FLXX.L vs. TDIV.L
FLXX.L (Franklin Global Quality Dividend UCITS ETF USD (Dist)) and TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) are both exchange-traded funds - FLXX.L is a Dividend fund tracking the LibertyQ Global Dividend Index - Net Return, while TDIV.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, FLXX.L returned 10.14%/yr vs 18.35%/yr for TDIV.L. A 0.69 correlation means they provide meaningful diversification when combined. FLXX.L charges 0.30%/yr vs 0.38%/yr for TDIV.L.
Performance
FLXX.L vs. TDIV.L - Performance Comparison
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Different Trading Currencies
FLXX.L is traded in GBP, while TDIV.L is traded in USD. To make them comparable, the TDIV.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with FLXX.L having a 12.48% return and TDIV.L slightly lower at 12.00%.
FLXX.L
- 1D
- 0.68%
- 1M
- -0.18%
- 6M
- 8.58%
- YTD
- 12.48%
- 1Y
- 18.80%
- 3Y*
- 14.72%
- 5Y*
- 10.14%
- 10Y*
- —
TDIV.L
- 1D
- 0.49%
- 1M
- 0.89%
- 6M
- 9.89%
- YTD
- 12.00%
- 1Y
- 29.46%
- 3Y*
- 21.07%
- 5Y*
- 18.35%
- 10Y*
- 13.52%
FLXX.L vs. TDIV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -3.07% | 2.23% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 12.00% | 30.40% | 10.83% | 9.67% | 22.28% | 19.26% | -5.17% | 31.81% | -1.23% | 3.46% |
Correlation
The correlation between FLXX.L and TDIV.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 | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.69 |
The correlation between FLXX.L and TDIV.L shifts across timeframes, from 0.52 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLXX.L vs. TDIV.L — Risk / Return Rank
FLXX.L
TDIV.L
FLXX.L vs. TDIV.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.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 | TDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.52 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 5.97 | -2.71 |
| Martin ratioReturn relative to average drawdown | 12.21 | 20.13 | -7.92 |
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Drawdowns
FLXX.L vs. TDIV.L - Drawdown Comparison
The maximum FLXX.L drawdown since its inception was -26.51%, smaller than the maximum TDIV.L drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for FLXX.L and TDIV.L.
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Drawdown Indicators
| FLXX.L | TDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.51% | -29.96% | +3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -4.91% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -12.69% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.05% | -12.69% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.96% | — |
Current DrawdownCurrent decline from peak | -2.11% | 0.00% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -4.47% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.46% | +0.08% |
Volatility
FLXX.L vs. TDIV.L - Volatility Comparison
Franklin Global Quality Dividend UCITS ETF USD (Dist) (FLXX.L) has a higher volatility of 4.04% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) at 3.08%. This indicates that FLXX.L's price experiences larger fluctuations and is considered to be riskier than TDIV.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 | TDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.08% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 8.41% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.07% | 10.55% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 12.91% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.05% | 15.94% | -2.89% |
FLXX.L vs. TDIV.L - Expense Ratio Comparison
FLXX.L has a 0.30% expense ratio, which is lower than TDIV.L's 0.38% expense ratio.
Dividends
FLXX.L vs. TDIV.L - Dividend Comparison
FLXX.L's dividend yield for the trailing twelve months is around 2.50%, less than TDIV.L's 3.10% 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% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 3.10% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% |
Frequently Asked Questions
FLXX.L and TDIV.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, FLXX.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXX.L is cheaper with a 0.30% expense ratio, compared with 0.38% for TDIV.L.
FLXX.L is categorized as Dividend, while TDIV.L is Global Equities. FLXX.L tracks LibertyQ Global Dividend Index - Net Return, while TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Franklin and VanEck. Their fees differ too: 0.30% for FLXX.L and 0.38% for TDIV.L.
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