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CEU1.L vs. FLXD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEU1.L vs. FLXD.L

Last updated Jun 5, 2026

CEU1.L (iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)) and FLXD.L (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - CEU1.L tracks the MSCI EMU NR EUR while FLXD.L tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, CEU1.L returned 10.72%/yr vs 13.18%/yr for FLXD.L. A 0.74 correlation means they provide meaningful diversification when combined. CEU1.L charges 0.12%/yr vs 0.25%/yr for FLXD.L.

Performance

CEU1.L vs. FLXD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) and Franklin European Quality Dividend UCITS ETF (FLXD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CEU1.L is traded in GBp, while FLXD.L is traded in GBP. To make them comparable, the FLXD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CEU1.L achieves a 7.95% return, which is significantly lower than FLXD.L's 9.29% return.

CEU1.L

1D
0.41%
1M
4.87%
YTD
7.95%
6M
9.61%
1Y
21.06%
3Y*
16.19%
5Y*
10.72%
10Y*
11.08%

FLXD.L

1D
0.49%
1M
-0.03%
YTD
9.29%
6M
12.43%
1Y
20.53%
3Y*
19.08%
5Y*
13.18%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEU1.L vs. FLXD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CEU1.L
iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)		7.95%30.63%4.62%16.50%-6.40%14.38%5.24%19.34%-11.60%0.66%
FLXD.L
Franklin European Quality Dividend UCITS ETF		9.29%31.50%8.51%9.23%6.26%10.54%1.48%13.79%-11.21%-3.30%

Correlation

The correlation between CEU1.L and FLXD.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.52

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

0.57

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

0.67

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2017

0.74

Over the past year, the correlation between CEU1.L and FLXD.L has dropped to 0.52 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

CEU1.L vs. FLXD.L - Sectors Allocation Comparison

Sectors
CEU1.L
FLXD.L

Financial Services

24.0%
35.8%

Industrials

21.0%
7.9%

Technology

15.9%
0.7%

Consumer Cyclical

8.4%
1.0%

Utilities

6.4%
3.1%

Healthcare

5.6%
10.3%

Consumer Defensive

5.6%
4.6%

Communication Services

4.3%
16.3%

Basic Materials

4.0%
5.2%

Energy

3.9%
11.6%

Real Estate

0.9%
3.5%

Financial Services

CEU1.L
24.0%
FLXD.L
35.8%

Industrials

CEU1.L
21.0%
FLXD.L
7.9%

Technology

CEU1.L
15.9%
FLXD.L
0.7%

Consumer Cyclical

CEU1.L
8.4%
FLXD.L
1.0%

Utilities

CEU1.L
6.4%
FLXD.L
3.1%

Healthcare

CEU1.L
5.6%
FLXD.L
10.3%

Consumer Defensive

CEU1.L
5.6%
FLXD.L
4.6%

Communication Services

CEU1.L
4.3%
FLXD.L
16.3%

Basic Materials

CEU1.L
4.0%
FLXD.L
5.2%

Energy

CEU1.L
3.9%
FLXD.L
11.6%

Real Estate

CEU1.L
0.9%
FLXD.L
3.5%

Compare stocks, funds, or ETFs

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iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)

Franklin European Quality Dividend UCITS ETF

Often compared with CEU1.L:
CEU1.L vs. WLDL.LCEU1.L vs. CS51.LCEU1.L vs. EIMI.LCEU1.L vs. VUKG.LCEU1.L vs. IEFV.LCEU1.L vs. SCHDCEU1.L vs. EEM
Often compared with FLXD.L:
FLXD.L vs. TDGB.LFLXD.L vs. LDEG.LFLXD.L vs. XSTC.LFLXD.L vs. EQDS.LFLXD.L vs. S7XP.LFLXD.L vs. IDVY.LFLXD.L vs. VUAG.L

Return for Risk

CEU1.L vs. FLXD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEU1.L
CEU1.L Risk / Return Rank: 4343
Overall Rank
CEU1.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
CEU1.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
CEU1.L Omega Ratio Rank: 4646
Omega Ratio Rank
CEU1.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
CEU1.L Martin Ratio Rank: 4343
Martin Ratio Rank
FLXD.L
FLXD.L Risk / Return Rank: 8080
Overall Rank
FLXD.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FLXD.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
FLXD.L Omega Ratio Rank: 7474
Omega Ratio Rank
FLXD.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
FLXD.L 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.

