FLXX.L vs. IWVU.L
FLXX.L (Franklin Global Quality Dividend UCITS ETF USD (Dist)) and IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both exchange-traded funds - FLXX.L is a Dividend fund tracking the LibertyQ Global Dividend Index - Net Return, while IWVU.L is a Large Cap Value Equities fund tracking the MSCI World Enhanced Value Index (Net). Both are passively managed. Over the past 5 years, FLXX.L returned 10.14%/yr vs 16.74%/yr for IWVU.L. A 0.72 correlation means they provide meaningful diversification when combined. FLXX.L charges 0.30%/yr vs 0.25%/yr for IWVU.L.
Performance
FLXX.L vs. IWVU.L - Performance Comparison
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Different Trading Currencies
FLXX.L is traded in GBP, while IWVU.L is traded in USD. To make them comparable, the IWVU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLXX.L achieves a 12.48% return, which is significantly lower than IWVU.L's 27.72% return.
FLXX.L
- 1D
- 0.68%
- 1M
- -0.18%
- 6M
- 8.58%
- YTD
- 12.48%
- 1Y
- 18.80%
- 3Y*
- 14.72%
- 5Y*
- 10.14%
- 10Y*
- —
IWVU.L
- 1D
- -0.15%
- 1M
- -5.96%
- 6M
- 22.69%
- YTD
- 27.72%
- 1Y
- 53.89%
- 3Y*
- 24.31%
- 5Y*
- 16.74%
- 10Y*
- —
FLXX.L vs. IWVU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLXX.L Franklin Global Quality Dividend UCITS ETF USD (Dist) | 12.48% | 6.53% | 17.14% | 4.43% | 1.45% | 20.91% | 1.97% | 19.18% | -0.11% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 27.72% | 30.57% | 6.68% | 13.75% | 0.84% | 21.27% | -6.42% | 13.52% | -8.16% |
Correlation
The correlation between FLXX.L and IWVU.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.72 |
The correlation between FLXX.L and IWVU.L shifts across timeframes, from 0.57 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLXX.L vs. IWVU.L — Risk / Return Rank
FLXX.L
IWVU.L
FLXX.L vs. IWVU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Global Quality Dividend UCITS ETF USD (Dist) (FLXX.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.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.L | IWVU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.60 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 7.26 | -4.00 |
| Martin ratioReturn relative to average drawdown | 12.21 | 23.80 | -11.59 |
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Drawdowns
FLXX.L vs. IWVU.L - Drawdown Comparison
The maximum FLXX.L drawdown since its inception was -26.51%, smaller than the maximum IWVU.L drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for FLXX.L and IWVU.L.
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Drawdown Indicators
| FLXX.L | IWVU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.51% | -28.27% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -7.38% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -13.99% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -14.05% | -13.99% | -0.06% |
Current DrawdownCurrent decline from peak | -2.11% | -6.92% | +4.81% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -4.35% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.26% | -0.72% |
Volatility
FLXX.L vs. IWVU.L - Volatility Comparison
The current volatility for Franklin Global Quality Dividend UCITS ETF USD (Dist) (FLXX.L) is 4.04%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) has a volatility of 6.41%. This indicates that FLXX.L experiences smaller price fluctuations and is considered to be less risky than IWVU.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.L | IWVU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 6.41% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 14.65% | -7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.07% | 16.46% | -7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 14.71% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.05% | 16.69% | -3.64% |
FLXX.L vs. IWVU.L - Expense Ratio Comparison
FLXX.L has a 0.30% expense ratio, which is higher than IWVU.L's 0.25% expense ratio.
Dividends
FLXX.L vs. IWVU.L - Dividend Comparison
FLXX.L's dividend yield for the trailing twelve months is around 2.50%, more than IWVU.L's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLXX.L Franklin Global Quality Dividend UCITS ETF USD (Dist) | 2.50% | 2.70% | 2.40% | 2.79% | 2.97% | 2.30% | 2.58% | 3.30% | 3.23% | 0.45% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.50% | 3.17% | 3.23% | 3.17% | 2.63% | 2.25% | 2.83% | 2.51% | 0.00% |
Frequently Asked Questions
FLXX.L and IWVU.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVU.L is cheaper with a 0.25% expense ratio, compared with 0.30% for FLXX.L.
FLXX.L is categorized as Dividend, while IWVU.L is Large Cap Value Equities. FLXX.L tracks LibertyQ Global Dividend Index - Net Return, while IWVU.L tracks MSCI World Enhanced Value Index (Net). They also come from different issuers: Franklin and iShares. Their fees differ too: 0.30% for FLXX.L and 0.25% for IWVU.L.
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