PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FLGR vs. EFNL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLGR vs. EFNL

Last updated Aug 5, 2026
Documentation

FLGR (Franklin FTSE Germany ETF) and EFNL (iShares MSCI Finland ETF) are both Europe Equities funds - FLGR tracks the FTSE Germany RIC Capped Index while EFNL tracks the MSCI Finland IMI 25/50 Index. Both are passively managed. Over the past 5 years, FLGR returned 7.78%/yr vs 4.21%/yr for EFNL. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FLGR charges 0.09%/yr vs 0.53%/yr for EFNL.

Performance

FLGR vs. EFNL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Germany ETF (FLGR) and iShares MSCI Finland ETF (EFNL). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FLGR achieves a 5.02% return, which is significantly lower than EFNL's 10.83% return.

FLGR

1D
1.04%
1M
3.52%
6M
2.61%
YTD
5.02%
1Y
8.32%
3Y*
18.88%
5Y*
7.78%
10Y*
—
ALL TIME*
6.33%

EFNL

1D
1.38%
1M
0.88%
6M
5.56%
YTD
10.83%
1Y
31.20%
3Y*
20.03%
5Y*
4.21%
10Y*
8.90%
ALL TIME*
8.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EFNL

iShares MSCI Finland ETF
$688.98K$2.67M$4.01M

FLGR

Franklin FTSE Germany ETF
$111.58K$111.40K$160.27K

FLGR vs. EFNL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLGR
Franklin FTSE Germany ETF		5.02%36.67%10.63%24.22%-21.96%5.40%12.11%19.99%-21.50%-0.16%
EFNL
iShares MSCI Finland ETF		10.83%53.59%-5.28%-0.12%-17.29%10.50%20.19%13.64%-6.86%-0.68%

Correlation

The correlation between FLGR and EFNL is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.67

Correlation (3Y)
Balances recent behavior with more history.

0.72

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.79

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

0.74

The correlation between FLGR and EFNL shifts across timeframes, from 0.67 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

FLGR vs. EFNL - Sectors Allocation Comparison

Sectors
FLGR
EFNL

Industrials

30.4%
21.0%

Financial Services

22.4%
28.6%

Technology

14.8%
16.4%

Consumer Cyclical

7.7%
4.4%

Healthcare

6.6%
4.4%

Communication Services

5.4%
2.3%

Basic Materials

5.2%
9.7%

Utilities

4.7%
3.8%

Consumer Defensive

1.5%
3.2%

Real Estate

1.2%
0.8%

Energy

-

5.0%

Industrials

FLGR
30.4%
EFNL
21.0%

Financial Services

FLGR
22.4%
EFNL
28.6%

Technology

FLGR
14.8%
EFNL
16.4%

Consumer Cyclical

FLGR
7.7%
EFNL
4.4%

Healthcare

FLGR
6.6%
EFNL
4.4%

Communication Services

FLGR
5.4%
EFNL
2.3%

Basic Materials

FLGR
5.2%
EFNL
9.7%

Utilities

FLGR
4.7%
EFNL
3.8%

Consumer Defensive

FLGR
1.5%
EFNL
3.2%

Real Estate

FLGR
1.2%
EFNL
0.8%

Energy

FLGR

-

EFNL
5.0%

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 Germany ETF

iShares MSCI Finland ETF

Often compared with FLGR:
FLGR vs. EWGFLGR vs. FLEUFLGR vs. DAXFLGR vs. EWSFLGR vs. FLSWFLGR vs. FLTWFLGR vs. ZECP
Often compared with EFNL:
EFNL vs. FNDAEFNL vs. CN1G.DEEFNL vs. EDENEFNL vs. EIRLEFNL vs. VFMFEFNL vs. VOOEFNL vs. VTI

Return for Risk

FLGR vs. EFNL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FLGR
FLGR Risk / Return Rank: 2020
Overall Rank
FLGR Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
FLGR Sortino Ratio Rank: 2020
Sortino Ratio Rank
FLGR Omega Ratio Rank: 2020
Omega Ratio Rank
FLGR Calmar Ratio Rank: 2020
Calmar Ratio Rank
FLGR Martin Ratio Rank: 2222
Martin Ratio Rank
EFNL
EFNL Risk / Return Rank: 5858
Overall Rank
EFNL Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
EFNL Sortino Ratio Rank: 5656
Sortino Ratio Rank
EFNL Omega Ratio Rank: 5555
Omega Ratio Rank
EFNL Calmar Ratio Rank: 6565
Calmar Ratio Rank
EFNL Martin Ratio Rank: 5555
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLGR vs. EFNL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Germany ETF (FLGR) and iShares MSCI Finland ETF (EFNL). 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.

