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EWD vs FLEU

iShares MSCI Sweden ETF

EWDBNYSE Arca

Franklin FTSE Eurozone ETF

FLEUANYSE Arca

Overlap

Expense ratio

FLEU −0.42pt a year

EWD0.51%FLEU0.09%

Avg volume · 30D

EWD 46.3×the volume

EWD282KFLEU6.09K

5Y return · a year

FLEU +5.1pt

EWD+5.1%FLEU+10.2%

EWD vs FLEU Performance

Oct 29, 2021 – Oct 30, 2026

+28.2%EWD+62.4%FLEU

Oct 29, 2021 to Oct 30, 2026. EWD +28.2%. FLEU +62.4%. Use the arrow keys to read each point.−25%0%Oct 2021Apr 2024Oct 2026
Expense ratio
EWD 0.51%
FLEU 0.09%, better
Fund size
EWD $1.1B
FLEU $68M
1Y total return
EWD +12.6%, better
FLEU +8.1%
Yield (12M)
EWD 3.44%, better
FLEU 2.84%
Holdings
EWD 44
FLEU 265
Avg volume (30D)
EWD 282K sh, better
FLEU 6.09K sh
NAV per share
EWD $52.07
FLEU $33.86
52W range

ETF.net Grade

EWD: Cost 47, Risk 35, Mission 92, Tradability 65, Holdings 41, Durability 69. FLEU: Cost 89, Risk 52, Mission 100, Tradability 31, Holdings 77, Durability 28.
Pillar letters and Scores for EWD, FLEU, with each pillar’s weight
PillarEWDFLEU
Cost30% weightC47A89Higher
Mission25% weightA92A100Higher
Risk15% weightD35C52Higher
Tradability15% weightB65HigherD31
Holdings10% weightC41A77Higher
Durability5% weightB69HigherD28

Rank among Europe Region funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EWD and FLEU are both graded against the same 12 Europe Region funds, so their Grades compare head to head.

Europe Region⁠

Category · 12 funds
See all 12 ›

FLEU ranks 3rd and EWD 8th of 12 funds in the Europe Region Category.

  1. Rank 1ASPEUState Street SPDR Portfolio Europe ETFScore 85
  2. Rank 2AEZUiShares MSCI Eurozone ETFScore 74
  3. Rank 3AFLEUFranklin FTSE Eurozone ETFScore 73
  4. Rank 4AFEZState Street SPDR EURO STOXX 50 ETFScore 71
  5. Rank 6BEWLiShares MSCI Switzerland ETFScore 64
  6. Rank 8BEWDiShares MSCI Sweden ETFScore 59
  7. Rank 9CHEDJWisdomTree Europe Hedged Equity FundScore 43

Our read on each fund

ETF.net Research

EWDBiShares MSCI Sweden ETF

FLEUAFranklin FTSE Eurozone ETF

In short

EWD Sweden in one ticker, and it has been doing that job since 1996. Roughly 40 Swedish stocks, tracked closely, at a fee below the median for European single-country funds.

FLEU The euro bloc, straight up: no UK, no Swiss francs, no hedging overlay. Franklin charges 0.09% a year to track the FTSE Developed Eurozone Index, a fraction of the median fee among index funds in its peer group.

Stated mandate

EWD The fund aims to follow an index made up of Swedish stocks.

FLEU The Fund uses a passive indexing approach and seeks to track, before fees and expenses, the FTSE Developed Eurozone Index.

Why people hold it

  • EWD Trading since 1996, back when single-country ETFs were a brand-new idea. Decades of live record to judge, not a back-test.
  • 0.51% a year undercuts the 0.56% median for its European single-country peer group.
  • Sticks close to its MSCI Sweden 25/50 benchmark, one of the stronger implementations in a small European peer group.
  • Moderately traded with iShares plumbing behind it, so routine buys and sells rarely turn into an expedition.
  • FLEU 0.09% a year against a 0.45% median for index funds in its peer group. Cheap beta is the entire pitch, and Franklin delivers it.
  • Roughly 300 stocks across developed eurozone markets, so the exposure reaches past the handful of household-name blue chips that dominate the region.
  • A plain mandate with nowhere to hide: passively track the FTSE Developed Eurozone Index before fees. No factor tilts, no active overlay, no discretion.sec.gov
  • Sits in the upper half of its index-wrapper peer group on the strength of that fee and a mandate it follows tightly.

