FLGB vs. FLEH
Compare and contrast key facts about Franklin FTSE United Kingdom ETF (FLGB) and Franklin FTSE Europe Hedged ETF (FLEH).
FLGB and FLEH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLGB is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE UK RIC Capped Index. It was launched on Nov 2, 2017. 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. Both FLGB and FLEH 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
FLGB vs. FLEH - Performance Comparison
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FLGB vs. FLEH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLGB Franklin FTSE United Kingdom ETF | 4.30% | 33.73% | 8.77% | 14.33% | -6.00% | 17.14% | -9.47% | 23.23% | -11.60% | 1.12% |
FLEH Franklin FTSE Europe Hedged ETF | -1.92% | 41.56% | 2.26% | 16.21% | -9.14% | 23.27% | 0.95% | 26.94% | -8.54% | -1.24% |
Returns By Period
In the year-to-date period, FLGB achieves a 4.30% return, which is significantly higher than FLEH's -1.92% return.
FLGB
- 1D
- -0.34%
- 1M
- -1.51%
- YTD
- 4.30%
- 6M
- 10.24%
- 1Y
- 27.05%
- 3Y*
- 17.39%
- 5Y*
- 12.08%
- 10Y*
- —
FLEH
- 1D
- -0.69%
- 1M
- -2.29%
- YTD
- -1.92%
- 6M
- 1.00%
- 1Y
- 21.28%
- 3Y*
- 14.47%
- 5Y*
- 11.11%
- 10Y*
- —
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FLGB vs. FLEH - Expense Ratio Comparison
Both FLGB and FLEH have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FLGB vs. FLEH — Risk / Return Rank
FLGB
FLEH
FLGB vs. FLEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE United Kingdom ETF (FLGB) and Franklin FTSE Europe Hedged ETF (FLEH). 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.
| FLGB | FLEH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.11 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.18 | 1.67 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.63 | +0.68 |
Martin ratioReturn relative to average drawdown | 10.11 | 6.17 | +3.93 |
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
| FLGB | FLEH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.11 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.70 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.52 | -0.10 |
Correlation
The correlation between FLGB and FLEH is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLGB vs. FLEH - Dividend Comparison
FLGB's dividend yield for the trailing twelve months is around 3.35%, more than FLEH's 2.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLGB Franklin FTSE United Kingdom ETF | 3.35% | 3.50% | 4.42% | 3.95% | 4.23% | 2.93% | 2.67% | 4.30% | 3.92% | 0.43% |
FLEH Franklin FTSE Europe Hedged ETF | 2.26% | 2.22% | 3.18% | 3.25% | 21.45% | 3.03% | 1.94% | 6.06% | 12.17% | 0.07% |
Drawdowns
FLGB vs. FLEH - Drawdown Comparison
The maximum FLGB drawdown since its inception was -42.61%, which is greater than FLEH's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FLGB and FLEH.
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Drawdown Indicators
| FLGB | FLEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -33.94% | -8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -13.41% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -18.67% | -7.23% |
Current DrawdownCurrent decline from peak | -5.45% | -9.10% | +3.65% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -4.73% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 3.54% | -0.83% |
Volatility
FLGB vs. FLEH - Volatility Comparison
The current volatility for Franklin FTSE United Kingdom ETF (FLGB) is 6.61%, while Franklin FTSE Europe Hedged ETF (FLEH) has a volatility of 8.15%. This indicates that FLGB experiences smaller price fluctuations and is considered to be less risky than FLEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLGB | FLEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 8.15% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 12.26% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.88% | 19.29% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 15.91% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 18.16% | +0.81% |