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EZU vs. FLGB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EZU vs. FLGB

Last updated Aug 2, 2026
Documentation

EZU (iShares MSCI Eurozone ETF) and FLGB (Franklin FTSE United Kingdom ETF) are both Europe Equities funds - EZU tracks the MSCI EMU Index while FLGB tracks the FTSE UK RIC Capped Index. Both are passively managed. Over the past 5 years, EZU returned 10.01%/yr vs 12.51%/yr for FLGB. Their correlation of 0.82 means they have usually moved in the same direction. EZU charges 0.50%/yr vs 0.09%/yr for FLGB.

Performance

EZU vs. FLGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Eurozone ETF (EZU) 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, EZU achieves a 10.48% return, which is significantly lower than FLGB's 11.77% return.

EZU

1D
-0.11%
1M
0.51%
6M
6.24%
YTD
10.48%
1Y
24.34%
3Y*
17.68%
5Y*
10.01%
10Y*
10.56%
ALL TIME*
5.20%

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)

EZU

iShares MSCI Eurozone ETF
$63.32M$57.94M$77.34M

FLGB

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

EZU vs. FLGB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EZU
iShares MSCI Eurozone ETF		10.48%40.00%2.23%23.44%-17.25%13.92%7.62%23.27%-16.76%-0.61%
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 EZU and FLGB is 0.79, 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.

0.79

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

0.82

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

EZU vs. FLGB - Sectors Allocation Comparison

Sectors
EZU
FLGB

Financial Services

24.7%
25.5%

Industrials

20.6%
14.4%

Technology

17.3%
0.6%

Consumer Cyclical

7.8%
4.9%

Utilities

6.5%
5.0%

Healthcare

5.8%
13.8%

Consumer Defensive

5.4%
14.4%

Basic Materials

3.9%
8.2%

Communication Services

3.8%
2.5%

Energy

3.4%
10.0%

Real Estate

0.8%
0.9%

Financial Services

EZU
24.7%
FLGB
25.5%

Industrials

EZU
20.6%
FLGB
14.4%

Technology

EZU
17.3%
FLGB
0.6%

Consumer Cyclical

EZU
7.8%
FLGB
4.9%

Utilities

EZU
6.5%
FLGB
5.0%

Healthcare

EZU
5.8%
FLGB
13.8%

Consumer Defensive

EZU
5.4%
FLGB
14.4%

Basic Materials

EZU
3.9%
FLGB
8.2%

Communication Services

EZU
3.8%
FLGB
2.5%

Energy

EZU
3.4%
FLGB
10.0%

Real Estate

EZU
0.8%
FLGB
0.9%

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 Eurozone ETF

Franklin FTSE United Kingdom ETF

Often compared with EZU:
EZU vs. VGKEZU vs. FEZEZU vs. IEUREZU vs. IEVEZU vs. HEZUEZU vs. SPYEZU vs. IEZ
Often compared with FLGB:
FLGB vs. EWUFLGB vs. FLAUFLGB vs. FLEEFLGB vs. IUKD.LFLGB vs. EUFNFLGB vs. VFIAXFLGB vs. HEDJ

Return for Risk

EZU vs. FLGB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EZU
EZU Risk / Return Rank: 5454
Overall Rank
EZU Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
EZU Sortino Ratio Rank: 5656
Sortino Ratio Rank
EZU Omega Ratio Rank: 5353
Omega Ratio Rank
EZU Calmar Ratio Rank: 5050
Calmar Ratio Rank
EZU Martin Ratio Rank: 5555
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.

EZU vs. FLGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) 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.

EZUFLGBDifference
Sharpe ratioReturn per unit of total volatility
1.31
1.74

-0.43

Sortino ratioReturn per unit of downside risk
1.92
2.48

-0.56

Omega ratioGain probability vs. loss probability

1.24

1.31

-0.07

Calmar ratioReturn relative to maximum drawdown

1.78

2.50

-0.72

Martin ratioReturn relative to average drawdown

6.51

8.38

-1.87

EZU vs. FLGB - Sharpe Ratio Comparison

The current EZU Sharpe Ratio is 1.31, which is comparable to the FLGB Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of EZU 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

EZU vs. FLGB - Drawdown Comparison

The maximum EZU drawdown since its inception was -65.32%, which is greater than FLGB's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for EZU and FLGB.

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Drawdown Indicators

EZUFLGBDifference

Max Drawdown

Largest peak-to-trough decline

-65.32%

-42.61%

-22.71%

Max Drawdown (1Y)

Largest decline over 1 year

-13.06%

-10.26%

-2.80%

Max Drawdown (3Y)

Largest decline over 3 years

-15.02%

-13.13%

-1.89%

Max Drawdown (5Y)

Largest decline over 5 years

-36.11%

-25.90%

-10.21%

Max Drawdown (10Y)

Largest decline over 10 years

-41.37%

—

—

Current Drawdown

Current decline from peak

-0.44%

-0.59%

+0.15%

Average Drawdown

Average peak-to-trough decline

-19.12%

-6.62%

-12.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.56%

3.05%

+0.51%

Volatility

EZU vs. FLGB - Volatility Comparison

iShares MSCI Eurozone ETF (EZU) has a higher volatility of 4.96% compared to Franklin FTSE United Kingdom ETF (FLGB) at 4.55%. This indicates that EZU'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

EZUFLGBDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

4.55%

+0.41%

Volatility (6M)

Calculated over the trailing 6-month period

15.57%

12.83%

+2.74%

Volatility (1Y)

Calculated over the trailing 1-year period

17.79%

14.78%

+3.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.98%

16.59%

+3.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.10%

18.91%

+1.19%

EZU vs. FLGB - Expense Ratio Comparison

EZU has a 0.50% expense ratio, which is higher than FLGB's 0.09% expense ratio.

Dividends

EZU vs. FLGB - Dividend Comparison

EZU's dividend yield for the trailing twelve months is around 2.65%, less than FLGB's 2.84% yield.

PositionTTM20252024202320222021202020192018201720162015
EZU
iShares MSCI Eurozone ETF		2.65%2.85%2.90%2.56%2.79%2.46%2.13%2.84%3.47%1.91%3.07%2.18%
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

EZU 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.

EZU has higher volatility (4.96%) compared to FLGB (4.55%). In terms of maximum drawdown, EZU dropped -65.32% vs FLGB's -42.61%.

On 5-year performance, FLGB leads with 12.51% vs 10.01% for EZU. 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, FLGB has performed better with a 12.51% return vs 10.01%. 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 EZU.

FLGB has the higher dividend yield at 2.84%, compared with 2.65% for EZU.

EZU tracks MSCI EMU 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 EZU and 0.09% for FLGB.

FLGB currently has the higher Sharpe Ratio (1.74 vs 1.31), 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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