FRXD.L vs. IMIB.L
FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds - FRXD.L tracks the LibertyQ European Dividend Index-NR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, FRXD.L returned 12.38%/yr vs 21.41%/yr for IMIB.L. A 0.66 correlation means they provide meaningful diversification when combined. FRXD.L charges 0.25%/yr vs 0.35%/yr for IMIB.L.
Performance
FRXD.L vs. IMIB.L - Performance Comparison
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Different Trading Currencies
FRXD.L is traded in EUR, while IMIB.L is traded in GBp. To make them comparable, the IMIB.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 11.98% return, which is significantly lower than IMIB.L's 19.55% 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*
- —
IMIB.L
- 1D
- -0.61%
- 1M
- -0.19%
- 6M
- 16.91%
- YTD
- 19.55%
- 1Y
- 36.34%
- 3Y*
- 27.83%
- 5Y*
- 21.41%
- 10Y*
- 15.41%
FRXD.L vs. IMIB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -9.31% | -0.60% |
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 19.55% | 36.28% | 18.63% | 33.31% | -8.56% | 26.00% | -4.05% | 32.79% | -16.36% | -0.42% |
Correlation
The correlation between FRXD.L and IMIB.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 | 0.66 |
The correlation between FRXD.L and IMIB.L shifts across timeframes, from 0.53 (3 years) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRXD.L vs. IMIB.L — Risk / Return Rank
FRXD.L
IMIB.L
FRXD.L vs. IMIB.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 FTSE MIB UCITS ETF EUR (Dist) (IMIB.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 | IMIB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 3.88 | +2.13 |
| Martin ratioReturn relative to average drawdown | 14.27 | 14.03 | +0.24 |
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Drawdowns
FRXD.L vs. IMIB.L - Drawdown Comparison
The maximum FRXD.L drawdown since its inception was -35.42%, smaller than the maximum IMIB.L drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for FRXD.L and IMIB.L.
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Drawdown Indicators
| FRXD.L | IMIB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.42% | -74.08% | +38.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -9.33% | +6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -10.26% | -17.52% | +7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -25.04% | +10.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.31% | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.34% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -40.05% | +36.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.58% | -1.19% |
Volatility
FRXD.L vs. IMIB.L - Volatility Comparison
The current volatility for Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) is 2.43%, while iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a volatility of 3.65%. This indicates that FRXD.L experiences smaller price fluctuations and is considered to be less risky than IMIB.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 | IMIB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 3.65% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 6.76% | 12.34% | -5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.67% | 15.15% | -6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.24% | 18.07% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 19.44% | -5.94% |
FRXD.L vs. IMIB.L - Expense Ratio Comparison
FRXD.L has a 0.25% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.
Dividends
FRXD.L vs. IMIB.L - Dividend Comparison
FRXD.L's dividend yield for the trailing twelve months is around 3.95%, more than IMIB.L's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 3.76% | 3.83% | 4.53% | 3.77% | 3.90% | 3.15% | 1.44% | 3.41% | 0.00% | 0.61% | 2.82% | 2.15% |
Frequently Asked Questions
FRXD.L and IMIB.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 0.35% for IMIB.L.
FRXD.L tracks LibertyQ European Dividend Index-NR, while IMIB.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 0.35% for IMIB.L.
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