FRXD.L vs. IMV.L
FRXD.L (Franklin European Quality Dividend UCITS ETF) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - FRXD.L tracks the Franklin European Quality Dividend UCITS ETF while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, FRXD.L returned 12.20%/yr vs 7.07%/yr for IMV.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
FRXD.L vs. IMV.L - Performance Comparison
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Different Trading Currencies
FRXD.L is traded in EUR, while IMV.L is traded in GBp. To make them comparable, the IMV.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 higher than IMV.L's 8.44% 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*
- —
IMV.L
- 1D
- -0.19%
- 1M
- 1.43%
- 6M
- 6.53%
- YTD
- 8.44%
- 1Y
- 11.40%
- 3Y*
- 11.89%
- 5Y*
- 7.07%
- 10Y*
- 6.89%
FRXD.L vs. IMV.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% |
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 8.44% | 11.52% | 11.78% | 10.86% | -12.59% | 21.08% | -4.01% | 23.77% | -4.11% | 1.82% |
Correlation
The correlation between FRXD.L and IMV.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.74 |
The correlation between FRXD.L and IMV.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
FRXD.L vs. IMV.L — Risk / Return Rank
FRXD.L
IMV.L
FRXD.L vs. IMV.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 Edge MSCI Europe Min Volatility UCITS (IMV.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 | IMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 1.57 | +4.14 |
| Martin ratioReturn relative to average drawdown | 13.52 | 4.72 | +8.81 |
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Drawdowns
FRXD.L vs. IMV.L - Drawdown Comparison
The maximum FRXD.L drawdown since its inception was -35.42%, which is greater than IMV.L's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for FRXD.L and IMV.L.
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Drawdown Indicators
| FRXD.L | IMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.42% | -30.64% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -7.25% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -10.26% | -10.31% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -19.86% | +5.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.64% | — |
Current DrawdownCurrent decline from peak | -2.31% | -0.77% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -5.42% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.41% | -1.02% |
Volatility
FRXD.L vs. IMV.L - Volatility Comparison
Franklin European Quality Dividend UCITS ETF (FRXD.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) have volatilities of 2.57% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRXD.L | IMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 2.63% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 7.60% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 9.13% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.25% | 11.13% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 12.36% | +1.14% |
FRXD.L vs. IMV.L - Expense Ratio Comparison
Both FRXD.L and IMV.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. IMV.L - Dividend Comparison
FRXD.L's dividend yield for the trailing twelve months is around 3.98%, while IMV.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRXD.L and IMV.L have a correlation of 0.72, 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 IMV.L have the same expense ratio: 0.25% per year.
FRXD.L tracks Franklin European Quality Dividend UCITS ETF, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: Franklin and iShares.
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