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FLAU vs. EWQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLAU vs. EWQ

Last updated Jul 21, 2026
Documentation

FLAU (Franklin FTSE Australia ETF) and EWQ (iShares MSCI France ETF) are both exchange-traded funds - FLAU is a Australia Equities fund tracking the FTSE Australia RIC Capped Index, while EWQ is a Europe Equities fund tracking the MSCI France Index. Both are passively managed. Over the past 5 years, FLAU returned 6.80%/yr vs 7.21%/yr for EWQ. A 0.70 correlation means they provide meaningful diversification when combined. FLAU charges 0.09%/yr vs 0.50%/yr for EWQ.

Performance

FLAU vs. EWQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Australia ETF (FLAU) and iShares MSCI France ETF (EWQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLAU achieves a 9.73% return, which is significantly higher than EWQ's 1.82% return.

FLAU

1D
-0.75%
1M
-0.57%
6M
7.22%
YTD
9.73%
1Y
12.22%
3Y*
11.36%
5Y*
6.80%
10Y*
—
ALL TIME*
7.63%

EWQ

1D
-0.89%
1M
-2.34%
6M
1.14%
YTD
1.82%
1Y
7.27%
3Y*
7.39%
5Y*
7.21%
10Y*
9.66%
ALL TIME*
6.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLAU vs. EWQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLAU
Franklin FTSE Australia ETF		9.73%15.95%1.81%12.58%-5.58%9.90%11.00%23.38%-10.17%1.89%
EWQ
iShares MSCI France ETF		1.82%28.90%-5.63%21.71%-12.05%21.43%2.86%26.69%-12.90%-0.11%

Correlation

The correlation between FLAU and EWQ is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.70

The correlation between FLAU and EWQ has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.

FLAU vs. EWQ - Sectors Allocation Comparison

Sectors
FLAU
EWQ

Financial Services

38.3%
13.4%

Basic Materials

24.6%
7.1%

Consumer Cyclical

7.3%
11.4%

Real Estate

5.7%
1.3%

Industrials

5.5%
33.1%

Energy

5.3%
7.2%

Healthcare

5.1%
8.5%

Consumer Defensive

4.0%
8.5%

Technology

1.6%
4.0%

Communication Services

1.6%
2.8%

Utilities

0.7%
2.6%

Financial Services

FLAU
38.3%
EWQ
13.4%

Basic Materials

FLAU
24.6%
EWQ
7.1%

Consumer Cyclical

FLAU
7.3%
EWQ
11.4%

Real Estate

FLAU
5.7%
EWQ
1.3%

Industrials

FLAU
5.5%
EWQ
33.1%

Energy

FLAU
5.3%
EWQ
7.2%

Healthcare

FLAU
5.1%
EWQ
8.5%

Consumer Defensive

FLAU
4.0%
EWQ
8.5%

Technology

FLAU
1.6%
EWQ
4.0%

Communication Services

FLAU
1.6%
EWQ
2.8%

Utilities

FLAU
0.7%
EWQ
2.6%

Compare stocks, funds, or ETFs

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

Franklin FTSE Australia ETF

iShares MSCI France ETF

Often compared with FLAU:
FLAU vs. EWAFLAU vs. FLBRFLAU vs. FLGBFLAU vs. PEYFLAU vs. EPIFLAU vs. BCDFLAU vs. JEPI
Often compared with EWQ:
EWQ vs. EWGEWQ vs. EPOLEWQ vs. EWIEWQ vs. EWLEWQ vs. FEZEWQ vs. EWOEWQ vs. EWN

Return for Risk

FLAU vs. EWQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLAU
FLAU Risk / Return Rank: 2828
Overall Rank
FLAU Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FLAU Sortino Ratio Rank: 2626
Sortino Ratio Rank
FLAU Omega Ratio Rank: 2525
Omega Ratio Rank
FLAU Calmar Ratio Rank: 3232
Calmar Ratio Rank
FLAU Martin Ratio Rank: 3131
Martin Ratio Rank
EWQ
EWQ Risk / Return Rank: 1818
Overall Rank
EWQ Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
EWQ Sortino Ratio Rank: 1818
Sortino Ratio Rank
EWQ Omega Ratio Rank: 1818
Omega Ratio Rank
EWQ Calmar Ratio Rank: 1818
Calmar Ratio Rank
EWQ Martin Ratio Rank: 2020
Martin Ratio Rank
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.

