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ETFs

Franklin FTSE Italy ETF

FLIY
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 02 2017
Expense Ratio
0.09%
Type
Global Ex. US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$28,153
AUM
$5,248,000
Associated Index
FTSE Italy Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ENEL
Enel Spa
11.57%
UCG
Unicredit Spa
10.16%
8TI
Stellantis N.V
9.84%
ISP
Intesa Sanpaolo Spa
9.40%
2FE
Ferrari N.V.
8.00%
ENI
Eni Spa
4.58%
G
Assicurazioni Generali SPA
4.11%
MONC
Moncler SPA
2.95%
SRG
Snam S.p.A.
2.83%
PRY
Prysmian S.p.A
2.81%
Invest with FLIY

What is FLIY?

Franklin FTSE Italy ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Italy Capped Index. FTSE Italy Capped Index is a market-capitalization weighted index representing the performance of Italian large and mid capitalization stocks.

ETFs related toFLIY

ETFs correlated to FLIY include EWI, EZU, VGK

FLIY
Franklin Templeton ETF Trust - Franklin FTSE Italy ETF
EWI
BlackRock Institutional Trust Company N.A. - iShares MSCI Italy ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
FEP
First Trust Exchange-Traded Fund III - First Trust Europe AlphaDEX Fund
FEZ
SSgA Active Trust - SPDR EURO Stoxx 50 ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFLIY

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FLIY using Composer

FAQ

FLIY is a Global Ex. US Equities ETF. Franklin FTSE Italy ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Italy Capped Index. FTSE Italy Capped Index is a market-capitalization weighted index representing the performance of Italian large and mid capitalization stocks.

FLIY tracks the FTSE Italy Capped Index.

No, FLIY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FLIY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLIY is -0.0039%. This is the percent change in the value of FLIY over the most recent 1-month period. The 3-month return on FLIY is 0.0215%. This is the percent change in the value of FLIY over the most recent 3-month period.

The standard deviation of FLIY for the past year is 0.2215%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLIY include EWZ, EWW, and EWT.

ETFs correlated to FLIY include EWI, EZU, and VGK.

ETFs that are inversely correlated to FLIY include EPV, EFZ, and FAZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.