FRXD.L vs. MVEU.L
FRXD.L (Franklin European Quality Dividend UCITS ETF) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - FRXD.L tracks the Franklin European Quality Dividend UCITS ETF while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, FRXD.L returned 12.20%/yr vs 7.00%/yr for MVEU.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
FRXD.L vs. MVEU.L - Performance Comparison
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Returns By Period
In the year-to-date period, FRXD.L achieves a 11.06% return, which is significantly higher than MVEU.L's 8.54% 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*
- —
MVEU.L
- 1D
- -0.03%
- 1M
- 1.45%
- 6M
- 6.45%
- YTD
- 8.54%
- 1Y
- 11.41%
- 3Y*
- 11.85%
- 5Y*
- 7.00%
- 10Y*
- 6.87%
FRXD.L vs. MVEU.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% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 8.54% | 11.66% | 11.79% | 10.66% | -12.67% | 21.67% | -3.86% | 22.42% | -3.82% | 1.93% |
Correlation
The correlation between FRXD.L and MVEU.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.77 |
The correlation between FRXD.L and MVEU.L has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
FRXD.L vs. MVEU.L — Risk / Return Rank
FRXD.L
MVEU.L
FRXD.L vs. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 1.61 | +4.10 |
| Martin ratioReturn relative to average drawdown | 13.52 | 4.99 | +8.53 |
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Drawdowns
FRXD.L vs. MVEU.L - Drawdown Comparison
The maximum FRXD.L drawdown since its inception was -35.42%, which is greater than MVEU.L's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for FRXD.L and MVEU.L.
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Drawdown Indicators
| FRXD.L | MVEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.42% | -30.56% | -4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -7.04% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -10.26% | -10.78% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -19.51% | +5.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.56% | — |
Current DrawdownCurrent decline from peak | -2.31% | -0.72% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -4.53% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.28% | -0.89% |
Volatility
FRXD.L vs. MVEU.L - Volatility Comparison
Franklin European Quality Dividend UCITS ETF (FRXD.L) has a higher volatility of 2.57% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 2.44%. This indicates that FRXD.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 2.44% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 7.21% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 8.79% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.25% | 11.05% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 12.15% | +1.35% |
FRXD.L vs. MVEU.L - Expense Ratio Comparison
Both FRXD.L and MVEU.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. MVEU.L - Dividend Comparison
FRXD.L's dividend yield for the trailing twelve months is around 3.98%, while MVEU.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% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRXD.L and MVEU.L have a correlation of 0.75, 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 MVEU.L have the same expense ratio: 0.25% per year.
FRXD.L tracks Franklin European Quality Dividend UCITS ETF, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: Franklin and iShares.
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