EUDV.L vs. FRXD.L

Last updated Jul 22, 2026

EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) are both Europe Equities funds - EUDV.L tracks the MSCI EMU NR EUR while FRXD.L tracks the LibertyQ European Dividend Index-NR. Both are passively managed. Over the past 5 years, EUDV.L returned 8.73%/yr vs 12.31%/yr for FRXD.L. A 0.76 correlation means they provide meaningful diversification when combined. EUDV.L charges 0.30%/yr vs 0.25%/yr for FRXD.L.

Performance

EUDV.L vs. FRXD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) and Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EUDV.L is traded in GBP, while FRXD.L is traded in EUR. To make them comparable, the FRXD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EUDV.L achieves a 7.03% return, which is significantly lower than FRXD.L's 9.90% return.

EUDV.L

• 1D: -0.20%
• 1M: 0.12%
• 6M: 8.35%
• YTD: 7.03%
• 1Y: 11.77%
• 3Y*: 13.84%
• 5Y*: 8.73%
• 10Y*: 7.44%
• ALL TIME*: 7.22%

FRXD.L

• 1D: 0.44%
• 1M: -0.53%
• 6M: 9.69%
• YTD: 9.90%
• 1Y: 17.44%
• 3Y*: 17.64%
• 5Y*: 12.31%
• 10Y*: —
• ALL TIME*: 8.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUDV.L vs. FRXD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	7.03%	25.94%	3.61%	15.55%	-5.72%	7.12%	-6.90%	15.46%	-7.03%	-1.08%
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist)	9.90%	30.65%	7.63%	8.12%	5.16%	10.32%	1.12%	17.41%	-8.42%	-3.16%

Correlation

The correlation between EUDV.L and FRXD.L is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017	0.76

The correlation between EUDV.L and FRXD.L has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

EUDV.L vs. FRXD.L - Sectors Allocation Comparison

Sectors	EUDV.L	FRXD.L
Financial Services	25.6%	43.0%
Industrials	22.0%	7.1%
Utilities	14.8%	0.7%
Basic Materials	8.6%	6.3%
Healthcare	6.5%	9.4%
Energy	6.5%	8.4%
Communication Services	5.7%	14.6%
Consumer Defensive	4.2%	3.8%
Real Estate	2.5%	4.6%
Consumer Cyclical	2.3%	1.2%
Technology	1.3%	0.8%

Return for Risk

EUDV.L vs. FRXD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUDV.L

EUDV.L Risk / Return Rank: 38
EUDV.L Sharpe Ratio Rank: 41
EUDV.L Sortino Ratio Rank: 38
EUDV.L Omega Ratio Rank: 39
EUDV.L Calmar Ratio Rank: 34
EUDV.L Martin Ratio Rank: 36

FRXD.L

FRXD.L Risk / Return Rank: 89
FRXD.L Sharpe Ratio Rank: 88
FRXD.L Sortino Ratio Rank: 89
FRXD.L Omega Ratio Rank: 86
FRXD.L Calmar Ratio Rank: 95
FRXD.L Martin Ratio Rank: 87

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.

EUDV.L vs. FRXD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) 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.

	EUDV.L	FRXD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.93	-0.84
Sortino ratio: Return per unit of downside risk	1.52	2.77	-1.25
Omega ratio: Gain probability vs. loss probability	1.20	1.34	-0.14
Calmar ratio: Return relative to maximum drawdown	1.28	4.84	-3.56
Martin ratio: Return relative to average drawdown	3.95	10.81	-6.86

EUDV.L vs. FRXD.L - Sharpe Ratio Comparison

The current EUDV.L Sharpe Ratio is 1.09, which is lower than the FRXD.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of EUDV.L and FRXD.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.

Drawdowns

EUDV.L vs. FRXD.L - Drawdown Comparison

The maximum EUDV.L drawdown since its inception was -31.67%, which is greater than FRXD.L's maximum drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for EUDV.L and FRXD.L.

Drawdown Indicators

	EUDV.L	FRXD.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.67%	-29.39%	-2.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-3.59%	-5.58%
Max Drawdown (3Y) Largest decline over 3 years	-9.80%	-8.29%	-1.51%
Max Drawdown (5Y) Largest decline over 5 years	-22.16%	-12.18%	-9.98%
Max Drawdown (10Y) Largest decline over 10 years	-31.67%	—	—
Current Drawdown Current decline from peak	-1.72%	-2.58%	+0.86%
Average Drawdown Average peak-to-trough decline	-5.95%	-3.52%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	1.61%	+1.36%

Volatility

EUDV.L vs. FRXD.L - Volatility Comparison

SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) and Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) have volatilities of 2.84% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDV.L	FRXD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.83%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	7.17%	+1.78%
Volatility (1Y) Calculated over the trailing 1-year period	10.73%	8.98%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	11.31%	+2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	13.38%	+1.39%

EUDV.L vs. FRXD.L - Expense Ratio Comparison

EUDV.L has a 0.30% expense ratio, which is higher than FRXD.L's 0.25% expense ratio.

Dividends

EUDV.L vs. FRXD.L - Dividend Comparison

EUDV.L's dividend yield for the trailing twelve months is around 3.54%, less than FRXD.L's 3.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	3.54%	4.04%	3.68%	3.29%	3.56%	2.86%	3.14%	3.23%	3.71%	3.13%	2.94%	2.97%
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist)	3.93%	4.28%	4.30%	5.00%	5.20%	4.63%	3.53%	4.42%	5.53%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUDV.L and FRXD.L in my portfolio?

EUDV.L and FRXD.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUDV.L or FRXD.L?

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.

Which ETF is cheaper, EUDV.L or FRXD.L?

FRXD.L is cheaper with a 0.25% expense ratio, compared with 0.30% for EUDV.L.

What is the main difference between EUDV.L and FRXD.L?

EUDV.L tracks MSCI EMU NR EUR, while FRXD.L tracks LibertyQ European Dividend Index-NR. They also come from different issuers: State Street and Franklin. Their fees differ too: 0.30% for EUDV.L and 0.25% for FRXD.L.