Comparison window: 24 Apr 2023 → 8 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 10 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
RebalixFLESA vs FLES · report of 10 September 2026
The funds at a glance
From official issuer documents and the ESMA register
FLESAIE000STIHQB2Franklin Euro Short Maturity UCITS ETF (Acc)Bonds · EUR · 0-1 years · Eurozone
Declared index
ICE BofA 0-1 Year Euro Broad Market Index
TER
0.15%
Transaction (KID)
0.03%
Fund size
598 mln EUR
Launch
24 Apr 2023
Currency
EUR
Replication
Active
Hedging
No
Holdings
82
Duration
0.92 yrs
Distributions 12m
acc.
Effective 🇮🇹 rate
17.22%
FLESIE00BFWXDY69Franklin Euro Short Maturity UCITS ETF (Dis)Bonds · EUR · 0-1 years · Eurozone
Declared index
ICE BofA 0-1 Year Euro Broad Market Index
TER
0.15%
Transaction (KID)
0.03%
Fund size
598 mln EUR
Launch
25 Jun 2018
Currency
EUR
Replication
Active
Hedging
No
Holdings
82
Duration
0.92 yrs
Distributions 12m
0.4906 EUR
Effective 🇮🇹 rate
17.22%
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
FLESAn/d
not honestly computable
—
FLESn/d
not honestly computable
—
Rebalix · FLESA vs FLESsection 1 of 4
RebalixFLESA vs FLES · report of 10 September 2026
FLESA — Franklin Euro Short Maturity UCITS ETF (Acc) · IE000STIHQB2 · Bonds · EUR · 0-1 years · Eurozone
FLES — Franklin Euro Short Maturity UCITS ETF (Dis) · IE00BFWXDY69 · Bonds · EUR · 0-1 years · Eurozone
Performance over the period, in euro
From 24 Apr 2023 to 8 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: FLESA; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
FLESA
−0.4%
31 Oct 2025
75 days
76 days · back to break-even on 14 Jan 2026
FLES
−2.6%
11 Jun 2026
not yet
455 days (ongoing)
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · FLESA vs FLESsection 2 of 4
RebalixFLESA vs FLES · report of 10 September 2026
FLESA — Franklin Euro Short Maturity UCITS ETF (Acc) · IE000STIHQB2 · Bonds · EUR · 0-1 years · Eurozone
FLES — Franklin Euro Short Maturity UCITS ETF (Dis) · IE00BFWXDY69 · Bonds · EUR · 0-1 years · Eurozone
Geographic composition
% of portfolio, from full declared holdings
Sector composition
GICS sectors, same sources and dates
Portfolio overlap
81 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 81 common holdings this gives 100.0%: buying both funds, roughly this share of your money buys the same stocks twice.
Rebalix · FLESA vs FLESsection 3 of 4
RebalixFLESA vs FLES · report of 10 September 2026
Full comparison table
"—" = not published by the source, never estimated
FLESA — Franklin Euro Short Maturity UCITS ETF (Acc) · IE000STIHQB2 · Bonds · EUR · 0-1 years · Eurozone
FLES — Franklin Euro Short Maturity UCITS ETF (Dis) · IE00BFWXDY69 · Bonds · EUR · 0-1 years · Eurozone
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~114 euro FLESA · ~114 euro FLES. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.