CEU1.L vs. FLXD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) and Franklin European Quality Dividend UCITS ETF (FLXD.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.

CEU1.LFLXD.LDifference
Sharpe ratioReturn per unit of total volatility
1.51
2.40

-0.89

Sortino ratioReturn per unit of downside risk
2.20
3.51

-1.31

Omega ratioGain probability vs. loss probability

1.29

1.43

-0.15

Calmar ratioReturn relative to maximum drawdown

1.92

5.64

-3.73

Martin ratioReturn relative to average drawdown

6.78

15.75

-8.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEU1.L vs. FLXD.L - Sharpe Ratio Comparison

The current CEU1.L Sharpe Ratio is 1.51, which is lower than the FLXD.L Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of CEU1.L and FLXD.L, 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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Sharpe Ratios by Period

CEU1.LFLXD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

2.40

-0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

1.21

-0.55

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.64

-0.13

Drawdowns

CEU1.L vs. FLXD.L - Drawdown Comparison

The maximum CEU1.L drawdown since its inception was -31.47%, which is greater than FLXD.L's maximum drawdown of -29.71%. Use the drawdown chart below to compare losses from any high point for CEU1.L and FLXD.L.

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Drawdown Indicators

CEU1.LFLXD.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.47%

-29.71%

-1.76%

Max Drawdown (1Y)

Largest decline over 1 year

-10.93%

-3.62%

-7.31%

Max Drawdown (3Y)

Largest decline over 3 years

-13.04%

-7.78%

-5.26%

Max Drawdown (5Y)

Largest decline over 5 years

-21.68%

-11.76%

-9.92%

Max Drawdown (10Y)

Largest decline over 10 years

-31.39%

—

—

Current Drawdown

Current decline from peak

-0.10%

-2.77%

+2.67%

Average Drawdown

Average peak-to-trough decline

-5.28%

-4.13%

-1.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

1.30%

+1.80%

Volatility

CEU1.L vs. FLXD.L - Volatility Comparison

iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) has a higher volatility of 4.55% compared to Franklin European Quality Dividend UCITS ETF (FLXD.L) at 2.67%. This indicates that CEU1.L's price experiences larger fluctuations and is considered to be riskier than FLXD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CEU1.LFLXD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

2.67%

+1.88%

Volatility (6M)

Calculated over the trailing 6-month period

11.48%

6.95%

+4.53%

Volatility (1Y)

Calculated over the trailing 1-year period

13.89%

8.52%

+5.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

10.85%

+5.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.77%

12.91%

+3.86%

CEU1.L vs. FLXD.L - Expense Ratio Comparison

CEU1.L has a 0.12% expense ratio, which is lower than FLXD.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CEU1.L vs. FLXD.L - Dividend Comparison

CEU1.L has not paid dividends to shareholders, while FLXD.L's dividend yield for the trailing twelve months is around 4.37%.

PositionTTM20252024202320222021202020192018
CEU1.L
iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FLXD.L
Franklin European Quality Dividend UCITS ETF		4.37%4.90%5.18%5.75%5.87%5.51%3.90%1.53%1.09%

Frequently Asked Questions

CEU1.L and FLXD.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CEU1.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CEU1.L is cheaper with a 0.12% expense ratio, compared with 0.25% for FLXD.L.

CEU1.L tracks MSCI EMU NR EUR, while FLXD.L tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.12% for CEU1.L and 0.25% for FLXD.L.

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