OPER vs FLEE

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

5-Year PerformanceFLEE has outperformed OPER, delivering a return of +8.9% compared to +3.7%

OPER vs FLEE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OPER(ETF)	FLEE(ETF)
Net Assets	$118M	$118M
Expense Ratio	0.20%	0.09%
Max Drawdown	3.00%	41.14%
Sharpe Ratio	1.06	0.92
5Y Beta	0.00	0.68
5Y Dividends CAGR	59.13%	21.39%

Net Assets

OPER

$118M

Winner

FLEE

$118M

Expense Ratio

OPER

0.20%

Winner

FLEE

0.09%

Max Drawdown

Winner

OPER

3.00%

FLEE

41.14%

Sharpe Ratio

Winner

OPER

1.06

FLEE

0.92

5Y Beta

Winner

OPER

0.00

FLEE

0.68

5Y Dividends CAGR

Winner

OPER

59.13%

FLEE

21.39%

OPER vs FLEE - Historical Returns

Returns include dividend reinvestment.

Period	OPER	FLEE
1 month	+0.28%	+4.71%
3 months	+0.90%	+7.98%
6 months	+1.82%	+9.06%
1 year	+4.00%	+19.08%
5 years(CAGR)	+3.67%	+8.90%
10 years(CAGR)	N/A	+8.51%
Max(CAGR)	+2.79%	+8.51%

OPER

+0.28%

Winner

FLEE

+4.71%

OPER

+0.90%

Winner

FLEE

+7.98%

OPER

+1.82%

Winner

FLEE

+9.06%

OPER

+4.00%

Winner

FLEE

+19.08%

5Y(CAGR)

OPER

+3.67%

Winner

FLEE

+8.90%

10Y(CAGR)

OPER

N/A

FLEE

+8.51%

Max(CAGR)

OPER

+2.79%

Winner

FLEE

+8.51%

OPER vs FLEE - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	OPER	FLEE
2026	+1.62%	+6.31%
2025	+4.36%	+36.30%
2024	+5.33%	+3.28%
2023	+5.06%	+19.50%
2022	+1.75%	-15.69%
2021	+0.37%	+15.55%
2020	+0.64%	+4.39%
2019	+2.15%	+25.48%
2018	+0.90%	-15.33%
2017	N/A	+1.47%

OPER vs FLEE Drawdown Comparison

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

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

The current OPER drawdown is -0.00%. The current FLEE drawdown is -0.83%.

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