FLEH vs. EUSC

Last updated Jun 24, 2026

FLEH (Franklin FTSE Europe Hedged ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - FLEH 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 -0.12, they often move in opposite directions. FLEH charges 0.09%/yr vs 0.58%/yr for EUSC.

Performance

FLEH vs. EUSC - Performance Comparison

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

Returns By Period

FLEH

• 1D: -1.70%
• 1M: 1.76%
• YTD: 7.40%
• 6M: 7.90%
• 1Y: 20.48%
• 3Y*: 17.50%
• 5Y*: 11.75%
• 10Y*: —

EUSC

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLEH vs. EUSC - Yearly Performance Comparison

	2026 (YTD)
FLEH Franklin FTSE Europe Hedged ETF	0.45%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.18%

Correlation

The correlation between FLEH and EUSC is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.12

FLEH vs. EUSC - Sectors Allocation Comparison

Sectors	FLEH	EUSC
Financial Services	16.0%	28.4%
Industrials	15.3%	20.1%
Healthcare	14.8%	2.9%
Consumer Defensive	12.1%	4.1%
Consumer Cyclical	10.8%	9.1%
Technology	7.5%	4.4%
Basic Materials	6.8%	6.5%
Energy	5.5%	3.7%
Utilities	4.0%	6.5%
Communication Services	3.4%	5.0%
Real Estate	1.3%	9.3%

Return for Risk

FLEH vs. EUSC — Risk / Return Rank

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

FLEH

FLEH Risk / Return Rank: 35
FLEH Sharpe Ratio Rank: 35
FLEH Sortino Ratio Rank: 35
FLEH Omega Ratio Rank: 34
FLEH Calmar Ratio Rank: 32
FLEH Martin Ratio Rank: 38

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.

FLEH vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Europe Hedged ETF (FLEH) 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.

	FLEH	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	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.53	—	—
Martin ratio: Return relative to average drawdown	5.57	—	—

Drawdowns

FLEH vs. EUSC - Drawdown Comparison

The maximum FLEH drawdown since its inception was -33.94%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FLEH and EUSC.

Drawdown Indicators

	FLEH	EUSC	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	0.00%	-33.94%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	—	—
Current Drawdown Current decline from peak	-2.00%	0.00%	-2.00%
Average Drawdown Average peak-to-trough decline	-4.68%	0.00%	-4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	—	—

Volatility

Volatility by Period

	FLEH	EUSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	1.10%	+16.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	1.10%	+15.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	1.10%	+17.17%

FLEH vs. EUSC - Expense Ratio Comparison

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

Dividends

FLEH vs. EUSC - Dividend Comparison

FLEH's dividend yield for the trailing twelve months is around 1.08%, 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%
FLEH Franklin FTSE Europe Hedged ETF	1.08%	2.22%	3.18%	3.25%	21.45%	3.03%	1.94%	6.06%	12.17%	0.07%

Frequently Asked Questions

Can I hold both FLEH and EUSC in my portfolio?

FLEH and EUSC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLEH or EUSC?

On fees, FLEH 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, FLEH or EUSC?

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

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

FLEH has the higher dividend yield at 1.08%, compared with 0.00% for EUSC.

What is the main difference between FLEH and EUSC?

FLEH 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 FLEH and 0.58% for EUSC.