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FLBR vs. ILF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLBR vs. ILF

Last updated Aug 2, 2026
Documentation

FLBR (Franklin FTSE Brazil ETF) and ILF (iShares Latin American 40 ETF) are both Latin America Equities funds - FLBR tracks the FTSE Brazil RIC Capped Index while ILF tracks the S&P Latin America 40 (Net). Both are passively managed. Over the past 5 years, FLBR returned 8.65%/yr vs 11.24%/yr for ILF. Their correlation of 0.92 means they have usually moved in the same direction. FLBR charges 0.19%/yr vs 0.47%/yr for ILF.

Performance

FLBR vs. ILF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Brazil ETF (FLBR) and iShares Latin American 40 ETF (ILF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLBR achieves a 21.58% return, which is significantly higher than ILF's 17.64% return.

FLBR

1D
0.88%
1M
6.92%
6M
3.21%
YTD
21.58%
1Y
46.09%
3Y*
11.91%
5Y*
8.65%
10Y*
—
ALL TIME*
5.61%

ILF

1D
-0.03%
1M
4.99%
6M
1.31%
YTD
17.64%
1Y
48.11%
3Y*
14.00%
5Y*
11.24%
10Y*
7.78%
ALL TIME*
9.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FLBR

Franklin FTSE Brazil ETF
$3.25M$2.48M$4.17M

ILF

iShares Latin American 40 ETF
$79.35M$71.98M$85.23M

FLBR vs. ILF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLBR
Franklin FTSE Brazil ETF		21.58%45.57%-27.58%33.19%10.44%-16.78%-20.13%28.47%-2.13%2.27%
ILF
iShares Latin American 40 ETF		17.64%52.65%-23.11%33.14%9.81%-13.59%-11.71%13.77%-6.85%3.00%

Correlation

The correlation between FLBR and ILF is 0.91, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.91

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.92

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

0.92

The correlation between FLBR and ILF has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

FLBR vs. ILF - Sectors Allocation Comparison

Sectors
FLBR
ILF

Financial Services

26.3%
34.5%

Energy

17.8%
10.6%

Basic Materials

15.6%
22.0%

Utilities

15.0%
4.7%

Industrials

12.4%
9.6%

Consumer Defensive

4.6%
9.6%

Consumer Cyclical

2.6%
1.3%

Healthcare

2.5%
1.1%

Communication Services

1.8%
6.0%

Real Estate

0.9%
0.8%

Technology

0.7%

-

Financial Services

FLBR
26.3%
ILF
34.5%

Energy

FLBR
17.8%
ILF
10.6%

Basic Materials

FLBR
15.6%
ILF
22.0%

Utilities

FLBR
15.0%
ILF
4.7%

Industrials

FLBR
12.4%
ILF
9.6%

Consumer Defensive

FLBR
4.6%
ILF
9.6%

Consumer Cyclical

FLBR
2.6%
ILF
1.3%

Healthcare

FLBR
2.5%
ILF
1.1%

Communication Services

FLBR
1.8%
ILF
6.0%

Real Estate

FLBR
0.9%
ILF
0.8%

Technology

FLBR
0.7%
ILF

-

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 Brazil ETF

iShares Latin American 40 ETF

Often compared with FLBR:
FLBR vs. EWZFLBR vs. FLLAFLBR vs. FLAUFLBR vs. USDFLBR vs. VOOFLBR vs. GALFLBR vs. BRF
Often compared with ILF:
ILF vs. EWZILF vs. FLLAILF vs. EWWILF vs. FLNILF vs. EPUILF vs. VOOILF vs. VOOG

Return for Risk

FLBR vs. ILF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FLBR
FLBR Risk / Return Rank: 7373
Overall Rank
FLBR Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
FLBR Sortino Ratio Rank: 7777
Sortino Ratio Rank
FLBR Omega Ratio Rank: 7878
Omega Ratio Rank
FLBR Calmar Ratio Rank: 7474
Calmar Ratio Rank
FLBR Martin Ratio Rank: 5353
Martin Ratio Rank
ILF
ILF Risk / Return Rank: 8383
Overall Rank
ILF Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
ILF Sortino Ratio Rank: 8484
Sortino Ratio Rank
ILF Omega Ratio Rank: 8484
Omega Ratio Rank
ILF Calmar Ratio Rank: 8787
Calmar Ratio Rank
ILF Martin Ratio Rank: 7272
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLBR vs. ILF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil ETF (FLBR) and iShares Latin American 40 ETF (ILF). 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.

FLBRILFDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.13

-0.25

Sortino ratioReturn per unit of downside risk
2.46
2.78

-0.32

Omega ratioGain probability vs. loss probability

1.33

1.36

-0.03

Calmar ratioReturn relative to maximum drawdown

2.57

3.42

-0.85

Martin ratioReturn relative to average drawdown

6.14

8.81

-2.67

FLBR vs. ILF - Sharpe Ratio Comparison

The current FLBR Sharpe Ratio is 1.87, which is comparable to the ILF Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FLBR and ILF, 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

FLBR vs. ILF - Drawdown Comparison

The maximum FLBR drawdown since its inception was -57.42%, smaller than the maximum ILF drawdown of -67.48%. Use the drawdown chart below to compare losses from any high point for FLBR and ILF.

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Drawdown Indicators

FLBRILFDifference

Max Drawdown

Largest peak-to-trough decline

-57.42%

-67.48%

+10.06%

Max Drawdown (1Y)

Largest decline over 1 year

-18.38%

-13.94%

-4.44%

Max Drawdown (3Y)

Largest decline over 3 years

-28.97%

-23.97%

-5.00%

Max Drawdown (5Y)

Largest decline over 5 years

-32.31%

-29.71%

-2.60%

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.79%

—

Current Drawdown

Current decline from peak

-11.13%

-5.98%

-5.15%

Average Drawdown

Average peak-to-trough decline

-18.55%

-23.84%

+5.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.68%

5.40%

+2.28%

Volatility

FLBR vs. ILF - Volatility Comparison

Franklin FTSE Brazil ETF (FLBR) and iShares Latin American 40 ETF (ILF) have volatilities of 6.42% and 6.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLBRILFDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.42%

6.14%

+0.28%

Volatility (6M)

Calculated over the trailing 6-month period

19.42%

18.40%

+1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

25.26%

22.44%

+2.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.46%

23.10%

+4.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.89%

28.26%

+4.63%

FLBR vs. ILF - Expense Ratio Comparison

FLBR has a 0.19% expense ratio, which is lower than ILF's 0.47% expense ratio.

Dividends

FLBR vs. ILF - Dividend Comparison

FLBR's dividend yield for the trailing twelve months is around 5.66%, more than ILF's 3.34% yield.

PositionTTM20252024202320222021202020192018201720162015
FLBR
Franklin FTSE Brazil ETF		5.66%7.71%7.68%8.84%11.99%8.71%2.32%3.42%3.72%0.42%0.00%0.00%
ILF
iShares Latin American 40 ETF		3.34%4.39%7.44%4.61%12.72%8.47%1.88%3.09%3.12%1.80%1.59%3.25%

Frequently Asked Questions

With a correlation of 0.91, FLBR and ILF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FLBR has higher volatility (6.42%) compared to ILF (6.14%). In terms of maximum drawdown, FLBR dropped -57.42% vs ILF's -67.48%.

On 5-year performance, ILF leads with 11.24% vs 8.65% for FLBR. On fees, FLBR is cheaper at 0.19% per year. On volatility, ILF has been the lower-risk option at 6.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ILF has performed better with a 11.24% return vs 8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLBR is cheaper with a 0.19% expense ratio, compared with 0.47% for ILF.

FLBR has the higher dividend yield at 5.66%, compared with 3.34% for ILF.

FLBR tracks FTSE Brazil RIC Capped Index, while ILF tracks S&P Latin America 40 (Net). They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FLBR and 0.47% for ILF.

ILF currently has the higher Sharpe Ratio (2.13 vs 1.87), 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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