FLEE vs IDEV: Grades, Fees and Holdings Compared

Franklin FTSE Europe ETF

FLEEBNYSE Arca

iShares Core MSCI International Developed Markets ETF

IDEVANYSE Arca

Overlap

48.6%by weight

Expense ratio

IDEV −0.05pt a year

FLEE0.09%IDEV0.04%

Avg volume · 30D

IDEV 190.6×the volume

FLEE9.82KIDEV1.87M

5Y return · a year

FLEE +0.3pt

FLEE+8.9%IDEV+8.6%

FLEE vs IDEV Performance

Nov 9, 2021 – Nov 9, 2026

+53.5%FLEE+51.0%IDEV

Expense ratio: FLEE 0.09%; IDEV 0.04%, better
Fund size: FLEE $100M; IDEV $33.4B
1Y total return: FLEE +15.7%; IDEV +16.4%, better
Yield (12M): FLEE 3.12%; IDEV 3.18%, better
Holdings: FLEE 495; IDEV 2327
Avg volume (30D): FLEE 9.82K sh; IDEV 1.87M sh, better
NAV per share: FLEE $38.28; IDEV $87.83
52W range

ETF.net Grade

Pillar letters and Scores for FLEE, IDEV, with each pillar’s weight
Pillar	FLEE	IDEV
Cost30% weight	C53	A90Higher
Mission25% weight	A99	A100Higher
Risk15% weight	D39	C51Higher
Tradability15% weight	D37	A70Higher
Holdings10% weight	C41	A92Higher
Durability5% weight	D29	B61Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. FLEE and IDEV are both graded against the same 20 Developed International Core funds, so their Grades compare head to head.

Developed International Core⁠

Category · 20 funds

See all 20 ›

IDEV ranks 1st and FLEE 13th of 20 funds in the Developed International Core Category.

Rank 1AIDEViShares Core MSCI International Developed Markets ETFScore 82
Rank 2ASPDWState Street SPDR Portfolio Developed World ex-US ETFScore 81
Rank 11BURTHiShares MSCI World ETFScore 58
Rank 13BFLEEFranklin FTSE Europe ETFScore 57
Rank 13BFNDFSchwab Fundamental International Large Company Index ETFScore 57

Our read on each fund

ETF.net Research

FLEEBFranklin FTSE Europe ETF

IDEVAiShares Core MSCI International Developed Markets ETF

In short

FLEE Franklin's Europe-only index sleeve at 0.09% a year, half the typical fee on the developed-international shelf. It tracks a capped FTSE Europe benchmark of roughly 600 stocks, and it does that job quietly: small fund, thin volume.

IDEV One ticker for the developed world outside America, top to bottom: roughly 2,300 large, mid and small caps for four basis points. iShares built this as a Core building block and priced it like one.

Stated mandate

FLEE The Fund seeks to closely track, before fees and expenses, the performance of the FTSE Developed Europe Capped Index through a passive indexing approach, using replication or representative sampling.

IDEV The fund seeks to track an index of large-, mid-, and small-cap equities from developed markets outside the United States.

Why people hold it

FLEE Costs 0.09% a year, against a 0.18% median for its developed-international cohort. Cheap beta on Europe.
Pure passive: it has tracked the FTSE Developed Europe Capped Index about as closely as anything in its peer group since launching in 2017.
The index is RIC-capped, meaning FTSE's rules trim outsized weights so the fund stays inside the IRS diversification limits for US-registered funds.lseg.com
Roughly 600 developed-Europe names and nothing else: no Japan, no Canada. A regional building block, not a one-ticket international core.

IDEV Charges 0.04% a year while the typical developed-markets core fund charges 0.18%. That is roughly a fifth of the usual freight.
Goes all-cap, not just blue chips: roughly 2,300 large, mid and small companies from developed markets outside the US, so the small end is not left on the cutting room floor.ishares.com
A plain index wrapper on the MSCI World ex USA IMI Index. No tilts, no manager discretion, and it has run that same mandate since 2017.
Multi-billion-dollar fund that trades actively, and one of the stronger implementations in a crowded developed-markets core group.

