Franklin FTSE Switzerland ETF (FLSW) Performance
FLSW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.8% since Dec 31, 2025
- 1 year
- +12.2% total return
- 5 years
- +7.3% a year
- Since first price
- +9.6% a year since 2018
FLSW trailing returns vs SPY, QQQ, AGG
| Period | FLSW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.2% | +4.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.7% | +1.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.7% | +2.5% | +7.8% | +8.4% | −1.5% |
| YTD | +6.8% | +4.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.2% | +9.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +60.0%+17.0%/yr | +49.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +42.1%+7.3%/yr | +27.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 8, 2018 | +121.9%+9.6%/yr | +82.3% | — | — | — |
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: FLSW vs SPY
From Feb 8, 2018: FLSW grew to $22,186, SPY to $33,685.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLSW returns by calendar year
5 of 7 full years positive. Best 2025 (+33.0%), worst 2022 (−18.1%). 2026 is year to date.
FLSW annual returns table
| Year | FLSW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.8% | −13.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.0% | −12.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.8% | −12.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.8% | −13.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.1% | −28.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +20.8% | −9.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +13.3% | −26.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +31.7% | −4.3% | +31.2% | +39.0% | +8.5% |
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.
FLSW largest drawdowns
Now 3.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 29, 2021 | −28.2% | Sep 26, 2022 | Jul 12, 2024 | 9 months | 2.5 years |
| Feb 19, 2020 | −26.8% | Mar 23, 2020 | Jul 22, 2020 | 33 days | 5 months |
| Feb 27, 2026 | −13.4% | Mar 20, 2026 | Jul 2, 2026 | 21 days | 4 months |
| Aug 30, 2024 | −12.8% | Jan 2, 2025 | Mar 7, 2025 | 4 months | 6 months |
| Feb 15, 2018 | −12.6% | Dec 24, 2018 | Mar 18, 2019 | 10 months | 1.1 years |
| Mar 7, 2025 | −12.2% | Apr 7, 2025 | Apr 28, 2025 | 31 days | 52 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLSW risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +13.4% | +7.2% | +8.8% |
| Volatility (annualized) | 15.1% | 16.4% | 15.6% |
| Sharpe ratio | 0.62 | 0.29 | 0.46 |
| Sortino ratio | 0.96 | 0.43 | 0.69 |
| Best month | +8.5% | +9.5% | +9.6% |
| Worst month | −10.0% | −10.0% | −10.0% |
| Best 12 months | +33.0% | +33.0% | +33.0% |
| Worst 12 months | −1.8% | −19.2% | −19.2% |
| Positive months | 61% | 55% | 59% |
| Beta vs S&P 500 | 0.60 | 0.75 | — |
| Correlation with S&P 500 | 0.49 | 0.71 | — |
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.
FLSW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 93 | −19.2% | +12.3% | +33.0% | 85% |
| 3-year (a year) | 69 | −2.1% | +9.3% | +21.7% | 99% |
| 5-year (a year) | 45 | +5.1% | +8.7% | +11.5% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
FLSW performance overview
Franklin FTSE Switzerland ETF (FLSW) returned +12.2% over the past year and +7.3% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +9.6% a year, turning $10,000 into about $22,186. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.2%, from Dec 29, 2021 to Sep 26, 2022, and it took 1.8 years to get back to the old high. FLSW finished 5 of its 7 full calendar years with a gain; the best year was 2025 (+33.0%) and the worst 2022 (−18.1%). Volatility has been 15.6% a year.
Related: FLSW chart, FLSW holdings, FLSW dividends. See the FLSW overview for the latest quote and fund facts.
FLSW performance FAQ
What is the FLSW return over the past year?
FLSW returned +12.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.7%.
What is the average annual return of FLSW?
FLSW has returned +7.3% a year over 5 years, +9.6% a year since February 8, 2018 (total return, distributions reinvested).
How much would $10,000 invested in FLSW be worth?
$10,000 invested in FLSW at its first recorded close on February 8, 2018 would be worth about $22,186 on October 23, 2026 with distributions reinvested.
What was the worst year for FLSW?
The worst calendar year was 2022, with a total return of −18.1%. The best was 2025 at +33.0%.
What is the biggest drawdown of FLSW?
The largest peak-to-trough decline was −28.2% between December 29, 2021 and September 26, 2022. It recovered to the old high on July 12, 2024, 1.8 years after the bottom.
How volatile is FLSW?
Over the past 3 years FLSW had an annualized volatility of 15.1% and a Sharpe ratio of 0.62 (excess return over 1–3 month T-bills per unit of risk).