EWL vs. FLGB
EWL (iShares MSCI Switzerland ETF) and FLGB (Franklin FTSE United Kingdom ETF) are both Europe Equities funds - EWL tracks the MSCI Switzerland Index while FLGB tracks the FTSE UK RIC Capped Index. Both are passively managed. Over the past 5 years, EWL returned 6.77%/yr vs 12.51%/yr for FLGB. Their 0.73 correlation means they have sometimes moved together and sometimes differently. EWL charges 0.50%/yr vs 0.09%/yr for FLGB.
Performance
EWL vs. FLGB - Performance Comparison
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Returns By Period
In the year-to-date period, EWL achieves a 7.20% return, which is significantly lower than FLGB's 11.77% return.
EWL
- 1D
- -1.19%
- 1M
- -1.28%
- 6M
- 4.45%
- YTD
- 7.20%
- 1Y
- 22.60%
- 3Y*
- 12.29%
- 5Y*
- 6.77%
- 10Y*
- 9.91%
- ALL TIME*
- 7.56%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.12M | $30.49M | $28.31M | |
| $2.68M | $2.31M | $3.65M |
EWL vs. FLGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 7.20% | 32.92% | -2.80% | 17.67% | -18.89% | 20.20% | 11.80% | 31.58% | -9.21% | 2.74% |
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 EWL and FLGB is 0.75, 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. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.73 |
The correlation between EWL and FLGB has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
EWL vs. FLGB - Sectors Allocation Comparison
Sectors
EWL
FLGB
Healthcare
Financial Services
Consumer Defensive
Industrials
Basic Materials
Consumer Cyclical
Communication Services
Technology
Real Estate
Utilities
Energy
-
Healthcare
EWL
FLGB
Financial Services
EWL
FLGB
Consumer Defensive
EWL
FLGB
Industrials
EWL
FLGB
Basic Materials
EWL
FLGB
Consumer Cyclical
EWL
FLGB
Communication Services
EWL
FLGB
Technology
EWL
FLGB
Real Estate
EWL
FLGB
Utilities
EWL
FLGB
Energy
EWL
-
FLGB
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Return for Risk
EWL vs. FLGB — Risk / Return Rank
EWL
FLGB
EWL vs. FLGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Switzerland ETF (EWL) 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.
| EWL | FLGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.50 | -0.86 |
| Martin ratioReturn relative to average drawdown | 5.39 | 8.38 | -2.99 |
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Drawdowns
EWL vs. FLGB - Drawdown Comparison
The maximum EWL drawdown since its inception was -51.62%, which is greater than FLGB's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for EWL and FLGB.
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Drawdown Indicators
| EWL | FLGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.62% | -42.61% | -9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -10.26% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -13.13% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -25.90% | -3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -28.99% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | -0.59% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -6.62% | -4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 3.05% | +1.03% |
Volatility
EWL vs. FLGB - Volatility Comparison
iShares MSCI Switzerland ETF (EWL) and Franklin FTSE United Kingdom ETF (FLGB) have volatilities of 4.59% and 4.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWL | FLGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 4.55% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 12.83% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 14.78% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 16.59% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 18.91% | -2.61% |
EWL vs. FLGB - Expense Ratio Comparison
EWL has a 0.50% expense ratio, which is higher than FLGB's 0.09% expense ratio.
Dividends
EWL vs. FLGB - Dividend Comparison
EWL's dividend yield for the trailing twelve months is around 1.73%, less than FLGB's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 1.73% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
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
EWL and FLGB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWL has higher volatility (4.59%) compared to FLGB (4.55%). In terms of maximum drawdown, EWL dropped -51.62% vs FLGB's -42.61%.
On 5-year performance, FLGB leads with 12.51% vs 6.77% for EWL. On fees, FLGB is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLGB has performed better with a 12.51% return vs 6.77%. 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 0.50% for EWL.
FLGB has the higher dividend yield at 2.84%, compared with 1.73% for EWL.
EWL tracks MSCI Switzerland Index, while FLGB tracks FTSE UK RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.50% for EWL and 0.09% for FLGB.
FLGB currently has the higher Sharpe Ratio (1.74 vs 1.40), 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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