FRXD.L vs. CMB1.L
FRXD.L (Franklin European Quality Dividend UCITS ETF) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - FRXD.L tracks the Franklin European Quality Dividend UCITS ETF while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, FRXD.L returned 12.20%/yr vs 21.64%/yr for CMB1.L. A 0.64 correlation means they provide meaningful diversification when combined. FRXD.L charges 0.25%/yr vs 0.33%/yr for CMB1.L.
Performance
FRXD.L vs. CMB1.L - Performance Comparison
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Different Trading Currencies
FRXD.L is traded in EUR, while CMB1.L is traded in GBp. To make them comparable, the CMB1.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FRXD.L achieves a 11.06% return, which is significantly lower than CMB1.L's 20.34% return.
FRXD.L
- 1D
- -0.85%
- 1M
- -1.52%
- 6M
- 10.24%
- YTD
- 11.06%
- 1Y
- 19.06%
- 3Y*
- 19.64%
- 5Y*
- 12.20%
- 10Y*
- —
CMB1.L
- 1D
- -0.84%
- 1M
- 1.47%
- 6M
- 17.90%
- YTD
- 20.34%
- 1Y
- 37.10%
- 3Y*
- 28.04%
- 5Y*
- 21.64%
- 10Y*
- 16.08%
FRXD.L vs. CMB1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRXD.L Franklin European Quality Dividend UCITS ETF | 11.06% | 24.01% | 12.76% | 10.32% | -0.01% | 17.27% | -4.30% | 24.47% | -9.31% | -0.60% |
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 20.34% | 36.33% | 18.72% | 33.45% | -8.53% | 25.99% | -4.00% | 32.77% | -14.85% | 2.48% |
Correlation
The correlation between FRXD.L and CMB1.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.64 |
The correlation between FRXD.L and CMB1.L shifts across timeframes, from 0.53 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRXD.L vs. CMB1.L — Risk / Return Rank
FRXD.L
CMB1.L
FRXD.L vs. CMB1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin European Quality Dividend UCITS ETF (FRXD.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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 | CMB1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 3.95 | +1.76 |
| Martin ratioReturn relative to average drawdown | 13.52 | 14.30 | -0.78 |
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Drawdowns
FRXD.L vs. CMB1.L - Drawdown Comparison
The maximum FRXD.L drawdown since its inception was -35.42%, smaller than the maximum CMB1.L drawdown of -52.45%. Use the drawdown chart below to compare losses from any high point for FRXD.L and CMB1.L.
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Drawdown Indicators
| FRXD.L | CMB1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.42% | -52.45% | +17.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -9.35% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -10.26% | -17.56% | +7.30% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -25.02% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -2.31% | -0.85% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -14.46% | +10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.59% | -1.20% |
Volatility
FRXD.L vs. CMB1.L - Volatility Comparison
The current volatility for Franklin European Quality Dividend UCITS ETF (FRXD.L) is 2.57%, while iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) has a volatility of 3.70%. This indicates that FRXD.L experiences smaller price fluctuations and is considered to be less risky than CMB1.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 | CMB1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 3.70% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 12.43% | -5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 15.22% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.25% | 18.12% | -6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 20.25% | -6.75% |
FRXD.L vs. CMB1.L - Expense Ratio Comparison
FRXD.L has a 0.25% expense ratio, which is lower than CMB1.L's 0.33% expense ratio.
Dividends
FRXD.L vs. CMB1.L - Dividend Comparison
FRXD.L's dividend yield for the trailing twelve months is around 3.98%, while CMB1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRXD.L Franklin European Quality Dividend UCITS ETF | 3.98% | 4.28% | 4.30% | 5.00% | 5.20% | 4.63% | 3.53% | 4.42% | 5.53% |
Frequently Asked Questions
FRXD.L and CMB1.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRXD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRXD.L is cheaper with a 0.25% expense ratio, compared with 0.33% for CMB1.L.
FRXD.L tracks Franklin European Quality Dividend UCITS ETF, while CMB1.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.25% for FRXD.L and 0.33% for CMB1.L.
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