FRXD.L vs. 0Y8Z.L
FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) and 0Y8Z.L (iShares Core MSCI EMU UCITS ETF EUR (Dist)) are both Europe Equities funds - FRXD.L tracks the LibertyQ European Dividend Index-NR while 0Y8Z.L tracks the MSCI EMU Net Index (EUR). Both are passively managed. Over the past 3 years, FRXD.L returned 19.35%/yr vs 15.70%/yr for 0Y8Z.L. At a 0.25 correlation, their price movements are largely independent. FRXD.L charges 0.25%/yr vs 0.12%/yr for 0Y8Z.L.
Performance
FRXD.L vs. 0Y8Z.L - Performance Comparison
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Returns By Period
In the year-to-date period, FRXD.L achieves a 12.87% return, which is significantly higher than 0Y8Z.L's 10.50% return.
FRXD.L
- 1D
- 0.79%
- 1M
- 0.30%
- 6M
- 11.77%
- YTD
- 12.87%
- 1Y
- 20.35%
- 3Y*
- 19.35%
- 5Y*
- 12.56%
- 10Y*
- —
0Y8Z.L
- 1D
- -0.68%
- 1M
- -1.47%
- 6M
- 6.47%
- YTD
- 10.50%
- 1Y
- 20.10%
- 3Y*
- 15.70%
- 5Y*
- —
- 10Y*
- —
FRXD.L vs. 0Y8Z.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 12.87% | 24.01% | 12.76% | 10.32% | 2.63% |
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 10.50% | 24.83% | 8.63% | 15.41% | 1.14% |
Correlation
The correlation between FRXD.L and 0Y8Z.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.25 |
The correlation between FRXD.L and 0Y8Z.L shifts across timeframes, from 0.25 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FRXD.L vs. 0Y8Z.L — Risk / Return Rank
FRXD.L
0Y8Z.L
FRXD.L vs. 0Y8Z.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) and iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.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.
| FRXD.L | 0Y8Z.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.15 | 2.05 | +4.10 |
| Martin ratioReturn relative to average drawdown | 14.59 | 7.79 | +6.81 |
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Drawdowns
FRXD.L vs. 0Y8Z.L - Drawdown Comparison
The maximum FRXD.L drawdown since its inception was -35.42%, which is greater than 0Y8Z.L's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for FRXD.L and 0Y8Z.L.
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Drawdown Indicators
| FRXD.L | 0Y8Z.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.42% | -14.60% | -20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -10.00% | +6.70% |
Max Drawdown (3Y)Largest decline over 3 years | -10.26% | -14.60% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -3.44% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -2.23% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.61% | -1.22% |
Volatility
FRXD.L vs. 0Y8Z.L - Volatility Comparison
The current volatility for Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) is 2.22%, while iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) has a volatility of 4.03%. This indicates that FRXD.L experiences smaller price fluctuations and is considered to be less risky than 0Y8Z.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRXD.L | 0Y8Z.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 4.03% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 6.79% | 13.24% | -6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.70% | 15.76% | -7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.24% | 18.99% | -7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 18.99% | -5.49% |
FRXD.L vs. 0Y8Z.L - Expense Ratio Comparison
FRXD.L has a 0.25% expense ratio, which is higher than 0Y8Z.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FRXD.L vs. 0Y8Z.L - Dividend Comparison
FRXD.L's dividend yield for the trailing twelve months is around 3.91%, more than 0Y8Z.L's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 2.33% | 2.53% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 3.91% | 4.28% | 4.30% | 5.00% | 5.20% | 4.63% | 3.53% | 4.42% | 5.53% |
Frequently Asked Questions
FRXD.L and 0Y8Z.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0Y8Z.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0Y8Z.L is cheaper with a 0.12% expense ratio, compared with 0.25% for FRXD.L.
FRXD.L tracks LibertyQ European Dividend Index-NR, while 0Y8Z.L tracks MSCI EMU Net Index (EUR). They also come from different issuers: Franklin and iShares. Their fees differ too: 0.25% for FRXD.L and 0.12% for 0Y8Z.L.
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