FLSW vs. EASG

Last updated Jun 4, 2026

FLSW (Franklin FTSE Switzerland ETF) and EASG (Xtrackers MSCI EAFE ESG Leaders Equity ETF) are both exchange-traded funds - FLSW is a Europe Equities fund tracking the FTSE Switzerland RIC Capped Index, while EASG is a Foreign Large Cap Equities fund tracking the MSCI EAFE ESG Leaders Index. Both are passively managed. Over the past 5 years, FLSW returned 6.80%/yr vs 6.85%/yr for EASG. Their correlation of 0.81 suggests significant overlap in exposure. FLSW charges 0.09%/yr vs 0.14%/yr for EASG.

Performance

FLSW vs. EASG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Switzerland ETF (FLSW) and Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLSW achieves a 1.77% return, which is significantly lower than EASG's 8.44% return.

FLSW

• 1D: -1.60%
• 1M: 1.15%
• YTD: 1.77%
• 6M: 5.12%
• 1Y: 13.32%
• 3Y*: 11.58%
• 5Y*: 6.80%
• 10Y*: —

EASG

• 1D: -0.48%
• 1M: 4.33%
• YTD: 8.44%
• 6M: 10.51%
• 1Y: 19.62%
• 3Y*: 13.77%
• 5Y*: 6.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLSW vs. EASG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLSW Franklin FTSE Switzerland ETF	1.77%	32.92%	-1.77%	16.79%	-18.14%	20.82%	13.25%	31.66%	-4.69%
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	8.44%	25.19%	2.26%	18.80%	-16.94%	11.36%	10.73%	23.66%	-5.41%

Correlation

The correlation between FLSW and EASG is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018	0.81

The correlation between FLSW and EASG has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

FLSW vs. EASG - Sectors Allocation Comparison

Sectors	FLSW	EASG
Healthcare	37.4%	10.3%
Financial Services	18.0%	23.5%
Consumer Defensive	14.0%	6.6%
Industrials	13.8%	18.5%
Basic Materials	7.7%	6.0%
Consumer Cyclical	5.2%	6.8%
Real Estate	1.3%	2.0%
Communication Services	1.2%	5.6%
Technology	1.1%	12.8%
Utilities	0.2%	4.7%
Energy	-	3.4%

Return for Risk

FLSW vs. EASG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLSW

FLSW Risk / Return Rank: 24
FLSW Sharpe Ratio Rank: 24
FLSW Sortino Ratio Rank: 24
FLSW Omega Ratio Rank: 23
FLSW Calmar Ratio Rank: 22
FLSW Martin Ratio Rank: 25

EASG

EASG Risk / Return Rank: 35
EASG Sharpe Ratio Rank: 35
EASG Sortino Ratio Rank: 35
EASG Omega Ratio Rank: 34
EASG Calmar Ratio Rank: 33
EASG Martin Ratio Rank: 39

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.

FLSW vs. EASG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Switzerland ETF (FLSW) and Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG). 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.

	FLSW	EASG	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.27	-0.41
Sortino ratio: Return per unit of downside risk	1.32	1.84	-0.52
Omega ratio: Gain probability vs. loss probability	1.15	1.23	-0.07
Calmar ratio: Return relative to maximum drawdown	1.00	1.68	-0.68
Martin ratio: Return relative to average drawdown	3.24	6.20	-2.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLSW vs. EASG - Sharpe Ratio Comparison

The current FLSW Sharpe Ratio is 0.86, which is lower than the EASG Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of FLSW and EASG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLSW	EASG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	1.27	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.41	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.51	+0.04

Drawdowns

FLSW vs. EASG - Drawdown Comparison

The maximum FLSW drawdown since its inception was -28.16%, smaller than the maximum EASG drawdown of -32.06%. Use the drawdown chart below to compare losses from any high point for FLSW and EASG.

Drawdown Indicators

	FLSW	EASG	Difference
Max Drawdown Largest peak-to-trough decline	-28.16%	-32.06%	+3.90%
Max Drawdown (1Y) Largest decline over 1 year	-13.38%	-11.74%	-1.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.38%	-16.14%	+2.76%
Max Drawdown (5Y) Largest decline over 5 years	-28.16%	-31.42%	+3.26%
Current Drawdown Current decline from peak	-6.34%	-0.60%	-5.74%
Average Drawdown Average peak-to-trough decline	-5.96%	-6.19%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	3.17%	+0.94%

Volatility

FLSW vs. EASG - Volatility Comparison

Franklin FTSE Switzerland ETF (FLSW) has a higher volatility of 5.13% compared to Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) at 4.83%. This indicates that FLSW's price experiences larger fluctuations and is considered to be riskier than EASG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLSW	EASG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	4.83%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	12.54%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	15.55%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	16.64%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	18.35%	-1.46%

FLSW vs. EASG - Expense Ratio Comparison

FLSW has a 0.09% expense ratio, which is lower than EASG's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLSW vs. EASG - Dividend Comparison

FLSW's dividend yield for the trailing twelve months is around 2.08%, less than EASG's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	3.86%	4.18%	2.93%	2.51%	2.47%	2.69%	1.70%	2.94%	0.85%
FLSW Franklin FTSE Switzerland ETF	2.08%	2.12%	2.04%	2.36%	2.02%	1.86%	2.28%	1.15%	2.86%

Frequently Asked Questions

Can I hold both FLSW and EASG in my portfolio?

FLSW and EASG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLSW or EASG?

FLSW has higher volatility (5.13%) compared to EASG (4.83%). In terms of maximum drawdown, FLSW dropped -28.16% vs EASG's -32.06%.

Which ETF is better, FLSW or EASG?

On 5-year performance, EASG leads with 6.85% vs 6.80% for FLSW. On fees, FLSW is cheaper at 0.09% per year. On volatility, EASG has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLSW or EASG?

Over the 5-year period, EASG has performed better with a 6.85% return vs 6.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLSW or EASG?

FLSW is cheaper with a 0.09% expense ratio, compared with 0.14% for EASG.

Which ETF pays a higher dividend yield, FLSW or EASG?

EASG has the higher dividend yield at 3.86%, compared with 2.08% for FLSW.

What is the main difference between FLSW and EASG?

FLSW is categorized as Europe Equities, while EASG is Foreign Large Cap Equities. FLSW tracks FTSE Switzerland RIC Capped Index, while EASG tracks MSCI EAFE ESG Leaders Index. They also come from different issuers: Franklin Templeton and Deutsche Bank. Their fees differ too: 0.09% for FLSW and 0.14% for EASG.

Which has better risk-adjusted returns?

EASG currently has the higher Sharpe Ratio (1.27 vs 0.86), 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.