FLBR vs. FLSW

Last updated Jun 4, 2026

FLBR (Franklin FTSE Brazil ETF) and FLSW (Franklin FTSE Switzerland ETF) are both exchange-traded funds - FLBR is a Latin America Equities fund tracking the FTSE Brazil RIC Capped Index, while FLSW is a Europe Equities fund tracking the FTSE Switzerland RIC Capped Index. Both are passively managed. Over the past 5 years, FLBR returned 5.54%/yr vs 6.80%/yr for FLSW. At a 0.38 correlation, their price movements are largely independent. FLBR charges 0.19%/yr vs 0.09%/yr for FLSW.

Performance

FLBR vs. FLSW - Performance Comparison

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

Returns By Period

In the year-to-date period, FLBR achieves a 15.12% return, which is significantly higher than FLSW's 1.77% return.

FLBR

• 1D: -3.35%
• 1M: -10.42%
• YTD: 15.12%
• 6M: 10.76%
• 1Y: 35.11%
• 3Y*: 13.91%
• 5Y*: 5.54%
• 10Y*: —

FLSW

• 1D: -1.60%
• 1M: 1.15%
• YTD: 1.77%
• 6M: 5.12%
• 1Y: 13.32%
• 3Y*: 11.58%
• 5Y*: 6.80%
• 10Y*: —

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

FLBR vs. FLSW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLBR Franklin FTSE Brazil ETF	15.12%	45.57%	-27.58%	33.19%	10.44%	-16.78%	-20.13%	28.47%	-6.87%
FLSW Franklin FTSE Switzerland ETF	1.77%	32.92%	-1.77%	16.79%	-18.14%	20.82%	13.25%	31.66%	-7.85%

Correlation

The correlation between FLBR and FLSW is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 9, 2018	0.38

FLBR vs. FLSW - Sectors Allocation Comparison

Sectors	FLBR	FLSW
Financial Services	28.0%	18.0%
Energy	19.4%	-
Basic Materials	15.9%	7.7%
Utilities	14.7%	0.2%
Industrials	7.8%	13.8%
Consumer Defensive	4.5%	14.0%
Healthcare	2.7%	37.4%
Consumer Cyclical	2.4%	5.2%
Communication Services	1.8%	1.2%
Real Estate	0.8%	1.3%
Technology	0.7%	1.1%

Return for Risk

FLBR vs. FLSW — Risk / Return Rank

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

FLBR

FLBR Risk / Return Rank: 40
FLBR Sharpe Ratio Rank: 39
FLBR Sortino Ratio Rank: 36
FLBR Omega Ratio Rank: 38
FLBR Calmar Ratio Rank: 45
FLBR Martin Ratio Rank: 43

FLSW

FLSW Risk / Return Rank: 24
FLSW Sharpe Ratio Rank: 24
FLSW Sortino Ratio Rank: 24
FLSW Omega Ratio Rank: 23
FLSW Calmar Ratio Rank: 22
FLSW Martin Ratio Rank: 25

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. FLSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil ETF (FLBR) and Franklin FTSE Switzerland ETF (FLSW). 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	FLSW	Difference
Sharpe ratio Return per unit of total volatility	1.41	0.86	+0.55
Sortino ratio Return per unit of downside risk	1.93	1.32	+0.61
Omega ratio Gain probability vs. loss probability	1.25	1.15	+0.10
Calmar ratio Return relative to maximum drawdown	2.23	1.00	+1.23
Martin ratio Return relative to average drawdown	6.93	3.24	+3.68
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. FLSW - Sharpe Ratio Comparison

The current FLBR Sharpe Ratio is 1.41, which is higher than the FLSW Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of FLBR and FLSW, 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	FLSW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	0.86	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.44	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.56	-0.40

Drawdowns

FLBR vs. FLSW - Drawdown Comparison

The maximum FLBR drawdown since its inception was -57.42%, which is greater than FLSW's maximum drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for FLBR and FLSW.

Drawdown Indicators

	FLBR	FLSW	Difference
Max Drawdown Largest peak-to-trough decline	-57.42%	-28.16%	-29.26%
Max Drawdown (1Y) Largest decline over 1 year	-15.85%	-13.38%	-2.47%
Max Drawdown (3Y) Largest decline over 3 years	-28.97%	-13.38%	-15.59%
Max Drawdown (5Y) Largest decline over 5 years	-32.74%	-28.16%	-4.58%
Current Drawdown Current decline from peak	-15.85%	-6.34%	-9.51%
Average Drawdown Average peak-to-trough decline	-18.62%	-5.96%	-12.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.08%	4.11%	+0.97%

Volatility

FLBR vs. FLSW - Volatility Comparison

Franklin FTSE Brazil ETF (FLBR) has a higher volatility of 8.12% compared to Franklin FTSE Switzerland ETF (FLSW) at 5.13%. This indicates that FLBR's price experiences larger fluctuations and is considered to be riskier than FLSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLBR	FLSW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	5.13%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	21.22%	12.16%	+9.06%
Volatility (1Y) Calculated over the trailing 1-year period	25.09%	15.55%	+9.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.69%	15.71%	+11.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.08%	16.89%	+16.19%

FLBR vs. FLSW - Expense Ratio Comparison

FLBR has a 0.19% expense ratio, which is higher than FLSW's 0.09% 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

FLBR vs. FLSW - Dividend Comparison

FLBR's dividend yield for the trailing twelve months is around 6.69%, more than FLSW's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLBR Franklin FTSE Brazil ETF	6.69%	7.71%	7.68%	8.84%	11.99%	8.71%	2.32%	3.42%	3.72%	0.42%
FLSW Franklin FTSE Switzerland ETF	2.08%	2.12%	2.04%	2.36%	2.02%	1.86%	2.28%	1.15%	2.86%	0.00%

Frequently Asked Questions

Can I hold both FLBR and FLSW in my portfolio?

FLBR and FLSW have a correlation of 0.41, 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 FLSW?

FLBR has higher volatility (8.12%) compared to FLSW (5.13%). In terms of maximum drawdown, FLBR dropped -57.42% vs FLSW's -28.16%.

Which ETF is better, FLBR or FLSW?

On 5-year performance, FLSW leads with 6.80% vs 5.54% for FLBR. On fees, FLSW is cheaper at 0.09% per year. On volatility, FLSW has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLBR or FLSW?

Over the 5-year period, FLSW has performed better with a 6.80% return vs 5.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLBR or FLSW?

FLSW is cheaper with a 0.09% expense ratio, compared with 0.19% for FLBR.

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

FLBR has the higher dividend yield at 6.69%, compared with 2.08% for FLSW.

What is the main difference between FLBR and FLSW?

FLBR is categorized as Latin America Equities, while FLSW is Europe Equities. FLBR tracks FTSE Brazil RIC Capped Index, while FLSW tracks FTSE Switzerland RIC Capped Index. Their fees differ too: 0.19% for FLBR and 0.09% for FLSW.

Which has better risk-adjusted returns?

FLBR currently has the higher Sharpe Ratio (1.41 vs 0.86), 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.