FLBR vs. COLO

Last updated Jun 5, 2026

FLBR (Franklin FTSE Brazil ETF) and COLO (Global X MSCI Colombia ETF) are both Latin America Equities funds - FLBR tracks the FTSE Brazil RIC Capped Index while COLO tracks the MSCI All Colombia Select 25/50 Index. Both are passively managed. Over the past 5 years, FLBR returned 5.65%/yr vs 14.46%/yr for COLO. At a 0.48 correlation, their price movements are largely independent. FLBR charges 0.19%/yr vs 0.62%/yr for COLO.

Performance

FLBR vs. COLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Brazil ETF (FLBR) and Global X MSCI Colombia ETF (COLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLBR achieves a 15.72% return, which is significantly higher than COLO's 14.76% return.

FLBR

• 1D: 0.52%
• 1M: -11.50%
• YTD: 15.72%
• 6M: 9.48%
• 1Y: 36.99%
• 3Y*: 13.91%
• 5Y*: 5.65%
• 10Y*: —

COLO

• 1D: 0.54%
• 1M: 7.66%
• YTD: 14.76%
• 6M: 13.54%
• 1Y: 48.83%
• 3Y*: 34.10%
• 5Y*: 14.46%
• 10Y*: 6.22%

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

FLBR vs. COLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLBR Franklin FTSE Brazil ETF	15.72%	45.57%	-27.58%	33.19%	10.44%	-16.78%	-20.13%	28.47%	-2.13%	2.27%
COLO Global X MSCI Colombia ETF	14.76%	68.88%	4.68%	24.92%	-21.32%	-11.50%	-14.60%	30.42%	-19.88%	6.40%

Correlation

The correlation between FLBR and COLO is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.48

The correlation between FLBR and COLO has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

FLBR vs. COLO - Sectors Allocation Comparison

Sectors	FLBR	COLO
Financial Services	28.0%	39.3%
Energy	19.4%	17.3%
Basic Materials	15.9%	18.4%
Utilities	14.7%	17.7%
Industrials	7.8%	2.4%
Consumer Defensive	4.5%	-
Healthcare	2.7%	-
Consumer Cyclical	2.4%	1.5%
Communication Services	1.8%	3.4%
Real Estate	0.8%	-
Technology	0.7%	-

Return for Risk

FLBR vs. COLO — Risk / Return Rank

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

FLBR

FLBR Risk / Return Rank: 44
FLBR Sharpe Ratio Rank: 43
FLBR Sortino Ratio Rank: 40
FLBR Omega Ratio Rank: 42
FLBR Calmar Ratio Rank: 48
FLBR Martin Ratio Rank: 44

COLO

COLO Risk / Return Rank: 61
COLO Sharpe Ratio Rank: 68
COLO Sortino Ratio Rank: 67
COLO Omega Ratio Rank: 65
COLO Calmar Ratio Rank: 57
COLO 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.

FLBR vs. COLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil ETF (FLBR) and Global X MSCI Colombia ETF (COLO). 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.

	FLBR	COLO	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.21	-0.73
Sortino ratio: Return per unit of downside risk	2.01	3.03	-1.02
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	2.34	2.76	-0.41
Martin ratio: Return relative to average drawdown	7.17	7.53	-0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLBR vs. COLO - Sharpe Ratio Comparison

The current FLBR Sharpe Ratio is 1.48, which is lower than the COLO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FLBR and COLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLBR	COLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	2.21	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.63	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.22	-0.06

Drawdowns

FLBR vs. COLO - Drawdown Comparison

The maximum FLBR drawdown since its inception was -57.42%, smaller than the maximum COLO drawdown of -78.91%. Use the drawdown chart below to compare losses from any high point for FLBR and COLO.

Drawdown Indicators

	FLBR	COLO	Difference
Max Drawdown Largest peak-to-trough decline	-57.42%	-78.91%	+21.49%
Max Drawdown (1Y) Largest decline over 1 year	-15.85%	-17.79%	+1.94%
Max Drawdown (3Y) Largest decline over 3 years	-28.97%	-18.35%	-10.62%
Max Drawdown (5Y) Largest decline over 5 years	-32.74%	-43.86%	+11.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.75%	—
Current Drawdown Current decline from peak	-15.41%	-22.10%	+6.69%
Average Drawdown Average peak-to-trough decline	-18.62%	-40.31%	+21.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	6.50%	-1.33%

Volatility

FLBR vs. COLO - Volatility Comparison

The current volatility for Franklin FTSE Brazil ETF (FLBR) is 7.85%, while Global X MSCI Colombia ETF (COLO) has a volatility of 10.65%. This indicates that FLBR experiences smaller price fluctuations and is considered to be less risky than COLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLBR	COLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.85%	10.65%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	21.14%	19.42%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	25.06%	22.20%	+2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.68%	23.19%	+4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.08%	25.43%	+7.65%

FLBR vs. COLO - Expense Ratio Comparison

FLBR has a 0.19% expense ratio, which is lower than COLO's 0.62% expense ratio.

Dividends

FLBR vs. COLO - Dividend Comparison

FLBR's dividend yield for the trailing twelve months is around 6.66%, more than COLO's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	6.54%	7.51%	6.08%	6.99%	12.55%	2.32%	3.23%	3.04%	3.03%	1.83%	1.48%	1.58%
FLBR Franklin FTSE Brazil ETF	6.66%	7.71%	7.68%	8.84%	11.99%	8.71%	2.32%	3.42%	3.72%	0.42%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLBR and COLO in my portfolio?

FLBR and COLO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLBR or COLO?

COLO has higher volatility (10.65%) compared to FLBR (7.85%). In terms of maximum drawdown, FLBR dropped -57.42% vs COLO's -78.91%.

Which ETF is better, FLBR or COLO?

On 5-year performance, COLO leads with 14.46% vs 5.65% for FLBR. On fees, FLBR is cheaper at 0.19% per year. On volatility, FLBR has been the lower-risk option at 7.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLBR or COLO?

Over the 5-year period, COLO has performed better with a 14.46% return vs 5.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLBR or COLO?

FLBR is cheaper with a 0.19% expense ratio, compared with 0.62% for COLO.

Which ETF pays a higher dividend yield, FLBR or COLO?

FLBR has the higher dividend yield at 6.66%, compared with 6.54% for COLO.

What is the main difference between FLBR and COLO?

FLBR tracks FTSE Brazil RIC Capped Index, while COLO tracks MSCI All Colombia Select 25/50 Index. They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.19% for FLBR and 0.62% for COLO.

Which has better risk-adjusted returns?

COLO currently has the higher Sharpe Ratio (2.21 vs 1.48), 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.