FLEE vs SCHF: Grades, Fees and Holdings Compared

Franklin FTSE Europe ETF

FLEEBNYSE Arca

Schwab International Equity ETF

SCHFANYSE Arca

Overlap

48.9%by weight

Expense ratio

SCHF −0.06pt a year

FLEE0.09%SCHF0.03%

Avg volume · 30D

SCHF 863.9×the volume

FLEE9.82KSCHF8.48M

5Y return · a year

SCHF +0.5pt

FLEE+8.9%SCHF+9.4%

FLEE vs SCHF Performance

Nov 9, 2021 – Nov 9, 2026

+53.5%FLEE+56.5%SCHF

Expense ratio: FLEE 0.09%; SCHF 0.03%, better
Fund size: FLEE $100M; SCHF $65.8B
1Y total return: FLEE +15.7%; SCHF +18.7%, better
Yield (12M): FLEE 3.12%, better; SCHF 3.10%
Holdings: FLEE 495; SCHF 1436
Avg volume (30D): FLEE 9.82K sh; SCHF 8.48M sh, better
NAV per share: FLEE $38.28; SCHF $26.30
52W range

ETF.net Grade

Pillar letters and Scores for FLEE, SCHF, with each pillar’s weight
Pillar	FLEE	SCHF
Cost30% weight	C53	A90Higher
Mission25% weight	A99	A100Higher
Risk15% weight	D39	C48Higher
Tradability15% weight	D37	B63Higher
Holdings10% weight	C41	A78Higher
Durability5% weight	D29	A71Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. FLEE and SCHF 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 ›

SCHF ranks 4th 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 3AVEAVanguard FTSE Developed Markets ETFScore 80
Rank 4ASCHFSchwab International Equity ETFScore 79
Rank 5AIEFAiShares Core MSCI EAFE ETFScore 76
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

SCHFASchwab International Equity 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.

SCHF Schwab's core answer to "everything outside the US": roughly 1,500 developed-market stocks for 0.03% a year, the floor for this category. Running since 2009 and one of the most heavily traded funds in its niche.

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.

SCHF The fund seeks to track the total return of the FTSE Developed ex US Index as closely as possible before fees and expenses.

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.

SCHF 0.03% a year is the cheapest tier in developed-international core, matched only by VEA and SPDW.
Tracks the FTSE Developed ex US Index tightly, one of the closest index fits in its peer group.
Roughly 1,500 stocks across Europe, Japan and the rest of the developed world ex-US, in one ticker.
A multi-billion-dollar fund that trades very actively, which helps keep bid-ask costs small. Live since 2009.

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.

SCHF No currency hedge. The index holds foreign shares in dollars, so exchange-rate swings feed into your return alongside the stocks.
Developed markets only: no US names, and no emerging markets such as China, India or Brazil.
Weighted by market value, so Europe's and Japan's largest companies dominate the top of the book despite the wide holdings list.

Full FLEE profile⁠

Full SCHF profile⁠

FLEE vs SCHF Holdings

How FLEE and SCHF differ

Overlap by weight

48.9%

Shared holdings make up 95.9% of FLEE and 48.9% of SCHF.

Level by level

Holdings468 in both48.9%
Countryby domicile50.3%
Sector11 Sectors88.7%
Asset classStocks100%

Sector

Sector weights in FLEE and SCHF, widest gap first
Sector	Gap	FLEE	SCHF
Health Care	FLEE +5.5 points	13.5%	8.0%
Technology	SCHF +4.9 points	9.2%	14.1%
Consumer Staples	FLEE +2.2 points	8.6%	6.4%
Financials	SCHF +1.5 points	24.4%	25.9%
Materials	SCHF +1.5 points	5.6%	7.1%
Utilities	FLEE +1.4 points	4.9%	3.5%
Industrials	FLEE +1.4 points	18.3%	16.9%
Consumer Discretionary	SCHF +1.3 points	6.1%	7.4%
Real Estate	SCHF +1.1 points	0.9%	2.0%
Communication	SCHF +1.0 points	2.6%	3.6%
Energy	FLEE +0.8 points	6.0%	5.2%

