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IEV vs. FLGR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEV vs. FLGR

Last updated Jun 5, 2026

IEV (iShares Europe ETF) and FLGR (Franklin FTSE Germany ETF) are both Europe Equities funds - IEV tracks the S&P Europe 350 Index while FLGR tracks the FTSE Germany RIC Capped Index. Both are passively managed. Over the past 5 years, IEV returned 8.80%/yr vs 6.62%/yr for FLGR. Their correlation of 0.87 suggests significant overlap in exposure. IEV charges 0.59%/yr vs 0.09%/yr for FLGR.

Performance

IEV vs. FLGR - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IEV achieves a 6.59% return, which is significantly higher than FLGR's 1.25% return.

IEV

1D
1.15%
1M
2.48%
YTD
6.59%
6M
9.69%
1Y
18.09%
3Y*
16.65%
5Y*
8.80%
10Y*
9.15%

FLGR

1D
0.81%
1M
1.63%
YTD
1.25%
6M
4.52%
1Y
3.05%
3Y*
18.11%
5Y*
6.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEV vs. FLGR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEV
iShares Europe ETF		6.59%35.63%1.36%20.14%-14.24%16.73%4.07%24.03%-14.68%0.85%
FLGR
Franklin FTSE Germany ETF		1.25%36.67%10.63%24.22%-21.96%5.40%12.11%19.99%-21.50%-0.27%

Correlation

The correlation between IEV and FLGR is 0.87, 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

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.87

The correlation between IEV and FLGR has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

IEV vs. FLGR - Sectors Allocation Comparison

Sectors
IEV
FLGR

Financial Services

23.9%
21.7%

Industrials

19.3%
30.5%

Healthcare

13.1%
5.8%

Technology

8.7%
13.9%

Consumer Defensive

8.3%
1.4%

Consumer Cyclical

6.7%
8.2%

Basic Materials

5.7%
5.9%

Energy

5.6%

-

Utilities

5.0%
5.0%

Communication Services

2.9%
6.3%

Real Estate

0.8%
1.3%

Financial Services

IEV
23.9%
FLGR
21.7%

Industrials

IEV
19.3%
FLGR
30.5%

Healthcare

IEV
13.1%
FLGR
5.8%

Technology

IEV
8.7%
FLGR
13.9%

Consumer Defensive

IEV
8.3%
FLGR
1.4%

Consumer Cyclical

IEV
6.7%
FLGR
8.2%

Basic Materials

IEV
5.7%
FLGR
5.9%

Energy

IEV
5.6%
FLGR

-

Utilities

IEV
5.0%
FLGR
5.0%

Communication Services

IEV
2.9%
FLGR
6.3%

Real Estate

IEV
0.8%
FLGR
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Europe ETF

Franklin FTSE Germany ETF

Often compared with IEV:
IEV vs. VGKIEV vs. IEURIEV vs. SPYIEV vs. FEZIEV vs. EZUIEV vs. VOOIEV vs. SPEU
Often compared with FLGR:
FLGR vs. EWGFLGR vs. FLEUFLGR vs. DAXFLGR vs. EWSFLGR vs. FLSWFLGR vs. ZECPFLGR vs. FLTW

Return for Risk

IEV vs. FLGR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEV
IEV Risk / Return Rank: 3333
Overall Rank
IEV Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
IEV Sortino Ratio Rank: 3333
Sortino Ratio Rank
IEV Omega Ratio Rank: 3232
Omega Ratio Rank
IEV Calmar Ratio Rank: 3131
Calmar Ratio Rank
IEV Martin Ratio Rank: 3636
Martin Ratio Rank
FLGR
FLGR Risk / Return Rank: 1212
Overall Rank
FLGR Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
FLGR Sortino Ratio Rank: 1111
Sortino Ratio Rank
FLGR Omega Ratio Rank: 1212
Omega Ratio Rank
FLGR Calmar Ratio Rank: 1212
Calmar Ratio Rank
FLGR Martin Ratio Rank: 1212
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.

IEV vs. FLGR - Risk-Adjusted Trends Comparison

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

IEVFLGRDifference
Sharpe ratioReturn per unit of total volatility
1.16
0.18

+0.99

Sortino ratioReturn per unit of downside risk
1.71
0.37

+1.34

Omega ratioGain probability vs. loss probability

1.21

1.05

+0.16

Calmar ratioReturn relative to maximum drawdown

1.48

0.21

+1.26

Martin ratioReturn relative to average drawdown

5.40

0.61

+4.79

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

IEV vs. FLGR - Sharpe Ratio Comparison

The current IEV Sharpe Ratio is 1.16, which is higher than the FLGR Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of IEV and FLGR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IEVFLGRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

0.18

+0.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.33

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.28

-0.05

Drawdowns

IEV vs. FLGR - Drawdown Comparison

The maximum IEV drawdown since its inception was -63.27%, which is greater than FLGR's maximum drawdown of -46.21%. Use the drawdown chart below to compare losses from any high point for IEV and FLGR.

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Drawdown Indicators

IEVFLGRDifference

Max Drawdown

Largest peak-to-trough decline

-63.27%

-46.21%

-17.06%

Max Drawdown (1Y)

Largest decline over 1 year

-12.31%

-14.44%

+2.13%

Max Drawdown (3Y)

Largest decline over 3 years

-14.63%

-15.53%

+0.90%

Max Drawdown (5Y)

Largest decline over 5 years

-30.60%

-43.54%

+12.94%

Max Drawdown (10Y)

Largest decline over 10 years

-36.62%

—

—

Current Drawdown

Current decline from peak

-1.65%

-3.49%

+1.84%

Average Drawdown

Average peak-to-trough decline

-15.04%

-12.37%

-2.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

5.03%

-1.67%

Volatility

IEV vs. FLGR - Volatility Comparison

The current volatility for iShares Europe ETF (IEV) is 5.56%, while Franklin FTSE Germany ETF (FLGR) has a volatility of 5.90%. This indicates that IEV experiences smaller price fluctuations and is considered to be less risky than FLGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEVFLGRDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.56%

5.90%

-0.34%

Volatility (6M)

Calculated over the trailing 6-month period

12.99%

14.03%

-1.04%

Volatility (1Y)

Calculated over the trailing 1-year period

15.62%

17.19%

-1.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

20.26%

-2.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.66%

21.43%

-2.77%

IEV vs. FLGR - Expense Ratio Comparison

IEV has a 0.59% expense ratio, which is higher than FLGR's 0.09% expense ratio.

Dividends

IEV vs. FLGR - Dividend Comparison

IEV's dividend yield for the trailing twelve months is around 2.56%, more than FLGR's 1.70% yield.

PositionTTM20252024202320222021202020192018201720162015
FLGR
Franklin FTSE Germany ETF		1.70%1.72%2.40%2.99%3.50%2.67%2.61%2.52%3.06%0.00%0.00%0.00%
IEV
iShares Europe ETF		2.56%2.73%3.10%2.77%3.06%2.81%1.76%3.06%3.43%2.39%3.08%2.81%

Frequently Asked Questions

IEV and FLGR have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLGR has higher volatility (5.90%) compared to IEV (5.56%). In terms of maximum drawdown, IEV dropped -63.27% vs FLGR's -46.21%.

On 5-year performance, IEV leads with 8.80% vs 6.62% for FLGR. On fees, FLGR is cheaper at 0.09% per year. On volatility, IEV has been the lower-risk option at 5.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IEV has performed better with a 8.80% return vs 6.62%. 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 0.59% for IEV.

IEV has the higher dividend yield at 2.56%, compared with 1.70% for FLGR.

IEV tracks S&P Europe 350 Index, while FLGR tracks FTSE Germany RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.59% for IEV and 0.09% for FLGR.

IEV currently has the higher Sharpe Ratio (1.16 vs 0.18), 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.

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