Worth knowing

FLEE A small fund with thin daily volume. Spreads and order type matter more here than with the mega-ETFs on the same shelf.
VGK undercuts it at 0.06%, so the fee edge is over the broad cohort, not over the cheapest Europe wrapper on the shelf.
One region, one currency bloc: returns move with European markets and with the euro and pound against the dollar, with no US or Asian offset.

IDEV VEA, SPDW and SCHF each run a basis point cheaper. Pennies on most balances, but IDEV is not the absolute cost floor of the group.
Distributions come annually or semiannually rather than monthly, so cash arrives in lumps.
Every holding is priced in a foreign currency, so moves in the dollar show up in your returns alongside the stocks themselves.

Full FLEE profile⁠

Full IDEV profile⁠

FLEE vs IDEV Holdings

How FLEE and IDEV differ

Overlap by weight

48.6%

Shared holdings make up 95.7% of FLEE and 48.6% of IDEV.

Level by level

Holdings428 in both48.6%
Countryby domicile53.7%
Sector11 Sectors91.4%
Asset classStocks100%

Sector

Sector weights in FLEE and IDEV, widest gap first
Sector	Gap	FLEE	IDEV
Health Care	FLEE +4.0 points	13.5%	9.5%
Materials	IDEV +2.1 points	5.6%	7.7%
Consumer Staples	FLEE +2.1 points	8.6%	6.5%
Consumer Discretionary	IDEV +1.8 points	6.1%	7.9%
Real Estate	IDEV +1.7 points	0.9%	2.6%
Communication	IDEV +1.6 points	2.6%	4.2%
Utilities	FLEE +1.4 points	4.9%	3.5%
Financials	IDEV +0.9 points	24.4%	25.3%
Industrials	FLEE +0.7 points	18.3%	17.6%
Technology	IDEV +0.5 points	9.2%	9.7%
Energy	FLEE +0.4 points	6.0%	5.6%

Country, concentration and asset class

Country by domicile

Country weights in FLEE and IDEV, widest gap first
Country	Gap	FLEE	IDEV
Japan	IDEV +23.0 points	0.0%	23.0%
Canada	IDEV +12.7 points	0.0%	12.7%
United Kingdom	FLEE +8.6 points	21.7%	13.1%
Switzerland	FLEE +7.6 points	15.9%	8.3%
Australia	IDEV +6.6 points	0.0%	6.6%
Germany	FLEE +6.0 points	13.5%	7.5%
France	FLEE +5.2 points	13.1%	7.9%
Netherlands	FLEE +4.1 points	8.4%	4.3%
Other countries (18)	FLEE +10.7 points	27.4%	16.7%

Outside the US: FLEE 99% developed, 1% emerging. IDEV 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

FLEE20.7%
IDEV10.9%

Securities held

FLEE494
IDEV2,308

Asset class

FLEE: Stocks
IDEV: Stocks

Holdings

Only in FLEE66
In both428
Only in IDEV1,880

Only in FLEE

66 securities, 4.3% of FLEE by weight

Net Current Assets0.50%
Glencore PLC0.47%
Reckitt Benckiser Group0.33%
Stmicroelectronics NV0.19%
Arcelormittal0.18%
Pko Bank Polski SA0.17%
Fresenius SE0.17%
Amrize Ltd0.16%
Coca-Cola Europacific Par0.16%
Investor Ab-A Shs0.14%
Orlen SA0.13%
Allegro.eu SA0.11%
National Bank of Greece0.10%
Upm-Kymmene Oyj0.09%
Eurobank SA0.08%
Bank Pekao SA0.08%
Piraeus Bank SA0.08%
Coca-Cola Hbc Ag-Di0.08%
Powszechny Zaklad Ubezpie0.07%
Lpp SA0.07%
Kghm Polska Miedz SA0.07%
Erste Bank Polska SA0.06%
Alpha Bank SA0.06%
Public Power Corp0.05%
Icg PLC0.05%
Jeronimo Martins0.04%
Barratt Redrow PLC0.04%
Volvo Ab-A Shs0.04%
Mbank SA0.04%
Ccp Initial Margin Jpmeur0.04%
Dino Polska SA0.03%
Vend Marketplaces Asa Class0.03%
Gek Terna SA0.02%
Technoprobe Spa0.02%
Hal Trust0.02%
Investment Ab Latour-B Sh0.02%
Mediobanca Spa0.02%
Vz Holding AG0.02%
Strabag Se-Br0.02%
Hellenic Telecommun Organ0.02%
Bollore SE0.02%
Traton SE0.02%
Dws Group Gmbh & Co Kgaa0.02%
Grifols SA - B0.02%
Csg NV0.02%
Volkswagen AG0.02%
Allwyn AG0.01%
Infrastrutture Wireless I0.01%
Ctp NV0.01%
Swatch Group Ag/The-Reg0.01%