Country, concentration and asset class

Country by domicile

Country weights in FLEE and SCHF, widest gap first
Country	Gap	FLEE	SCHF
Japan	SCHF +21.1 points	0.0%	21.1%
Canada	SCHF +11.0 points	0.0%	11.0%
United Kingdom	FLEE +10.6 points	21.7%	11.1%
Switzerland	FLEE +8.2 points	15.9%	7.7%
South Korea	SCHF +8.0 points	0.0%	8.0%
Germany	FLEE +6.7 points	13.5%	6.8%
France	FLEE +6.5 points	13.1%	6.6%
Australia	SCHF +5.6 points	0.0%	5.6%
Other countries (22)	FLEE +13.7 points	35.7%	22.0%

Outside the US: FLEE 99% developed, 1% emerging. SCHF 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

FLEE20.7%
SCHF13.3%

Securities held

FLEE494
SCHF1,421

Asset class

FLEE: Stocks
SCHF: Stocks

Holdings

Only in FLEE26
In both468
Only in SCHF953

Only in FLEE

26 securities, 4.1% of FLEE by weight

Bp PLC0.82%
Net Current Assets0.50%
Glencore PLC0.47%
Ferrari NV0.34%
Reckitt Benckiser Group0.33%
Aviva PLC0.20%
Ferrovial NV0.20%
Stmicroelectronics NV0.19%
Arcelormittal0.18%
Intercontinental Hotels G0.18%
Fresenius SE0.17%
Intl Consolidated Airline0.09%
Coca-Cola Hbc Ag-Di0.08%
Stellantis NV0.06%
Icg PLC0.05%
Jeronimo Martins0.04%
Barratt Redrow PLC0.04%
Ccp Initial Margin Jpmeur0.04%
Davide Campari-Milano NV0.03%
Vend Marketplaces Asa Class0.03%
Grifols SA - B0.02%
Rtl Group<0.01%
Ccp Initial Margin Jpmgbp<0.01%
Skandinaviska Enskilda Ba<0.01%
Wisa Group Oyj<0.01%
Kesko Oyj Rts<0.01%

Only in SCHF

953 securities, 50.9% of SCHF by weight

Samsung Electronics Ltd2.29%
Sk Hynix1.71%
Royal Bank of Canada1.01%
Mitsubishi Ufj Financial Group0.79%
Toyota Motor0.79%
Toronto Dominion0.72%
Bhp Group Ltd0.72%
Commonwealth Bank of Australia0.68%
Shopify Subordinate Voting Class A0.65%
Sony Group0.55%
Recruit Holdings0.51%
Sumitomo Mitsui Financial Group0.49%
Advantest0.46%
Hitachi0.45%
Bank of Montreal0.43%
Bp PLC0.42%
Tokyo Electron0.41%
Bank of Nova Scotia0.40%
Dbs Group Holdings Ltd0.39%
Mizuho Financial Group0.38%
Canadian Imperial Bank of Commerce0.38%
Enbridge0.37%
Aia Group0.37%
Tokio Marine Holdings0.35%
Canadian Natural Resources Ltd0.35%
Mitsubishi0.35%
Agnico Eagle Mines0.35%
Fast Retailing0.32%
Itochu0.32%
Samsung Electronics Non Voting Pre0.32%
Brookfield Class A0.31%
Westpac Banking Corporation Corp0.31%
National Australia Bank0.31%
Softbank Group Corp0.30%
Anz Group Holdings Ltd0.30%
Keyence0.29%
Canadian Pacific Kansas City0.29%
Suncor Energy Inc0.29%
Manulife Financial0.26%
Mitsui0.26%
Oversea-Chinese Banking0.25%
Barrick Mining0.24%
Glencore PLC0.24%
Canadian National Railway0.24%
Takeda Pharmaceutical0.24%
Csl0.24%
Tc Energy0.23%
Wesfarmers0.22%
Kioxia Holdings0.22%
Wheaton Precious Metals0.22%

Weight gaps

The 100 widest of 468 Holdings in both funds.

Holding weights in FLEE and SCHF, widest gap first
Holding	Gap	FLEE	SCHF
Asml Holding NV	FLEE +1.89 points	3.86%	1.97%
Roche Holding AG	FLEE +1.15 points	2.34%	1.19%
Novartis Ag-Reg	FLEE +1.03 points	2.11%	1.08%
Hsbc Holdings PLCHSBA.L	FLEE +1.02 points	2.09%	1.07%
Shell PLCSHEL.L	FLEE +0.99 points	2.03%	1.04%
Astrazeneca PLCAZN.L	FLEE +0.96 points	1.95%	0.99%
Nestle Sa-Reg	FLEE +0.92 points	1.88%	0.96%
Sap SE	FLEE +0.78 points	1.60%	0.82%
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 +0.61 points	1.24%	0.63%
Banco Santander SA	FLEE +0.59 points	1.20%	0.61%
Iberdrola SA	FLEE +0.57 points	1.17%	0.60%
Ubs Group Ag-Reg	FLEE +0.51 points	1.04%	0.53%
Schneider Electric SE	FLEE +0.49 points	1.01%	0.52%
Banco Bilbao Vizcaya Arge	FLEE +0.49 points	1.00%	0.51%
Rolls-Royce Holdings PLCRR.L	FLEE +0.49 points	0.99%	0.50%
Unilever PLCULVR.L	FLEE +0.47 points	0.96%	0.49%
Air Liquide SA	FLEE +0.45 points	0.93%	0.48%
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%
Unicredit Spa	FLEE +0.42 points	0.85%	0.43%
L'oreal	FLEE +0.39 points	0.80%	0.41%
Safran SA	FLEE +0.38 points	0.79%	0.41%
Zurich Insurance Group AG	FLEE +0.39 points	0.79%	0.40%
Lvmh Moet Hennessy Louis	FLEE +0.38 points	0.78%	0.40%
Cie Financiere Richemo-A	FLEE +0.38 points	0.77%	0.39%
Intesa Sanpaolo	FLEE +0.35 points	0.73%	0.38%
Siemens Energy AG	FLEE +0.35 points	0.70%	0.35%
Gsk PLCGSK.L	FLEE +0.34 points	0.70%	0.36%
Sanofi	FLEE +0.34 points	0.70%	0.36%
Deutsche Telekom Ag-Reg	FLEE +0.34 points	0.69%	0.35%
Bnp Paribas	FLEE +0.34 points	0.70%	0.36%
Ing Groep NV	FLEE +0.31 points	0.64%	0.33%
Rio Tinto PLCRIO.L	FLEE +0.30 points	0.61%	0.31%
National Grid PLCNG.L	FLEE +0.29 points	0.59%	0.30%
Axa SA	FLEE +0.28 points	0.57%	0.29%
Enel Spa	FLEE +0.28 points	0.57%	0.29%
Anheuser-Busch Inbev Sa/N	FLEE +0.27 points	0.56%	0.29%
Muenchener Rueckver Ag-Re	FLEE +0.27 points	0.56%	0.29%
Investor Ab-B Shs	FLEE +0.26 points	0.53%	0.27%
Lloyds Banking Group PLCLLOY.L	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%
Essilorluxottica	FLEE +0.22 points	0.44%	0.22%
Natwest Group PLCNWG.L	FLEE +0.22 points	0.44%	0.22%
Bayer Ag-Reg	FLEE +0.21 points	0.43%	0.22%
Deutsche Bank Ag-Register	FLEE +0.20 points	0.42%	0.22%
Vinci SA	FLEE +0.21 points	0.42%	0.21%
Dhl AG	FLEE +0.21 points	0.42%	0.21%
Nordea Bank Abp	FLEE +0.20 points	0.41%	0.21%
London Stock Exchange GroLSEG.L	FLEE +0.20 points	0.41%	0.21%
Diageo PLCDGE.L	FLEE +0.19 points	0.39%	0.20%
Compass Group PLCCPG.L	FLEE +0.19 points	0.39%	0.20%
Lonza Group Ag-Reg	FLEE +0.19 points	0.39%	0.20%
Argenx SE	FLEE +0.19 points	0.39%	0.20%
Swiss Re AG	FLEE +0.18 points	0.38%	0.20%
Anglo American PLCAAL.L	FLEE +0.19 points	0.38%	0.19%
Basf SE	FLEE +0.19 points	0.38%	0.19%
Eni Spa	FLEE +0.18 points	0.36%	0.18%
Volvo Ab-B Shs	FLEE +0.17 points	0.35%	0.17%
Hermes International	FLEE +0.17 points	0.36%	0.19%
Engie	FLEE +0.17 points	0.35%	0.18%
Standard Chartered PLCSTAN.L	FLEE +0.16 points	0.34%	0.18%
Prosus NV	FLEE +0.17 points	0.35%	0.18%
Atlas Copco Ab-A Shs	FLEE +0.16 points	0.33%	0.17%
Societe Generale SA	FLEE +0.17 points	0.34%	0.17%
Caixabank SA	FLEE +0.17 points	0.34%	0.17%
Generali	FLEE +0.16 points	0.33%	0.17%
Danone	FLEE +0.16 points	0.33%	0.17%
E.on SE	FLEE +0.16 points	0.33%	0.17%
Rwe AG	FLEE +0.16 points	0.32%	0.16%
Tesco PLCTSCO.L	FLEE +0.16 points	0.32%	0.16%
Holcim Ltd	FLEE +0.16 points	0.32%	0.16%
Galderma Group AG	FLEE +0.15 points	0.30%	0.15%
Sse PLCSSE.L	FLEE +0.15 points	0.30%	0.15%
Dsv A/S	FLEE +0.15 points	0.30%	0.15%
Sandoz Group AG	FLEE +0.14 points	0.29%	0.15%
Haleon PLCHLN.L	FLEE +0.14 points	0.28%	0.14%
Assa Abloy Ab-B	FLEE +0.13 points	0.27%	0.14%
Rheinmetall AG	FLEE +0.14 points	0.29%	0.15%
Ucb SA	FLEE +0.13 points	0.27%	0.14%
Nokia Oyj	FLEE +0.13 points	0.27%	0.14%
Alcon Inc	FLEE +0.13 points	0.26%	0.13%
Compagnie De Saint Gobain	FLEE +0.13 points	0.26%	0.13%
Sandvik Ab	FLEE +0.13 points	0.26%	0.13%
Experian PLCEXPN.L	FLEE +0.13 points	0.26%	0.13%
Legrand SA	FLEE +0.13 points	0.26%	0.13%
Givaudan-Reg	FLEE +0.12 points	0.26%	0.14%
Chocoladefabriken Lindt-P	FLEE +0.12 points	0.16%	0.04%
Repsol SA	FLEE +0.12 points	0.25%	0.13%
Sika Ag-Reg	FLEE +0.12 points	0.25%	0.13%
Orange	FLEE +0.12 points	0.24%	0.13%
Mercedes-Benz Group AG	FLEE +0.11 points	0.24%	0.13%

All 575 FLEE holdings⁠All 1,442 SCHF 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 SCHF Cost

Overpaying FLEE vs SCHF

$1,260

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

FLEE 0.09%
$1,898
SCHF 0.03%
$638

Amount$10,000

Years30 years

Cost over time

FLEE 0.09%
SCHF 0.03%
Overpaying

Year by year

Year	FLEE	SCHF	Overpaying
10	$165	$55	$110
20	$646	$216	$430
30	$1,898	$638	$1,260

Expense ratio

0.09%FLEE
0.03%SCHF, cheaper

SCHF0.03%FLEE0.09%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

SCHF cheapest of 20 funds

FLEE 9th cheapest of 20 funds

FLEE vs SCHF Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FLEE 3.12%, better; SCHF 3.10%
Payout (12M): FLEE $1.22; SCHF $0.84
Last payment: FLEE $0.87; SCHF $0.17
Ex-dividend: FLEE Jun 26, 2026; SCHF Jun 24, 2026
Paid on: FLEE Jul 6, 2026; SCHF Jun 29, 2026
Frequency: FLEE Twice a year; SCHF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FLEETwice a year · 19 paymentsAll FLEE payments⁠

SCHFTwice a year · 18 paymentsAll SCHF payments⁠

FLEE vs SCHF Risk

Fall from peak · 5 years

FLEE
SCHF

Risk facts

VolatilityStd dev, 3 years: FLEE 12.8%SCHF 12.7%, better
Return per unit of riskSharpe ratio, 3 years: FLEE 1.10SCHF 1.27, better
Worst fallMax drawdown, 5 years: FLEE −31.6%SCHF −28.6%, better
Market sensitivityBeta, 5 years: FLEE 0.94SCHF 1.03; Market = 1

FLEE and SCHF in the news

All news⁠

Head-to-Head
VEA over SCHF if this is your only developed-markets fund
Nov 4, 2026SCHF
Best ETFs
Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026SCHF

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FLEE vs SCHF

In short

Stated mandate

Why people hold it

Worth knowing

How FLEE and SCHF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLEE

Only in SCHF

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

VEA over SCHF if this is your only developed-markets fund

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

How FLEE and SCHF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLEE

Only in SCHF

Weight gaps