EUN0.DE vs. FLXD.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - EUN0.DE tracks the MSCI Europe Minimum Volatility while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, EUN0.DE returned 7.36%/yr vs 12.10%/yr for FLXD.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
EUN0.DE vs. FLXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN0.DE achieves a 5.60% return, which is significantly lower than FLXD.DE's 10.13% return.
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
FLXD.DE
- 1D
- 0.23%
- 1M
- -0.76%
- YTD
- 10.13%
- 6M
- 13.48%
- 1Y
- 16.10%
- 3Y*
- 17.99%
- 5Y*
- 12.10%
- 10Y*
- —
EUN0.DE vs. FLXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 2.29% |
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 EUN0.DE and FLXD.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2017 | 0.78 |
The correlation between EUN0.DE and FLXD.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
EUN0.DE vs. FLXD.DE — Risk / Return Rank
EUN0.DE
FLXD.DE
EUN0.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| EUN0.DE | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.34 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 4.09 | -3.33 |
| Martin ratioReturn relative to average drawdown | 1.97 | 11.21 | -9.24 |
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
| EUN0.DE | FLXD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.89 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.03 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.65 | -0.02 |
Drawdowns
EUN0.DE vs. FLXD.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, smaller than the maximum FLXD.DE drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for EUN0.DE and FLXD.DE.
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Drawdown Indicators
| EUN0.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -35.10% | +4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -4.02% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -10.07% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -14.19% | -5.45% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | — | — |
Current DrawdownCurrent decline from peak | -3.12% | -3.80% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -3.88% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.47% | +1.29% |
Volatility
EUN0.DE vs. FLXD.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) is 3.03%, while Franklin European Quality Dividend UCITS ETF (FLXD.DE) has a volatility of 3.50%. This indicates that EUN0.DE experiences smaller price fluctuations and is considered to be less risky 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
| EUN0.DE | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.50% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 7.02% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 8.70% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 11.66% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.51% | 14.11% | -1.60% |
EUN0.DE vs. FLXD.DE - Expense Ratio Comparison
Both EUN0.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
EUN0.DE vs. FLXD.DE - Dividend Comparison
EUN0.DE has not paid dividends to shareholders, while FLXD.DE's dividend yield for the trailing twelve months is around 3.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility 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 | 3.78% | 4.28% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% |
Frequently Asked Questions
EUN0.DE and FLXD.DE have a correlation of 0.77, 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.
EUN0.DE and FLXD.DE have the same expense ratio: 0.25% per year.
EUN0.DE tracks MSCI Europe Minimum Volatility, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: iShares and Franklin Templeton.
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