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VOO vs. FLGB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOO vs. FLGB

Last updated Jun 14, 2026

VOO (Vanguard S&P 500 ETF) and FLGB (Franklin FTSE United Kingdom ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while FLGB is a Europe Equities fund tracking the FTSE UK RIC Capped Index. Both are passively managed. Over the past 5 years, VOO returned 13.43%/yr vs 10.82%/yr for FLGB. A 0.65 correlation means they provide meaningful diversification when combined. VOO charges 0.03%/yr vs 0.09%/yr for FLGB.

Performance

VOO vs. FLGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Franklin FTSE United Kingdom ETF (FLGB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VOO achieves a 9.08% return, which is significantly higher than FLGB's 6.90% return.

VOO

1D
0.55%
1M
-0.84%
YTD
9.08%
6M
9.44%
1Y
25.76%
3Y*
20.95%
5Y*
13.43%
10Y*
15.50%

FLGB

1D
0.62%
1M
1.23%
YTD
6.90%
6M
10.66%
1Y
20.66%
3Y*
17.88%
5Y*
10.82%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VOO vs. FLGB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VOO
Vanguard S&P 500 ETF		9.08%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%3.81%
FLGB
Franklin FTSE United Kingdom ETF		6.90%33.73%8.77%14.33%-6.00%17.14%-9.47%23.23%-11.60%1.12%

Correlation

The correlation between VOO and FLGB is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.64

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

0.61

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

0.64

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.65

The correlation between VOO and FLGB has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

VOO vs. FLGB - Sectors Allocation Comparison

Sectors
VOO
FLGB

Technology

35.6%
0.6%

Financial Services

11.6%
25.6%

Communication Services

11.1%
2.6%

Consumer Cyclical

10.1%
4.8%

Healthcare

8.5%
13.3%

Industrials

8.0%
12.9%

Consumer Defensive

4.9%
14.2%

Energy

3.5%
11.3%

Utilities

2.8%
4.9%

Real Estate

1.9%
0.8%

Basic Materials

1.8%
8.7%

Technology

VOO
35.6%
FLGB
0.6%

Financial Services

VOO
11.6%
FLGB
25.6%

Communication Services

VOO
11.1%
FLGB
2.6%

Consumer Cyclical

VOO
10.1%
FLGB
4.8%

Healthcare

VOO
8.5%
FLGB
13.3%

Industrials

VOO
8.0%
FLGB
12.9%

Consumer Defensive

VOO
4.9%
FLGB
14.2%

Energy

VOO
3.5%
FLGB
11.3%

Utilities

VOO
2.8%
FLGB
4.9%

Real Estate

VOO
1.9%
FLGB
0.8%

Basic Materials

VOO
1.8%
FLGB
8.7%

Compare stocks, funds, or ETFs

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

Vanguard S&P 500 ETF

Franklin FTSE United Kingdom ETF

Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV
Often compared with FLGB:
FLGB vs. EWUFLGB vs. FLAUFLGB vs. FLEEFLGB vs. IUKD.LFLGB vs. VFIAXFLGB vs. EUFNFLGB vs. HEDJ

Return for Risk

VOO vs. FLGB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VOO
VOO Risk / Return Rank: 7070
Overall Rank
VOO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6969
Sortino Ratio Rank
VOO Omega Ratio Rank: 7171
Omega Ratio Rank
VOO Calmar Ratio Rank: 6363
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
Martin Ratio Rank
FLGB
FLGB Risk / Return Rank: 4444
Overall Rank
FLGB Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
FLGB Sortino Ratio Rank: 4444
Sortino Ratio Rank
FLGB Omega Ratio Rank: 4242
Omega Ratio Rank
FLGB Calmar Ratio Rank: 4444
Calmar Ratio Rank
FLGB Martin Ratio Rank: 4747
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.

VOO vs. FLGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Franklin FTSE United Kingdom ETF (FLGB). 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.

VOOFLGBDifference
Sharpe ratioReturn per unit of total volatility
1.99
1.36

+0.63

Sortino ratioReturn per unit of downside risk
2.70
1.97

+0.72

Omega ratioGain probability vs. loss probability

1.36

1.24

+0.12

Calmar ratioReturn relative to maximum drawdown

2.75

1.92

+0.83

Martin ratioReturn relative to average drawdown

12.42

6.84

+5.59

VOO vs. FLGB - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 1.99, which is higher than the FLGB Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of VOO and FLGB, 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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Drawdowns

VOO vs. FLGB - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum FLGB drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for VOO and FLGB.

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Drawdown Indicators

VOOFLGBDifference

Max Drawdown

Largest peak-to-trough decline

-33.99%

-42.61%

+8.62%

Max Drawdown (1Y)

Largest decline over 1 year

-8.90%

-10.26%

+1.36%

Max Drawdown (3Y)

Largest decline over 3 years

-18.69%

-13.13%

-5.56%

Max Drawdown (5Y)

Largest decline over 5 years

-24.52%

-25.90%

+1.38%

Max Drawdown (10Y)

Largest decline over 10 years

-33.99%

—

—

Current Drawdown

Current decline from peak

-2.34%

-3.09%

+0.75%

Average Drawdown

Average peak-to-trough decline

-3.68%

-6.68%

+3.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

2.89%

-0.92%

Volatility

VOO vs. FLGB - Volatility Comparison

The current volatility for Vanguard S&P 500 ETF (VOO) is 4.34%, while Franklin FTSE United Kingdom ETF (FLGB) has a volatility of 5.27%. This indicates that VOO experiences smaller price fluctuations and is considered to be less risky than FLGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VOOFLGBDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

5.27%

-0.93%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

12.30%

-2.72%

Volatility (1Y)

Calculated over the trailing 1-year period

12.27%

14.48%

-2.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.88%

16.67%

+0.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

18.97%

-0.94%

VOO vs. FLGB - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than FLGB's 0.09% 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

VOO vs. FLGB - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.05%, less than FLGB's 3.27% yield.

PositionTTM20252024202320222021202020192018201720162015
FLGB
Franklin FTSE United Kingdom ETF		3.27%3.50%4.42%3.95%4.23%2.93%2.67%4.30%3.92%0.43%0.00%0.00%
VOO
Vanguard S&P 500 ETF		1.05%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

VOO and FLGB have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLGB has higher volatility (5.27%) compared to VOO (4.34%). In terms of maximum drawdown, VOO dropped -33.99% vs FLGB's -42.61%.

On 5-year performance, VOO leads with 13.43% vs 10.82% for FLGB. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, VOO has performed better with a 13.43% return vs 10.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.09% for FLGB.

FLGB has the higher dividend yield at 3.27%, compared with 1.05% for VOO.

VOO is categorized as S&P 500, while FLGB is Europe Equities. VOO tracks S&P 500 Index, while FLGB tracks FTSE UK RIC Capped Index. They also come from different issuers: Vanguard and Franklin Templeton. Their fees differ too: 0.03% for VOO and 0.09% for FLGB.

VOO currently has the higher Sharpe Ratio (1.99 vs 1.36), 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.

Portfolio Optimizer

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