FRGD.L vs. FLXX.L
FRGD.L (Franklin Global Quality Dividend UCITS ETF USD (Dist)) and FLXX.L (Franklin Global Quality Dividend UCITS ETF USD (Dist)) are both Dividend funds from Franklin - FRGD.L tracks the LibertyQ Global Dividend Index-NR while FLXX.L tracks the LibertyQ Global Dividend Index - Net Return. Both are passively managed. Over the past 5 years, FRGD.L returned 9.62%/yr vs 9.64%/yr for FLXX.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
FRGD.L vs. FLXX.L - Performance Comparison
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Different Trading Currencies
FRGD.L is traded in USD, while FLXX.L is traded in GBP. To make them comparable, the FLXX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with FRGD.L having a 12.51% return and FLXX.L slightly lower at 12.41%.
FRGD.L
- 1D
- 0.48%
- 1M
- 0.30%
- 6M
- 9.18%
- YTD
- 12.51%
- 1Y
- 19.27%
- 3Y*
- 15.84%
- 5Y*
- 9.62%
- 10Y*
- —
FLXX.L
- 1D
- 0.47%
- 1M
- 1.01%
- 6M
- 9.16%
- YTD
- 12.41%
- 1Y
- 19.10%
- 3Y*
- 15.92%
- 5Y*
- 9.64%
- 10Y*
- —
FRGD.L vs. FLXX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRGD.L Franklin Global Quality Dividend UCITS ETF USD (Dist) | 12.51% | 14.23% | 15.42% | 10.52% | -9.39% | 19.24% | 5.56% | 23.88% | -8.99% | 4.82% |
FLXX.L Franklin Global Quality Dividend UCITS ETF USD (Dist) | 12.41% | 14.57% | 15.19% | 9.94% | -9.40% | 19.82% | 5.10% | 23.96% | -8.56% | 4.67% |
Correlation
The correlation between FRGD.L and FLXX.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.86 |
The correlation between FRGD.L and FLXX.L has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
FRGD.L vs. FLXX.L — Risk / Return Rank
FRGD.L
FLXX.L
FRGD.L vs. FLXX.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 Global Quality Dividend UCITS ETF USD (Dist) (FLXX.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 | FLXX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.84 | -0.08 |
| Martin ratioReturn relative to average drawdown | 9.67 | 9.93 | -0.26 |
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Drawdowns
FRGD.L vs. FLXX.L - Drawdown Comparison
The maximum FRGD.L drawdown since its inception was -35.03%, roughly equal to the maximum FLXX.L drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for FRGD.L and FLXX.L.
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Drawdown Indicators
| FRGD.L | FLXX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.03% | -34.61% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -6.69% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -12.36% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.51% | -23.01% | +0.50% |
Current DrawdownCurrent decline from peak | -0.07% | -2.77% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -5.21% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.92% | +0.07% |
Volatility
FRGD.L vs. FLXX.L - Volatility Comparison
The current volatility for Franklin Global Quality Dividend UCITS ETF USD (Dist) (FRGD.L) is 2.49%, while Franklin Global Quality Dividend UCITS ETF USD (Dist) (FLXX.L) has a volatility of 4.98%. This indicates that FRGD.L experiences smaller price fluctuations and is considered to be less risky than FLXX.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.L | FLXX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 4.98% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 8.73% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 10.59% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.01% | 13.16% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 14.65% | -0.08% |
FRGD.L vs. FLXX.L - Expense Ratio Comparison
Both FRGD.L and FLXX.L have an expense ratio of 0.30%.
Dividends
FRGD.L vs. FLXX.L - Dividend Comparison
FRGD.L's dividend yield for the trailing twelve months is around 2.48%, which matches FLXX.L's 2.50% 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% |
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
FRGD.L and FLXX.L have a correlation of 0.87, 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.
FRGD.L and FLXX.L have the same expense ratio: 0.30% per year.
FRGD.L tracks LibertyQ Global Dividend Index-NR, while FLXX.L tracks LibertyQ Global Dividend Index - Net Return.
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