FLEE vs OPER

Comparison between FRANKLIN FTSE EUROPE ETF (FLEE, ETF) and CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER, ETF).

5-Year PerformanceFLEE has outperformed OPER, delivering a return of +9.1% compared to +3.7%

FLEE vs OPER - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLEE(ETF)	OPER(ETF)
Net Assets	$118M	$118M
Expense Ratio	0.09%	0.20%
Max Drawdown	41.14%	3.00%
Sharpe Ratio	0.89	0.89
5Y Beta	0.68	0.00
5Y Dividends CAGR	21.39%	59.13%

Net Assets

Winner

FLEE

$118M

OPER

$118M

Expense Ratio

Winner

FLEE

0.09%

OPER

0.20%

Max Drawdown

FLEE

41.14%

Winner

OPER

3.00%

Sharpe Ratio

Winner

FLEE

0.89

OPER

0.89

5Y Beta

FLEE

0.68

Winner

OPER

0.00

5Y Dividends CAGR

FLEE

21.39%

Winner

OPER

59.13%

FLEE vs OPER - Historical Returns

Returns include dividend reinvestment.

Period	FLEE	OPER
1 month	+2.29%	+0.29%
3 months	+6.51%	+0.91%
6 months	+9.05%	+1.84%
1 year	+20.05%	+4.03%
5 years(CAGR)	+9.13%	+3.67%
10 years(CAGR)	+8.41%	N/A
Max(CAGR)	+8.41%	+2.80%

Winner

FLEE

+2.29%

OPER

+0.29%

Winner

FLEE

+6.51%

OPER

+0.91%

Winner

FLEE

+9.05%

OPER

+1.84%

Winner

FLEE

+20.05%

OPER

+4.03%

5Y(CAGR)

Winner

FLEE

+9.13%

OPER

+3.67%

10Y(CAGR)

FLEE

+8.41%

OPER

N/A

Max(CAGR)

Winner

FLEE

+8.41%

OPER

+2.80%

FLEE vs OPER - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	FLEE	OPER
2026	+5.50%	+1.65%
2025	+36.30%	+4.36%
2024	+3.28%	+5.33%
2023	+19.50%	+5.06%
2022	-15.69%	+1.75%
2021	+15.55%	+0.37%
2020	+4.39%	+0.64%
2019	+25.48%	+2.15%
2018	-15.33%	+0.90%
2017	+1.47%	N/A

FLEE vs OPER Drawdown Comparison

The maximum drawdown for FLEE was -37.27%, occurring on Mar 18, 2020. Recovery took 216 trading sessions.

The maximum drawdown for OPER was -2.33%, occurring on Nov 19, 2018. Recovery took 280 trading sessions.

The current FLEE drawdown is -1.58%.

Rank	FLEE	OPER
#1	-37.27% Jan 17, 2020 - Nov 24, 2020	-2.33% Nov 15, 2018 - Dec 30, 2019
#2	-31.60% Sep 2, 2021 - Dec 14, 2023	-0.13% Feb 24, 2022 - May 12, 2022
#3	-22.67% Jan 26, 2018 - Jan 2, 2020	-0.11% Mar 28, 2024 - Apr 2, 2024
#4	-14.59% Mar 18, 2025 - Apr 29, 2025	-0.11% Mar 17, 2020 - May 26, 2020
#5	-12.37% Feb 25, 2026 - Mar 20, 2026	-0.09% Mar 31, 2025 - Apr 8, 2025
#6	-11.08% Sep 26, 2024 - Feb 28, 2025	-0.07% Apr 29, 2026 - May 11, 2026
#7	-6.61% Jun 6, 2024 - Aug 19, 2024	-0.07% Mar 13, 2023 - Mar 20, 2023
#8	-5.71% Jun 15, 2021 - Aug 5, 2021	-0.05% Mar 2, 2021 - Mar 17, 2021
#9	-5.53% Jul 23, 2025 - Aug 20, 2025	-0.05% Mar 25, 2024 - Mar 27, 2024
#10	-5.22% Nov 12, 2025 - Dec 10, 2025	-0.05% Mar 30, 2023 - Apr 3, 2023
#11	-4.90% Jan 8, 2021 - Feb 16, 2021	-0.04% Nov 23, 2022 - Nov 28, 2022
#12	-4.29% Dec 27, 2023 - Feb 21, 2024	-0.04% May 12, 2026 - May 15, 2026
#13	-4.20% Mar 27, 2024 - May 7, 2024	-0.04% Jan 27, 2022 - Feb 24, 2022
#14	-3.70% Aug 30, 2024 - Sep 26, 2024	-0.03% Oct 5, 2023 - Oct 9, 2023
#15	-3.21% Jun 12, 2025 - Jul 2, 2025	-0.03% Dec 12, 2023 - Dec 15, 2023