FRIZ vs. UDIV

Last updated Jun 6, 2026

FRIZ (Franklin Dividend Growth ETF) and UDIV (Franklin U.S. Core Dividend Tilt Index ETF) are both Dividend funds from Franklin Templeton. FRIZ is actively managed, while UDIV is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. FRIZ charges 0.49%/yr vs 0.06%/yr for UDIV.

Performance

FRIZ vs. UDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Dividend Growth ETF (FRIZ) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRIZ achieves a 2.78% return, which is significantly lower than UDIV's 12.42% return.

FRIZ

• 1D: -0.76%
• 1M: 1.07%
• YTD: 2.78%
• 6M: 2.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UDIV

• 1D: -2.72%
• 1M: 1.31%
• YTD: 12.42%
• 6M: 12.09%
• 1Y: 31.40%
• 3Y*: 23.67%
• 5Y*: 13.53%
• 10Y*: 11.61%

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

FRIZ vs. UDIV - Yearly Performance Comparison

	2026 (YTD)	2025
FRIZ Franklin Dividend Growth ETF	2.78%	3.14%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	12.42%	6.15%

Correlation

The correlation between FRIZ and UDIV is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025	0.81

Return for Risk

FRIZ vs. UDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UDIV

UDIV Risk / Return Rank: 81
UDIV Sharpe Ratio Rank: 82
UDIV Sortino Ratio Rank: 79
UDIV Omega Ratio Rank: 81
UDIV Calmar Ratio Rank: 76
UDIV Martin Ratio Rank: 85

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.

FRIZ vs. UDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Dividend Growth ETF (FRIZ) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FRIZ	UDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.72	+0.06

Drawdowns

FRIZ vs. UDIV - Drawdown Comparison

The maximum FRIZ drawdown since its inception was -7.84%, smaller than the maximum UDIV drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for FRIZ and UDIV.

Drawdown Indicators

	FRIZ	UDIV	Difference
Max Drawdown Largest peak-to-trough decline	-7.84%	-35.21%	+27.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.21%	—
Current Drawdown Current decline from peak	-0.76%	-2.91%	+2.15%
Average Drawdown Average peak-to-trough decline	-1.47%	-4.64%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.85%	—

Volatility

Volatility by Period

	FRIZ	UDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.15%	12.27%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	15.55%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	16.29%	-6.14%

FRIZ vs. UDIV - Expense Ratio Comparison

FRIZ has a 0.49% expense ratio, which is higher than UDIV's 0.06% expense ratio.

Dividends

FRIZ vs. UDIV - Dividend Comparison

FRIZ's dividend yield for the trailing twelve months is around 0.50%, less than UDIV's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FRIZ Franklin Dividend Growth ETF	0.50%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.44%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%

Frequently Asked Questions

Can I hold both FRIZ and UDIV in my portfolio?

FRIZ and UDIV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FRIZ or UDIV?

On fees, UDIV is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FRIZ or UDIV?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.49% for FRIZ.

Which ETF pays a higher dividend yield, FRIZ or UDIV?

UDIV has the higher dividend yield at 1.44%, compared with 0.50% for FRIZ.

What is the main difference between FRIZ and UDIV?

Their fees differ too: 0.49% for FRIZ and 0.06% for UDIV.