PTEU vs. FLEU

Last updated Jun 24, 2026

PTEU (Pacer Trendpilot European Index ETF) and FLEU (Franklin FTSE Eurozone ETF) are both Europe Equities funds - PTEU tracks the Pacer Trendpilot European Index while FLEU tracks the FTSE Developed Eurozone Index - Benchmark TR Net. Both are passively managed. Over the past 5 years, PTEU returned 7.49%/yr vs 11.75%/yr for FLEU. A 0.69 correlation means they provide meaningful diversification when combined. PTEU charges 0.65%/yr vs 0.09%/yr for FLEU.

Performance

PTEU vs. FLEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot European Index ETF (PTEU) and Franklin FTSE Eurozone ETF (FLEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTEU achieves a 6.67% return, which is significantly lower than FLEU's 7.40% return.

PTEU

• 1D: -1.95%
• 1M: 1.07%
• YTD: 6.67%
• 6M: 6.75%
• 1Y: 19.59%
• 3Y*: 10.88%
• 5Y*: 7.49%
• 10Y*: 5.37%

FLEU

• 1D: -1.70%
• 1M: 1.76%
• YTD: 7.40%
• 6M: 7.90%
• 1Y: 20.48%
• 3Y*: 17.50%
• 5Y*: 11.75%
• 10Y*: —

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

PTEU vs. FLEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTEU Pacer Trendpilot European Index ETF	6.67%	30.80%	-0.50%	12.45%	-7.46%	13.43%	-19.41%	13.50%	-16.87%	-0.19%
FLEU Franklin FTSE Eurozone ETF	7.40%	41.56%	2.26%	16.21%	-9.14%	23.27%	0.95%	26.94%	-8.54%	-1.24%

Correlation

The correlation between PTEU and FLEU is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.69

Over the past year, PTEU and FLEU have become more correlated (0.93) than their long-term average of 0.69, meaning their price movements have been converging.

Return for Risk

PTEU vs. FLEU — Risk / Return Rank

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

PTEU

PTEU Risk / Return Rank: 34
PTEU Sharpe Ratio Rank: 34
PTEU Sortino Ratio Rank: 34
PTEU Omega Ratio Rank: 33
PTEU Calmar Ratio Rank: 33
PTEU Martin Ratio Rank: 36

FLEU

FLEU Risk / Return Rank: 34
FLEU Sharpe Ratio Rank: 34
FLEU Sortino Ratio Rank: 35
FLEU Omega Ratio Rank: 34
FLEU Calmar Ratio Rank: 32
FLEU Martin Ratio Rank: 37

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.

PTEU vs. FLEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot European Index ETF (PTEU) and Franklin FTSE Eurozone ETF (FLEU). 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.

	PTEU	FLEU	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.18	-0.03
Sortino ratio: Return per unit of downside risk	1.68	1.75	-0.07
Omega ratio: Gain probability vs. loss probability	1.21	1.22	-0.01
Calmar ratio: Return relative to maximum drawdown	1.53	1.53	0.00
Martin ratio: Return relative to average drawdown	5.31	5.57	-0.26

PTEU vs. FLEU - Sharpe Ratio Comparison

The current PTEU Sharpe Ratio is 1.15, which is comparable to the FLEU Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of PTEU and FLEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTEU vs. FLEU - Drawdown Comparison

The maximum PTEU drawdown since its inception was -35.45%, roughly equal to the maximum FLEU drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PTEU and FLEU.

Drawdown Indicators

	PTEU	FLEU	Difference
Max Drawdown Largest peak-to-trough decline	-35.45%	-33.94%	-1.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.82%	-13.41%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-15.04%	-15.67%	+0.63%
Max Drawdown (5Y) Largest decline over 5 years	-15.04%	-18.67%	+3.63%
Max Drawdown (10Y) Largest decline over 10 years	-35.45%	—	—
Current Drawdown Current decline from peak	-2.23%	-2.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-14.43%	-4.68%	-9.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	3.69%	+0.01%

Volatility

PTEU vs. FLEU - Volatility Comparison

The current volatility for Pacer Trendpilot European Index ETF (PTEU) is 5.01%, while Franklin FTSE Eurozone ETF (FLEU) has a volatility of 5.38%. This indicates that PTEU experiences smaller price fluctuations and is considered to be less risky than FLEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTEU	FLEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	5.38%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	14.55%	15.05%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	17.53%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	16.47%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.54%	18.27%	-3.73%

PTEU vs. FLEU - Expense Ratio Comparison

PTEU has a 0.65% expense ratio, which is higher than FLEU's 0.09% expense ratio.

Dividends

PTEU vs. FLEU - Dividend Comparison

PTEU's dividend yield for the trailing twelve months is around 1.80%, more than FLEU's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLEU Franklin FTSE Eurozone ETF	1.08%	2.22%	3.18%	3.25%	21.45%	3.03%	1.94%	6.06%	12.17%	0.07%
PTEU Pacer Trendpilot European Index ETF	1.80%	1.92%	3.49%	2.74%	0.69%	1.55%	0.00%	3.43%	1.86%	0.60%

Frequently Asked Questions

Can I hold both PTEU and FLEU in my portfolio?

With a correlation of 0.93, PTEU and FLEU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PTEU or FLEU?

FLEU has higher volatility (5.38%) compared to PTEU (5.01%). In terms of maximum drawdown, PTEU dropped -35.45% vs FLEU's -33.94%.

Which ETF is better, PTEU or FLEU?

On 5-year performance, FLEU leads with 11.75% vs 7.49% for PTEU. On fees, FLEU is cheaper at 0.09% per year. On volatility, PTEU has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTEU or FLEU?

Over the 5-year period, FLEU has performed better with a 11.75% return vs 7.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTEU or FLEU?

FLEU is cheaper with a 0.09% expense ratio, compared with 0.65% for PTEU.

Which ETF pays a higher dividend yield, PTEU or FLEU?

PTEU has the higher dividend yield at 1.80%, compared with 1.08% for FLEU.

What is the main difference between PTEU and FLEU?

PTEU tracks Pacer Trendpilot European Index, while FLEU tracks FTSE Developed Eurozone Index - Benchmark TR Net. They also come from different issuers: Pacer and Franklin Templeton. Their fees differ too: 0.65% for PTEU and 0.09% for FLEU.

Which has better risk-adjusted returns?

FLEU currently has the higher Sharpe Ratio (1.18 vs 1.15), 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.