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ETFs

Franklin FTSE Europe Hedged ETF

FLEU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 02 2017
Expense Ratio
0.09%
Type
Global Ex. US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$57,762
AUM
$29,148,000
Associated Index
FTSE Developed Europe Capped Index USD Hedged
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with FLEU

What is FLEU?

Franklin FTSE Europe Hedged ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Europe Capped Hedged Index. FTSE Developed Europe Capped Hedged to USD Index is a market-capitalization weighted index representing the performance of large and mid capitalization stocks domiciled in European countries classified as Developed.

ETFs related toFLEU

ETFs correlated to FLEU include DBEU, HEZU, DBEF

FLEU
Franklin Templeton ETF Trust - Franklin FTSE Eurozone ETF
DBEU
DBX ETF Trust - Xtrackers MSCI Europe Hedged Equity ETF
HEZU
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EMU ETF
DBEF
DBX ETF Trust - Xtrackers MSCI EAFE Hedged Equity ETF
HEFA
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EAFE ETF
HEDJ
WisdomTree Trust - WisdomTree Europe Hedged Equity Fund
IHDG
WisdomTree Trust - WisdomTree International Hedged Quality Dividend Growth Fund
HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
DDWM
WisdomTree Trust - WisdomTree Dynamic Currency Hedged International Equity Fund
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFLEU

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FLEU using Composer

FAQ

FLEH is a Global Ex. US Equities ETF. Franklin FTSE Europe Hedged ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Europe Capped Hedged Index. FTSE Developed Europe Capped Hedged to USD Index is a market-capitalization weighted index representing the performance of large and mid capitalization stocks domiciled in European countries classified as Developed.

FLEH tracks the FTSE Developed Europe Capped Index USD Hedged.

No, FLEH is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FLEH is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLEH is 0.0221%. This is the percent change in the value of FLEH over the most recent 1-month period. The 3-month return on FLEH is 0.0123%. This is the percent change in the value of FLEH over the most recent 3-month period.

The standard deviation of FLEH for the past year is 0.2316%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLEH include EEM, ILF, and EFA.

ETFs correlated to FLEH include DBEU, HEZU, and DBEF.

ETFs that are inversely correlated to FLEH include EPV, EFZ, and SEF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.