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FLXD.L vs. IEVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLXD.L vs. IEVL.L

Last updated Jun 5, 2026

FLXD.L (Franklin European Quality Dividend UCITS ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - FLXD.L tracks the MSCI Europe High Div Yld NR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 5 years, FLXD.L returned 13.18%/yr vs 14.64%/yr for IEVL.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

FLXD.L vs. IEVL.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 iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FLXD.L is traded in GBP, while IEVL.L is traded in EUR. To make them comparable, the IEVL.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 IEVL.L's 13.11% 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*
—

IEVL.L

1D
0.17%
1M
4.83%
YTD
13.11%
6M
15.93%
1Y
36.39%
3Y*
21.80%
5Y*
14.64%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.11%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%3.07%

Correlation

The correlation between FLXD.L and IEVL.L is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.54

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

0.61

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

0.69

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2017

0.73

The correlation between FLXD.L and IEVL.L shifts across timeframes, from 0.54 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

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

Sectors
FLXD.L
IEVL.L

Financial Services

35.8%
22.6%

Communication Services

16.3%
3.7%

Energy

11.6%
5.1%

Healthcare

10.3%
12.3%

Industrials

7.9%
17.0%

Basic Materials

5.2%
6.2%

Consumer Defensive

4.6%
8.6%

Real Estate

3.5%
0.6%

Utilities

3.1%
4.5%

Consumer Cyclical

1.0%
6.2%

Technology

0.7%
12.2%

Financial Services

FLXD.L
35.8%
IEVL.L
22.6%

Communication Services

FLXD.L
16.3%
IEVL.L
3.7%

Energy

FLXD.L
11.6%
IEVL.L
5.1%

Healthcare

FLXD.L
10.3%
IEVL.L
12.3%

Industrials

FLXD.L
7.9%
IEVL.L
17.0%

Basic Materials

FLXD.L
5.2%
IEVL.L
6.2%

Consumer Defensive

FLXD.L
4.6%
IEVL.L
8.6%

Real Estate

FLXD.L
3.5%
IEVL.L
0.6%

Utilities

FLXD.L
3.1%
IEVL.L
4.5%

Consumer Cyclical

FLXD.L
1.0%
IEVL.L
6.2%

Technology

FLXD.L
0.7%
IEVL.L
12.2%

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Franklin European Quality Dividend UCITS ETF

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

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Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

FLXD.L vs. IEVL.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: 8080
Overall Rank
FLXD.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FLXD.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
FLXD.L Omega Ratio Rank: 7474
Omega Ratio Rank
FLXD.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
FLXD.L Martin Ratio Rank: 8181
Martin Ratio Rank
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6868
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.

FLXD.L vs. IEVL.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 iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.40
2.68

-0.28

Sortino ratioReturn per unit of downside risk
3.51
3.61

-0.10

Omega ratioGain probability vs. loss probability

1.43

1.48

-0.05

Calmar ratioReturn relative to maximum drawdown

5.64

3.42

+2.22

Martin ratioReturn relative to average drawdown

15.75

12.70

+3.04

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. IEVL.L - Sharpe Ratio Comparison

The current FLXD.L Sharpe Ratio is 2.40, which is comparable to the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FLXD.L and IEVL.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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Sharpe Ratios by Period

FLXD.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.40

2.68

-0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.21

0.96

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.69

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.58

+0.06

Drawdowns

FLXD.L vs. IEVL.L - Drawdown Comparison

The maximum FLXD.L drawdown since its inception was -29.71%, smaller than the maximum IEVL.L drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for FLXD.L and IEVL.L.

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Drawdown Indicators

FLXD.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.71%

-34.82%

+5.11%

Max Drawdown (1Y)

Largest decline over 1 year

-3.62%

-10.59%

+6.97%

Max Drawdown (3Y)

Largest decline over 3 years

-7.78%

-16.33%

+8.55%

Max Drawdown (5Y)

Largest decline over 5 years

-11.76%

-16.48%

+4.72%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.82%

—

Current Drawdown

Current decline from peak

-2.77%

-0.82%

-1.95%

Average Drawdown

Average peak-to-trough decline

-4.13%

-6.05%

+1.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.30%

2.86%

-1.56%

Volatility

FLXD.L vs. IEVL.L - Volatility Comparison

The current volatility for Franklin European Quality Dividend UCITS ETF (FLXD.L) is 2.67%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that FLXD.L experiences smaller price fluctuations and is considered to be less risky than IEVL.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.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.67%

4.85%

-2.18%

Volatility (6M)

Calculated over the trailing 6-month period

6.95%

11.06%

-4.11%

Volatility (1Y)

Calculated over the trailing 1-year period

8.52%

13.52%

-5.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.85%

15.24%

-4.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.91%

17.13%

-4.22%

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

Both FLXD.L and IEVL.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. IEVL.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018
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%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FLXD.L and IEVL.L have a correlation of 0.54, 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 IEVL.L have the same expense ratio: 0.25% per year.

FLXD.L tracks MSCI Europe High Div Yld NR EUR, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: Franklin Templeton and iShares.

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