EWU vs. FLGR
EWU (iShares MSCI United Kingdom ETF) and FLGR (Franklin FTSE Germany ETF) are both Europe Equities funds - EWU tracks the MSCI United Kingdom Index (Net) while FLGR tracks the FTSE Germany RIC Capped Index. Both are passively managed. Over the past 5 years, EWU returned 12.00%/yr vs 7.78%/yr for FLGR. Their 0.74 correlation means they have sometimes moved together and sometimes differently. EWU charges 0.50%/yr vs 0.09%/yr for FLGR.
Performance
EWU vs. FLGR - Performance Comparison
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Returns By Period
In the year-to-date period, EWU achieves a 11.49% return, which is significantly higher than FLGR's 5.02% return.
EWU
- 1D
- 0.23%
- 1M
- 2.50%
- 6M
- 5.51%
- YTD
- 11.49%
- 1Y
- 24.30%
- 3Y*
- 18.84%
- 5Y*
- 12.00%
- 10Y*
- 8.54%
- ALL TIME*
- 6.08%
FLGR
- 1D
- 1.04%
- 1M
- 3.52%
- 6M
- 2.61%
- YTD
- 5.02%
- 1Y
- 8.32%
- 3Y*
- 18.88%
- 5Y*
- 7.78%
- 10Y*
- —
- ALL TIME*
- 6.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $58.72M | $68.87M | $65.85M | |
| $111.58K | $111.40K | $160.27K |
EWU vs. FLGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWU iShares MSCI United Kingdom ETF | 11.49% | 34.95% | 6.74% | 12.40% | -4.39% | 18.19% | -11.80% | 21.29% | -14.30% | 4.72% |
FLGR Franklin FTSE Germany ETF | 5.02% | 36.67% | 10.63% | 24.22% | -21.96% | 5.40% | 12.11% | 19.99% | -21.50% | -0.16% |
Correlation
The correlation between EWU and FLGR is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.74 |
The correlation between EWU and FLGR has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
EWU vs. FLGR - Sectors Allocation Comparison
Sectors
EWU
FLGR
Financial Services
Industrials
Consumer Defensive
Healthcare
Energy
-
Basic Materials
Utilities
Consumer Cyclical
Communication Services
Real Estate
Technology
Financial Services
EWU
FLGR
Industrials
EWU
FLGR
Consumer Defensive
EWU
FLGR
Healthcare
EWU
FLGR
Energy
EWU
FLGR
-
Basic Materials
EWU
FLGR
Utilities
EWU
FLGR
Consumer Cyclical
EWU
FLGR
Communication Services
EWU
FLGR
Real Estate
EWU
FLGR
Technology
EWU
FLGR
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Return for Risk
EWU vs. FLGR — Risk / Return Rank
EWU
FLGR
EWU vs. FLGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI United Kingdom ETF (EWU) and Franklin FTSE Germany ETF (FLGR). 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.
| EWU | FLGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.10 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.58 | +1.88 |
| Martin ratioReturn relative to average drawdown | 8.07 | 1.69 | +6.38 |
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Drawdowns
EWU vs. FLGR - Drawdown Comparison
The maximum EWU drawdown since its inception was -63.99%, which is greater than FLGR's maximum drawdown of -46.21%. Use the drawdown chart below to compare losses from any high point for EWU and FLGR.
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Drawdown Indicators
| EWU | FLGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.99% | -46.21% | -17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -14.44% | +4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -12.63% | -15.53% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -24.91% | -42.69% | +17.78% |
Max Drawdown (10Y)Largest decline over 10 years | -43.33% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -14.10% | -12.22% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 4.93% | -1.91% |
Volatility
EWU vs. FLGR - Volatility Comparison
The current volatility for iShares MSCI United Kingdom ETF (EWU) is 3.70%, while Franklin FTSE Germany ETF (FLGR) has a volatility of 4.65%. This indicates that EWU experiences smaller price fluctuations and is considered to be less risky than FLGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWU | FLGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 4.65% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 15.16% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.95% | 17.54% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 20.37% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 21.36% | -3.13% |
EWU vs. FLGR - Expense Ratio Comparison
EWU has a 0.50% expense ratio, which is higher than FLGR's 0.09% expense ratio.
Dividends
EWU vs. FLGR - Dividend Comparison
EWU's dividend yield for the trailing twelve months is around 3.09%, less than FLGR's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWU iShares MSCI United Kingdom ETF | 3.09% | 3.73% | 4.16% | 4.14% | 3.43% | 4.35% | 2.48% | 4.13% | 4.98% | 3.91% | 3.97% | 4.11% |
FLGR Franklin FTSE Germany ETF | 3.24% | 1.72% | 2.40% | 2.99% | 3.50% | 2.67% | 2.61% | 2.52% | 3.06% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWU and FLGR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLGR has higher volatility (4.65%) compared to EWU (3.70%). In terms of maximum drawdown, EWU dropped -63.99% vs FLGR's -46.21%.
On 5-year performance, EWU leads with 12.00% vs 7.78% for FLGR. On fees, FLGR is cheaper at 0.09% per year. On volatility, EWU has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EWU has performed better with a 12.00% return vs 7.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLGR is cheaper with a 0.09% expense ratio, compared with 0.50% for EWU.
FLGR has the higher dividend yield at 3.24%, compared with 3.09% for EWU.
EWU tracks MSCI United Kingdom Index (Net), while FLGR tracks FTSE Germany RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.50% for EWU and 0.09% for FLGR.
EWU currently has the higher Sharpe Ratio (1.63 vs 0.48), 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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