Worth knowing

  • EWD About 40 stocks in one small open economy. A handful of Swedish heavyweights carry a lot of the weight here.
  • The holdings trade in Swedish krona, so currency moves against the dollar feed straight into your dollar return, either direction.
  • Not the cheap seat in the neighborhood: Global X's DAX runs 0.20% and iShares' own Switzerland fund, EWL, 0.50%.
  • FLEU Thinly traded. On smaller orders the bid-ask spread can cost more than a year of the 0.09% fee.
  • It launched in 2017 as the Franklin FTSE Europe Hedged ETF and was renamed to the Eurozone strategy in 2023, so the early record reflects a different, hedged mandate.sec.gov
  • Euro-currency countries only. The UK, Switzerland and the non-euro Nordics are out, and the euro's move against the dollar rides along unhedged.

Full EWD profile⁠

Full FLEU profile⁠

EWD vs FLEU Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EWD vs FLEU Cost

Overpaying EWD vs FLEU

$8,267

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EWD 0.51%

    $10,165

  • FLEU 0.09%

    $1,898

$10,000
30 years

Cost over time

  • EWD 0.51%
  • FLEU 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530EWD $10,165FLEU $1,898

Year by year

YearEWDFLEUOverpaying
10$918$165$753
20$3,527$646$2,881
30$10,165$1,898$8,267

Expense ratio

  • 0.51%EWD
  • 0.09%FLEU, cheaper
  • Middle half of Europe Region funds
  • Median 0.51%

FLEU 2nd cheapest of 12 funds

EWD 7th cheapest of 12 funds

EWD vs FLEU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EWD 3.44%, better
FLEU 2.84%
Payout (12M)
EWD $1.80
FLEU $0.96
Last payment
EWD $1.19
FLEU $0.58
Ex-dividend
EWD Jun 15, 2026
FLEU Jun 26, 2026
Paid on
EWD Jun 18, 2026
FLEU Jul 6, 2026
Frequency
EWD Twice a year
FLEU Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EWDTwice a year · 18 paymentsAll EWD payments⁠
One bar per payment. 18 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.76; Dec 19, 2017 $0.34; Jun 19, 2018 $1.44; Dec 18, 2018 $0.02; Jun 17, 2019 $0.95; Dec 16, 2019 $0.42; Jun 15, 2020 $0.10; Dec 14, 2020 $0.29; Jun 10, 2021 $1.12; Dec 13, 2021 $1.20; Dec 30, 2021 $0.20; Jun 9, 2022 $0.99; Dec 13, 2022 $0.20; Dec 20, 2023 $0.95; Jun 11, 2024 $0.66; Jun 16, 2025 $1.01; Dec 16, 2025 $0.60; Jun 15, 2026 $1.19. Use the arrow keys to read each point.$0$52017202020232026YTD
FLEUTwice a year · 20 paymentsAll FLEU payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.01; Dec 28, 2017 $0.0045; Jun 20, 2018 $0.38; Dec 20, 2018 $2.10; Jun 11, 2019 $0.31; Dec 11, 2019 $1.16; Jun 11, 2020 $0.15; Dec 14, 2020 $0.32; Jun 10, 2021 $0.15; Dec 13, 2021 $0.71; Dec 30, 2021 $0.02; Jun 17, 2022 $0.24; Dec 16, 2022 $4.39; Jun 16, 2023 $0.35; Dec 15, 2023 $0.44; Jun 21, 2024 $0.46; Dec 20, 2024 $0.31; Jun 20, 2025 $0.35; Dec 19, 2025 $0.38; Jun 26, 2026 $0.58. Use the arrow keys to read each point.$0$52017202020232026YTD

EWD vs FLEU Risk

Fall from peak · 5 years

  • EWD
  • FLEU
Oct 29, 2021 to Oct 30, 2026. Worst fall: EWD −42.2% · Sep 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EWD 19.2%FLEU 14.1%, better
Return per unit of riskSharpe ratio, 3 years
EWD 0.92FLEU 1.07, better
Worst fallMax drawdown, 5 years
EWD −42.2%FLEU −18.7%, better
Market sensitivityBeta, 5 years
EWD 1.10FLEU 1.02

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