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FLGB vs. EPOL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLGB vs. EPOL

Last updated Jul 14, 2026
Documentation

FLGB (Franklin FTSE United Kingdom ETF) and EPOL (iShares MSCI Poland ETF) are both Europe Equities funds - FLGB tracks the FTSE UK RIC Capped Index while EPOL tracks the MSCI Poland Investable Market Index. Both are passively managed. Over the past 5 years, FLGB returned 11.43%/yr vs 17.18%/yr for EPOL. A 0.63 correlation means they provide meaningful diversification when combined. FLGB charges 0.09%/yr vs 0.61%/yr for EPOL.

Performance

FLGB vs. EPOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE United Kingdom ETF (FLGB) and iShares MSCI Poland ETF (EPOL). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FLGB achieves a 6.88% return, which is significantly lower than EPOL's 14.97% return.

FLGB

1D
-0.50%
1M
-0.02%
6M
4.43%
YTD
6.88%
1Y
19.32%
3Y*
17.22%
5Y*
11.43%
10Y*
—

EPOL

1D
-0.52%
1M
-1.20%
6M
11.21%
YTD
14.97%
1Y
30.89%
3Y*
31.49%
5Y*
17.18%
10Y*
11.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLGB vs. EPOL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLGB
Franklin FTSE United Kingdom ETF		6.88%33.73%8.77%14.33%-6.00%17.14%-9.47%23.23%-11.60%1.12%
EPOL
iShares MSCI Poland ETF		14.97%77.34%-2.61%50.70%-24.62%12.21%-8.38%-6.13%-13.76%3.06%

Correlation

The correlation between FLGB and EPOL is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.63

The correlation between FLGB and EPOL has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

FLGB vs. EPOL - Sectors Allocation Comparison

Sectors
FLGB
EPOL

Financial Services

27.5%
44.6%

Consumer Defensive

14.2%
5.8%

Healthcare

13.4%
0.6%

Industrials

13.4%
1.7%

Energy

9.5%
14.5%

Basic Materials

8.1%
7.3%

Consumer Cyclical

5.1%
13.1%

Utilities

4.7%
4.8%

Communication Services

2.4%
5.7%

Real Estate

0.9%

-

Technology

0.6%
2.0%

Financial Services

FLGB
27.5%
EPOL
44.6%

Consumer Defensive

FLGB
14.2%
EPOL
5.8%

Healthcare

FLGB
13.4%
EPOL
0.6%

Industrials

FLGB
13.4%
EPOL
1.7%

Energy

FLGB
9.5%
EPOL
14.5%

Basic Materials

FLGB
8.1%
EPOL
7.3%

Consumer Cyclical

FLGB
5.1%
EPOL
13.1%

Utilities

FLGB
4.7%
EPOL
4.8%

Communication Services

FLGB
2.4%
EPOL
5.7%

Real Estate

FLGB
0.9%
EPOL

-

Technology

FLGB
0.6%
EPOL
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin FTSE United Kingdom ETF

iShares MSCI Poland ETF

Often compared with FLGB:
FLGB vs. EWUFLGB vs. FLAUFLGB vs. FLEEFLGB vs. IUKD.LFLGB vs. EUFNFLGB vs. VFIAXFLGB vs. HEDJ
Often compared with EPOL:
EPOL vs. SPYEPOL vs. EWQEPOL vs. IBCJ.DEEPOL vs. EIRLEPOL vs. EWPEPOL vs. EWWEPOL vs. EWK

Return for Risk

FLGB vs. EPOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLGB
FLGB Risk / Return Rank: 4747
Overall Rank
FLGB Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
FLGB Sortino Ratio Rank: 4848
Sortino Ratio Rank
FLGB Omega Ratio Rank: 4646
Omega Ratio Rank
FLGB Calmar Ratio Rank: 4646
Calmar Ratio Rank
FLGB Martin Ratio Rank: 4848
Martin Ratio Rank
EPOL
EPOL Risk / Return Rank: 5353
Overall Rank
EPOL Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
EPOL Sortino Ratio Rank: 4949
Sortino Ratio Rank
EPOL Omega Ratio Rank: 4343
Omega Ratio Rank
EPOL Calmar Ratio Rank: 7070
Calmar Ratio Rank
EPOL Martin Ratio Rank: 5555
Martin Ratio Rank
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.

