |
| #9 | n/a (n/a) - 0.84% | SAUDI ARABIAN OIL CO (n/a) - 1.09% |
| #10 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.83% | n/a (n/a) - 0.97% |
| #11 | RELIANCE INDUSTRIES LTD (n/a) - 0.81% | BANK OF CHINA LTD CLASS H (n/a) - 0.91% |
| #12 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.79% | ELITE MATERIAL CO LTD (n/a) - 0.85% |
| #13 | DBS GROUP HOLDINGS LTD (n/a) - 0.78% | CHROMA ATE INC (n/a) - 0.82% |
| #14 | HDFC BANK LTD (n/a) - 0.74% | n/a (n/a) - 0.80% |
| #15 | n/a (n/a) - 0.65% | ACCTON TECHNOLOGY CORP (n/a) - 0.75% |
| #16 | PDD HOLDINGS INC ADR (PDD) - 0.61% | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.72% |
| #17 | XIAOMI CORP CLASS B (n/a) - 0.58% | GOLD FIELDS LTD (n/a) - 0.72% |
| #18 | ICICI BANK LTD (n/a) - 0.57% | TATA CONSULTANCY SERVICES LTD (n/a) - 0.69% |
| #19 | SK SQUARE (n/a) - 0.56% | NETEASE INC ORDINARY SHARES (n/a) - 0.64% |
| #20 | HONG KONG EXCHANGES AND CLEARING LTD (n/a) - 0.53% | UNITED MICROELECTRONICS CORP (n/a) - 0.62% |
| #21 | SUN HUNG KAI PROPERTIES LTD (n/a) - 0.21% | PETROLEO BRASILEIRO SA PETROBRAS ADR (PBR-A) - 0.39% |
| #22 | TATA CONSULTANCY SERVICES LTD (n/a) - 0.20% | HDFC BANK LTD (n/a) - 0.30% |
| #23 | AGRICULTURAL BANK OF CHINA LTD CLASS H (n/a) - 0.20% | GLOBAL UNICHIP CORP (n/a) - 0.30% |
| #24 | POSCO HOLDINGS INC (n/a) - 0.20% | WAL MART DE MEXICO SAB DE CV (n/a) - 0.29% |
| #25 | CATHAY FINANCIAL HOLDING CO LTD (n/a) - 0.19% | NAURA TECHNOLOGY GROUP CO LTD CLASS A (n/a) - 0.29% |
| Total Holdings | 1490 | 811 |
FLAX vs QEMM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FLAX
-0.56%
QEMM
-0.59%
3M
Winner
FLAX
+13.18%
QEMM
+11.64%
6M
Winner
FLAX
+20.78%
QEMM
+18.66%
1Y
Winner
FLAX
+43.55%
QEMM
+33.73%
5Y(CAGR)
FLAX
+6.20%
Winner
QEMM
+6.25%
10Y(CAGR)
FLAX
+7.77%
Winner
QEMM
+8.28%
Max(CAGR)
Winner
FLAX
+7.77%
QEMM
+5.34%
FLAX vs QEMM - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | FLAX | QEMM |
|---|---|---|
| 2026 | +16.08% | +15.93% |
| 2025 | +34.33% | +22.49% |
| 2024 | +11.69% | +6.40% |
| 2023 | +4.95% | +11.94% |
| 2022 | -19.30% | -18.19% |
| 2021 | -4.77% | +5.34% |
| 2020 | +22.01% | +8.64% |
| 2019 | +17.90% | +14.73% |
| 2018 | -12.03% | -14.28% |
| 2017 | N/A | +30.49% |
| 2016 | N/A | +11.57% |
| 2015 | N/A | -13.07% |
| 2014 | N/A | -6.59% |
FLAX vs QEMM Drawdown Comparison
The maximum drawdown for FLAX was -42.50%, occurring on Oct 24, 2022. Recovery took 1147 trading sessions.
The maximum drawdown for QEMM was -36.89%, occurring on Mar 23, 2020. Recovery took 735 trading sessions.
The current FLAX drawdown is -8.86%. The current QEMM drawdown is -6.27%.
| Rank | FLAX | QEMM |
|---|---|---|
| #1 | -42.50% Feb 17, 2021 - Sep 11, 2025 | -36.89% Jan 26, 2018 - Dec 28, 2020 |
| #2 | -29.77% Mar 14, 2018 - Aug 4, 2020 | -33.19% Sep 4, 2014 - Jul 26, 2017 |
| #3 | -12.99% Feb 25, 2026 - Apr 17, 2026 | -27.55% Jun 1, 2021 - Sep 24, 2024 |
| #4 | -8.86% Jun 2, 2026 - Jun 5, 2026 | -16.98% Oct 7, 2024 - Jun 10, 2025 |
| #5 | -5.55% Jan 21, 2021 - Feb 9, 2021 | -10.40% Feb 25, 2026 - Apr 17, 2026 |
| #6 | -5.31% Aug 28, 2020 - Oct 8, 2020 | -6.41% Feb 17, 2021 - May 28, 2021 |
| #7 | -5.30% May 11, 2026 - May 26, 2026 | -6.27% Jun 2, 2026 - Jun 5, 2026 |
| #8 | -5.20% Oct 29, 2025 - Jan 2, 2026 | -5.21% May 11, 2026 - May 26, 2026 |
| #9 | -4.39% Oct 6, 2025 - Oct 20, 2025 | -4.00% Jan 21, 2021 - Feb 9, 2021 |
| #10 | -3.34% Jan 28, 2026 - Feb 10, 2026 | -3.95% Nov 11, 2025 - Jan 2, 2026 |
| #11 | -2.72% Oct 12, 2020 - Nov 4, 2020 | -3.63% Sep 17, 2025 - Oct 16, 2025 |
| #12 | -2.54% Feb 23, 2018 - Mar 13, 2018 | -3.60% Jul 23, 2025 - Aug 12, 2025 |
| #13 | -2.37% Nov 27, 2020 - Dec 3, 2020 | -3.53% Nov 22, 2017 - Dec 26, 2017 |
| #14 | -1.91% Aug 6, 2020 - Aug 17, 2020 | -3.07% Jul 28, 2014 - Aug 19, 2014 |
| #15 | -1.90% Sep 17, 2025 - Oct 1, 2025 | -2.78% Sep 19, 2017 - Oct 11, 2017 |
Correlation
Correlation between FLAX and QEMM is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2014 - 2026)
FLAX vs QEMM dividend yield comparison.
| Year | FLAX | QEMM |
|---|---|---|
| 2026 | 0.00% | 1.36% |
| 2025 | 2.37% | 4.90% |
| 2024 | 3.12% | 5.17% |
| 2023 | 2.20% | 4.88% |
| 2022 | 2.86% | 4.07% |
| 2021 | 2.38% | 2.35% |
| 2020 | 1.57% | 2.48% |
| 2019 | 2.23% | 3.05% |
| 2018 | 2.35% | 2.86% |
| 2017 | 0.00% | 2.11% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.14% |
| 2014 | 0.00% | 1.56% |
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