FLAU vs. EWQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Australia ETF (FLAU) and iShares MSCI France ETF (EWQ). 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.

FLAUEWQDifference
Sharpe ratioReturn per unit of total volatility
0.72
0.41

+0.31

Sortino ratioReturn per unit of downside risk
1.10
0.71

+0.40

Omega ratioGain probability vs. loss probability

1.14

1.08

+0.05

Calmar ratioReturn relative to maximum drawdown

1.23

0.53

+0.70

Martin ratioReturn relative to average drawdown

3.43

1.55

+1.88

FLAU vs. EWQ - Sharpe Ratio Comparison

The current FLAU Sharpe Ratio is 0.72, which is higher than the EWQ Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of FLAU and EWQ, 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

FLAU vs. EWQ - Drawdown Comparison

The maximum FLAU drawdown since its inception was -45.73%, smaller than the maximum EWQ drawdown of -61.41%. Use the drawdown chart below to compare losses from any high point for FLAU and EWQ.

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Drawdown Indicators

FLAUEWQDifference

Max Drawdown

Largest peak-to-trough decline

-45.73%

-61.41%

+15.68%

Max Drawdown (1Y)

Largest decline over 1 year

-10.01%

-13.80%

+3.79%

Max Drawdown (3Y)

Largest decline over 3 years

-22.03%

-15.16%

-6.87%

Max Drawdown (5Y)

Largest decline over 5 years

-24.68%

-31.46%

+6.78%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.23%

—

Current Drawdown

Current decline from peak

-3.77%

-5.26%

+1.49%

Average Drawdown

Average peak-to-trough decline

-6.75%

-16.03%

+9.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

4.69%

-1.12%

Volatility

FLAU vs. EWQ - Volatility Comparison

The current volatility for Franklin FTSE Australia ETF (FLAU) is 3.72%, while iShares MSCI France ETF (EWQ) has a volatility of 4.23%. This indicates that FLAU experiences smaller price fluctuations and is considered to be less risky than EWQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLAUEWQDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.72%

4.23%

-0.51%

Volatility (6M)

Calculated over the trailing 6-month period

14.47%

14.60%

-0.13%

Volatility (1Y)

Calculated over the trailing 1-year period

16.98%

17.71%

-0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.62%

19.84%

-0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.50%

20.38%

+3.12%

FLAU vs. EWQ - Expense Ratio Comparison

FLAU has a 0.09% expense ratio, which is lower than EWQ's 0.50% expense ratio.

Dividends

FLAU vs. EWQ - Dividend Comparison

FLAU's dividend yield for the trailing twelve months is around 3.14%, more than EWQ's 2.94% yield.

PositionTTM20252024202320222021202020192018201720162015
EWQ
iShares MSCI France ETF		2.94%2.63%3.31%2.73%3.23%3.79%1.02%2.44%2.90%1.90%2.84%2.25%
FLAU
Franklin FTSE Australia ETF		3.14%3.25%3.37%3.62%5.91%5.14%2.18%4.37%4.34%0.18%0.00%0.00%

Frequently Asked Questions

FLAU and EWQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWQ has higher volatility (4.23%) compared to FLAU (3.72%). In terms of maximum drawdown, FLAU dropped -45.73% vs EWQ's -61.41%.

On 5-year performance, EWQ leads with 7.21% vs 6.80% for FLAU. On fees, FLAU is cheaper at 0.09% per year. On volatility, FLAU has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EWQ has performed better with a 7.21% return vs 6.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLAU is cheaper with a 0.09% expense ratio, compared with 0.50% for EWQ.

FLAU has the higher dividend yield at 3.14%, compared with 2.94% for EWQ.

FLAU is categorized as Australia Equities, while EWQ is Europe Equities. FLAU tracks FTSE Australia RIC Capped Index, while EWQ tracks MSCI France Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLAU and 0.50% for EWQ.

FLAU currently has the higher Sharpe Ratio (0.72 vs 0.41), 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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