EUFN vs. FLGB

Last updated Jun 4, 2026

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, 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 17.47%/yr vs 10.55%/yr for FLGB. A 0.80 correlation means they provide meaningful diversification when combined. EUFN charges 0.48%/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.

Returns By Period

In the year-to-date period, EUFN achieves a 1.54% return, which is significantly lower than FLGB's 4.95% return.

EUFN

• 1D: -2.03%
• 1M: 2.59%
• YTD: 1.54%
• 6M: 8.77%
• 1Y: 23.06%
• 3Y*: 30.91%
• 5Y*: 17.47%
• 10Y*: 11.98%

FLGB

• 1D: -1.23%
• 1M: -0.37%
• YTD: 4.95%
• 6M: 8.36%
• 1Y: 19.53%
• 3Y*: 17.52%
• 5Y*: 10.55%
• 10Y*: —

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

EUFN vs. FLGB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUFN iShares MSCI Europe Financials ETF	1.54%	65.73%	17.20%	26.15%	-8.78%	19.13%	-8.55%	20.73%	-23.14%	2.52%
FLGB Franklin FTSE United Kingdom ETF	4.95%	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 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.80

The correlation between EUFN and FLGB has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

EUFN vs. FLGB - Sectors Allocation Comparison

Sectors	EUFN	FLGB
Financial Services	97.3%	24.2%
Technology	1.1%	0.7%
Industrials	0.4%	14.2%
Consumer Cyclical	0.2%	4.4%
Basic Materials	-	8.6%
Communication Services	-	2.6%
Consumer Defensive	-	14.0%
Energy	-	11.8%
Healthcare	-	13.6%
Real Estate	-	0.7%
Utilities	-	5.3%

Return for Risk

EUFN vs. FLGB — Risk / Return Rank

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

EUFN

EUFN Risk / Return Rank: 32
EUFN Sharpe Ratio Rank: 32
EUFN Sortino Ratio Rank: 32
EUFN Omega Ratio Rank: 30
EUFN Calmar Ratio Rank: 32
EUFN Martin Ratio Rank: 35

FLGB

FLGB Risk / Return Rank: 39
FLGB Sharpe Ratio Rank: 38
FLGB Sortino Ratio Rank: 38
FLGB Omega Ratio Rank: 37
FLGB Calmar Ratio Rank: 38
FLGB Martin Ratio Rank: 43

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.

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.

	EUFN	FLGB	Difference
Sharpe ratio Return per unit of total volatility	1.17	1.38	-0.21
Sortino ratio Return per unit of downside risk	1.74	1.99	-0.25
Omega ratio Gain probability vs. loss probability	1.21	1.25	-0.04
Calmar ratio Return relative to maximum drawdown	1.57	1.91	-0.34
Martin ratio Return relative to average drawdown	5.49	7.03	-1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUFN vs. FLGB - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.17, which is comparable to the FLGB Sharpe Ratio of 1.38. 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.

Sharpe Ratios by Period

	EUFN	FLGB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.38	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.64	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.42	-0.15

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.

Drawdown Indicators

	EUFN	FLGB	Difference
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	-3.16%	-4.86%	+1.70%
Average Drawdown Average peak-to-trough decline	-14.56%	-6.69%	-7.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	2.79%	+1.42%

Volatility

EUFN vs. FLGB - Volatility Comparison

iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 7.00% compared to Franklin FTSE United Kingdom ETF (FLGB) at 5.49%. 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.

Volatility by Period

	EUFN	FLGB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.00%	5.49%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	12.06%	+4.50%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	14.18%	+5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.80%	16.63%	+5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.55%	18.97%	+5.58%

EUFN vs. FLGB - Expense Ratio Comparison

EUFN has a 0.48% 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 3.52%, more than FLGB's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUFN iShares MSCI Europe Financials ETF	3.52%	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	3.33%	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 EUFN and FLGB in my portfolio?

EUFN and FLGB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUFN or FLGB?

EUFN has higher volatility (7.00%) compared to FLGB (5.49%). In terms of maximum drawdown, EUFN dropped -53.25% vs FLGB's -42.61%.

Which ETF is better, EUFN or FLGB?

On 5-year performance, EUFN leads with 17.47% vs 10.55% for FLGB. On fees, FLGB is cheaper at 0.09% per year. On volatility, FLGB has been the lower-risk option at 5.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUFN or FLGB?

Over the 5-year period, EUFN has performed better with a 17.47% return vs 10.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUFN or FLGB?

FLGB is cheaper with a 0.09% expense ratio, compared with 0.48% for EUFN.

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

EUFN has the higher dividend yield at 3.52%, compared with 3.33% for FLGB.

What is the main difference between EUFN and FLGB?

EUFN is categorized as Financials Equities, while FLGB is Europe Equities. EUFN tracks MSCI Europe Financials Index, while FLGB tracks FTSE UK RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.48% for EUFN and 0.09% for FLGB.

Which has better risk-adjusted returns?

FLGB currently has the higher Sharpe Ratio (1.38 vs 1.17), 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.