FLEE vs. GSEU

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin FTSE Europe ETF (FLEE) and Goldman Sachs ActiveBeta Europe Equity ETF (GSEU).

FLEE and GSEU 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. GSEU is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta Europe Equity Index. It was launched on Mar 2, 2016. Both FLEE and GSEU 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. GSEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Europe ETF (FLEE) and Goldman Sachs ActiveBeta Europe Equity ETF (GSEU). The values are adjusted to include any dividend payments, if applicable.

FLEE vs. GSEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLEE Franklin FTSE Europe ETF	-0.49%	35.76%	2.03%	20.46%	-15.22%	16.84%	5.33%	24.41%	-14.97%	1.47%
GSEU Goldman Sachs ActiveBeta Europe Equity ETF	-1.07%	35.70%	2.00%	20.74%	-17.90%	17.33%	6.64%	24.57%	-14.29%	1.22%

Returns By Period

In the year-to-date period, FLEE achieves a -0.49% return, which is significantly higher than GSEU's -1.07% return.

FLEE

• 1D: 3.33%
• 1M: -7.60%
• YTD: -0.49%
• 6M: 5.81%
• 1Y: 21.11%
• 3Y*: 14.51%
• 5Y*: 9.16%
• 10Y*: —

GSEU

• 1D: 2.96%
• 1M: -7.92%
• YTD: -1.07%
• 6M: 4.48%
• 1Y: 20.81%
• 3Y*: 14.25%
• 5Y*: 8.55%
• 10Y*: 8.82%

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

FLEE vs. GSEU - Expense Ratio Comparison

FLEE has a 0.09% expense ratio, which is lower than GSEU's 0.25% 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%.

GSEU

Goldman Sachs ActiveBeta Europe Equity ETF

FLEE

Franklin FTSE Europe ETF

Return for Risk

FLEE vs. GSEU — Risk / Return Rank

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

FLEE

FLEE Risk / Return Rank: 67
FLEE Sharpe Ratio Rank: 70
FLEE Sortino Ratio Rank: 70
FLEE Omega Ratio Rank: 66
FLEE Calmar Ratio Rank: 65
FLEE Martin Ratio Rank: 64

GSEU

GSEU Risk / Return Rank: 67
GSEU Sharpe Ratio Rank: 69
GSEU Sortino Ratio Rank: 68
GSEU Omega Ratio Rank: 67
GSEU Calmar Ratio Rank: 65
GSEU Martin Ratio Rank: 64

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. GSEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Europe ETF (FLEE) and Goldman Sachs ActiveBeta Europe Equity ETF (GSEU). 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	GSEU	Difference
Sharpe ratio Return per unit of total volatility	1.21	1.20	0.00
Sortino ratio Return per unit of downside risk	1.72	1.70	+0.02
Omega ratio Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio Return relative to maximum drawdown	1.61	1.64	-0.03
Martin ratio Return relative to average drawdown	6.22	6.35	-0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLEE vs. GSEU - Sharpe Ratio Comparison

The current FLEE Sharpe Ratio is 1.21, which is comparable to the GSEU Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of FLEE and GSEU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLEE	GSEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.20	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.51	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.49	-0.09

Correlation

The correlation between FLEE and GSEU is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FLEE vs. GSEU - Dividend Comparison

FLEE's dividend yield for the trailing twelve months is around 2.77%, which matches GSEU's 2.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%
GSEU Goldman Sachs ActiveBeta Europe Equity ETF	2.75%	2.72%	2.35%	3.41%	3.34%	2.71%	1.84%	3.69%	3.40%	2.51%	2.74%

Drawdowns

FLEE vs. GSEU - Drawdown Comparison

The maximum FLEE drawdown since its inception was -37.27%, roughly equal to the maximum GSEU drawdown of -35.71%. Use the drawdown chart below to compare losses from any high point for FLEE and GSEU.

Drawdown Indicators

	FLEE	GSEU	Difference
Max Drawdown Largest peak-to-trough decline	-37.27%	-35.71%	-1.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.37%	-11.90%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-31.62%	-33.98%	+2.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.71%	—
Current Drawdown Current decline from peak	-8.60%	-8.35%	-0.25%
Average Drawdown Average peak-to-trough decline	-7.18%	-6.66%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.08%	+0.13%

Volatility

FLEE vs. GSEU - Volatility Comparison

Franklin FTSE Europe ETF (FLEE) and Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) have volatilities of 7.57% and 7.68%, 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.

Volatility by Period

	FLEE	GSEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.57%	7.68%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	10.90%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.61%	17.42%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.19%	16.99%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	18.03%	+0.89%