FLAU vs. SPYD

Last updated Jun 24, 2026

FLAU (Franklin FTSE Australia ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - FLAU is a Asia Pacific Equities fund tracking the FTSE Australia RIC Capped Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Over the past 5 years, FLAU returned 5.96%/yr vs 8.06%/yr for SPYD. A 0.59 correlation means they provide meaningful diversification when combined. FLAU charges 0.09%/yr vs 0.07%/yr for SPYD.

Performance

FLAU vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Australia ETF (FLAU) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLAU achieves a 8.11% return, which is significantly lower than SPYD's 12.56% return.

FLAU

• 1D: -1.87%
• 1M: -0.86%
• YTD: 8.11%
• 6M: 6.54%
• 1Y: 13.67%
• 3Y*: 12.44%
• 5Y*: 5.96%
• 10Y*: —

SPYD

• 1D: 0.93%
• 1M: 1.01%
• YTD: 12.56%
• 6M: 12.79%
• 1Y: 18.22%
• 3Y*: 15.16%
• 5Y*: 8.06%
• 10Y*: 8.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLAU vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLAU Franklin FTSE Australia ETF	8.11%	15.95%	1.81%	12.58%	-5.58%	9.90%	11.00%	23.38%	-10.17%	1.89%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	12.56%	4.65%	15.34%	3.91%	-1.17%	32.73%	-11.64%	21.20%	-4.89%	4.86%

Correlation

The correlation between FLAU and SPYD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.59

The correlation between FLAU and SPYD shifts across timeframes, from 0.40 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

FLAU vs. SPYD - Sectors Allocation Comparison

Sectors	FLAU	SPYD
Financial Services	37.1%	11.9%
Basic Materials	26.6%	3.0%
Consumer Cyclical	6.6%	7.3%
Real Estate	6.0%	26.5%
Industrials	5.6%	2.3%
Energy	4.8%	8.5%
Healthcare	4.3%	5.3%
Consumer Defensive	3.7%	16.0%
Communication Services	1.9%	4.8%
Technology	1.8%	3.2%
Utilities	1.6%	11.2%

Return for Risk

FLAU vs. SPYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLAU

FLAU Risk / Return Rank: 25
FLAU Sharpe Ratio Rank: 24
FLAU Sortino Ratio Rank: 22
FLAU Omega Ratio Rank: 22
FLAU Calmar Ratio Rank: 29
FLAU Martin Ratio Rank: 30

SPYD

SPYD Risk / Return Rank: 47
SPYD Sharpe Ratio Rank: 46
SPYD Sortino Ratio Rank: 48
SPYD Omega Ratio Rank: 42
SPYD Calmar Ratio Rank: 54
SPYD Martin Ratio Rank: 46

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. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Australia ETF (FLAU) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.

	FLAU	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.54	-0.74
Sortino ratio: Return per unit of downside risk	1.20	2.31	-1.11
Omega ratio: Gain probability vs. loss probability	1.15	1.26	-0.12
Calmar ratio: Return relative to maximum drawdown	1.37	2.59	-1.22
Martin ratio: Return relative to average drawdown	4.07	7.47	-3.41

FLAU vs. SPYD - Sharpe Ratio Comparison

The current FLAU Sharpe Ratio is 0.80, which is lower than the SPYD Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FLAU and SPYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLAU vs. SPYD - Drawdown Comparison

The maximum FLAU drawdown since its inception was -45.73%, roughly equal to the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for FLAU and SPYD.

Drawdown Indicators

	FLAU	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-45.73%	-46.42%	+0.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.01%	-7.05%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	-22.03%	-16.13%	-5.90%
Max Drawdown (5Y) Largest decline over 5 years	-24.68%	-22.25%	-2.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.42%	—
Current Drawdown Current decline from peak	-5.18%	-1.89%	-3.29%
Average Drawdown Average peak-to-trough decline	-6.77%	-6.14%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.44%	+0.93%

Volatility

FLAU vs. SPYD - Volatility Comparison

Franklin FTSE Australia ETF (FLAU) has a higher volatility of 5.73% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.68%. This indicates that FLAU's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLAU	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	3.68%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	14.50%	8.05%	+6.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.20%	11.87%	+5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.69%	16.07%	+3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.57%	19.78%	+3.79%

FLAU vs. SPYD - Expense Ratio Comparison

FLAU has a 0.09% expense ratio, which is higher than SPYD's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLAU vs. SPYD - Dividend Comparison

FLAU's dividend yield for the trailing twelve months is around 1.71%, less than SPYD's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLAU Franklin FTSE Australia ETF	1.71%	3.25%	3.37%	3.62%	5.91%	5.14%	2.18%	4.37%	4.34%	0.18%	0.00%	0.00%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.26%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Frequently Asked Questions

Can I hold both FLAU and SPYD in my portfolio?

FLAU and SPYD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLAU or SPYD?

FLAU has higher volatility (5.73%) compared to SPYD (3.68%). In terms of maximum drawdown, FLAU dropped -45.73% vs SPYD's -46.42%.

Which ETF is better, FLAU or SPYD?

On 5-year performance, SPYD leads with 8.06% vs 5.96% for FLAU. On fees, SPYD is cheaper at 0.07% per year. On volatility, SPYD has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLAU or SPYD?

Over the 5-year period, SPYD has performed better with a 8.06% return vs 5.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLAU or SPYD?

SPYD is cheaper with a 0.07% expense ratio, compared with 0.09% for FLAU.

Which ETF pays a higher dividend yield, FLAU or SPYD?

SPYD has the higher dividend yield at 4.26%, compared with 1.71% for FLAU.

What is the main difference between FLAU and SPYD?

FLAU is categorized as Asia Pacific Equities, while SPYD is S&P 500. FLAU tracks FTSE Australia RIC Capped Index, while SPYD tracks S&P 500 High Dividend Index. They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.09% for FLAU and 0.07% for SPYD.

Which has better risk-adjusted returns?

SPYD currently has the higher Sharpe Ratio (1.54 vs 0.80), 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.