RFEU vs. FLSW

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust RiverFront Dynamic Europe ETF (RFEU) and Franklin FTSE Switzerland ETF (FLSW).

RFEU and FLSW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFEU is an actively managed fund by First Trust. It was launched on Apr 14, 2016. FLSW is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Switzerland RIC Capped Index. It was launched on Feb 6, 2018.

Performance

RFEU vs. FLSW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RiverFront Dynamic Europe ETF (RFEU) and Franklin FTSE Switzerland ETF (FLSW). The values are adjusted to include any dividend payments, if applicable.

RFEU vs. FLSW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RFEU First Trust RiverFront Dynamic Europe ETF	1.50%	30.78%	-1.78%	16.19%	-24.17%	22.83%	6.25%	23.21%	-15.80%
FLSW Franklin FTSE Switzerland ETF	-2.21%	32.92%	-1.77%	16.79%	-18.14%	20.82%	13.25%	31.66%	-7.85%

Returns By Period

In the year-to-date period, RFEU achieves a 1.50% return, which is significantly higher than FLSW's -2.21% return.

RFEU

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.50%
• 6M: 8.37%
• 1Y: 22.55%
• 3Y*: 12.42%
• 5Y*: 6.12%
• 10Y*: —

FLSW

• 1D: 2.29%
• 1M: -10.00%
• YTD: -2.21%
• 6M: 5.90%
• 1Y: 16.22%
• 3Y*: 11.56%
• 5Y*: 8.03%
• 10Y*: —

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

RFEU vs. FLSW - Expense Ratio Comparison

RFEU has a 0.83% expense ratio, which is higher than FLSW's 0.09% expense ratio.

RFEU

First Trust RiverFront Dynamic Europe ETF

FLSW

Franklin FTSE Switzerland ETF

Return for Risk

RFEU vs. FLSW — Risk / Return Rank

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

RFEU

RFEU Risk / Return Rank: 84
RFEU Sharpe Ratio Rank: 84
RFEU Sortino Ratio Rank: 85
RFEU Omega Ratio Rank: 92
RFEU Calmar Ratio Rank: 72
RFEU Martin Ratio Rank: 89

FLSW

FLSW Risk / Return Rank: 51
FLSW Sharpe Ratio Rank: 58
FLSW Sortino Ratio Rank: 58
FLSW Omega Ratio Rank: 51
FLSW Calmar Ratio Rank: 44
FLSW Martin Ratio Rank: 46

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.

RFEU vs. FLSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RiverFront Dynamic Europe ETF (RFEU) and Franklin FTSE Switzerland ETF (FLSW). 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.

	RFEU	FLSW	Difference
Sharpe ratio Return per unit of total volatility	1.68	0.99	+0.69
Sortino ratio Return per unit of downside risk	2.28	1.46	+0.82
Omega ratio Gain probability vs. loss probability	1.41	1.19	+0.22
Calmar ratio Return relative to maximum drawdown	1.88	1.08	+0.80
Martin ratio Return relative to average drawdown	11.36	4.21	+7.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RFEU vs. FLSW - Sharpe Ratio Comparison

The current RFEU Sharpe Ratio is 1.68, which is higher than the FLSW Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of RFEU and FLSW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RFEU	FLSW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	0.99	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.52	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.54	-0.12

Correlation

The correlation between RFEU and FLSW is 0.70, 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

RFEU vs. FLSW - Dividend Comparison

RFEU's dividend yield for the trailing twelve months is around 2.83%, more than FLSW's 2.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RFEU First Trust RiverFront Dynamic Europe ETF	2.83%	2.87%	5.45%	3.37%	4.98%	1.82%	2.32%	3.08%	2.84%	1.35%	3.16%
FLSW Franklin FTSE Switzerland ETF	2.17%	2.12%	2.04%	2.36%	2.02%	1.86%	2.28%	1.15%	2.86%	0.00%	0.00%

Drawdowns

RFEU vs. FLSW - Drawdown Comparison

The maximum RFEU drawdown since its inception was -39.74%, which is greater than FLSW's maximum drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for RFEU and FLSW.

Drawdown Indicators

	RFEU	FLSW	Difference
Max Drawdown Largest peak-to-trough decline	-39.74%	-28.16%	-11.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.26%	-13.38%	+2.12%
Max Drawdown (5Y) Largest decline over 5 years	-35.92%	-28.16%	-7.76%
Current Drawdown Current decline from peak	-0.11%	-10.00%	+9.89%
Average Drawdown Average peak-to-trough decline	-9.79%	-5.97%	-3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	3.43%	-1.22%

Volatility

RFEU vs. FLSW - Volatility Comparison

The current volatility for First Trust RiverFront Dynamic Europe ETF (RFEU) is 0.00%, while Franklin FTSE Switzerland ETF (FLSW) has a volatility of 6.41%. This indicates that RFEU experiences smaller price fluctuations and is considered to be less risky than FLSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFEU	FLSW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	6.41%	-6.41%
Volatility (6M) Calculated over the trailing 6-month period	5.97%	10.64%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	14.96%	16.53%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	15.50%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	16.84%	+1.13%