FLGB vs. EPOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE United Kingdom ETF (FLGB) and iShares MSCI Poland ETF (EPOL). 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.

FLGBEPOLDifference
Sharpe ratioReturn per unit of total volatility
1.33
1.34

-0.01

Sortino ratioReturn per unit of downside risk
1.95
1.95

0.00

Omega ratioGain probability vs. loss probability

1.24

1.23

+0.01

Calmar ratioReturn relative to maximum drawdown

1.89

2.81

-0.92

Martin ratioReturn relative to average drawdown

6.35

7.48

-1.13

FLGB vs. EPOL - Sharpe Ratio Comparison

The current FLGB Sharpe Ratio is 1.33, which is comparable to the EPOL Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of FLGB and EPOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FLGB vs. EPOL - Drawdown Comparison

The maximum FLGB drawdown since its inception was -42.61%, smaller than the maximum EPOL drawdown of -63.72%. Use the drawdown chart below to compare losses from any high point for FLGB and EPOL.

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Drawdown Indicators

FLGBEPOLDifference

Max Drawdown

Largest peak-to-trough decline

-42.61%

-63.72%

+21.11%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-11.04%

+0.78%

Max Drawdown (3Y)

Largest decline over 3 years

-13.13%

-21.81%

+8.68%

Max Drawdown (5Y)

Largest decline over 5 years

-25.90%

-54.21%

+28.31%

Max Drawdown (10Y)

Largest decline over 10 years

—

-61.41%

—

Current Drawdown

Current decline from peak

-3.11%

-1.30%

-1.81%

Average Drawdown

Average peak-to-trough decline

-6.65%

-26.73%

+20.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

4.14%

-1.09%

Volatility

FLGB vs. EPOL - Volatility Comparison

The current volatility for Franklin FTSE United Kingdom ETF (FLGB) is 4.47%, while iShares MSCI Poland ETF (EPOL) has a volatility of 7.18%. This indicates that FLGB experiences smaller price fluctuations and is considered to be less risky than EPOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLGBEPOLDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

7.18%

-2.71%

Volatility (6M)

Calculated over the trailing 6-month period

12.61%

18.40%

-5.79%

Volatility (1Y)

Calculated over the trailing 1-year period

14.61%

23.27%

-8.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.62%

29.14%

-12.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.93%

27.41%

-8.48%

FLGB vs. EPOL - Expense Ratio Comparison

FLGB has a 0.09% expense ratio, which is lower than EPOL's 0.61% expense ratio.

Dividends

FLGB vs. EPOL - Dividend Comparison

FLGB's dividend yield for the trailing twelve months is around 2.97%, less than EPOL's 3.66% yield.

PositionTTM20252024202320222021202020192018201720162015
EPOL
iShares MSCI Poland ETF		3.66%4.78%6.04%2.87%2.65%1.33%1.44%2.51%1.44%1.88%2.14%2.53%
FLGB
Franklin FTSE United Kingdom ETF		2.97%3.50%4.42%3.95%4.23%2.93%2.67%4.30%3.92%0.43%0.00%0.00%

Frequently Asked Questions

FLGB and EPOL have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPOL has higher volatility (7.18%) compared to FLGB (4.47%). In terms of maximum drawdown, FLGB dropped -42.61% vs EPOL's -63.72%.

On 5-year performance, EPOL leads with 17.18% vs 11.43% for FLGB. On fees, FLGB is cheaper at 0.09% per year. On volatility, FLGB has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EPOL has performed better with a 17.18% return vs 11.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLGB is cheaper with a 0.09% expense ratio, compared with 0.61% for EPOL.

EPOL has the higher dividend yield at 3.66%, compared with 2.97% for FLGB.

FLGB tracks FTSE UK RIC Capped Index, while EPOL tracks MSCI Poland Investable Market Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLGB and 0.61% for EPOL.

EPOL currently has the higher Sharpe Ratio (1.34 vs 1.33), 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.

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