FLEE vs. EZBC
Compare and contrast key facts about Franklin FTSE Europe ETF (FLEE) and Franklin Bitcoin ETF (EZBC).
FLEE and EZBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLEE is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Developed Europe RIC Capped Index. It was launched on Nov 2, 2017. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both FLEE and EZBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLEE vs. EZBC - Performance Comparison
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FLEE vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLEE Franklin FTSE Europe ETF | -0.49% | 35.76% | 3.49% |
EZBC Franklin Bitcoin ETF | -22.55% | -6.56% | 100.18% |
Returns By Period
In the year-to-date period, FLEE achieves a -0.49% return, which is significantly higher than EZBC's -22.55% return.
FLEE
- 1D
- 3.33%
- 1M
- -7.60%
- YTD
- -0.49%
- 6M
- 5.81%
- 1Y
- 21.11%
- 3Y*
- 14.51%
- 5Y*
- 9.16%
- 10Y*
- —
EZBC
- 1D
- 1.90%
- 1M
- 3.29%
- YTD
- -22.55%
- 6M
- -40.81%
- 1Y
- -17.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FLEE vs. EZBC - Expense Ratio Comparison
FLEE has a 0.09% expense ratio, which is lower than EZBC's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FLEE vs. EZBC — Risk / Return Rank
FLEE
EZBC
FLEE vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Europe ETF (FLEE) and Franklin Bitcoin ETF (EZBC). 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.
| FLEE | EZBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | -0.40 | +1.60 |
Sortino ratioReturn per unit of downside risk | 1.72 | -0.29 | +2.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 0.97 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.39 | +2.00 |
Martin ratioReturn relative to average drawdown | 6.22 | -0.84 | +7.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLEE | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | -0.40 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.36 | +0.05 |
Correlation
The correlation between FLEE and EZBC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FLEE vs. EZBC - Dividend Comparison
FLEE's dividend yield for the trailing twelve months is around 2.77%, while EZBC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLEE Franklin FTSE Europe ETF | 2.77% | 2.76% | 3.93% | 2.57% | 3.48% | 3.61% | 1.88% | 3.02% | 3.85% | 0.02% |
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLEE vs. EZBC - Drawdown Comparison
The maximum FLEE drawdown since its inception was -37.27%, smaller than the maximum EZBC drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for FLEE and EZBC.
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Drawdown Indicators
| FLEE | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.27% | -49.37% | +12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.37% | -49.37% | +37.00% |
Max Drawdown (5Y)Largest decline over 5 years | -31.62% | — | — |
Current DrawdownCurrent decline from peak | -8.60% | -46.09% | +37.49% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -14.12% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 23.07% | -19.86% |
Volatility
FLEE vs. EZBC - Volatility Comparison
The current volatility for Franklin FTSE Europe ETF (FLEE) is 7.57%, while Franklin Bitcoin ETF (EZBC) has a volatility of 13.08%. This indicates that FLEE experiences smaller price fluctuations and is considered to be less risky than EZBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEE | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 13.08% | -5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 36.80% | -25.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 45.40% | -27.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 51.13% | -33.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 51.13% | -32.21% |