E903.DE vs. FLXD.DE
E903.DE (Amundi DivDAX II UCITS ETF Dist) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - E903.DE tracks the DivDAX® while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, E903.DE returned 5.65%/yr vs 12.10%/yr for FLXD.DE. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
E903.DE vs. FLXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E903.DE achieves a 1.54% return, which is significantly lower than FLXD.DE's 10.13% return.
E903.DE
- 1D
- -0.69%
- 1M
- -2.94%
- YTD
- 1.54%
- 6M
- 3.05%
- 1Y
- 8.07%
- 3Y*
- 9.49%
- 5Y*
- 5.65%
- 10Y*
- 7.64%
FLXD.DE
- 1D
- 0.23%
- 1M
- -0.76%
- YTD
- 10.13%
- 6M
- 13.48%
- 1Y
- 16.10%
- 3Y*
- 17.99%
- 5Y*
- 12.10%
- 10Y*
- —
E903.DE vs. FLXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 1.54% | 21.96% | 4.36% | 17.02% | -10.82% | 13.58% | 1.62% | 23.29% | -16.27% | 6.78% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 10.13% | 24.53% | 12.30% | 10.31% | -0.48% | 16.07% | -3.54% | 23.52% | -7.81% | 0.44% |
Correlation
The correlation between E903.DE and FLXD.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2017 | 0.71 |
The correlation between E903.DE and FLXD.DE shifts across timeframes, from 0.53 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
E903.DE vs. FLXD.DE — Risk / Return Rank
E903.DE
FLXD.DE
E903.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi DivDAX II UCITS ETF Dist (E903.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.
| E903.DE | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.34 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 4.09 | -3.25 |
| Martin ratioReturn relative to average drawdown | 2.33 | 11.21 | -8.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| E903.DE | FLXD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.89 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 1.03 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.65 | -0.31 |
Drawdowns
E903.DE vs. FLXD.DE - Drawdown Comparison
The maximum E903.DE drawdown since its inception was -41.56%, which is greater than FLXD.DE's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for E903.DE and FLXD.DE.
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Drawdown Indicators
| E903.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -35.10% | -6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -4.02% | -5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -10.07% | -5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -14.19% | -11.18% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | — | — |
Current DrawdownCurrent decline from peak | -5.02% | -3.80% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -3.88% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 1.47% | +2.08% |
Volatility
E903.DE vs. FLXD.DE - Volatility Comparison
Amundi DivDAX II UCITS ETF Dist (E903.DE) has a higher volatility of 3.68% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 3.50%. This indicates that E903.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
| E903.DE | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.50% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 7.02% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 8.70% | +5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 11.66% | +5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 14.11% | +4.57% |
E903.DE vs. FLXD.DE - Expense Ratio Comparison
Both E903.DE and FLXD.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
E903.DE vs. FLXD.DE - Dividend Comparison
E903.DE's dividend yield for the trailing twelve months is around 3.61%, less than FLXD.DE's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 3.61% | 3.66% | 4.20% | 5.26% | 3.88% | 2.62% | 3.28% | 3.24% | 3.74% | 2.45% | 2.97% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 3.78% | 4.28% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% | 0.00% |
Frequently Asked Questions
E903.DE and FLXD.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
E903.DE and FLXD.DE have the same expense ratio: 0.25% per year.
E903.DE tracks DivDAX®, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: Amundi and Franklin Templeton.
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