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FLAU vs. EWU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLAU vs. EWU

Last updated Jun 9, 2026

FLAU (Franklin FTSE Australia ETF) and EWU (iShares MSCI United Kingdom ETF) are both exchange-traded funds - FLAU is a Asia Pacific Equities fund tracking the FTSE Australia RIC Capped Index, while EWU is a Europe Equities fund tracking the MSCI United Kingdom Index. Both are passively managed. Over the past 5 years, FLAU returned 5.38%/yr vs 10.75%/yr for EWU. A 0.74 correlation means they provide meaningful diversification when combined. FLAU charges 0.09%/yr vs 0.50%/yr for EWU.

Performance

FLAU vs. EWU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Australia ETF (FLAU) and iShares MSCI United Kingdom ETF (EWU). 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 6.56% return, which is significantly higher than EWU's 5.57% return.

FLAU

1D
-0.11%
1M
-4.69%
YTD
6.56%
6M
8.33%
1Y
11.33%
3Y*
11.56%
5Y*
5.38%
10Y*
—

EWU

1D
0.11%
1M
-0.58%
YTD
5.57%
6M
9.86%
1Y
19.69%
3Y*
16.92%
5Y*
10.75%
10Y*
8.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLAU vs. EWU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLAU
Franklin FTSE Australia ETF		6.56%15.95%1.81%12.58%-5.58%9.90%11.00%23.38%-10.17%1.89%
EWU
iShares MSCI United Kingdom ETF		5.57%34.95%6.74%12.40%-4.39%18.19%-11.80%21.29%-14.30%4.72%

Correlation

The correlation between FLAU and EWU is 0.71, 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

0.71

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

0.75

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

0.79

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

0.74

The correlation between FLAU and EWU has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

FLAU vs. EWU - Sectors Allocation Comparison

Sectors
FLAU
EWU

Financial Services

36.0%
26.6%

Basic Materials

26.2%
9.1%

Consumer Cyclical

6.6%
3.6%

Real Estate

6.4%
0.6%

Industrials

6.4%
12.7%

Energy

5.7%
11.1%

Healthcare

4.9%
13.9%

Consumer Defensive

3.7%
13.9%

Communication Services

1.7%
2.2%

Technology

1.2%
0.6%

Utilities

0.8%
4.9%

Financial Services

FLAU
36.0%
EWU
26.6%

Basic Materials

FLAU
26.2%
EWU
9.1%

Consumer Cyclical

FLAU
6.6%
EWU
3.6%

Real Estate

FLAU
6.4%
EWU
0.6%

Industrials

FLAU
6.4%
EWU
12.7%

Energy

FLAU
5.7%
EWU
11.1%

Healthcare

FLAU
4.9%
EWU
13.9%

Consumer Defensive

FLAU
3.7%
EWU
13.9%

Communication Services

FLAU
1.7%
EWU
2.2%

Technology

FLAU
1.2%
EWU
0.6%

Utilities

FLAU
0.8%
EWU
4.9%

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 United Kingdom ETF

Often compared with FLAU:
FLAU vs. EWAFLAU vs. FLBRFLAU vs. FLGBFLAU vs. EPIFLAU vs. PEYFLAU vs. BCDFLAU vs. QQQ
Often compared with EWU:
EWU vs. FLGBEWU vs. EWUSEWU vs. SPYEWU vs. FEZEWU vs. FKUEWU vs. BNDWEWU vs. VOO

Return for Risk

FLAU vs. EWU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLAU
FLAU Risk / Return Rank: 2323
Overall Rank
FLAU Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
FLAU Sortino Ratio Rank: 2121
Sortino Ratio Rank
FLAU Omega Ratio Rank: 2121
Omega Ratio Rank
FLAU Calmar Ratio Rank: 2626
Calmar Ratio Rank
FLAU Martin Ratio Rank: 2727
Martin Ratio Rank
EWU
EWU Risk / Return Rank: 4343
Overall Rank
EWU Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EWU Sortino Ratio Rank: 4343
Sortino Ratio Rank
EWU Omega Ratio Rank: 4141
Omega Ratio Rank
EWU Calmar Ratio Rank: 4444
Calmar Ratio Rank
EWU Martin Ratio Rank: 4646
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. EWU - Risk-Adjusted Trends Comparison

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

FLAUEWUDifference
Sharpe ratioReturn per unit of total volatility
0.67
1.37

-0.70

Sortino ratioReturn per unit of downside risk
1.02
1.97

-0.94

Omega ratioGain probability vs. loss probability

1.13

1.24

-0.12

Calmar ratioReturn relative to maximum drawdown

1.14

1.99

-0.86

Martin ratioReturn relative to average drawdown

3.45

7.12

-3.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLAU vs. EWU - Sharpe Ratio Comparison

The current FLAU Sharpe Ratio is 0.67, which is lower than the EWU Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of FLAU and EWU, 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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Sharpe Ratios by Period

FLAUEWUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.67

1.37

-0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.66

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.44

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.26

+0.05

Drawdowns

FLAU vs. EWU - Drawdown Comparison

The maximum FLAU drawdown since its inception was -45.73%, smaller than the maximum EWU drawdown of -63.99%. Use the drawdown chart below to compare losses from any high point for FLAU and EWU.

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Drawdown Indicators

FLAUEWUDifference

Max Drawdown

Largest peak-to-trough decline

-45.73%

-63.99%

+18.26%

Max Drawdown (1Y)

Largest decline over 1 year

-10.01%

-9.92%

-0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-22.03%

-12.63%

-9.40%

Max Drawdown (5Y)

Largest decline over 5 years

-24.68%

-24.91%

+0.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.33%

—

Current Drawdown

Current decline from peak

-6.55%

-4.62%

-1.93%

Average Drawdown

Average peak-to-trough decline

-6.79%

-14.16%

+7.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

2.77%

+0.52%

Volatility

FLAU vs. EWU - Volatility Comparison

Franklin FTSE Australia ETF (FLAU) has a higher volatility of 4.98% compared to iShares MSCI United Kingdom ETF (EWU) at 4.68%. This indicates that FLAU's price experiences larger fluctuations and is considered to be riskier than EWU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLAUEWUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.98%

4.68%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

14.04%

12.35%

+1.69%

Volatility (1Y)

Calculated over the trailing 1-year period

16.96%

14.47%

+2.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.65%

16.44%

+3.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.59%

18.85%

+4.74%

FLAU vs. EWU - Expense Ratio Comparison

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

Dividends

FLAU vs. EWU - Dividend Comparison

FLAU's dividend yield for the trailing twelve months is around 3.05%, less than EWU's 3.53% yield.

PositionTTM20252024202320222021202020192018201720162015
EWU
iShares MSCI United Kingdom ETF		3.53%3.73%4.16%4.14%3.43%4.35%2.48%4.13%4.98%3.91%3.97%4.11%
FLAU
Franklin FTSE Australia ETF		3.05%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 EWU 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.

FLAU has higher volatility (4.98%) compared to EWU (4.68%). In terms of maximum drawdown, FLAU dropped -45.73% vs EWU's -63.99%.

On 5-year performance, EWU leads with 10.75% vs 5.38% for FLAU. On fees, FLAU is cheaper at 0.09% per year. On volatility, EWU has been the lower-risk option at 4.68%. 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 10.75% return vs 5.38%. 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 EWU.

EWU has the higher dividend yield at 3.53%, compared with 3.05% for FLAU.

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

EWU currently has the higher Sharpe Ratio (1.37 vs 0.67), 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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