FRXD.L vs. IEDL.L
FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - FRXD.L tracks the LibertyQ European Dividend Index-NR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, FRXD.L returned 12.38%/yr vs 15.50%/yr for IEDL.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
FRXD.L vs. IEDL.L - Performance Comparison
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Returns By Period
In the year-to-date period, FRXD.L achieves a 11.98% return, which is significantly lower than IEDL.L's 16.23% return.
FRXD.L
- 1D
- -0.03%
- 1M
- -0.60%
- 6M
- 11.12%
- YTD
- 11.98%
- 1Y
- 19.89%
- 3Y*
- 19.97%
- 5Y*
- 12.38%
- 10Y*
- —
IEDL.L
- 1D
- -0.12%
- 1M
- 0.78%
- 6M
- 12.34%
- YTD
- 16.23%
- 1Y
- 34.44%
- 3Y*
- 21.82%
- 5Y*
- 15.50%
- 10Y*
- —
FRXD.L vs. IEDL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 11.98% | 24.01% | 12.76% | 10.32% | -0.01% | 17.27% | -4.30% | 24.47% | -8.95% |
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 16.23% | 34.97% | 10.35% | 13.65% | -3.82% | 26.74% | -8.81% | 21.98% | -12.14% |
Correlation
The correlation between FRXD.L and IEDL.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.77 |
The correlation between FRXD.L and IEDL.L shifts across timeframes, from 0.59 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRXD.L vs. IEDL.L — Risk / Return Rank
FRXD.L
IEDL.L
FRXD.L vs. IEDL.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 Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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 | IEDL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 3.54 | +2.47 |
| Martin ratioReturn relative to average drawdown | 14.27 | 13.23 | +1.04 |
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Drawdowns
FRXD.L vs. IEDL.L - Drawdown Comparison
The maximum FRXD.L drawdown since its inception was -35.42%, smaller than the maximum IEDL.L drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for FRXD.L and IEDL.L.
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Drawdown Indicators
| FRXD.L | IEDL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.42% | -39.77% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -9.69% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -10.26% | -17.59% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -19.68% | +5.29% |
Current DrawdownCurrent decline from peak | -1.50% | -1.39% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -6.13% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.60% | -1.21% |
Volatility
FRXD.L vs. IEDL.L - Volatility Comparison
The current volatility for Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) is 2.43%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.43%. This indicates that FRXD.L experiences smaller price fluctuations and is considered to be less risky than IEDL.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 | IEDL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 4.43% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.76% | 11.78% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.67% | 14.06% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.24% | 15.44% | -4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 17.95% | -4.45% |
FRXD.L vs. IEDL.L - Expense Ratio Comparison
Both FRXD.L and IEDL.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FRXD.L vs. IEDL.L - Dividend Comparison
FRXD.L's dividend yield for the trailing twelve months is around 3.95%, more than IEDL.L's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 3.95% | 4.28% | 4.30% | 5.00% | 5.20% | 4.63% | 3.53% | 4.42% | 5.53% |
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 2.93% | 3.44% | 4.22% | 4.75% | 4.23% | 3.55% | 2.32% | 3.86% | 3.19% |
Frequently Asked Questions
FRXD.L and IEDL.L have a correlation of 0.61, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FRXD.L and IEDL.L have the same expense ratio: 0.25% per year.
FRXD.L tracks LibertyQ European Dividend Index-NR, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Franklin and iShares.
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