FRGD.L vs. FLXI.L

Last updated Jul 18, 2026

FRGD.L (Franklin Global Quality Dividend UCITS ETF USD (Dist)) and FLXI.L (Franklin FTSE India UCITS ETF USD (Acc)) are both exchange-traded funds - FRGD.L is a Dividend fund tracking the LibertyQ Global Dividend Index-NR, while FLXI.L is a India Equities fund tracking the FTSE India 30/18 Capped Index - Net Return. Both are passively managed. Over the past 5 years, FRGD.L returned 9.62%/yr vs 5.07%/yr for FLXI.L. A 0.50 correlation means they provide meaningful diversification when combined. FRGD.L charges 0.30%/yr vs 0.19%/yr for FLXI.L.

Performance

FRGD.L vs. FLXI.L - Performance Comparison

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

Returns By Period

In the year-to-date period, FRGD.L achieves a 12.51% return, which is significantly higher than FLXI.L's -8.59% return.

FRGD.L

• 1D: 0.48%
• 1M: 0.30%
• 6M: 9.18%
• YTD: 12.51%
• 1Y: 19.27%
• 3Y*: 15.84%
• 5Y*: 9.62%
• 10Y*: —

FLXI.L

• 1D: 0.24%
• 1M: -0.91%
• 6M: -6.45%
• YTD: -8.59%
• 1Y: -9.65%
• 3Y*: 5.34%
• 5Y*: 5.07%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRGD.L Franklin Global Quality Dividend UCITS ETF USD (Dist)	12.51%	14.23%	15.42%	10.52%	-9.39%	19.24%	5.56%	7.02%
FLXI.L Franklin FTSE India UCITS ETF USD (Acc)	-8.59%	2.92%	10.75%	22.03%	-8.29%	24.89%	13.06%	-0.07%

Correlation

The correlation between FRGD.L and FLXI.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019	0.50

The correlation between FRGD.L and FLXI.L has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.

Return for Risk

FRGD.L vs. FLXI.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: 76
FRGD.L Sharpe Ratio Rank: 79
FRGD.L Sortino Ratio Rank: 81
FRGD.L Omega Ratio Rank: 75
FRGD.L Calmar Ratio Rank: 74
FRGD.L Martin Ratio Rank: 73

FLXI.L

FLXI.L Risk / Return Rank: 4
FLXI.L Sharpe Ratio Rank: 5
FLXI.L Sortino Ratio Rank: 4
FLXI.L Omega Ratio Rank: 5
FLXI.L Calmar Ratio Rank: 5
FLXI.L Martin Ratio Rank: 3

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. FLXI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Global Quality Dividend UCITS ETF USD (Dist) (FRGD.L) and Franklin FTSE India UCITS ETF USD (Acc) (FLXI.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.L	FLXI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.90	-0.60	+2.50
Sortino ratio: Return per unit of downside risk	2.76	-0.80	+3.57
Omega ratio: Gain probability vs. loss probability	1.33	0.91	+0.42
Calmar ratio: Return relative to maximum drawdown	2.76	-0.53	+3.29
Martin ratio: Return relative to average drawdown	9.67	-1.23	+10.90

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

The current FRGD.L Sharpe Ratio is 1.90, which is higher than the FLXI.L Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of FRGD.L and FLXI.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.

Drawdowns

FRGD.L vs. FLXI.L - Drawdown Comparison

The maximum FRGD.L drawdown since its inception was -35.03%, smaller than the maximum FLXI.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for FRGD.L and FLXI.L.

Drawdown Indicators

	FRGD.L	FLXI.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.03%	-41.86%	+6.83%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-18.12%	+11.17%
Max Drawdown (3Y) Largest decline over 3 years	-12.61%	-22.99%	+10.38%
Max Drawdown (5Y) Largest decline over 5 years	-22.51%	-22.99%	+0.48%
Current Drawdown Current decline from peak	-0.07%	-16.04%	+15.97%
Average Drawdown Average peak-to-trough decline	-5.16%	-8.27%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	7.85%	-5.86%

Volatility

FRGD.L vs. FLXI.L - Volatility Comparison

The current volatility for Franklin Global Quality Dividend UCITS ETF USD (Dist) (FRGD.L) is 2.49%, while Franklin FTSE India UCITS ETF USD (Acc) (FLXI.L) has a volatility of 4.00%. This indicates that FRGD.L experiences smaller price fluctuations and is considered to be less risky than FLXI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRGD.L	FLXI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.49%	4.00%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	7.98%	13.99%	-6.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.11%	16.04%	-5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.01%	16.71%	-3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	21.37%	-6.80%

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

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

Dividends

FRGD.L vs. FLXI.L - Dividend Comparison

FRGD.L's dividend yield for the trailing twelve months is around 2.48%, while FLXI.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLXI.L Franklin FTSE India UCITS ETF USD (Acc)	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 USD (Dist)	2.48%	2.69%	2.46%	2.73%	3.03%	2.36%	2.41%	3.21%	3.38%	0.44%

Frequently Asked Questions

Can I hold both FRGD.L and FLXI.L in my portfolio?

FRGD.L and FLXI.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FRGD.L or FLXI.L?

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

Which ETF is cheaper, FRGD.L or FLXI.L?

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

What is the main difference between FRGD.L and FLXI.L?

FRGD.L is categorized as Dividend, while FLXI.L is India Equities. FRGD.L tracks LibertyQ Global Dividend Index-NR, while FLXI.L tracks FTSE India 30/18 Capped Index - Net Return. Their fees differ too: 0.30% for FRGD.L and 0.19% for FLXI.L.