Only in IDEV

1,880 securities, 50.7% of IDEV by weight

Royal Bank of Canada0.99%
Mitsubishi Ufj Financial Group0.78%
Toronto Dominion0.72%
Bhp Group Ltd0.72%
Toyota Motor0.71%
Commonwealth Bank of Australia0.69%
Shopify Subordinate Voting Class A0.64%
Sony Group0.54%
Recruit Holdings0.51%
Sumitomo Mitsui Financial Group0.49%
Advantest0.46%
Hitachi0.45%
Bank of Montreal0.42%
Tokyo Electron0.41%
Bank of Nova Scotia0.40%
Dbs Group Holdings Ltd0.40%
Mizuho Financial Group0.38%
Canadian Imperial Bank of Commerce0.37%
Aia Group0.37%
Canadian Natural Resources Ltd0.36%
Enbridge0.36%
Tokio Marine Holdings0.35%
Agnico Eagle Mines0.34%
Mitsubishi0.34%
Fast Retailing0.33%
Spotify Technology0.32%
Westpac Banking Corporation0.31%
National Australia Bank0.30%
Keyence0.30%
Softbank Group Corp0.30%
Anz Group Holdings Ltd0.30%
Suncor Energy Inc0.29%
Brookfield Class A0.29%
Canadian Pacific Kansas City0.29%
Itochu0.29%
Manulife Financial0.25%
Oversea-Chinese Banking0.25%
Mitsui0.25%
Barrick Mining0.24%
Csl0.24%
Takeda Pharmaceutical0.24%
Tc Energy0.23%
Wesfarmers0.23%
Canadian National Railway0.23%
Glencore PLC0.22%
Macquarie Group Ltd Def0.22%
Kioxia Holdings0.22%
Wheaton Precious Metals0.22%
National Bank of Canada0.21%
Mitsubishi Heavy Industries0.21%

Weight gaps

The 100 widest of 428 Holdings in both funds.

