Franklin LibertyQ Emerging Markets ETF (DIEM) Performance
DIEM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.1% since Dec 31, 2025
- 1 year
- +25.1% total return
- 5 years
- +10.3% a year
- 10 years
- +8.0% a year
- Since first price
- +8.4% a year since 2016
DIEM trailing returns vs SPY, QQQ, AGG
| Period | DIEM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.2% | −7.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.0% | −2.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.2% | +4.4% | +7.8% | +8.4% | −1.5% |
| YTD | +22.1% | +19.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +25.1% | +21.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +101.2%+26.2%/yr | +80.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +63.6%+10.3%/yr | +28.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +114.9%+8.0%/yr | +43.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJun 3, 2016 | +130.1%+8.4%/yr | +53.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DIEM vs SPY
From Jun 3, 2016: DIEM grew to $23,013, SPY to $42,755.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DIEM returns by calendar year
7 of 9 full years positive. Best 2025 (+30.8%), worst 2022 (−20.6%). 2026 is year to date.
DIEM annual returns table
| Year | DIEM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.1% | −13.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.8% | −13.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.3% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.4% | −10.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −20.6% | −33.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.9% | −8.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +1.3% | −34.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +12.2% | −9.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.3% | −20.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +27.6% | −3.3% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DIEM largest drawdowns
Now 10.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −38.6% | Mar 23, 2020 | Feb 11, 2021 | 2.2 years | 3.0 years |
| Feb 16, 2022 | −33.3% | Oct 24, 2022 | Jul 12, 2024 | 8 months | 2.4 years |
| Oct 7, 2024 | −16.8% | Apr 8, 2025 | Jun 5, 2025 | 6 months | 8 months |
| Jun 22, 2026 | −13.6% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Feb 25, 2026 | −12.3% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
| Aug 15, 2016 | −10.7% | Nov 11, 2016 | Feb 15, 2017 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DIEM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2016 |
|---|---|---|---|---|
| Annualized return | +27.7% | +12.2% | +8.5% | +8.9% |
| Volatility (annualized) | 14.2% | 17.3% | 15.9% | 15.8% |
| Sharpe ratio | 1.50 | 0.55 | 0.45 | 0.48 |
| Sortino ratio | 3.11 | 0.94 | 0.71 | 0.75 |
| Best month | +11.9% | +17.0% | +17.0% | +17.0% |
| Worst month | −8.2% | −10.9% | −15.8% | −15.8% |
| Best 12 months | +58.2% | +58.2% | +58.2% | +58.2% |
| Worst 12 months | +11.1% | −29.4% | −29.4% | −29.4% |
| Positive months | 72% | 58% | 58% | 59% |
| Beta vs S&P 500 | 0.77 | 0.73 | 0.71 | — |
| Correlation with S&P 500 | 0.67 | 0.66 | 0.68 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DIEM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 113 | −29.4% | +11.2% | +58.2% | 66% |
| 3-year (a year) | 89 | −7.5% | +2.7% | +28.7% | 73% |
| 5-year (a year) | 65 | −4.9% | +3.8% | +12.2% | 78% |
| 10-year (a year) | 5 | +8.1% | +8.5% | +9.2% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
DIEM performance overview
Franklin LibertyQ Emerging Markets ETF (DIEM) returned +25.1% over the past year and +8.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +8.4% a year, turning $10,000 into about $23,013. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.6%, from Jan 26, 2018 to Mar 23, 2020, and it took 11 months to get back to the old high. DIEM finished 7 of its 9 full calendar years with a gain; the best year was 2025 (+30.8%) and the worst 2022 (−20.6%). Volatility has been 15.8% a year.
Related: DIEM chart, DIEM holdings, DIEM dividends. See the DIEM overview for the latest quote and fund facts.
DIEM performance FAQ
What is the DIEM return over the past year?
DIEM returned +25.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 21.6%.
What is the average annual return of DIEM?
DIEM has returned +10.3% a year over 5 years, +8.0% a year over 10 years, +8.4% a year since June 3, 2016 (total return, distributions reinvested).
How much would $10,000 invested in DIEM be worth?
$10,000 invested in DIEM at its first recorded close on June 3, 2016 would be worth about $23,013 on October 23, 2026 with distributions reinvested.
What was the worst year for DIEM?
The worst calendar year was 2022, with a total return of −20.6%. The best was 2025 at +30.8%.
What is the biggest drawdown of DIEM?
The largest peak-to-trough decline was −38.6% between January 26, 2018 and March 23, 2020. It recovered to the old high on February 11, 2021, 11 months after the bottom.
How volatile is DIEM?
Over the past 3 years DIEM had an annualized volatility of 14.2% and a Sharpe ratio of 1.50 (excess return over 1–3 month T-bills per unit of risk).