FLXD.L vs. FRUE.L

Last updated Jun 5, 2026

FLXD.L (Franklin European Quality Dividend UCITS ETF) and FRUE.L (Franklin LibertyQ U.S. Equity UCITS ETF) are both exchange-traded funds - FLXD.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while FRUE.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, FLXD.L returned 13.18%/yr vs 13.31%/yr for FRUE.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

FLXD.L vs. FRUE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin European Quality Dividend UCITS ETF (FLXD.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FRUE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLXD.L is traded in GBP, while FRUE.L is traded in USD. To make them comparable, the FRUE.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLXD.L achieves a 9.29% return, which is significantly lower than FRUE.L's 12.48% return.

FLXD.L

• 1D: 0.49%
• 1M: -0.03%
• YTD: 9.29%
• 6M: 12.43%
• 1Y: 20.53%
• 3Y*: 19.08%
• 5Y*: 13.18%
• 10Y*: —

FRUE.L

• 1D: -0.02%
• 1M: 5.17%
• YTD: 12.48%
• 6M: 11.87%
• 1Y: 30.66%
• 3Y*: 15.79%
• 5Y*: 13.31%
• 10Y*: —

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

FLXD.L vs. FRUE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLXD.L Franklin European Quality Dividend UCITS ETF	9.29%	31.50%	8.51%	9.23%	6.26%	10.54%	1.48%	13.79%	-11.21%	-3.30%
FRUE.L Franklin LibertyQ U.S. Equity UCITS ETF	12.48%	12.74%	12.10%	9.54%	2.14%	28.05%	6.28%	23.34%	2.51%	8.51%

Correlation

The correlation between FLXD.L and FRUE.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Sep 11, 2017	0.49

Over the past year, the correlation between FLXD.L and FRUE.L has dropped to 0.23 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

FLXD.L vs. FRUE.L - Sectors Allocation Comparison

Sectors	FLXD.L	FRUE.L
Financial Services	35.8%	9.9%
Communication Services	16.3%	12.2%
Energy	11.6%	1.0%
Healthcare	10.3%	10.5%
Industrials	7.9%	10.1%
Basic Materials	5.2%	1.7%
Consumer Defensive	4.6%	4.4%
Real Estate	3.5%	2.9%
Utilities	3.1%	1.6%
Consumer Cyclical	1.0%	11.5%
Technology	0.7%	34.3%

Return for Risk

FLXD.L vs. FRUE.L — Risk / Return Rank

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

FLXD.L

FLXD.L Risk / Return Rank: 80
FLXD.L Sharpe Ratio Rank: 75
FLXD.L Sortino Ratio Rank: 79
FLXD.L Omega Ratio Rank: 74
FLXD.L Calmar Ratio Rank: 91
FLXD.L Martin Ratio Rank: 81

FRUE.L

FRUE.L Risk / Return Rank: 75
FRUE.L Sharpe Ratio Rank: 73
FRUE.L Sortino Ratio Rank: 79
FRUE.L Omega Ratio Rank: 73
FRUE.L Calmar Ratio Rank: 71
FRUE.L Martin Ratio Rank: 81

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.

FLXD.L vs. FRUE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin European Quality Dividend UCITS ETF (FLXD.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FRUE.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.

	FLXD.L	FRUE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.41	-0.01
Sortino ratio: Return per unit of downside risk	3.51	3.31	+0.19
Omega ratio: Gain probability vs. loss probability	1.43	1.45	-0.01
Calmar ratio: Return relative to maximum drawdown	5.64	5.16	+0.48
Martin ratio: Return relative to average drawdown	15.75	17.84	-2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLXD.L vs. FRUE.L - Sharpe Ratio Comparison

The current FLXD.L Sharpe Ratio is 2.40, which is comparable to the FRUE.L Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of FLXD.L and FRUE.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.

Sharpe Ratios by Period

	FLXD.L	FRUE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.41	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	0.94	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.85	-0.21

Drawdowns

FLXD.L vs. FRUE.L - Drawdown Comparison

The maximum FLXD.L drawdown since its inception was -29.71%, which is greater than FRUE.L's maximum drawdown of -25.31%. Use the drawdown chart below to compare losses from any high point for FLXD.L and FRUE.L.

Drawdown Indicators

	FLXD.L	FRUE.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.71%	-25.31%	-4.40%
Max Drawdown (1Y) Largest decline over 1 year	-3.62%	-5.91%	+2.29%
Max Drawdown (3Y) Largest decline over 3 years	-7.78%	-20.18%	+12.40%
Max Drawdown (5Y) Largest decline over 5 years	-11.76%	-20.18%	+8.42%
Current Drawdown Current decline from peak	-2.77%	-0.02%	-2.75%
Average Drawdown Average peak-to-trough decline	-4.13%	-3.07%	-1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	1.71%	-0.41%

Volatility

FLXD.L vs. FRUE.L - Volatility Comparison

The current volatility for Franklin European Quality Dividend UCITS ETF (FLXD.L) is 2.67%, while Franklin LibertyQ U.S. Equity UCITS ETF (FRUE.L) has a volatility of 4.07%. This indicates that FLXD.L experiences smaller price fluctuations and is considered to be less risky than FRUE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXD.L	FRUE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	4.07%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	9.52%	-2.57%
Volatility (1Y) Calculated over the trailing 1-year period	8.52%	12.65%	-4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	14.23%	-3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.91%	15.74%	-2.83%

FLXD.L vs. FRUE.L - Expense Ratio Comparison

Both FLXD.L and FRUE.L 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

FLXD.L vs. FRUE.L - Dividend Comparison

FLXD.L's dividend yield for the trailing twelve months is around 4.37%, while FRUE.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLXD.L Franklin European Quality Dividend UCITS ETF	4.37%	4.90%	5.18%	5.75%	5.87%	5.51%	3.90%	1.53%	1.09%
FRUE.L Franklin LibertyQ U.S. Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLXD.L and FRUE.L in my portfolio?

FLXD.L and FRUE.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXD.L or FRUE.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXD.L or FRUE.L?

FLXD.L and FRUE.L have the same expense ratio: 0.25% per year.

What is the main difference between FLXD.L and FRUE.L?

FLXD.L is categorized as Europe Equities, while FRUE.L is Large Cap Blend Equities. FLXD.L tracks MSCI Europe High Div Yld NR EUR, while FRUE.L tracks Russell 1000 TR USD.