FLGREFNLDifference
Sharpe ratioReturn per unit of total volatility
0.48
1.62

-1.15

Sortino ratioReturn per unit of downside risk
0.78
2.18

-1.40

Omega ratioGain probability vs. loss probability

1.10

1.28

-0.18

Calmar ratioReturn relative to maximum drawdown

0.58

2.58

-2.00

Martin ratioReturn relative to average drawdown

1.69

7.35

-5.66

FLGR vs. EFNL - Sharpe Ratio Comparison

The current FLGR Sharpe Ratio is 0.48, which is lower than the EFNL Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FLGR and EFNL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

FLGR vs. EFNL - Drawdown Comparison

The maximum FLGR drawdown since its inception was -46.21%, which is greater than EFNL's maximum drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for FLGR and EFNL.

Loading charts...

Drawdown Indicators

FLGREFNLDifference

Max Drawdown

Largest peak-to-trough decline

-46.21%

-38.70%

-7.51%

Max Drawdown (1Y)

Largest decline over 1 year

-14.44%

-12.17%

-2.27%

Max Drawdown (3Y)

Largest decline over 3 years

-15.53%

-15.78%

+0.25%

Max Drawdown (5Y)

Largest decline over 5 years

-42.69%

-38.70%

-3.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.70%

—

Current Drawdown

Current decline from peak

0.00%

-8.93%

+8.93%

Average Drawdown

Average peak-to-trough decline

-12.22%

-10.90%

-1.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.93%

4.25%

+0.68%

Volatility

FLGR vs. EFNL - Volatility Comparison

The current volatility for Franklin FTSE Germany ETF (FLGR) is 4.65%, while iShares MSCI Finland ETF (EFNL) has a volatility of 5.87%. This indicates that FLGR experiences smaller price fluctuations and is considered to be less risky than EFNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FLGREFNLDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.65%

5.87%

-1.22%

Volatility (6M)

Calculated over the trailing 6-month period

15.16%

16.32%

-1.16%

Volatility (1Y)

Calculated over the trailing 1-year period

17.54%

19.29%

-1.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.37%

20.01%

+0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.36%

19.92%

+1.44%

FLGR vs. EFNL - Expense Ratio Comparison

FLGR has a 0.09% expense ratio, which is lower than EFNL's 0.53% expense ratio.

Dividends

FLGR vs. EFNL - Dividend Comparison

FLGR's dividend yield for the trailing twelve months is around 3.24%, more than EFNL's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
EFNL
iShares MSCI Finland ETF		1.03%3.40%5.05%4.31%5.94%2.29%2.94%5.70%3.83%3.30%2.40%1.57%
FLGR
Franklin FTSE Germany ETF		3.24%1.72%2.40%2.99%3.50%2.67%2.61%2.52%3.06%0.00%0.00%0.00%

Frequently Asked Questions

FLGR and EFNL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EFNL has higher volatility (5.87%) compared to FLGR (4.65%). In terms of maximum drawdown, FLGR dropped -46.21% vs EFNL's -38.70%.

On 5-year performance, FLGR leads with 7.78% vs 4.21% for EFNL. On fees, FLGR is cheaper at 0.09% per year. On volatility, FLGR has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLGR has performed better with a 7.78% return vs 4.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLGR is cheaper with a 0.09% expense ratio, compared with 0.53% for EFNL.

FLGR has the higher dividend yield at 3.24%, compared with 1.03% for EFNL.

FLGR tracks FTSE Germany RIC Capped Index, while EFNL tracks MSCI Finland IMI 25/50 Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLGR and 0.53% for EFNL.

EFNL currently has the higher Sharpe Ratio (1.62 vs 0.48), 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.

Portfolio Optimizer

Find the right allocation for FLGR and EFNL

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer