Franklin FTSE Europe ETF (FLEE) Performance
FLEE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.3% since Dec 31, 2025
- 1 year
- +9.6% total return
- 5 years
- +8.5% a year
- Since first price
- +7.9% a year since 2017
FLEE trailing returns vs SPY, QQQ, AGG
| Period | FLEE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.9% | −1.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.8% | −1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.3% | −1.0% | +7.8% | +8.4% | −1.5% |
| YTD | +5.3% | +3.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.6% | +6.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.6%+18.8%/yr | +52.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +50.0%+8.5%/yr | +27.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 6, 2017 | +96.9%+7.9%/yr | +49.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FLEE vs SPY
From Nov 6, 2017: FLEE grew to $19,688, SPY to $33,697.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLEE returns by calendar year
6 of 8 full years positive. Best 2025 (+35.8%), worst 2022 (−15.2%). 2026 is year to date.
FLEE annual returns table
| Year | FLEE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.3% | −12.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.8% | −14.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.0% | −10.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.5% | −12.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −15.2% | −31.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +16.8% | −6.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +5.3% | −37.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.4% | −8.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −15.0% | −22.6% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FLEE largest drawdowns
Now 7.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −37.3% | Mar 18, 2020 | Nov 24, 2020 | 2 months | 10 months |
| Nov 9, 2021 | −31.6% | Sep 27, 2022 | Dec 19, 2023 | 11 months | 2.1 years |
| Jan 26, 2018 | −22.6% | Dec 24, 2018 | Jan 2, 2020 | 11 months | 1.9 years |
| Mar 18, 2025 | −14.6% | Apr 8, 2025 | Apr 29, 2025 | 21 days | 42 days |
| Feb 25, 2026 | −12.4% | Mar 20, 2026 | Jul 2, 2026 | 23 days | 4 months |
| Sep 26, 2024 | −11.1% | Jan 13, 2025 | Feb 28, 2025 | 4 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLEE risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +17.9% | +9.6% | +8.0% |
| Volatility (annualized) | 13.1% | 16.9% | 17.1% |
| Sharpe ratio | 1.00 | 0.42 | 0.39 |
| Sortino ratio | 1.72 | 0.64 | 0.58 |
| Best month | +9.5% | +13.3% | +15.4% |
| Worst month | −7.6% | −9.8% | −15.7% |
| Best 12 months | +35.8% | +35.8% | +46.0% |
| Worst 12 months | +2.0% | −26.2% | −26.2% |
| Positive months | 67% | 60% | 59% |
| Beta vs S&P 500 | 0.59 | 0.82 | — |
| Correlation with S&P 500 | 0.56 | 0.76 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FLEE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −26.2% | +12.0% | +46.0% | 72% |
| 3-year (a year) | 72 | −1.9% | +8.2% | +23.9% | 97% |
| 5-year (a year) | 48 | +2.0% | +8.8% | +13.9% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
FLEE performance overview
Franklin FTSE Europe ETF (FLEE) returned +9.6% over the past year and +8.5% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +7.9% a year, turning $10,000 into about $19,688. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.3%, from Jan 17, 2020 to Mar 18, 2020, and it took 8 months to get back to the old high. FLEE finished 6 of its 8 full calendar years with a gain; the best year was 2025 (+35.8%) and the worst 2022 (−15.2%). Volatility has been 17.1% a year.
Related: FLEE chart, FLEE holdings, FLEE dividends. See the FLEE overview for the latest quote and fund facts.
FLEE performance FAQ
What is the FLEE return over the past year?
FLEE returned +9.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.1%.
What is the average annual return of FLEE?
FLEE has returned +8.5% a year over 5 years, +7.9% a year since November 6, 2017 (total return, distributions reinvested).
How much would $10,000 invested in FLEE be worth?
$10,000 invested in FLEE at its first recorded close on November 6, 2017 would be worth about $19,688 on October 23, 2026 with distributions reinvested.
What was the worst year for FLEE?
The worst calendar year was 2022, with a total return of −15.2%. The best was 2025 at +35.8%.
What is the biggest drawdown of FLEE?
The largest peak-to-trough decline was −37.3% between January 17, 2020 and March 18, 2020. It recovered to the old high on November 24, 2020, 8 months after the bottom.
How volatile is FLEE?
Over the past 3 years FLEE had an annualized volatility of 13.1% and a Sharpe ratio of 1.00 (excess return over 1–3 month T-bills per unit of risk).