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BGX.DE vs. FLXD.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BGX.DE vs. FLXD.DE

Last updated Jul 16, 2026
Documentation

BGX.DE (Expat Bulgaria SOFIX UCITS ETF) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - BGX.DE tracks the SOFIX Index while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, BGX.DE returned 12.68%/yr vs 12.36%/yr for FLXD.DE. At a 0.07 correlation, their price movements are largely independent.

Performance

BGX.DE vs. FLXD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Expat Bulgaria SOFIX UCITS ETF (BGX.DE) and Franklin European Quality Dividend UCITS ETF (FLXD.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BGX.DE achieves a 6.93% return, which is significantly lower than FLXD.DE's 12.01% return.

BGX.DE

1D
2.07%
1M
2.97%
6M
-10.23%
YTD
6.93%
1Y
18.70%
3Y*
19.88%
5Y*
12.68%
10Y*
—

FLXD.DE

1D
-0.41%
1M
-0.60%
6M
11.38%
YTD
12.01%
1Y
19.99%
3Y*
18.84%
5Y*
12.36%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BGX.DE vs. FLXD.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BGX.DE
Expat Bulgaria SOFIX UCITS ETF		6.93%28.73%14.12%19.29%-10.64%32.54%-18.73%-9.31%-18.53%
FLXD.DE
Franklin European Quality Dividend UCITS ETF		12.01%24.53%12.34%10.31%-0.48%16.07%-3.54%23.50%-10.13%

Correlation

The correlation between BGX.DE and FLXD.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Jan 10, 2018

0.07

The correlation between BGX.DE and FLXD.DE shifts across timeframes, from -0.07 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Expat Bulgaria SOFIX UCITS ETF

Franklin European Quality Dividend UCITS ETF

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Return for Risk

BGX.DE vs. FLXD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BGX.DE
BGX.DE Risk / Return Rank: 3535
Overall Rank
BGX.DE Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
BGX.DE Sortino Ratio Rank: 4444
Sortino Ratio Rank
BGX.DE Omega Ratio Rank: 4141
Omega Ratio Rank
BGX.DE Calmar Ratio Rank: 2727
Calmar Ratio Rank
BGX.DE Martin Ratio Rank: 2121
Martin Ratio Rank
FLXD.DE
FLXD.DE Risk / Return Rank: 8787
Overall Rank
FLXD.DE Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
FLXD.DE Sortino Ratio Rank: 8888
Sortino Ratio Rank
FLXD.DE Omega Ratio Rank: 8686
Omega Ratio Rank
FLXD.DE Calmar Ratio Rank: 9393
Calmar Ratio Rank
FLXD.DE Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGX.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Expat Bulgaria SOFIX UCITS ETF (BGX.DE) and Franklin European Quality Dividend UCITS ETF (FLXD.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BGX.DEFLXD.DEDifference
Sharpe ratioReturn per unit of total volatility
1.23
2.25

-1.02

Sortino ratioReturn per unit of downside risk
1.88
3.22

-1.34

Omega ratioGain probability vs. loss probability

1.23

1.41

-0.19

Calmar ratioReturn relative to maximum drawdown

1.11

4.97

-3.86

Martin ratioReturn relative to average drawdown

2.08

12.65

-10.57

BGX.DE vs. FLXD.DE - Sharpe Ratio Comparison

The current BGX.DE Sharpe Ratio is 1.23, which is lower than the FLXD.DE Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of BGX.DE and FLXD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BGX.DE vs. FLXD.DE - Drawdown Comparison

The maximum BGX.DE drawdown since its inception was -46.59%, which is greater than FLXD.DE's maximum drawdown of -35.13%. Use the drawdown chart below to compare losses from any high point for BGX.DE and FLXD.DE.

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Drawdown Indicators

BGX.DEFLXD.DEDifference

Max Drawdown

Largest peak-to-trough decline

-46.59%

-35.13%

-11.46%

Max Drawdown (1Y)

Largest decline over 1 year

-17.99%

-4.01%

-13.98%

Max Drawdown (3Y)

Largest decline over 3 years

-17.99%

-10.07%

-7.92%

Max Drawdown (5Y)

Largest decline over 5 years

-17.99%

-14.17%

-3.82%

Current Drawdown

Current decline from peak

-12.90%

-2.14%

-10.76%

Average Drawdown

Average peak-to-trough decline

-20.20%

-3.86%

-16.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.60%

1.58%

+8.02%

Volatility

BGX.DE vs. FLXD.DE - Volatility Comparison

Expat Bulgaria SOFIX UCITS ETF (BGX.DE) has a higher volatility of 3.60% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 2.57%. This indicates that BGX.DE's price experiences larger fluctuations and is considered to be riskier than FLXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BGX.DEFLXD.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

2.57%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

11.33%

7.16%

+4.17%

Volatility (1Y)

Calculated over the trailing 1-year period

16.24%

8.90%

+7.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.22%

11.64%

+3.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.75%

14.04%

+1.71%

Dividends

BGX.DE vs. FLXD.DE - Dividend Comparison

BGX.DE has not paid dividends to shareholders, while FLXD.DE's dividend yield for the trailing twelve months is around 3.94%.

PositionTTM202520242023202220212020201920182017
BGX.DE
Expat Bulgaria SOFIX UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FLXD.DE
Franklin European Quality Dividend UCITS ETF		3.94%4.27%4.31%4.99%5.20%4.61%3.48%4.38%5.45%0.72%

Frequently Asked Questions

BGX.DE and FLXD.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BGX.DE tracks SOFIX Index, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: Expat and Franklin Templeton.

Portfolio Optimizer

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