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ETFs

Franklin FTSE Eurozone ETF

FLEU
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 2, 2017
Expense Ratio
0.09%
Type
Global Ex. US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$143,976
AUM
$17,808,000
Associated Index
FTSE Developed Eurozone Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with FLEU
Trade FLEU Options

What is FLEU?

Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the Underlying Index and in depositary receipts representing such securities. The Underlying Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell. The Underlying Index is designed to measure the performance of large- and mid-capitalization stocks from developed Eurozone countries. The Eurozone is a geographic and economic region that consists of all the European Union (EU) countries that have fully incorporated the euro as their national currency. The Underlying Index currently consists of securities from the following ten developed market countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal and Spain Effective August 1, 2023, Franklin FTSE Europe Hedged ETF made the following changes: Name Franklin FTSE Eurozone ETF; Ticker symbol FLEU; Underlying index FTSE Developed Eurozone Index.

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FLEU
Performance Measures**

for the time period Nov 6, 2017 to Dec 4, 2025

Returns

1M Trailing Return: 2.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 5.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -33.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 17.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.63

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.30

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFLEU

ETFs correlated to FLEU include HEZU, DBEU, DBEF

FLEU
Franklin Templeton ETF Trust - Franklin FTSE Eurozone ETF
HEZU
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EMU ETF
DBEU
DBX ETF Trust - Xtrackers MSCI Europe Hedged Equity 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
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe 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.

FAQ

FLEU is a Global Ex. US Equities ETF. Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the Underlying Index and in depositary receipts representing such securities. The Underlying Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell. The Underlying Index is designed to measure the performance of large- and mid-capitalization stocks from developed Eurozone countries. The Eurozone is a geographic and economic region that consists of all the European Union (EU) countries that have fully incorporated the euro as their national currency. The Underlying Index currently consists of securities from the following ten developed market countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal and Spain Effective August 1, 2023, Franklin FTSE Europe Hedged ETF made the following changes: Name Franklin FTSE Eurozone ETF; Ticker symbol FLEU; Underlying index FTSE Developed Eurozone Index.

FLEU tracks the FTSE Developed Eurozone Index.

No, FLEU 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, FLEU 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 FLEU is -0.0302%. This is the percent change in the value of FLEU over the most recent 1-month period. The 3-month return on FLEU is -0.0663%. This is the percent change in the value of FLEU over the most recent 3-month period.

The standard deviation of FLEU for the past year is 0.2317%. 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 FLEU include VEA, EFA, and EEM.

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

ETFs that are inversely correlated to FLEU include EPV, EFZ, and FAZ.

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.