DFE vs. FLGB

Last updated Aug 4, 2026

DFE (WisdomTree Europe SmallCap Dividend Fund) and FLGB (Franklin FTSE United Kingdom ETF) are both Europe Equities funds - DFE tracks the WisdomTree Europe SmallCap Dividend Index while FLGB tracks the FTSE UK RIC Capped Index. Both are passively managed. Over the past 5 years, DFE returned 4.58%/yr vs 12.14%/yr for FLGB. Their correlation of 0.80 means they have usually moved in the same direction. DFE charges 0.58%/yr vs 0.09%/yr for FLGB.

Performance

DFE vs. FLGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Europe SmallCap Dividend Fund (DFE) and Franklin FTSE United Kingdom ETF (FLGB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFE achieves a 7.97% return, which is significantly lower than FLGB's 11.41% return.

DFE

• 1D: 0.51%
• 1M: 3.53%
• 6M: 3.20%
• YTD: 7.97%
• 1Y: 14.71%
• 3Y*: 15.13%
• 5Y*: 4.58%
• 10Y*: 7.82%
• ALL TIME*: 6.48%

FLGB

• 1D: -0.32%
• 1M: 2.74%
• 6M: 5.44%
• YTD: 11.41%
• 1Y: 24.63%
• 3Y*: 19.27%
• 5Y*: 12.14%
• 10Y*: —
• ALL TIME*: 8.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFE WisdomTree Europe SmallCap Dividend Fund	$220.70K	$431.69K	$463.79K
FLGB Franklin FTSE United Kingdom ETF	$6.13M	$3.79M	$3.38M

DFE vs. FLGB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFE WisdomTree Europe SmallCap Dividend Fund	7.97%	32.85%	-0.61%	14.94%	-22.15%	18.44%	2.15%	27.15%	-21.23%	2.61%
FLGB Franklin FTSE United Kingdom ETF	11.41%	33.73%	8.77%	14.33%	-6.00%	17.14%	-9.47%	23.23%	-11.60%	1.12%

Correlation

The correlation between DFE and FLGB is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.80

The correlation between DFE and FLGB has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

DFE vs. FLGB - Sectors Allocation Comparison

Sectors	DFE	FLGB
Industrials	25.7%	14.4%
Financial Services	10.0%	25.5%
Consumer Cyclical	9.4%	4.9%
Basic Materials	7.7%	8.2%
Energy	6.8%	10.0%
Technology	6.8%	0.6%
Real Estate	6.5%	0.9%
Communication Services	5.8%	2.5%
Consumer Defensive	3.5%	14.4%
Utilities	3.5%	5.0%
Healthcare	3.4%	13.8%

Return for Risk

DFE vs. FLGB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFE

DFE Risk / Return Rank: 37
DFE Sharpe Ratio Rank: 38
DFE Sortino Ratio Rank: 38
DFE Omega Ratio Rank: 36
DFE Calmar Ratio Rank: 37
DFE Martin Ratio Rank: 39

FLGB

FLGB Risk / Return Rank: 69
FLGB Sharpe Ratio Rank: 71
FLGB Sortino Ratio Rank: 72
FLGB Omega Ratio Rank: 69
FLGB Calmar Ratio Rank: 67
FLGB Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFE vs. FLGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend Fund (DFE) and Franklin FTSE United Kingdom ETF (FLGB). 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.

	DFE	FLGB	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.67	-0.70
Sortino ratio: Return per unit of downside risk	1.46	2.41	-0.95
Omega ratio: Gain probability vs. loss probability	1.18	1.30	-0.12
Calmar ratio: Return relative to maximum drawdown	1.29	2.41	-1.12
Martin ratio: Return relative to average drawdown	4.14	8.09	-3.95

DFE vs. FLGB - Sharpe Ratio Comparison

The current DFE Sharpe Ratio is 0.98, which is lower than the FLGB Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of DFE and FLGB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFE vs. FLGB - Drawdown Comparison

The maximum DFE drawdown since its inception was -69.38%, which is greater than FLGB's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for DFE and FLGB.

Drawdown Indicators

	DFE	FLGB	Difference
Max Drawdown Largest peak-to-trough decline	-69.38%	-42.61%	-26.77%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-10.26%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-13.86%	-13.13%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-40.34%	-25.90%	-14.44%
Max Drawdown (10Y) Largest decline over 10 years	-49.66%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.91%	+0.36%
Average Drawdown Average peak-to-trough decline	-17.61%	-6.62%	-10.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	3.05%	+0.51%

Volatility

DFE vs. FLGB - Volatility Comparison

The current volatility for WisdomTree Europe SmallCap Dividend Fund (DFE) is 3.73%, while Franklin FTSE United Kingdom ETF (FLGB) has a volatility of 3.96%. This indicates that DFE experiences smaller price fluctuations and is considered to be less risky than FLGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFE	FLGB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.96%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	12.66%	12.82%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	14.80%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	16.59%	+2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	18.90%	+0.31%

DFE vs. FLGB - Expense Ratio Comparison

DFE has a 0.58% expense ratio, which is higher than FLGB's 0.09% expense ratio.

Dividends

DFE vs. FLGB - Dividend Comparison

DFE's dividend yield for the trailing twelve months is around 3.93%, more than FLGB's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFE WisdomTree Europe SmallCap Dividend Fund	3.93%	4.38%	4.93%	4.97%	5.84%	2.56%	2.43%	3.39%	4.97%	2.53%	4.05%	2.78%
FLGB Franklin FTSE United Kingdom ETF	2.85%	3.50%	4.42%	3.95%	4.23%	2.93%	2.67%	4.30%	3.92%	0.43%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFE and FLGB in my portfolio?

DFE and FLGB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFE or FLGB?

FLGB has higher volatility (3.96%) compared to DFE (3.73%). In terms of maximum drawdown, DFE dropped -69.38% vs FLGB's -42.61%.

Which ETF is better, DFE or FLGB?

On 5-year performance, FLGB leads with 12.14% vs 4.58% for DFE. On fees, FLGB is cheaper at 0.09% per year. On volatility, DFE has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFE or FLGB?

Over the 5-year period, FLGB has performed better with a 12.14% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFE or FLGB?

FLGB is cheaper with a 0.09% expense ratio, compared with 0.58% for DFE.

Which ETF pays a higher dividend yield, DFE or FLGB?

DFE has the higher dividend yield at 3.93%, compared with 2.85% for FLGB.

What is the main difference between DFE and FLGB?

DFE tracks WisdomTree Europe SmallCap Dividend Index, while FLGB tracks FTSE UK RIC Capped Index. They also come from different issuers: WisdomTree and Franklin Templeton. Their fees differ too: 0.58% for DFE and 0.09% for FLGB.

Which has better risk-adjusted returns?

FLGB currently has the higher Sharpe Ratio (1.67 vs 0.98), 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.