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FLXB.L vs. FRGD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLXB.L vs. FRGD.L

Last updated Jul 16, 2026
Documentation

FLXB.L (Franklin FTSE Brazil UCITS ETF) and FRGD.L (Franklin Global Quality Dividend UCITS ETF) are both exchange-traded funds - FLXB.L is a Global Equities fund tracking the Franklin FTSE Brazil UCITS ETF, while FRGD.L is a Dividend fund tracking the Franklin Global Quality Dividend UCITS ETF. Both are passively managed. Over the past 5 years, FLXB.L returned 6.80%/yr vs 9.46%/yr for FRGD.L. At a 0.48 correlation, their price movements are largely independent. FLXB.L charges 0.19%/yr vs 0.30%/yr for FRGD.L.

Performance

FLXB.L vs. FRGD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Brazil UCITS ETF (FLXB.L) and Franklin Global Quality Dividend UCITS ETF (FRGD.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FLXB.L achieves a 17.17% return, which is significantly higher than FRGD.L's 11.68% return.

FLXB.L

1D
0.13%
1M
1.17%
6M
13.24%
YTD
17.17%
1Y
39.35%
3Y*
12.11%
5Y*
6.80%
10Y*
—

FRGD.L

1D
-0.57%
1M
0.07%
6M
8.73%
YTD
11.68%
1Y
19.15%
3Y*
15.81%
5Y*
9.46%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLXB.L vs. FRGD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FLXB.L
Franklin FTSE Brazil UCITS ETF		17.17%45.49%-27.92%33.43%10.93%-16.59%-19.42%12.18%
FRGD.L
Franklin Global Quality Dividend UCITS ETF		11.68%14.23%15.42%10.52%-9.39%19.24%5.56%12.91%

Correlation

The correlation between FLXB.L and FRGD.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2019

0.48

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Franklin FTSE Brazil UCITS ETF

Franklin Global Quality Dividend UCITS ETF

Return for Risk

FLXB.L vs. FRGD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLXB.L
FLXB.L Risk / Return Rank: 5555
Overall Rank
FLXB.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
FLXB.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
FLXB.L Omega Ratio Rank: 5454
Omega Ratio Rank
FLXB.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
FLXB.L Martin Ratio Rank: 4444
Martin Ratio Rank
FRGD.L
FRGD.L Risk / Return Rank: 7171
Overall Rank
FRGD.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FRGD.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
FRGD.L Omega Ratio Rank: 6969
Omega Ratio Rank
FRGD.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
FRGD.L Martin Ratio Rank: 6767
Martin Ratio Rank
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.

FLXB.L vs. FRGD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FLXB.L) and Franklin Global Quality Dividend UCITS ETF (FRGD.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.

FLXB.LFRGD.LDifference
Sharpe ratioReturn per unit of total volatility
1.65
1.89

-0.24

Sortino ratioReturn per unit of downside risk
2.29
2.75

-0.46

Omega ratioGain probability vs. loss probability

1.28

1.33

-0.05

Calmar ratioReturn relative to maximum drawdown

2.21

2.74

-0.53

Martin ratioReturn relative to average drawdown

5.73

9.61

-3.89

FLXB.L vs. FRGD.L - Sharpe Ratio Comparison

The current FLXB.L Sharpe Ratio is 1.65, which is comparable to the FRGD.L Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FLXB.L and FRGD.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.

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Drawdowns

FLXB.L vs. FRGD.L - Drawdown Comparison

The maximum FLXB.L drawdown since its inception was -56.54%, which is greater than FRGD.L's maximum drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for FLXB.L and FRGD.L.

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Drawdown Indicators

FLXB.LFRGD.LDifference

Max Drawdown

Largest peak-to-trough decline

-56.54%

-35.03%

-21.51%

Max Drawdown (1Y)

Largest decline over 1 year

-17.78%

-6.95%

-10.83%

Max Drawdown (3Y)

Largest decline over 3 years

-28.79%

-12.61%

-16.18%

Max Drawdown (5Y)

Largest decline over 5 years

-32.17%

-22.51%

-9.66%

Current Drawdown

Current decline from peak

-12.54%

-0.80%

-11.74%

Average Drawdown

Average peak-to-trough decline

-18.96%

-5.16%

-13.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.89%

1.99%

+4.90%

Volatility

FLXB.L vs. FRGD.L - Volatility Comparison

Franklin FTSE Brazil UCITS ETF (FLXB.L) has a higher volatility of 6.41% compared to Franklin Global Quality Dividend UCITS ETF (FRGD.L) at 2.84%. This indicates that FLXB.L's price experiences larger fluctuations and is considered to be riskier than FRGD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLXB.LFRGD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.41%

2.84%

+3.57%

Volatility (6M)

Calculated over the trailing 6-month period

18.27%

7.99%

+10.28%

Volatility (1Y)

Calculated over the trailing 1-year period

23.82%

10.11%

+13.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.18%

13.02%

+14.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.03%

14.58%

+17.45%

FLXB.L vs. FRGD.L - Expense Ratio Comparison

FLXB.L has a 0.19% expense ratio, which is lower than FRGD.L's 0.30% expense ratio.

Dividends

FLXB.L vs. FRGD.L - Dividend Comparison

FLXB.L has not paid dividends to shareholders, while FRGD.L's dividend yield for the trailing twelve months is around 2.50%.

PositionTTM202520242023202220212020201920182017
FLXB.L
Franklin FTSE Brazil UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FRGD.L
Franklin Global Quality Dividend UCITS ETF		2.50%2.69%2.46%2.73%3.03%2.36%2.41%3.21%3.38%0.44%

Frequently Asked Questions

FLXB.L and FRGD.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FLXB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FLXB.L is cheaper with a 0.19% expense ratio, compared with 0.30% for FRGD.L.

FLXB.L is categorized as Global Equities, while FRGD.L is Dividend. FLXB.L tracks Franklin FTSE Brazil UCITS ETF, while FRGD.L tracks Franklin Global Quality Dividend UCITS ETF. Their fees differ too: 0.19% for FLXB.L and 0.30% for FRGD.L.

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