DIVI vs. FLEU

Last updated Jun 3, 2026

DIVI (Franklin International Core Dividend Tilt Index ETF) and FLEU (Franklin FTSE Eurozone ETF) are both exchange-traded funds - DIVI is a Foreign Large Cap Equities fund actively managed by Franklin Templeton, while FLEU is a Europe Equities fund tracking the FTSE Developed Eurozone Index - Benchmark TR Net. DIVI is actively managed, while FLEU is passively managed. Over the past 5 years, DIVI returned 13.83%/yr vs 12.08%/yr for FLEU. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.09% expense ratio.

Performance

DIVI vs. FLEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin International Core Dividend Tilt Index ETF (DIVI) and Franklin FTSE Eurozone ETF (FLEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVI achieves a 11.74% return, which is significantly higher than FLEU's 7.22% return.

DIVI

• 1D: 0.53%
• 1M: 2.87%
• YTD: 11.74%
• 6M: 14.97%
• 1Y: 26.70%
• 3Y*: 18.52%
• 5Y*: 13.83%
• 10Y*: —

FLEU

• 1D: 0.52%
• 1M: 3.45%
• YTD: 7.22%
• 6M: 10.70%
• 1Y: 19.04%
• 3Y*: 16.81%
• 5Y*: 12.08%
• 10Y*: —

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

DIVI vs. FLEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVI Franklin International Core Dividend Tilt Index ETF	11.74%	34.86%	1.77%	18.97%	-1.21%	16.95%	1.29%	22.98%	-6.73%	0.36%
FLEU Franklin FTSE Eurozone ETF	7.22%	41.56%	2.26%	16.21%	-9.14%	23.27%	0.95%	26.94%	-8.54%	-1.24%

Correlation

The correlation between DIVI and FLEU is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.80

The correlation between DIVI and FLEU shifts across timeframes, from 0.80 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

DIVI vs. FLEU - Sectors Allocation Comparison

Sectors	DIVI	FLEU
Financial Services	27.3%	24.8%
Industrials	17.2%	21.0%
Technology	10.2%	14.7%
Healthcare	9.1%	5.8%
Consumer Cyclical	7.1%	8.4%
Consumer Defensive	6.8%	5.2%
Basic Materials	5.6%	4.3%
Communication Services	5.0%	3.6%
Utilities	4.9%	7.1%
Energy	4.4%	4.0%
Real Estate	2.3%	1.2%

Return for Risk

DIVI vs. FLEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVI

DIVI Risk / Return Rank: 53
DIVI Sharpe Ratio Rank: 52
DIVI Sortino Ratio Rank: 52
DIVI Omega Ratio Rank: 50
DIVI Calmar Ratio Rank: 52
DIVI Martin Ratio Rank: 58

FLEU

FLEU Risk / Return Rank: 32
FLEU Sharpe Ratio Rank: 31
FLEU Sortino Ratio Rank: 31
FLEU Omega Ratio Rank: 31
FLEU Calmar Ratio Rank: 30
FLEU Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIVI vs. FLEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Dividend Tilt Index ETF (DIVI) and Franklin FTSE Eurozone ETF (FLEU). 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.

	DIVI	FLEU	Difference
Sharpe ratio Return per unit of total volatility	1.81	1.13	+0.68
Sortino ratio Return per unit of downside risk	2.53	1.67	+0.86
Omega ratio Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio Return relative to maximum drawdown	2.64	1.50	+1.13
Martin ratio Return relative to average drawdown	10.17	5.48	+4.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVI vs. FLEU - Sharpe Ratio Comparison

The current DIVI Sharpe Ratio is 1.81, which is higher than the FLEU Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of DIVI and FLEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DIVI	FLEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.13	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.74	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.57	+0.10

Drawdowns

DIVI vs. FLEU - Drawdown Comparison

The maximum DIVI drawdown since its inception was -27.76%, smaller than the maximum FLEU drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for DIVI and FLEU.

Drawdown Indicators

	DIVI	FLEU	Difference
Max Drawdown Largest peak-to-trough decline	-27.76%	-33.94%	+6.18%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-13.41%	+2.87%
Max Drawdown (3Y) Largest decline over 3 years	-14.58%	-15.67%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-18.67%	+0.14%
Current Drawdown Current decline from peak	-0.25%	-0.63%	+0.38%
Average Drawdown Average peak-to-trough decline	-3.63%	-4.71%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.68%	-0.95%

Volatility

DIVI vs. FLEU - Volatility Comparison

The current volatility for Franklin International Core Dividend Tilt Index ETF (DIVI) is 5.28%, while Franklin FTSE Eurozone ETF (FLEU) has a volatility of 7.12%. This indicates that DIVI experiences smaller price fluctuations and is considered to be less risky than FLEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVI	FLEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	7.12%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	14.35%	-2.19%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	17.01%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	16.33%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	18.26%	-1.80%

DIVI vs. FLEU - Expense Ratio Comparison

Both DIVI and FLEU have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

DIVI vs. FLEU - Dividend Comparison

DIVI's dividend yield for the trailing twelve months is around 3.50%, more than FLEU's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVI Franklin International Core Dividend Tilt Index ETF	3.50%	3.76%	4.39%	3.17%	6.03%	2.77%	8.04%	1.61%	5.67%	5.22%	11.56%
FLEU Franklin FTSE Eurozone ETF	2.07%	2.22%	3.18%	3.25%	21.45%	3.03%	1.94%	6.06%	12.17%	0.07%	0.00%

Frequently Asked Questions

Can I hold both DIVI and FLEU in my portfolio?

With a correlation of 0.92, DIVI and FLEU 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.

Which is riskier, DIVI or FLEU?

FLEU has higher volatility (7.12%) compared to DIVI (5.28%). In terms of maximum drawdown, DIVI dropped -27.76% vs FLEU's -33.94%.

Which ETF is better, DIVI or FLEU?

On 5-year performance, DIVI leads with 13.83% vs 12.08% for FLEU. Both ETFs have the same 0.09% expense ratio. On volatility, DIVI has been the lower-risk option at 5.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVI or FLEU?

Over the 5-year period, DIVI has performed better with a 13.83% return vs 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVI or FLEU?

DIVI and FLEU have the same expense ratio: 0.09% per year.

Which ETF pays a higher dividend yield, DIVI or FLEU?

DIVI has the higher dividend yield at 3.50%, compared with 2.07% for FLEU.

What is the main difference between DIVI and FLEU?

DIVI is categorized as Foreign Large Cap Equities, while FLEU is Europe Equities.

Which has better risk-adjusted returns?

DIVI currently has the higher Sharpe Ratio (1.81 vs 1.13), 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.