Barclays ETN+ FI Enhanced Europe 50 ETN Series B (FLEU) Performance
FLEU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.9% since Dec 31, 2025
- 1 year
- +5.7% total return
- 5 years
- +9.9% a year
- Since first price
- −5.7% a year since 2016
FLEU trailing returns vs SPY, QQQ, AGG
| Period | FLEU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.2% | −5.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.4% | −4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.4% | −2.0% | +7.8% | +8.4% | −1.5% |
| YTD | +1.9% | +0.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.7% | +2.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +72.2%+19.9%/yr | +57.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +60.5%+9.9%/yr | +16.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 8, 2016 | −44.2%−5.7%/yr | −66.7% | — | — | — |
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: FLEU vs SPY
From Nov 8, 2016: FLEU grew to $5,584, SPY to $41,563.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLEU returns by calendar year
6 of 9 full years positive. Best 2025 (+41.6%), worst 2017 (−76.8%). 2026 is year to date.
FLEU annual returns table
| Year | FLEU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.9% | −13.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +41.6% | −15.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.3% | −11.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.2% | −14.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −9.1% | −18.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.3% | −5.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +1.0% | −33.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.9% | −6.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.6% | −12.6% | −4.6% | −0.1% | +0.1% |
| 2017 | −76.8% | −84.6% | +21.7% | +32.7% | +3.6% |
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.
FLEU largest drawdowns
Now 64.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 13, 2017 | −87.5% | Mar 16, 2020 | not yet | 2.4 years | 9.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLEU risk statistics
| Statistic | 3 years | 5 years | Since 2016 |
|---|---|---|---|
| Annualized return | +20.2% | +11.6% | −5.0% |
| Volatility (annualized) | 14.2% | 15.2% | 31.3% |
| Sharpe ratio | 1.07 | 0.57 | 0.13 |
| Sortino ratio | 1.76 | 0.88 | 0.14 |
| Best month | +11.0% | +11.0% | +14.4% |
| Worst month | −9.1% | −9.1% | −84.2% |
| Best 12 months | +41.6% | +41.6% | +41.6% |
| Worst 12 months | +2.3% | −11.6% | −84.4% |
| Positive months | 72% | 65% | 64% |
| Beta vs S&P 500 | 0.62 | 0.70 | — |
| Correlation with S&P 500 | 0.55 | 0.72 | — |
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.
FLEU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 108 | −84.4% | +7.5% | +41.6% | 72% |
| 3-year (a year) | 84 | −45.8% | +9.1% | +20.8% | 86% |
| 5-year (a year) | 60 | −28.1% | +8.3% | +16.2% | 80% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
FLEU performance overview
Barclays ETN+ FI Enhanced Europe 50 ETN Series B (FLEU) returned +5.7% over the past year and +9.9% a year over five years, with distributions reinvested. Since its first recorded price in 2016 it has returned −5.7% a year, turning $10,000 into about $5,584. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −87.5%, from Oct 13, 2017 to Mar 16, 2020; the fund has not yet regained that high. FLEU finished 6 of its 9 full calendar years with a gain; the best year was 2025 (+41.6%) and the worst 2017 (−76.8%). Volatility has been 31.3% a year.
Related: FLEU chart, FLEU dividends. See the FLEU overview for the latest quote and fund facts.
FLEU performance FAQ
What is the FLEU return over the past year?
FLEU returned +5.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.8%.
What is the average annual return of FLEU?
FLEU has returned +9.9% a year over 5 years, −5.7% a year since November 8, 2016 (total return, distributions reinvested).
How much would $10,000 invested in FLEU be worth?
$10,000 invested in FLEU at its first recorded close on November 8, 2016 would be worth about $5,584 on October 23, 2026 with distributions reinvested.
What was the worst year for FLEU?
The worst calendar year was 2017, with a total return of −76.8%. The best was 2025 at +41.6%.
What is the biggest drawdown of FLEU?
The largest peak-to-trough decline was −87.5% between October 13, 2017 and March 16, 2020. It has not yet recovered to that high; it is 64.6% below its peak.
How volatile is FLEU?
Over the past 3 years FLEU had an annualized volatility of 14.2% and a Sharpe ratio of 1.07 (excess return over 1–3 month T-bills per unit of risk).