FLXD.L vs. FRXD.L
FLXD.L (Franklin European Quality Dividend UCITS ETF) and FRXD.L (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - FLXD.L tracks the MSCI Europe High Div Yld NR EUR while FRXD.L tracks the Franklin European Quality Dividend UCITS ETF. Both are passively managed. Over the past 5 years, FLXD.L returned 12.17%/yr vs 12.15%/yr for FRXD.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
FLXD.L vs. FRXD.L - Performance Comparison
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Different Trading Currencies
FLXD.L is traded in GBP, while FRXD.L is traded in EUR. To make them comparable, the FRXD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with FLXD.L having a 8.79% return and FRXD.L slightly higher at 8.97%.
FLXD.L
- 1D
- -1.27%
- 1M
- -2.42%
- 6M
- 8.83%
- YTD
- 8.79%
- 1Y
- 17.40%
- 3Y*
- 18.70%
- 5Y*
- 12.17%
- 10Y*
- —
FRXD.L
- 1D
- 0.00%
- 1M
- -2.54%
- 6M
- 8.87%
- YTD
- 8.97%
- 1Y
- 17.48%
- 3Y*
- 19.46%
- 5Y*
- 12.15%
- 10Y*
- —
FLXD.L vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLXD.L Franklin European Quality Dividend UCITS ETF | 8.79% | 30.47% | 7.67% | 8.27% | 5.37% | 9.65% | 1.13% | 17.43% | -7.79% | -11.48% |
FRXD.L Franklin European Quality Dividend UCITS ETF | 8.97% | 30.65% | 7.63% | 8.12% | 5.16% | 10.32% | 1.12% | 17.41% | -8.42% | -3.16% |
Correlation
The correlation between FLXD.L and FRXD.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.89 |
The correlation between FLXD.L and FRXD.L has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
FLXD.L vs. FRXD.L — Risk / Return Rank
FLXD.L
FRXD.L
FLXD.L vs. FRXD.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 European Quality Dividend UCITS ETF (FRXD.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.
| FLXD.L | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 4.77 | -0.07 |
| Martin ratioReturn relative to average drawdown | 11.55 | 10.85 | +0.69 |
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Drawdowns
FLXD.L vs. FRXD.L - Drawdown Comparison
The maximum FLXD.L drawdown since its inception was -30.29%, roughly equal to the maximum FRXD.L drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for FLXD.L and FRXD.L.
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Drawdown Indicators
| FLXD.L | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.29% | -29.39% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -3.59% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.80% | -8.29% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -12.31% | -12.18% | -0.13% |
Current DrawdownCurrent decline from peak | -3.19% | -3.41% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -3.52% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.58% | -0.08% |
Volatility
FLXD.L vs. FRXD.L - Volatility Comparison
Franklin European Quality Dividend UCITS ETF (FLXD.L) has a higher volatility of 2.78% compared to Franklin European Quality Dividend UCITS ETF (FRXD.L) at 2.63%. This indicates that FLXD.L's price experiences larger fluctuations and is considered to be riskier than FRXD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXD.L | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.63% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 7.06% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 8.90% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 11.33% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.13% | 13.38% | -0.25% |
FLXD.L vs. FRXD.L - Expense Ratio Comparison
Both FLXD.L and FRXD.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. FRXD.L - Dividend Comparison
FLXD.L's dividend yield for the trailing twelve months is around 4.03%, more than FRXD.L's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLXD.L Franklin European Quality Dividend UCITS ETF | 4.03% | 4.20% | 4.36% | 4.96% | 5.02% | 4.72% | 3.57% | 4.56% | 5.43% |
FRXD.L Franklin European Quality Dividend UCITS ETF | 3.98% | 4.28% | 4.30% | 5.00% | 5.20% | 4.63% | 3.53% | 4.42% | 5.53% |
Frequently Asked Questions
FLXD.L and FRXD.L have a correlation of 0.89, 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.
FLXD.L and FRXD.L have the same expense ratio: 0.25% per year.
FLXD.L tracks MSCI Europe High Div Yld NR EUR, while FRXD.L tracks Franklin European Quality Dividend UCITS ETF. They also come from different issuers: Franklin Templeton and Franklin.
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