Holding weights in FLEE and IDEV, widest gap first
Holding	Gap	FLEE	IDEV
Asml Holding NV	FLEE +1.88 points	3.86%	1.98%
Roche Holding AG	FLEE +1.15 points	2.34%	1.19%
Novartis Ag-Reg	FLEE +1.05 points	2.11%	1.06%
Hsbc Holdings PLCHSBA.L	FLEE +1.03 points	2.09%	1.06%
Shell PLCSHEL.L	FLEE +1.01 points	2.03%	1.02%
Astrazeneca PLCAZN.L	FLEE +0.95 points	1.95%	1.00%
Nestle Sa-Reg	FLEE +0.92 points	1.88%	0.96%
Sap SE	FLEE +0.75 points	1.60%	0.85%
Siemens Ag-Reg	FLEE +0.73 points	1.49%	0.76%
Allianz Se-Reg	FLEE +0.66 points	1.34%	0.68%
Totalenergies SE	FLEE +0.63 points	1.24%	0.61%
Iberdrola SA	FLEE +0.61 points	1.17%	0.56%
Banco Santander SA	FLEE +0.59 points	1.20%	0.61%
Schneider Electric SE	FLEE +0.51 points	1.01%	0.50%
Ubs Group Ag-Reg	FLEE +0.50 points	1.04%	0.54%
Banco Bilbao Vizcaya Arge	FLEE +0.50 points	1.00%	0.50%
Rolls-Royce Holdings PLCRR.L	FLEE +0.49 points	0.99%	0.50%
Air Liquide SA	FLEE +0.46 points	0.93%	0.47%
Unilever PLCULVR.L	FLEE +0.46 points	0.96%	0.50%
Unicredit Spa	FLEE +0.44 points	0.85%	0.41%
Novo Nordisk A/S-B	FLEE +0.43 points	0.89%	0.46%
Airbus SE	FLEE +0.43 points	0.89%	0.46%
Abb Ltd-Reg	FLEE +0.43 points	0.88%	0.45%
British American TobaccoBATS.L	FLEE +0.42 points	0.86%	0.44%
Bp PLCBP.L	FLEE +0.40 points	0.82%	0.42%
Safran SA	FLEE +0.39 points	0.79%	0.40%
Intesa Sanpaolo	FLEE +0.39 points	0.73%	0.34%
Lvmh Moet Hennessy Louis	FLEE +0.38 points	0.78%	0.40%
Zurich Insurance Group AG	FLEE +0.39 points	0.79%	0.40%
L'oreal	FLEE +0.38 points	0.80%	0.42%
Cie Financiere Richemo-A	FLEE +0.38 points	0.77%	0.39%
Deutsche Telekom Ag-Reg	FLEE +0.34 points	0.69%	0.35%
Gsk PLCGSK.L	FLEE +0.34 points	0.70%	0.36%
Sanofi	FLEE +0.34 points	0.70%	0.36%
Bnp Paribas	FLEE +0.34 points	0.70%	0.36%
Siemens Energy AG	FLEE +0.34 points	0.70%	0.36%
Ing Groep NV	FLEE +0.31 points	0.64%	0.33%
Anheuser-Busch Inbev Sa/N	FLEE +0.29 points	0.56%	0.27%
National Grid PLCNG.L	FLEE +0.29 points	0.59%	0.30%
Rio Tinto PLCRIO.L	FLEE +0.29 points	0.61%	0.32%
Axa SA	FLEE +0.29 points	0.57%	0.28%
Enel Spa	FLEE +0.27 points	0.57%	0.30%
Lloyds Banking Group PLCLLOY.L	FLEE +0.27 points	0.53%	0.26%
Muenchener Rueckver Ag-Re	FLEE +0.27 points	0.56%	0.29%
Investor Ab-B Shs	FLEE +0.26 points	0.53%	0.27%
Barclays PLCBARC.L	FLEE +0.26 points	0.53%	0.27%
Industria De Diseno Texti	FLEE +0.25 points	0.51%	0.26%
Bae Systems PLCBA.L	FLEE +0.25 points	0.51%	0.26%
Relx PLCREL.L	FLEE +0.24 points	0.49%	0.25%
Infineon Technologies AG	FLEE +0.22 points	0.46%	0.24%
Deutsche Boerse AG	FLEE +0.22 points	0.45%	0.23%
Natwest Group PLCNWG.L	FLEE +0.22 points	0.44%	0.22%
Essilorluxottica	FLEE +0.21 points	0.44%	0.23%
Bayer Ag-Reg	FLEE +0.21 points	0.43%	0.22%
London Stock Exchange GroLSEG.L	FLEE +0.21 points	0.41%	0.20%
Vinci SA	FLEE +0.21 points	0.42%	0.21%
Nordea Bank Abp	FLEE +0.21 points	0.41%	0.20%
Dhl AG	FLEE +0.21 points	0.42%	0.21%
Deutsche Bank Ag-Register	FLEE +0.20 points	0.42%	0.22%
Swiss Re AG	FLEE +0.20 points	0.38%	0.18%
Generali	FLEE +0.20 points	0.33%	0.13%
Diageo PLCDGE.L	FLEE +0.19 points	0.39%	0.20%
Anglo American PLCAAL.L	FLEE +0.19 points	0.38%	0.19%
Lonza Group Ag-Reg	FLEE +0.19 points	0.39%	0.20%
Basf SE	FLEE +0.19 points	0.38%	0.19%
Compass Group PLCCPG.L	FLEE +0.19 points	0.39%	0.20%
Argenx SE	FLEE +0.18 points	0.39%	0.20%
Engie	FLEE +0.18 points	0.35%	0.17%
Eni Spa	FLEE +0.18 points	0.36%	0.18%
Hermes International	FLEE +0.18 points	0.36%	0.18%
Volvo Ab-B Shs	FLEE +0.18 points	0.35%	0.17%
Rwe AG	FLEE +0.17 points	0.32%	0.15%
Caixabank SA	FLEE +0.17 points	0.34%	0.17%
Societe Generale SA	FLEE +0.17 points	0.34%	0.17%
Standard Chartered PLCSTAN.L	FLEE +0.16 points	0.34%	0.18%
Atlas Copco Ab-A Shs	FLEE +0.16 points	0.33%	0.17%
Danone	FLEE +0.17 points	0.33%	0.16%
Prosus NV	FLEE +0.17 points	0.35%	0.18%
Ferrari NV	FLEE +0.16 points	0.34%	0.18%
E.on SE	FLEE +0.16 points	0.33%	0.17%
Holcim Ltd	FLEE +0.16 points	0.32%	0.16%
Tesco PLCTSCO.L	FLEE +0.15 points	0.32%	0.17%
Sse PLCSSE.L	FLEE +0.15 points	0.30%	0.15%
Galderma Group AG	FLEE +0.15 points	0.30%	0.15%
Haleon PLCHLN.L	FLEE +0.14 points	0.28%	0.14%
Dsv A/S	FLEE +0.15 points	0.30%	0.15%
Sandoz Group AG	FLEE +0.14 points	0.29%	0.15%
Orange	FLEE +0.14 points	0.24%	0.11%
Assa Abloy Ab-B	FLEE +0.13 points	0.27%	0.14%
Rheinmetall AG	FLEE +0.14 points	0.29%	0.15%
Compagnie De Saint Gobain	FLEE +0.13 points	0.26%	0.13%
Nokia Oyj	FLEE +0.13 points	0.27%	0.14%
Sika Ag-Reg	FLEE +0.13 points	0.25%	0.12%
Ucb SA	FLEE +0.13 points	0.27%	0.14%
Mercedes-Benz Group AG	FLEE +0.13 points	0.24%	0.11%
Experian PLCEXPN.L	FLEE +0.13 points	0.26%	0.13%
Chocoladefabriken Lindt-P	FLEE +0.13 points	0.16%	0.03%
Alcon Inc	FLEE +0.13 points	0.26%	0.13%
Legrand SA	FLEE +0.13 points	0.26%	0.13%
Sandvik Ab	FLEE +0.12 points	0.26%	0.14%

