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EUFN vs. FLGB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFN vs. FLGB

Last updated Aug 2, 2026
Documentation

EUFN (iShares MSCI Europe Financials ETF) and FLGB (Franklin FTSE United Kingdom ETF) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index (Net), while FLGB is a Europe Equities fund tracking the FTSE UK RIC Capped Index. Both are passively managed. Over the past 5 years, EUFN returned 21.90%/yr vs 12.51%/yr for FLGB. Their 0.80 correlation means they have sometimes moved together and sometimes differently. EUFN charges 0.49%/yr vs 0.09%/yr for FLGB.

Performance

EUFN vs. FLGB - Performance Comparison

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

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Returns By Period

In the year-to-date period, EUFN achieves a 15.76% return, which is significantly higher than FLGB's 11.77% return.

EUFN

1D
-0.05%
1M
4.57%
6M
12.34%
YTD
15.76%
1Y
37.30%
3Y*
34.07%
5Y*
21.90%
10Y*
14.87%
ALL TIME*
7.77%

FLGB

1D
-0.59%
1M
3.07%
6M
6.65%
YTD
11.77%
1Y
25.03%
3Y*
18.66%
5Y*
12.51%
10Y*
—
ALL TIME*
8.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EUFN

iShares MSCI Europe Financials ETF
$57.65M$60.11M$50.38M

FLGB

Franklin FTSE United Kingdom ETF
$2.68M$2.31M$3.65M

EUFN vs. FLGB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUFN
iShares MSCI Europe Financials ETF		15.76%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%2.38%
FLGB
Franklin FTSE United Kingdom ETF		11.77%33.73%8.77%14.33%-6.00%17.14%-9.47%23.23%-11.60%1.12%

Correlation

The correlation between EUFN and FLGB is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.80

Correlation (3Y)
Balances recent behavior with more history.

0.81

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 EUFN and FLGB has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

EUFN vs. FLGB - Sectors Allocation Comparison

Sectors
EUFN
FLGB

Financial Services

98.1%
25.5%

Technology

0.9%
0.6%

Industrials

0.4%
14.4%

Consumer Cyclical

0.2%
4.9%

Basic Materials

-

8.2%

Communication Services

-

2.5%

Consumer Defensive

-

14.4%

Energy

-

10.0%

Healthcare

-

13.8%

Real Estate

-

0.9%

Utilities

-

5.0%

Financial Services

EUFN
98.1%
FLGB
25.5%

Technology

EUFN
0.9%
FLGB
0.6%

Industrials

EUFN
0.4%
FLGB
14.4%

Consumer Cyclical

EUFN
0.2%
FLGB
4.9%

Basic Materials

EUFN

-

FLGB
8.2%

Communication Services

EUFN

-

FLGB
2.5%

Consumer Defensive

EUFN

-

FLGB
14.4%

Energy

EUFN

-

FLGB
10.0%

Healthcare

EUFN

-

FLGB
13.8%

Real Estate

EUFN

-

FLGB
0.9%

Utilities

EUFN

-

FLGB
5.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Europe Financials ETF

Franklin FTSE United Kingdom ETF

Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. GSIBEUFN vs. SPYEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR
Often compared with FLGB:
FLGB vs. EWUFLGB vs. FLAUFLGB vs. FLEEFLGB vs. IUKD.LFLGB vs. VFIAXFLGB vs. HEDJFLGB vs. LVHI

Return for Risk

EUFN vs. FLGB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EUFN
EUFN Risk / Return Rank: 7474
Overall Rank
EUFN Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 7878
Sortino Ratio Rank
EUFN Omega Ratio Rank: 7272
Omega Ratio Rank
EUFN Calmar Ratio Rank: 7171
Calmar Ratio Rank
EUFN Martin Ratio Rank: 7070
Martin Ratio Rank
FLGB
FLGB Risk / Return Rank: 7474
Overall Rank
FLGB Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
FLGB Sortino Ratio Rank: 7777
Sortino Ratio Rank
FLGB Omega Ratio Rank: 7474
Omega Ratio Rank
FLGB Calmar Ratio Rank: 7272
Calmar Ratio Rank
FLGB Martin Ratio Rank: 6969
Martin Ratio Rank
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.

EUFN vs. FLGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) 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.

EUFNFLGBDifference
Sharpe ratioReturn per unit of total volatility
1.76
1.74

+0.03

Sortino ratioReturn per unit of downside risk
2.50
2.48

+0.02

Omega ratioGain probability vs. loss probability

1.30

1.31

-0.01

Calmar ratioReturn relative to maximum drawdown

2.43

2.50

-0.06

Martin ratioReturn relative to average drawdown

8.55

8.38

+0.17

EUFN vs. FLGB - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.76, which is comparable to the FLGB Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of EUFN 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.

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Drawdowns

EUFN vs. FLGB - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, which is greater than FLGB's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for EUFN and FLGB.

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Drawdown Indicators

EUFNFLGBDifference

Max Drawdown

Largest peak-to-trough decline

-53.25%

-42.61%

-10.64%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-10.26%

-4.51%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-13.13%

-2.82%

Max Drawdown (5Y)

Largest decline over 5 years

-35.15%

-25.90%

-9.25%

Max Drawdown (10Y)

Largest decline over 10 years

-53.25%

—

—

Current Drawdown

Current decline from peak

-0.05%

-0.59%

+0.54%

Average Drawdown

Average peak-to-trough decline

-14.42%

-6.62%

-7.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.20%

3.05%

+1.15%

Volatility

EUFN vs. FLGB - Volatility Comparison

iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 6.32% compared to Franklin FTSE United Kingdom ETF (FLGB) at 4.55%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than FLGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUFNFLGBDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.32%

4.55%

+1.77%

Volatility (6M)

Calculated over the trailing 6-month period

17.74%

12.83%

+4.91%

Volatility (1Y)

Calculated over the trailing 1-year period

20.39%

14.78%

+5.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.81%

16.59%

+5.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.71%

18.91%

+4.80%

EUFN vs. FLGB - Expense Ratio Comparison

EUFN has a 0.49% expense ratio, which is higher than FLGB's 0.09% expense ratio.

Dividends

EUFN vs. FLGB - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.96%, more than FLGB's 2.84% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.96%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
FLGB
Franklin FTSE United Kingdom ETF		2.84%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

EUFN and FLGB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (6.32%) compared to FLGB (4.55%). In terms of maximum drawdown, EUFN dropped -53.25% vs FLGB's -42.61%.

On 5-year performance, EUFN leads with 21.90% vs 12.51% for FLGB. On fees, FLGB is cheaper at 0.09% per year. On volatility, FLGB has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EUFN has performed better with a 21.90% return vs 12.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLGB is cheaper with a 0.09% expense ratio, compared with 0.49% for EUFN.

EUFN has the higher dividend yield at 3.96%, compared with 2.84% for FLGB.

EUFN is categorized as Financials Equities, while FLGB is Europe Equities. EUFN tracks MSCI Europe Financials Index (Net), while FLGB tracks FTSE UK RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.49% for EUFN and 0.09% for FLGB.

EUFN currently has the higher Sharpe Ratio (1.76 vs 1.74), 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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