FLGR vs. HEZU
Compare and contrast key facts about Franklin FTSE Germany ETF (FLGR) and iShares Currency Hedged MSCI Eurozone ETF (HEZU).
FLGR and HEZU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLGR is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Germany RIC Capped Index. It was launched on Nov 2, 2017. HEZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU 100% USD Hedged Index. It was launched on Jul 9, 2014. Both FLGR and HEZU 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
FLGR vs. HEZU - Performance Comparison
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FLGR vs. HEZU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLGR Franklin FTSE Germany ETF | -5.28% | 36.67% | 10.63% | 24.22% | -21.96% | 5.40% | 12.11% | 19.99% | -21.50% | -0.27% |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 1.17% | 25.93% | 10.63% | 22.98% | -9.54% | 23.51% | 0.52% | 29.48% | -10.23% | -3.52% |
Returns By Period
In the year-to-date period, FLGR achieves a -5.28% return, which is significantly lower than HEZU's 1.17% return.
FLGR
- 1D
- 1.54%
- 1M
- -6.28%
- YTD
- -5.28%
- 6M
- -4.34%
- 1Y
- 10.13%
- 3Y*
- 15.65%
- 5Y*
- 6.59%
- 10Y*
- —
HEZU
- 1D
- 1.30%
- 1M
- -3.80%
- YTD
- 1.17%
- 6M
- 4.77%
- 1Y
- 16.24%
- 3Y*
- 15.13%
- 5Y*
- 11.76%
- 10Y*
- 11.43%
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FLGR vs. HEZU - Expense Ratio Comparison
FLGR has a 0.09% expense ratio, which is lower than HEZU's 0.52% expense ratio.
Return for Risk
FLGR vs. HEZU — Risk / Return Rank
FLGR
HEZU
FLGR vs. HEZU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Germany ETF (FLGR) and iShares Currency Hedged MSCI Eurozone ETF (HEZU). 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.
| FLGR | HEZU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.90 | -0.40 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.34 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.47 | -0.74 |
Martin ratioReturn relative to average drawdown | 2.27 | 5.46 | -3.19 |
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
| FLGR | HEZU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.90 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.73 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.54 | -0.29 |
Correlation
The correlation between FLGR and HEZU is 0.82, 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
FLGR vs. HEZU - Dividend Comparison
FLGR's dividend yield for the trailing twelve months is around 1.82%, less than HEZU's 2.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLGR Franklin FTSE Germany ETF | 1.82% | 1.72% | 2.40% | 2.99% | 3.50% | 2.67% | 2.61% | 2.52% | 3.06% | 0.00% | 0.00% | 0.00% |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.89% | 2.92% | 2.77% | 2.52% | 23.26% | 2.25% | 2.32% | 5.40% | 3.48% | 1.92% | 3.11% | 2.68% |
Drawdowns
FLGR vs. HEZU - Drawdown Comparison
The maximum FLGR drawdown since its inception was -46.21%, which is greater than HEZU's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for FLGR and HEZU.
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Drawdown Indicators
| FLGR | HEZU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.21% | -38.80% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -11.62% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -43.54% | -22.79% | -20.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.80% | — |
Current DrawdownCurrent decline from peak | -9.72% | -6.39% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -5.89% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 3.14% | +1.48% |
Volatility
FLGR vs. HEZU - Volatility Comparison
Franklin FTSE Germany ETF (FLGR) has a higher volatility of 8.23% compared to iShares Currency Hedged MSCI Eurozone ETF (HEZU) at 6.56%. This indicates that FLGR's price experiences larger fluctuations and is considered to be riskier than HEZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLGR | HEZU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 6.56% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 10.58% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 18.11% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.10% | 16.22% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.43% | 18.37% | +3.06% |