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

FRGD.L vs. FLXB.L

Last updated Jul 16, 2026
Documentation

FRGD.L (Franklin Global Quality Dividend UCITS ETF) and FLXB.L (Franklin FTSE Brazil UCITS ETF) are both exchange-traded funds - FRGD.L is a Dividend fund tracking the Franklin Global Quality Dividend UCITS ETF, while FLXB.L is a Global Equities fund tracking the Franklin FTSE Brazil UCITS ETF. Both are passively managed. Over the past 5 years, FRGD.L returned 9.46%/yr vs 6.80%/yr for FLXB.L. At a 0.48 correlation, their price movements are largely independent. FRGD.L charges 0.30%/yr vs 0.19%/yr for FLXB.L.

Performance

FRGD.L vs. FLXB.L - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, FRGD.L achieves a 11.68% return, which is significantly lower than FLXB.L's 17.17% return.

FRGD.L

1D
-0.57%
1M
0.07%
6M
8.73%
YTD
11.68%
1Y
19.15%
3Y*
15.81%
5Y*
9.46%
10Y*
—

FLXB.L

1D
0.13%
1M
1.17%
6M
13.24%
YTD
17.17%
1Y
39.35%
3Y*
12.11%
5Y*
6.80%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
FRGD.L
Franklin Global Quality Dividend UCITS ETF		11.68%14.23%15.42%10.52%-9.39%19.24%5.56%12.91%
FLXB.L
Franklin FTSE Brazil UCITS ETF		17.17%45.49%-27.92%33.43%10.93%-16.59%-19.42%12.18%

Correlation

The correlation between FRGD.L and FLXB.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.49

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

0.43

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

0.44

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2019

0.48

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Franklin Global Quality Dividend UCITS ETF

Franklin FTSE Brazil UCITS ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
FLXB.L
FLXB.L Risk / Return Rank: 5555
Overall Rank
FLXB.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
FLXB.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
FLXB.L Omega Ratio Rank: 5454
Omega Ratio Rank
FLXB.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
FLXB.L Martin Ratio Rank: 4444
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.

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

This table presents a comparison of risk-adjusted performance metrics for Franklin Global Quality Dividend UCITS ETF (FRGD.L) and Franklin FTSE Brazil UCITS ETF (FLXB.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.

FRGD.LFLXB.LDifference
Sharpe ratioReturn per unit of total volatility
1.89
1.65

+0.24

Sortino ratioReturn per unit of downside risk
2.75
2.29

+0.46

Omega ratioGain probability vs. loss probability

1.33

1.28

+0.05

Calmar ratioReturn relative to maximum drawdown

2.74

2.21

+0.53

Martin ratioReturn relative to average drawdown

9.61

5.73

+3.89

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

The current FRGD.L Sharpe Ratio is 1.89, which is comparable to the FLXB.L Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FRGD.L and FLXB.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

FRGD.L vs. FLXB.L - Drawdown Comparison

The maximum FRGD.L drawdown since its inception was -35.03%, smaller than the maximum FLXB.L drawdown of -56.54%. Use the drawdown chart below to compare losses from any high point for FRGD.L and FLXB.L.

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Drawdown Indicators

FRGD.LFLXB.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.03%

-56.54%

+21.51%

Max Drawdown (1Y)

Largest decline over 1 year

-6.95%

-17.78%

+10.83%

Max Drawdown (3Y)

Largest decline over 3 years

-12.61%

-28.79%

+16.18%

Max Drawdown (5Y)

Largest decline over 5 years

-22.51%

-32.17%

+9.66%

Current Drawdown

Current decline from peak

-0.80%

-12.54%

+11.74%

Average Drawdown

Average peak-to-trough decline

-5.16%

-18.96%

+13.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

6.89%

-4.90%

Volatility

FRGD.L vs. FLXB.L - Volatility Comparison

The current volatility for Franklin Global Quality Dividend UCITS ETF (FRGD.L) is 2.84%, while Franklin FTSE Brazil UCITS ETF (FLXB.L) has a volatility of 6.41%. This indicates that FRGD.L experiences smaller price fluctuations and is considered to be less risky than FLXB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FRGD.LFLXB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

6.41%

-3.57%

Volatility (6M)

Calculated over the trailing 6-month period

7.99%

18.27%

-10.28%

Volatility (1Y)

Calculated over the trailing 1-year period

10.11%

23.82%

-13.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.02%

27.18%

-14.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.58%

32.03%

-17.45%

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

FRGD.L has a 0.30% expense ratio, which is higher than FLXB.L's 0.19% expense ratio.

Dividends

FRGD.L vs. FLXB.L - Dividend Comparison

FRGD.L's dividend yield for the trailing twelve months is around 2.50%, while FLXB.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
FLXB.L
Franklin FTSE Brazil UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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

FRGD.L and FLXB.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FLXB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FLXB.L is cheaper with a 0.19% expense ratio, compared with 0.30% for FRGD.L.

FRGD.L is categorized as Dividend, while FLXB.L is Global Equities. FRGD.L tracks Franklin Global Quality Dividend UCITS ETF, while FLXB.L tracks Franklin FTSE Brazil UCITS ETF. Their fees differ too: 0.30% for FRGD.L and 0.19% for FLXB.L.

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