All 575 FLEE holdings⁠All 2,311 IDEV 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.

FLEE vs IDEV Cost

Overpaying FLEE vs IDEV

$1,049

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

FLEE 0.09%
$1,898
IDEV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FLEE 0.09%
IDEV 0.04%
Overpaying

Year by year

Year	FLEE	IDEV	Overpaying
10	$165	$73	$92
20	$646	$288	$358
30	$1,898	$849	$1,049

Expense ratio

0.09%FLEE
0.04%IDEV, cheaper

IDEV0.04%FLEE0.09%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

IDEV 4th cheapest of 20 funds

FLEE 9th cheapest of 20 funds

FLEE vs IDEV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FLEE 3.12%; IDEV 3.18%, better
Payout (12M): FLEE $1.22; IDEV $2.87
Last payment: FLEE $0.87; IDEV $1.34
Ex-dividend: FLEE Jun 26, 2026; IDEV Jun 15, 2026
Paid on: FLEE Jul 6, 2026; IDEV Jun 18, 2026
Frequency: FLEE Twice a year; IDEV Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FLEETwice a year · 19 paymentsAll FLEE payments⁠

IDEVTwice a year · 20 paymentsAll IDEV payments⁠

FLEE vs IDEV Risk

Fall from peak · 5 years

FLEE
IDEV

Risk facts

VolatilityStd dev, 3 years: FLEE 12.8%IDEV 11.8%, better
Return per unit of riskSharpe ratio, 3 years: FLEE 1.10IDEV 1.26, better
Worst fallMax drawdown, 5 years: FLEE −31.6%IDEV −29.0%, better
Market sensitivityBeta, 5 years: FLEE 0.94IDEV 0.81; Market = 1

FLEE and IDEV in the news

All news⁠

Best ETFs
Best international ETFs: one cheap fund, then the Korea choice
Updated Nov 2, 2026IDEV
Best ETFs
Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026IDEV

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FLEE vs IDEV

In short

Stated mandate

Why people hold it

Worth knowing

How FLEE and IDEV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLEE

Only in IDEV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best international ETFs: one cheap fund, then the Korea choice

Vanguard's total international fund is the one-fund pick, and Korea splits the rest

How FLEE and IDEV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLEE

Only in IDEV

Weight gaps