FLEE vs. EUSC

Last updated Jul 17, 2026

FLEE (Franklin FTSE Europe ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - FLEE tracks the FTSE Developed Europe RIC Capped Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. At a correlation of -0.08, they often move in opposite directions. FLEE charges 0.09%/yr vs 0.58%/yr for EUSC.

Performance

FLEE vs. EUSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Europe ETF (FLEE) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLEE

• 1D: -0.41%
• 1M: 0.11%
• 6M: 5.23%
• YTD: 8.40%
• 1Y: 18.90%
• 3Y*: 15.67%
• 5Y*: 9.69%
• 10Y*: —

EUSC

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLEE vs. EUSC - Yearly Performance Comparison

	2026 (YTD)
FLEE Franklin FTSE Europe ETF	0.90%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.18%

Correlation

The correlation between FLEE and EUSC is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.08

FLEE vs. EUSC - Sectors Allocation Comparison

Sectors	FLEE	EUSC
Financial Services	25.0%	28.4%
Industrials	18.8%	20.1%
Healthcare	13.1%	2.9%
Technology	9.1%	4.4%
Consumer Defensive	8.4%	4.1%
Consumer Cyclical	6.5%	9.1%
Basic Materials	5.6%	6.5%
Utilities	4.7%	6.5%
Energy	4.3%	3.7%
Communication Services	3.0%	5.0%
Real Estate	1.0%	9.3%

Return for Risk

FLEE vs. EUSC — Risk / Return Rank

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

FLEE

FLEE Risk / Return Rank: 40
FLEE Sharpe Ratio Rank: 40
FLEE Sortino Ratio Rank: 41
FLEE Omega Ratio Rank: 38
FLEE Calmar Ratio Rank: 36
FLEE Martin Ratio Rank: 43

EUSC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FLEE vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Europe ETF (FLEE) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). 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.

	FLEE	EUSC	Difference
Sharpe ratio: Return per unit of total volatility	1.18	—	—
Sortino ratio: Return per unit of downside risk	1.75	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.53	—	—
Martin ratio: Return relative to average drawdown	5.57	—	—

Drawdowns

Drawdown Indicators

	FLEE	EUSC	Difference
Max Drawdown Largest peak-to-trough decline	-37.27%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.62%	—	—
Current Drawdown Current decline from peak	-1.43%	—	—
Average Drawdown Average peak-to-trough decline	-7.03%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	—	—

Volatility

Volatility by Period

	FLEE	EUSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	—	—

FLEE vs. EUSC - Expense Ratio Comparison

FLEE has a 0.09% expense ratio, which is lower than EUSC's 0.58% expense ratio.

Dividends

FLEE vs. EUSC - Dividend Comparison

FLEE's dividend yield for the trailing twelve months is around 3.16%, while EUSC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLEE Franklin FTSE Europe ETF	3.16%	2.76%	3.93%	2.57%	3.48%	3.61%	1.88%	3.02%	3.85%	0.02%

Frequently Asked Questions

Can I hold both FLEE and EUSC in my portfolio?

FLEE and EUSC have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLEE or EUSC?

On fees, FLEE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLEE or EUSC?

FLEE is cheaper with a 0.09% expense ratio, compared with 0.58% for EUSC.

Which ETF pays a higher dividend yield, FLEE or EUSC?

FLEE has the higher dividend yield at 3.16%, compared with 0.00% for EUSC.

What is the main difference between FLEE and EUSC?

FLEE tracks FTSE Developed Europe RIC Capped Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.09% for FLEE and 0.58% for EUSC.