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FLXB.DE vs. EWZ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FLXB.DE vs. EWZ

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin FTSE Brazil UCITS ETF (FLXB.DE) and iShares MSCI Brazil ETF (EWZ).

FLXB.DE and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLXB.DE is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Brazil 30/18 Capped. It was launched on Jun 4, 2019. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. Both FLXB.DE and EWZ 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

FLXB.DE vs. EWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Franklin FTSE Brazil UCITS ETF (FLXB.DE) and iShares MSCI Brazil ETF (EWZ). The values are adjusted to include any dividend payments, if applicable.

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FLXB.DE vs. EWZ - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FLXB.DE
Franklin FTSE Brazil UCITS ETF		26.00%29.01%-23.72%28.92%18.78%-11.29%-26.34%15.80%
EWZ
iShares MSCI Brazil ETF		22.63%31.15%-25.82%28.65%19.04%-11.13%-26.92%17.50%
Different Trading Currencies

FLXB.DE is traded in EUR, while EWZ is traded in USD. To make them comparable, the EWZ values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLXB.DE achieves a 26.00% return, which is significantly higher than EWZ's 22.63% return.

FLXB.DE

1D
1.91%
1M
2.12%
YTD
26.00%
6M
34.22%
1Y
43.33%
3Y*
18.37%
5Y*
12.89%
10Y*
—

EWZ

1D
-0.16%
1M
0.35%
YTD
22.63%
6M
31.71%
1Y
44.40%
3Y*
16.67%
5Y*
12.20%
10Y*
8.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Brazil UCITS ETF

iShares MSCI Brazil ETF

Often compared with FLXB.DE:
FLXB.DE vs. FLXX.DEFLXB.DE vs. FLXU.DEFLXB.DE vs. AMEL.DEFLXB.DE vs. IQQB.DEFLXB.DE vs. FLRA.DEFLXB.DE vs. DBX3.DEFLXB.DE vs. FLXT.DE
Often compared with EWZ:
EWZ vs. EWZSEWZ vs. SPYEWZ vs. FLBREWZ vs. ILFEWZ vs. EWWEWZ vs. IBZL.LEWZ vs. ARGT

FLXB.DE vs. EWZ - Expense Ratio Comparison

FLXB.DE has a 0.19% expense ratio, which is lower than EWZ's 0.59% expense ratio.

EWZ
iShares MSCI Brazil ETF
FLXB.DE
Franklin FTSE Brazil UCITS ETF

Return for Risk

FLXB.DE vs. EWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLXB.DE
FLXB.DE Risk / Return Rank: 8585
Overall Rank
FLXB.DE Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FLXB.DE Sortino Ratio Rank: 8484
Sortino Ratio Rank
FLXB.DE Omega Ratio Rank: 7979
Omega Ratio Rank
FLXB.DE Calmar Ratio Rank: 9191
Calmar Ratio Rank
FLXB.DE Martin Ratio Rank: 8888
Martin Ratio Rank
EWZ
EWZ Risk / Return Rank: 9292
Overall Rank
EWZ Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EWZ Sortino Ratio Rank: 9191
Sortino Ratio Rank
EWZ Omega Ratio Rank: 8787
Omega Ratio Rank
EWZ Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWZ Martin Ratio Rank: 9292
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.

FLXB.DE vs. EWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FLXB.DE) and iShares MSCI Brazil ETF (EWZ). 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.

FLXB.DEEWZDifference

Sharpe ratio

Return per unit of total volatility

1.79

1.76

+0.02

Sortino ratio

Return per unit of downside risk

2.34

2.33

+0.02

Omega ratio

Gain probability vs. loss probability

1.32

1.31

+0.01

Calmar ratio

Return relative to maximum drawdown

3.46

3.98

-0.53

Martin ratio

Return relative to average drawdown

11.81

11.05

+0.76

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLXB.DE vs. EWZ - Sharpe Ratio Comparison

The current FLXB.DE Sharpe Ratio is 1.79, which is comparable to the EWZ Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of FLXB.DE and EWZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FLXB.DEEWZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.79

1.76

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.46

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.26

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

0.08

+0.10

Correlation

The correlation between FLXB.DE and EWZ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FLXB.DE vs. EWZ - Dividend Comparison

FLXB.DE has not paid dividends to shareholders, while EWZ's dividend yield for the trailing twelve months is around 4.30%.

TTM20252024202320222021202020192018201720162015
FLXB.DE
Franklin FTSE Brazil UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EWZ
iShares MSCI Brazil ETF		4.30%5.19%8.91%5.66%12.59%9.87%1.71%2.54%2.89%1.71%1.81%4.08%

Drawdowns

FLXB.DE vs. EWZ - Drawdown Comparison

The maximum FLXB.DE drawdown since its inception was -54.94%, smaller than the maximum EWZ drawdown of -69.20%. Use the drawdown chart below to compare losses from any high point for FLXB.DE and EWZ.

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Drawdown Indicators

FLXB.DEEWZDifference

Max Drawdown

Largest peak-to-trough decline

-54.94%

-77.25%

+22.31%

Max Drawdown (1Y)

Largest decline over 1 year

-13.39%

-11.44%

-1.95%

Max Drawdown (5Y)

Largest decline over 5 years

-28.51%

-32.24%

+3.73%

Max Drawdown (10Y)

Largest decline over 10 years

—

-56.99%

—

Current Drawdown

Current decline from peak

0.00%

-15.89%

+15.89%

Average Drawdown

Average peak-to-trough decline

-18.71%

-36.09%

+17.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.77%

4.30%

-0.53%

Volatility

FLXB.DE vs. EWZ - Volatility Comparison

The current volatility for Franklin FTSE Brazil UCITS ETF (FLXB.DE) is 8.81%, while iShares MSCI Brazil ETF (EWZ) has a volatility of 10.04%. This indicates that FLXB.DE experiences smaller price fluctuations and is considered to be less risky than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLXB.DEEWZDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.81%

10.04%

-1.23%

Volatility (6M)

Calculated over the trailing 6-month period

18.66%

18.67%

-0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

24.18%

25.34%

-1.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.85%

26.69%

-0.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.25%

33.80%

-2.55%