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FLBR vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLBR vs. VOO

Last updated Aug 2, 2026
Documentation

FLBR (Franklin FTSE Brazil ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - FLBR is a Latin America Equities fund tracking the FTSE Brazil RIC Capped Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, FLBR returned 8.65%/yr vs 12.83%/yr for VOO. Their 0.44 correlation means their historical movements had little consistent relationship. FLBR charges 0.19%/yr vs 0.03%/yr for VOO.

Performance

FLBR vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Brazil ETF (FLBR) and Vanguard S&P 500 ETF (VOO). 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 VOO's 10.16% 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%

VOO

1D
0.71%
1M
0.26%
6M
8.58%
YTD
10.16%
1Y
21.58%
3Y*
19.42%
5Y*
12.83%
10Y*
15.14%
ALL TIME*
14.78%
*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

VOO

Vanguard S&P 500 ETF
$3.82B$3.78B$5.44B

FLBR vs. VOO - 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%
VOO
Vanguard S&P 500 ETF		10.16%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%3.81%

Correlation

The correlation between FLBR and VOO is 0.48, which is low. Their historical price movements had little consistent relationship.

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

0.48

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

0.43

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

0.39

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

0.44

FLBR vs. VOO - Sectors Allocation Comparison

Sectors
FLBR
VOO

Financial Services

26.3%
11.4%

Energy

17.8%
3.0%

Basic Materials

15.6%
1.7%

Utilities

15.0%
2.2%

Industrials

12.4%
8.5%

Consumer Defensive

4.6%
4.5%

Consumer Cyclical

2.6%
9.5%

Healthcare

2.5%
8.9%

Communication Services

1.8%
9.9%

Real Estate

0.9%
1.8%

Technology

0.7%
38.6%

Financial Services

FLBR
26.3%
VOO
11.4%

Energy

FLBR
17.8%
VOO
3.0%

Basic Materials

FLBR
15.6%
VOO
1.7%

Utilities

FLBR
15.0%
VOO
2.2%

Industrials

FLBR
12.4%
VOO
8.5%

Consumer Defensive

FLBR
4.6%
VOO
4.5%

Consumer Cyclical

FLBR
2.6%
VOO
9.5%

Healthcare

FLBR
2.5%
VOO
8.9%

Communication Services

FLBR
1.8%
VOO
9.9%

Real Estate

FLBR
0.9%
VOO
1.8%

Technology

FLBR
0.7%
VOO
38.6%

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

Vanguard S&P 500 ETF

Often compared with FLBR:
FLBR vs. EWZFLBR vs. ILFFLBR vs. FLLAFLBR vs. FLAUFLBR vs. USDFLBR vs. GALFLBR vs. BRF
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. FXAIXVOO vs. SPYVOO vs. VGT

Return for Risk

FLBR vs. VOO — 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
VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6565
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil ETF (FLBR) and Vanguard S&P 500 ETF (VOO). 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.

FLBRVOODifference
Sharpe ratioReturn per unit of total volatility
1.87
1.53

+0.34

Sortino ratioReturn per unit of downside risk
2.46
2.13

+0.33

Omega ratioGain probability vs. loss probability

1.33

1.28

+0.05

Calmar ratioReturn relative to maximum drawdown

2.57

2.21

+0.36

Martin ratioReturn relative to average drawdown

6.14

9.44

-3.29

FLBR vs. VOO - Sharpe Ratio Comparison

The current FLBR Sharpe Ratio is 1.87, which is comparable to the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FLBR and VOO, 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. VOO - Drawdown Comparison

The maximum FLBR drawdown since its inception was -57.42%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FLBR and VOO.

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Drawdown Indicators

FLBRVOODifference

Max Drawdown

Largest peak-to-trough decline

-57.42%

-33.99%

-23.43%

Max Drawdown (1Y)

Largest decline over 1 year

-18.38%

-8.90%

-9.48%

Max Drawdown (3Y)

Largest decline over 3 years

-28.97%

-18.69%

-10.28%

Max Drawdown (5Y)

Largest decline over 5 years

-32.31%

-24.52%

-7.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.99%

—

Current Drawdown

Current decline from peak

-11.13%

-1.38%

-9.75%

Average Drawdown

Average peak-to-trough decline

-18.55%

-3.67%

-14.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.68%

2.08%

+5.60%

Volatility

FLBR vs. VOO - Volatility Comparison

Franklin FTSE Brazil ETF (FLBR) has a higher volatility of 6.42% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that FLBR's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLBRVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.42%

3.54%

+2.88%

Volatility (6M)

Calculated over the trailing 6-month period

19.42%

10.10%

+9.32%

Volatility (1Y)

Calculated over the trailing 1-year period

25.26%

12.82%

+12.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.46%

16.93%

+10.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.89%

18.01%

+14.88%

FLBR vs. VOO - Expense Ratio Comparison

FLBR has a 0.19% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison

FLBR's dividend yield for the trailing twelve months is around 5.66%, more than VOO's 1.07% 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%
VOO
Vanguard S&P 500 ETF		1.07%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

FLBR and VOO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLBR has higher volatility (6.42%) compared to VOO (3.54%). In terms of maximum drawdown, FLBR dropped -57.42% vs VOO's -33.99%.

On 5-year performance, VOO leads with 12.83% vs 8.65% for FLBR. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, VOO has performed better with a 12.83% return vs 8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.19% for FLBR.

FLBR has the higher dividend yield at 5.66%, compared with 1.07% for VOO.

FLBR is categorized as Latin America Equities, while VOO is S&P 500. FLBR tracks FTSE Brazil RIC Capped Index, while VOO tracks S&P 500 Index. They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.19% for FLBR and 0.03% for VOO.

FLBR currently has the higher Sharpe Ratio (1.87 vs 1.53), 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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