EXS3.DE vs. FLXD.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - EXS3.DE tracks the MDAX® while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, EXS3.DE returned -1.18%/yr vs 12.10%/yr for FLXD.DE. A 0.64 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.25%/yr for FLXD.DE.
Performance
EXS3.DE vs. FLXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS3.DE achieves a 6.43% return, which is significantly lower than FLXD.DE's 10.13% return.
EXS3.DE
- 1D
- 0.21%
- 1M
- 5.13%
- YTD
- 6.43%
- 6M
- 10.24%
- 1Y
- 4.92%
- 3Y*
- 6.03%
- 5Y*
- -1.18%
- 10Y*
- 4.04%
FLXD.DE
- 1D
- 0.23%
- 1M
- -0.45%
- YTD
- 10.13%
- 6M
- 13.08%
- 1Y
- 16.52%
- 3Y*
- 17.99%
- 5Y*
- 12.10%
- 10Y*
- —
EXS3.DE vs. FLXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 6.43% | 19.10% | -6.45% | 7.92% | -29.11% | 13.18% | 8.17% | 30.28% | -18.39% | 5.97% |
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 EXS3.DE and FLXD.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2017 | 0.64 |
Over the past year, the correlation between EXS3.DE and FLXD.DE has dropped to 0.42 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
EXS3.DE vs. FLXD.DE — Risk / Return Rank
EXS3.DE
FLXD.DE
EXS3.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.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.
| EXS3.DE | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 4.09 | -3.75 |
| Martin ratioReturn relative to average drawdown | 0.91 | 11.21 | -10.30 |
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
| EXS3.DE | FLXD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.89 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 1.03 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.65 | -0.29 |
Drawdowns
EXS3.DE vs. FLXD.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, 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 EXS3.DE and FLXD.DE.
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Drawdown Indicators
| EXS3.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -35.10% | -28.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -4.02% | -10.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -10.07% | -8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -14.19% | -26.12% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | — | — |
Current DrawdownCurrent decline from peak | -12.23% | -3.80% | -8.43% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -3.88% | -10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 1.47% | +3.88% |
Volatility
EXS3.DE vs. FLXD.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 4.94% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 3.50%. This indicates that EXS3.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
| EXS3.DE | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.50% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 7.02% | +8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 8.70% | +9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 11.66% | +7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 14.11% | +4.26% |
EXS3.DE vs. FLXD.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is higher than FLXD.DE's 0.25% expense ratio.
Dividends
EXS3.DE vs. FLXD.DE - Dividend Comparison
EXS3.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 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.49% | 0.53% | 0.49% |
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% | 0.00% |
Frequently Asked Questions
EXS3.DE and FLXD.DE have a correlation of 0.42, 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 0.51% for EXS3.DE.
EXS3.DE tracks MDAX®, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.51% for EXS3.DE and 0.25% for FLXD.DE.
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