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

FLXX.L vs. FRGD.L

Last updated Jul 16, 2026
Documentation

FLXX.L (Franklin Global Quality Dividend UCITS ETF) and FRGD.L (Franklin Global Quality Dividend UCITS ETF) are both Dividend funds from Franklin tracking the Franklin Global Quality Dividend UCITS ETF. Both are passively managed. Over the past 5 years, FLXX.L returned 9.89%/yr vs 9.84%/yr for FRGD.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.

Performance

FLXX.L vs. FRGD.L - Performance Comparison

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

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Different Trading Currencies

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

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with FLXX.L at 11.23% and FRGD.L at 11.23%.

FLXX.L

1D
-3.20%
1M
-0.56%
6M
8.23%
YTD
11.23%
1Y
18.11%
3Y*
14.61%
5Y*
9.89%
10Y*
—

FRGD.L

1D
-1.60%
1M
-0.81%
6M
8.07%
YTD
11.23%
1Y
17.89%
3Y*
14.55%
5Y*
9.84%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
FLXX.L
Franklin Global Quality Dividend UCITS ETF		11.23%6.53%17.14%4.43%1.45%20.91%1.97%19.18%-3.07%2.23%
FRGD.L
Franklin Global Quality Dividend UCITS ETF		11.23%6.09%17.44%5.00%1.39%20.36%2.46%19.17%-3.59%1.59%

Correlation

The correlation between FLXX.L and FRGD.L is 0.86, 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

0.86

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

0.79

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

0.82

Correlation (All Time)
Calculated using the full available price history since Sep 8, 2017

0.86

The correlation between FLXX.L and FRGD.L has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

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Franklin Global Quality Dividend UCITS ETF

Franklin Global Quality Dividend UCITS ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLXX.L
FLXX.L Risk / Return Rank: 7979
Overall Rank
FLXX.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
FLXX.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
FLXX.L Omega Ratio Rank: 8282
Omega Ratio Rank
FLXX.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
FLXX.L Martin Ratio Rank: 8181
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.

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

This table presents a comparison of risk-adjusted performance metrics for Franklin Global Quality Dividend UCITS ETF (FLXX.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.

FLXX.LFRGD.LDifference
Sharpe ratioReturn per unit of total volatility
2.04
1.78

+0.26

Sortino ratioReturn per unit of downside risk
2.69
2.48

+0.21

Omega ratioGain probability vs. loss probability

1.38

1.32

+0.06

Calmar ratioReturn relative to maximum drawdown

3.27

2.88

+0.39

Martin ratioReturn relative to average drawdown

12.26

11.04

+1.22

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

The current FLXX.L Sharpe Ratio is 2.04, which is comparable to the FRGD.L Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of FLXX.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

FLXX.L vs. FRGD.L - Drawdown Comparison

The maximum FLXX.L drawdown since its inception was -26.51%, roughly equal to the maximum FRGD.L drawdown of -27.03%. Use the drawdown chart below to compare losses from any high point for FLXX.L and FRGD.L.

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Drawdown Indicators

FLXX.LFRGD.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.51%

-27.03%

+0.52%

Max Drawdown (1Y)

Largest decline over 1 year

-5.74%

-6.18%

+0.44%

Max Drawdown (3Y)

Largest decline over 3 years

-14.05%

-14.47%

+0.42%

Max Drawdown (5Y)

Largest decline over 5 years

-14.05%

-14.47%

+0.42%

Current Drawdown

Current decline from peak

-3.20%

-2.20%

-1.00%

Average Drawdown

Average peak-to-trough decline

-3.39%

-3.45%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.53%

1.62%

-0.09%

Volatility

FLXX.L vs. FRGD.L - Volatility Comparison

Franklin Global Quality Dividend UCITS ETF (FLXX.L) has a higher volatility of 4.30% compared to Franklin Global Quality Dividend UCITS ETF (FRGD.L) at 3.39%. This indicates that FLXX.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

FLXX.LFRGD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

3.39%

+0.91%

Volatility (6M)

Calculated over the trailing 6-month period

7.57%

8.25%

-0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

9.21%

10.03%

-0.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.07%

12.17%

-1.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.06%

14.07%

-1.01%

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

Both FLXX.L and FRGD.L have an expense ratio of 0.30%.

Dividends

FLXX.L vs. FRGD.L - Dividend Comparison

FLXX.L's dividend yield for the trailing twelve months is around 2.52%, which matches FRGD.L's 2.50% yield.

PositionTTM202520242023202220212020201920182017
FLXX.L
Franklin Global Quality Dividend UCITS ETF		2.52%2.70%2.40%2.79%2.97%2.30%2.58%3.30%3.23%0.45%
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

FLXX.L and FRGD.L have a correlation of 0.86, 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 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

FLXX.L and FRGD.L have the same expense ratio: 0.30% per year.

Both ETFs track Franklin Global Quality Dividend UCITS ETF.

Portfolio Optimizer

Find the right allocation for FLXX.L and FRGD.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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