ESNB.DE vs. FLXD.DE
ESNB.DE (Expat Serbia BELEX15 UCITS ETF) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - ESNB.DE tracks the BELEX15 Index while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, ESNB.DE returned -1.86%/yr vs 12.36%/yr for FLXD.DE. At a correlation of -0.01, they often move in opposite directions. ESNB.DE charges 1.38%/yr vs 0.25%/yr for FLXD.DE.
Performance
ESNB.DE vs. FLXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESNB.DE achieves a -7.20% return, which is significantly lower than FLXD.DE's 12.01% return.
ESNB.DE
- 1D
- -0.13%
- 1M
- -0.70%
- 6M
- -5.93%
- YTD
- -7.20%
- 1Y
- -5.98%
- 3Y*
- -1.71%
- 5Y*
- -1.86%
- 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*
- —
ESNB.DE vs. FLXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -7.20% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 12.01% | 24.53% | 12.34% | 10.31% | -0.48% | 16.07% | -3.54% | 23.50% | -7.14% |
Correlation
The correlation between ESNB.DE and FLXD.DE is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | -0.01 |
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Return for Risk
ESNB.DE vs. FLXD.DE — Risk / Return Rank
ESNB.DE
FLXD.DE
ESNB.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Serbia BELEX15 UCITS ETF (ESNB.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.
| ESNB.DE | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.41 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 4.97 | -5.46 |
| Martin ratioReturn relative to average drawdown | -1.05 | 12.65 | -13.69 |
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Drawdowns
ESNB.DE vs. FLXD.DE - Drawdown Comparison
The maximum ESNB.DE drawdown since its inception was -22.77%, smaller than the maximum FLXD.DE drawdown of -35.13%. Use the drawdown chart below to compare losses from any high point for ESNB.DE and FLXD.DE.
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Drawdown Indicators
| ESNB.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -35.13% | +12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -4.01% | -6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -10.07% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -14.17% | -1.68% |
Current DrawdownCurrent decline from peak | -13.87% | -2.14% | -11.73% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -3.86% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 1.58% | +3.30% |
Volatility
ESNB.DE vs. FLXD.DE - Volatility Comparison
Expat Serbia BELEX15 UCITS ETF (ESNB.DE) has a higher volatility of 3.07% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 2.57%. This indicates that ESNB.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
| ESNB.DE | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.57% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 7.16% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.76% | 8.90% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 11.64% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 14.04% | -1.93% |
ESNB.DE vs. FLXD.DE - Expense Ratio Comparison
ESNB.DE has a 1.38% expense ratio, which is higher than FLXD.DE's 0.25% expense ratio.
Dividends
ESNB.DE vs. FLXD.DE - Dividend Comparison
ESNB.DE has not paid dividends to shareholders, while FLXD.DE's dividend yield for the trailing twelve months is around 3.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ESNB.DE Expat Serbia BELEX15 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
ESNB.DE and FLXD.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXD.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for ESNB.DE.
ESNB.DE tracks BELEX15 Index, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: Expat and Franklin Templeton. Their fees differ too: 1.38% for ESNB.DE and 0.25% for FLXD.DE.
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