FLEU vs. SPY
Compare and contrast key facts about Franklin FTSE Eurozone ETF (FLEU) and State Street SPDR S&P 500 ETF (SPY).
FLEU and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLEU is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Developed Eurozone Index - Benchmark TR Net. It was launched on Nov 2, 2017. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FLEU and SPY 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
FLEU vs. SPY - Performance Comparison
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FLEU vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLEU Franklin FTSE Eurozone ETF | -2.81% | 41.56% | 2.26% | 16.21% | -9.14% | 23.27% | 0.95% | 26.94% | -8.54% | -1.24% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 3.62% |
Returns By Period
In the year-to-date period, FLEU achieves a -2.81% return, which is significantly higher than SPY's -4.37% return.
FLEU
- 1D
- 3.62%
- 1M
- -9.14%
- YTD
- -2.81%
- 6M
- 1.86%
- 1Y
- 21.11%
- 3Y*
- 14.33%
- 5Y*
- 10.90%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FLEU vs. SPY - Expense Ratio Comparison
FLEU has a 0.09% expense ratio, which is lower than SPY's 0.09% 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%.
Return for Risk
FLEU vs. SPY — Risk / Return Rank
FLEU
SPY
FLEU vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Eurozone ETF (FLEU) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.93 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.45 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.53 | -0.04 |
Martin ratioReturn relative to average drawdown | 5.76 | 7.30 | -1.54 |
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
| FLEU | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.93 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.69 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Correlation
The correlation between FLEU and SPY is 0.64, 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
FLEU vs. SPY - Dividend Comparison
FLEU's dividend yield for the trailing twelve months is around 2.29%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLEU Franklin FTSE Eurozone ETF | 2.29% | 2.22% | 3.18% | 3.25% | 21.45% | 3.03% | 1.94% | 6.06% | 12.17% | 0.07% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FLEU vs. SPY - Drawdown Comparison
The maximum FLEU drawdown since its inception was -33.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLEU and SPY.
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Drawdown Indicators
| FLEU | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -55.19% | +21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -12.05% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -24.50% | +5.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -9.92% | -6.24% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -9.09% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.52% | +0.93% |
Volatility
FLEU vs. SPY - Volatility Comparison
Franklin FTSE Eurozone ETF (FLEU) has a higher volatility of 8.86% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that FLEU's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEU | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 5.31% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 9.47% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 19.05% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.91% | 17.06% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 17.92% | +0.24% |