FLEH vs. PSK
Compare and contrast key facts about Franklin FTSE Europe Hedged ETF (FLEH) and SPDR ICE Preferred Securities ETF (PSK).
FLEH and PSK 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. PSK is a passively managed fund by State Street that tracks the performance of the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index. It was launched on Sep 16, 2009. Both FLEH and PSK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLEH or PSK.
Key characteristics
| FLEH | PSK |
|---|
Correlation
The correlation between FLEH and PSK is 0.37, 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.
Performance
FLEH vs. PSK - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLEH vs. PSK - Expense Ratio Comparison
FLEH has a 0.09% expense ratio, which is lower than PSK's 0.45% expense ratio.
Risk-Adjusted Performance
FLEH vs. PSK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Europe Hedged ETF (FLEH) and SPDR ICE Preferred Securities ETF (PSK). 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.
Dividends
FLEH vs. PSK - Dividend Comparison
FLEH has not paid dividends to shareholders, while PSK's dividend yield for the trailing twelve months is around 6.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLEH Franklin FTSE Europe Hedged ETF | 3.68% | 3.25% | 1.84% | 3.03% | 1.94% | 6.06% | 12.17% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
PSK SPDR ICE Preferred Securities ETF | 6.18% | 6.44% | 6.55% | 5.03% | 5.49% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% | 7.73% |
Drawdowns
FLEH vs. PSK - Drawdown Comparison
Volatility
FLEH vs. PSK - Volatility Comparison
The current volatility for Franklin FTSE Europe Hedged ETF (FLEH) is 0.00%, while SPDR ICE Preferred Securities ETF (PSK) has a volatility of 2.97%. This indicates that FLEH experiences smaller price fluctuations and is considered to be less risky than PSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.