FLXD.DE vs. SK9A.DE
FLXD.DE (Franklin European Quality Dividend UCITS ETF) and SK9A.DE (Expat Slovakia SAX UCITS ETF) are both Europe Equities funds - FLXD.DE tracks the MSCI Europe High Div Yld NR EUR while SK9A.DE tracks the SAX Index. Both are passively managed. Over the past 5 years, FLXD.DE returned 12.56%/yr vs -11.36%/yr for SK9A.DE. At a 0.02 correlation, their price movements are largely independent. FLXD.DE charges 0.25%/yr vs 1.38%/yr for SK9A.DE.
Performance
FLXD.DE vs. SK9A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXD.DE achieves a 12.99% return, which is significantly higher than SK9A.DE's -5.31% return.
FLXD.DE
- 1D
- 1.10%
- 1M
- 0.46%
- 6M
- 11.65%
- YTD
- 12.99%
- 1Y
- 20.55%
- 3Y*
- 19.43%
- 5Y*
- 12.56%
- 10Y*
- —
SK9A.DE
- 1D
- 0.00%
- 1M
- 3.83%
- 6M
- -3.70%
- YTD
- -5.31%
- 1Y
- -8.51%
- 3Y*
- -8.81%
- 5Y*
- -11.36%
- 10Y*
- —
FLXD.DE vs. SK9A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLXD.DE Franklin European Quality Dividend UCITS ETF | 12.99% | 24.53% | 12.34% | 10.31% | -0.48% | 16.07% | -3.54% | 23.50% | -7.14% |
SK9A.DE Expat Slovakia SAX UCITS ETF | -5.31% | -7.70% | -11.57% | -2.72% | -26.07% | 0.64% | -6.13% | -2.42% | -10.23% |
Correlation
The correlation between FLXD.DE and SK9A.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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.02 |
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Return for Risk
FLXD.DE vs. SK9A.DE — Risk / Return Rank
FLXD.DE
SK9A.DE
FLXD.DE vs. SK9A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin European Quality Dividend UCITS ETF (FLXD.DE) and Expat Slovakia SAX UCITS ETF (SK9A.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.
| FLXD.DE | SK9A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.14 | ||
| Sortino ratioReturn per unit of downside risk | +4.45 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.84 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | -0.55 | +5.66 |
| Martin ratioReturn relative to average drawdown | 12.92 | -1.05 | +13.98 |
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Drawdowns
FLXD.DE vs. SK9A.DE - Drawdown Comparison
The maximum FLXD.DE drawdown since its inception was -35.13%, smaller than the maximum SK9A.DE drawdown of -73.30%. Use the drawdown chart below to compare losses from any high point for FLXD.DE and SK9A.DE.
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Drawdown Indicators
| FLXD.DE | SK9A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.13% | -73.30% | +38.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -15.32% | +11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -10.07% | -31.08% | +21.01% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -49.50% | +35.33% |
Current DrawdownCurrent decline from peak | -1.29% | -71.34% | +70.05% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -45.91% | +42.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 8.08% | -6.49% |
Volatility
FLXD.DE vs. SK9A.DE - Volatility Comparison
The current volatility for Franklin European Quality Dividend UCITS ETF (FLXD.DE) is 2.47%, while Expat Slovakia SAX UCITS ETF (SK9A.DE) has a volatility of 5.89%. This indicates that FLXD.DE experiences smaller price fluctuations and is considered to be less risky than SK9A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXD.DE | SK9A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 5.89% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 7.79% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.93% | 10.02% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.65% | 9.51% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 38.28% | -24.24% |
FLXD.DE vs. SK9A.DE - Expense Ratio Comparison
FLXD.DE has a 0.25% expense ratio, which is lower than SK9A.DE's 1.38% expense ratio.
Dividends
FLXD.DE vs. SK9A.DE - Dividend Comparison
FLXD.DE's dividend yield for the trailing twelve months is around 3.91%, while SK9A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLXD.DE Franklin European Quality Dividend UCITS ETF | 3.91% | 4.27% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% |
SK9A.DE Expat Slovakia SAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLXD.DE and SK9A.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 SK9A.DE.
FLXD.DE tracks MSCI Europe High Div Yld NR EUR, while SK9A.DE tracks SAX Index. They also come from different issuers: Franklin Templeton and Expat. Their fees differ too: 0.25% for FLXD.DE and 1.38% for SK9A.DE.
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