CCEF vs. FRXD.L
CCEF (Calamos CEF Income & Arbitrage ETF) and FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) are both exchange-traded funds - CCEF is a Dividend fund actively managed by Calamos, while FRXD.L is a Europe Equities fund tracking the LibertyQ European Dividend Index-NR. CCEF is actively managed, while FRXD.L is passively managed. Over the past year, CCEF returned 13.45% vs 17.89% for FRXD.L. At a 0.35 correlation, their price movements are largely independent. CCEF charges 2.74%/yr vs 0.25%/yr for FRXD.L.
Performance
CCEF vs. FRXD.L - Performance Comparison
Loading charts...
Different Trading Currencies
CCEF is traded in USD, while FRXD.L is traded in EUR. To make them comparable, the FRXD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CCEF achieves a 7.10% return, which is significantly lower than FRXD.L's 9.13% return.
CCEF
- 1D
- -0.28%
- 1M
- 0.67%
- 6M
- 4.74%
- YTD
- 7.10%
- 1Y
- 13.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRXD.L
- 1D
- -0.17%
- 1M
- -1.98%
- 6M
- 9.57%
- YTD
- 9.13%
- 1Y
- 17.89%
- 3Y*
- 20.73%
- 5Y*
- 11.70%
- 10Y*
- —
CCEF vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 7.10% | 13.47% | 17.80% |
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 9.13% | 40.67% | 4.56% |
Correlation
The correlation between CCEF and FRXD.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.35 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CCEF vs. FRXD.L — Risk / Return Rank
CCEF
FRXD.L
CCEF vs. FRXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos CEF Income & Arbitrage ETF (CCEF) and Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L). 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.
| CCEF | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.75 | -2.01 |
| Martin ratioReturn relative to average drawdown | 7.50 | 8.52 | -1.02 |
Loading charts...
Drawdowns
CCEF vs. FRXD.L - Drawdown Comparison
The maximum CCEF drawdown since its inception was -13.25%, smaller than the maximum FRXD.L drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for CCEF and FRXD.L.
Loading charts...
Drawdown Indicators
| CCEF | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.25% | -36.94% | +23.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -4.75% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.28% | — |
Current DrawdownCurrent decline from peak | -0.32% | -2.95% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -6.09% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.10% | -0.30% |
Volatility
CCEF vs. FRXD.L - Volatility Comparison
The current volatility for Calamos CEF Income & Arbitrage ETF (CCEF) is 2.06%, while Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) has a volatility of 3.06%. This indicates that CCEF experiences smaller price fluctuations and is considered to be less risky than FRXD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CCEF | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 3.06% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.07% | 8.55% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.23% | 10.96% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 14.46% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 15.62% | -4.92% |
CCEF vs. FRXD.L - Expense Ratio Comparison
CCEF has a 2.74% expense ratio, which is higher than FRXD.L's 0.25% expense ratio.
Dividends
CCEF vs. FRXD.L - Dividend Comparison
CCEF's dividend yield for the trailing twelve months is around 7.96%, more than FRXD.L's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 7.96% | 8.08% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 3.95% | 4.28% | 4.30% | 5.00% | 5.20% | 4.63% | 3.53% | 4.42% | 5.53% |
Frequently Asked Questions
CCEF and FRXD.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRXD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRXD.L is cheaper with a 0.25% expense ratio, compared with 2.74% for CCEF.
CCEF is categorized as Dividend, while FRXD.L is Europe Equities. They also come from different issuers: Calamos and Franklin. Their fees differ too: 2.74% for CCEF and 0.25% for FRXD.L.
Find the right allocation for CCEF and FRXD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer