FLEU vs. EZBC

Last updated Jun 3, 2026

FLEU (Franklin FTSE Eurozone ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FLEU is a Europe Equities fund tracking the FTSE Developed Eurozone Index - Benchmark TR Net, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, FLEU returned 19.04% vs -35.86% for EZBC. At a 0.33 correlation, their price movements are largely independent. FLEU charges 0.09%/yr vs 0.19%/yr for EZBC.

Performance

FLEU vs. EZBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Eurozone ETF (FLEU) and Franklin Bitcoin ETF (EZBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLEU achieves a 7.22% return, which is significantly higher than EZBC's -23.26% return.

FLEU

• 1D: 0.52%
• 1M: 3.45%
• YTD: 7.22%
• 6M: 10.70%
• 1Y: 19.04%
• 3Y*: 16.81%
• 5Y*: 12.08%
• 10Y*: —

EZBC

• 1D: -5.96%
• 1M: -14.30%
• YTD: -23.26%
• 6M: -26.35%
• 1Y: -35.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLEU vs. EZBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLEU Franklin FTSE Eurozone ETF	7.22%	41.56%	4.17%
EZBC Franklin Bitcoin ETF	-23.26%	-6.56%	100.18%

Correlation

The correlation between FLEU and EZBC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.33

Return for Risk

FLEU vs. EZBC — Risk / Return Rank

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

FLEU

FLEU Risk / Return Rank: 32
FLEU Sharpe Ratio Rank: 31
FLEU Sortino Ratio Rank: 31
FLEU Omega Ratio Rank: 31
FLEU Calmar Ratio Rank: 30
FLEU Martin Ratio Rank: 36

EZBC

EZBC Risk / Return Rank: 2
EZBC Sharpe Ratio Rank: 2
EZBC Sortino Ratio Rank: 2
EZBC Omega Ratio Rank: 2
EZBC Calmar Ratio Rank: 2
EZBC Martin Ratio Rank: 2

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.

FLEU vs. EZBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Eurozone ETF (FLEU) 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.

	FLEU	EZBC	Difference
Sharpe ratio Return per unit of total volatility	1.13	-0.83	+1.95
Sortino ratio Return per unit of downside risk	1.67	-1.09	+2.76
Omega ratio Gain probability vs. loss probability	1.21	0.88	+0.33
Calmar ratio Return relative to maximum drawdown	1.50	-0.73	+2.23
Martin ratio Return relative to average drawdown	5.48	-1.27	+6.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLEU vs. EZBC - Sharpe Ratio Comparison

The current FLEU Sharpe Ratio is 1.13, which is higher than the EZBC Sharpe Ratio of -0.83. The chart below compares the historical Sharpe Ratios of FLEU and EZBC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLEU	EZBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	-0.83	+1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.33	+0.24

Drawdowns

FLEU vs. EZBC - Drawdown Comparison

The maximum FLEU drawdown since its inception was -33.94%, smaller than the maximum EZBC drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for FLEU and EZBC.

Drawdown Indicators

	FLEU	EZBC	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-49.37%	+15.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-49.37%	+35.96%
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	-0.63%	-46.58%	+45.95%
Average Drawdown Average peak-to-trough decline	-4.71%	-15.96%	+11.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	28.26%	-24.58%

Volatility

FLEU vs. EZBC - Volatility Comparison

The current volatility for Franklin FTSE Eurozone ETF (FLEU) is 7.12%, while Franklin Bitcoin ETF (EZBC) has a volatility of 9.72%. This indicates that FLEU 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.

Volatility by Period

	FLEU	EZBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	9.72%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	14.35%	34.80%	-20.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	43.59%	-26.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	50.07%	-33.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	50.07%	-31.81%

FLEU vs. EZBC - Expense Ratio Comparison

FLEU 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%.

Dividends

FLEU vs. EZBC - Dividend Comparison

FLEU's dividend yield for the trailing twelve months is around 2.07%, while EZBC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EZBC Franklin Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLEU Franklin FTSE Eurozone ETF	2.07%	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 FLEU and EZBC in my portfolio?

FLEU and EZBC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLEU or EZBC?

EZBC has higher volatility (9.72%) compared to FLEU (7.12%). In terms of maximum drawdown, FLEU dropped -33.94% vs EZBC's -49.37%.

Which ETF is better, FLEU or EZBC?

On 1-year performance, FLEU leads with 19.04% vs -35.86% for EZBC. On fees, FLEU is cheaper at 0.09% per year. On volatility, FLEU has been the lower-risk option at 7.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLEU or EZBC?

Over the 1-year period, FLEU has performed better with a 19.04% return vs -35.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLEU or EZBC?

FLEU is cheaper with a 0.09% expense ratio, compared with 0.19% for EZBC.

Which ETF pays a higher dividend yield, FLEU or EZBC?

FLEU has the higher dividend yield at 2.07%, compared with 0.00% for EZBC.

What is the main difference between FLEU and EZBC?

FLEU is categorized as Europe Equities, while EZBC is Cryptocurrency. FLEU tracks FTSE Developed Eurozone Index - Benchmark TR Net, while EZBC tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.09% for FLEU and 0.19% for EZBC.

Which has better risk-adjusted returns?

FLEU currently has the higher Sharpe Ratio (1.13 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.