FLEH vs. FLSW
Compare and contrast key facts about Franklin FTSE Europe Hedged ETF (FLEH) and Franklin FTSE Switzerland ETF (FLSW).
FLEH and FLSW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLEH 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. FLSW is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Switzerland RIC Capped Index. It was launched on Feb 6, 2018. Both FLEH and FLSW 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
FLEH vs. FLSW - Performance Comparison
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FLEH vs. FLSW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLEH Franklin FTSE Europe Hedged ETF | -2.81% | 41.56% | 2.26% | 16.21% | -9.14% | 23.27% | 0.95% | 26.94% | -6.19% |
FLSW Franklin FTSE Switzerland ETF | -2.21% | 32.92% | -1.77% | 16.79% | -18.14% | 20.82% | 13.25% | 31.66% | -7.85% |
Returns By Period
In the year-to-date period, FLEH achieves a -2.81% return, which is significantly lower than FLSW's -2.21% return.
FLEH
- 1D
- 3.62%
- 1M
- -9.14%
- YTD
- -2.81%
- 6M
- 1.86%
- 1Y
- 21.11%
- 3Y*
- 14.33%
- 5Y*
- 10.90%
- 10Y*
- —
FLSW
- 1D
- 2.29%
- 1M
- -10.00%
- YTD
- -2.21%
- 6M
- 5.90%
- 1Y
- 16.22%
- 3Y*
- 11.56%
- 5Y*
- 8.03%
- 10Y*
- —
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FLEH vs. FLSW - Expense Ratio Comparison
Both FLEH and FLSW have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FLEH vs. FLSW — Risk / Return Rank
FLEH
FLSW
FLEH vs. FLSW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Europe Hedged ETF (FLEH) and Franklin FTSE Switzerland ETF (FLSW). 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.
| FLEH | FLSW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.99 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.46 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.08 | +0.40 |
Martin ratioReturn relative to average drawdown | 5.76 | 4.21 | +1.56 |
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
| FLEH | FLSW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.99 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.52 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.54 | -0.02 |
Correlation
The correlation between FLEH and FLSW is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FLEH vs. FLSW - Dividend Comparison
FLEH's dividend yield for the trailing twelve months is around 2.29%, more than FLSW's 2.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLEH Franklin FTSE Europe Hedged ETF | 2.29% | 2.22% | 3.18% | 3.25% | 21.45% | 3.03% | 1.94% | 6.06% | 12.17% | 0.07% |
FLSW Franklin FTSE Switzerland ETF | 2.17% | 2.12% | 2.04% | 2.36% | 2.02% | 1.86% | 2.28% | 1.15% | 2.86% | 0.00% |
Drawdowns
FLEH vs. FLSW - Drawdown Comparison
The maximum FLEH drawdown since its inception was -33.94%, which is greater than FLSW's maximum drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for FLEH and FLSW.
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Drawdown Indicators
| FLEH | FLSW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -28.16% | -5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -13.38% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -28.16% | +9.49% |
Current DrawdownCurrent decline from peak | -9.92% | -10.00% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -5.97% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 3.43% | +0.02% |
Volatility
FLEH vs. FLSW - Volatility Comparison
Franklin FTSE Europe Hedged ETF (FLEH) has a higher volatility of 8.86% compared to Franklin FTSE Switzerland ETF (FLSW) at 6.41%. This indicates that FLEH's price experiences larger fluctuations and is considered to be riskier than FLSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEH | FLSW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 6.41% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 10.64% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 16.53% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.91% | 15.50% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 16.84% | +1.32% |