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FLGB vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLGB vs. EUFN

Last updated Jun 4, 2026

FLGB (Franklin FTSE United Kingdom ETF) and EUFN (iShares MSCI Europe Financials ETF) are both exchange-traded funds - FLGB is a Europe Equities fund tracking the FTSE UK RIC Capped Index, while EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index. Both are passively managed. Over the past 5 years, FLGB returned 10.55%/yr vs 17.47%/yr for EUFN. A 0.80 correlation means they provide meaningful diversification when combined. FLGB charges 0.09%/yr vs 0.48%/yr for EUFN.

Performance

FLGB vs. EUFN - Performance Comparison

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

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Returns By Period

In the year-to-date period, FLGB achieves a 4.95% return, which is significantly higher than EUFN's 1.54% return.

FLGB

1D
-1.23%
1M
-0.37%
YTD
4.95%
6M
8.36%
1Y
19.53%
3Y*
17.52%
5Y*
10.55%
10Y*
—

EUFN

1D
-2.03%
1M
2.59%
YTD
1.54%
6M
8.77%
1Y
23.06%
3Y*
30.91%
5Y*
17.47%
10Y*
11.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLGB vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLGB
Franklin FTSE United Kingdom ETF		4.95%33.73%8.77%14.33%-6.00%17.14%-9.47%23.23%-11.60%1.12%
EUFN
iShares MSCI Europe Financials ETF		1.54%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%2.52%

Correlation

The correlation between FLGB and EUFN is 0.79, 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

0.79

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

0.82

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

0.84

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.80

The correlation between FLGB and EUFN has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

FLGB vs. EUFN - Sectors Allocation Comparison

Sectors
FLGB
EUFN

Financial Services

24.2%
97.3%

Industrials

14.2%
0.4%

Consumer Defensive

14.0%

-

Healthcare

13.6%

-

Energy

11.8%

-

Basic Materials

8.6%

-

Utilities

5.3%

-

Consumer Cyclical

4.4%
0.2%

Communication Services

2.6%

-

Real Estate

0.7%

-

Technology

0.7%
1.1%

Financial Services

FLGB
24.2%
EUFN
97.3%

Industrials

FLGB
14.2%
EUFN
0.4%

Consumer Defensive

FLGB
14.0%
EUFN

-

Healthcare

FLGB
13.6%
EUFN

-

Energy

FLGB
11.8%
EUFN

-

Basic Materials

FLGB
8.6%
EUFN

-

Utilities

FLGB
5.3%
EUFN

-

Consumer Cyclical

FLGB
4.4%
EUFN
0.2%

Communication Services

FLGB
2.6%
EUFN

-

Real Estate

FLGB
0.7%
EUFN

-

Technology

FLGB
0.7%
EUFN
1.1%

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 Europe Financials ETF

Often compared with FLGB:
FLGB vs. EWUFLGB vs. FLAUFLGB vs. FLEEFLGB vs. IUKD.LFLGB vs. VFIAXFLGB vs. HEDJFLGB vs. LVHI
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL

Return for Risk

FLGB vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLGB
FLGB Risk / Return Rank: 3939
Overall Rank
FLGB Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
FLGB Sortino Ratio Rank: 3838
Sortino Ratio Rank
FLGB Omega Ratio Rank: 3737
Omega Ratio Rank
FLGB Calmar Ratio Rank: 3838
Calmar Ratio Rank
FLGB Martin Ratio Rank: 4343
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 3232
Overall Rank
EUFN Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 3232
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3030
Omega Ratio Rank
EUFN Calmar Ratio Rank: 3232
Calmar Ratio Rank
EUFN Martin Ratio Rank: 3535
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. EUFN - Risk-Adjusted Trends Comparison

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

FLGBEUFNDifference
Sharpe ratioReturn per unit of total volatility
1.38
1.17

+0.21

Sortino ratioReturn per unit of downside risk
1.99
1.74

+0.25

Omega ratioGain probability vs. loss probability

1.25

1.21

+0.04

Calmar ratioReturn relative to maximum drawdown

1.91

1.57

+0.34

Martin ratioReturn relative to average drawdown

7.03

5.49

+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.

FLGB vs. EUFN - Sharpe Ratio Comparison

The current FLGB Sharpe Ratio is 1.38, which is comparable to the EUFN Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of FLGB and EUFN, 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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Sharpe Ratios by Period

FLGBEUFNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.38

1.17

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.81

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.27

+0.15

Drawdowns

FLGB vs. EUFN - Drawdown Comparison

The maximum FLGB drawdown since its inception was -42.61%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for FLGB and EUFN.

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Drawdown Indicators

FLGBEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-42.61%

-53.25%

+10.64%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-14.77%

+4.51%

Max Drawdown (3Y)

Largest decline over 3 years

-13.13%

-15.95%

+2.82%

Max Drawdown (5Y)

Largest decline over 5 years

-25.90%

-35.15%

+9.25%

Max Drawdown (10Y)

Largest decline over 10 years

—

-53.25%

—

Current Drawdown

Current decline from peak

-4.86%

-3.16%

-1.70%

Average Drawdown

Average peak-to-trough decline

-6.69%

-14.56%

+7.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

4.21%

-1.42%

Volatility

FLGB vs. EUFN - Volatility Comparison

The current volatility for Franklin FTSE United Kingdom ETF (FLGB) is 5.49%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 7.00%. This indicates that FLGB experiences smaller price fluctuations and is considered to be less risky than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLGBEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.49%

7.00%

-1.51%

Volatility (6M)

Calculated over the trailing 6-month period

12.06%

16.56%

-4.50%

Volatility (1Y)

Calculated over the trailing 1-year period

14.18%

19.75%

-5.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.63%

21.80%

-5.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.97%

24.55%

-5.58%

FLGB vs. EUFN - Expense Ratio Comparison

FLGB has a 0.09% expense ratio, which is lower than EUFN's 0.48% expense ratio.

Dividends

FLGB vs. EUFN - Dividend Comparison

FLGB's dividend yield for the trailing twelve months is around 3.33%, less than EUFN's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.52%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
FLGB
Franklin FTSE United Kingdom ETF		3.33%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 EUFN have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (7.00%) compared to FLGB (5.49%). In terms of maximum drawdown, FLGB dropped -42.61% vs EUFN's -53.25%.

On 5-year performance, EUFN leads with 17.47% vs 10.55% for FLGB. On fees, FLGB is cheaper at 0.09% per year. On volatility, FLGB has been the lower-risk option at 5.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EUFN has performed better with a 17.47% return vs 10.55%. 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 0.48% for EUFN.

EUFN has the higher dividend yield at 3.52%, compared with 3.33% for FLGB.

FLGB is categorized as Europe Equities, while EUFN is Financials Equities. FLGB tracks FTSE UK RIC Capped Index, while EUFN tracks MSCI Europe Financials Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLGB and 0.48% for EUFN.

FLGB currently has the higher Sharpe Ratio (1.38 vs 1.17), 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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