FTGG.DE vs. FLXD.DE
FTGG.DE (First Trust Germany AlphaDEX UCITS ETF) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - FTGG.DE tracks the Nasdaq AlphaDEX Germany NTR Index while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, FTGG.DE returned 5.23%/yr vs 12.36%/yr for FLXD.DE. A 0.64 correlation means they provide meaningful diversification when combined. FTGG.DE charges 0.65%/yr vs 0.25%/yr for FLXD.DE.
Performance
FTGG.DE vs. FLXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGG.DE achieves a 4.55% return, which is significantly lower than FLXD.DE's 12.01% return.
FTGG.DE
- 1D
- -0.40%
- 1M
- -1.49%
- 6M
- -1.27%
- YTD
- 4.55%
- 1Y
- 14.92%
- 3Y*
- 17.21%
- 5Y*
- 5.23%
- 10Y*
- 7.17%
FLXD.DE
- 1D
- -0.41%
- 1M
- -0.60%
- 6M
- 11.38%
- YTD
- 12.01%
- 1Y
- 19.99%
- 3Y*
- 18.84%
- 5Y*
- 12.36%
- 10Y*
- —
FTGG.DE vs. FLXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 4.55% | 44.59% | 8.23% | 8.38% | -26.44% | 13.79% | 7.27% | 21.38% | -23.36% | 10.77% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 12.01% | 24.53% | 12.34% | 10.31% | -0.48% | 16.07% | -3.54% | 23.50% | -7.81% | 0.44% |
Correlation
The correlation between FTGG.DE and FLXD.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017 | 0.64 |
Over the past year, the correlation between FTGG.DE and FLXD.DE has dropped to 0.43 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
FTGG.DE vs. FLXD.DE — Risk / Return Rank
FTGG.DE
FLXD.DE
FTGG.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX UCITS ETF (FTGG.DE) and Franklin European Quality Dividend UCITS ETF (FLXD.DE). 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.
| FTGG.DE | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 4.97 | -3.87 |
| Martin ratioReturn relative to average drawdown | 3.31 | 12.65 | -9.33 |
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Drawdowns
FTGG.DE vs. FLXD.DE - Drawdown Comparison
The maximum FTGG.DE drawdown since its inception was -99.97%, which is greater than FLXD.DE's maximum drawdown of -35.13%. Use the drawdown chart below to compare losses from any high point for FTGG.DE and FLXD.DE.
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Drawdown Indicators
| FTGG.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -35.13% | -64.84% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -4.01% | -10.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -10.07% | -6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -38.87% | -14.17% | -24.70% |
Max Drawdown (10Y)Largest decline over 10 years | -99.97% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | -2.14% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -3.86% | -8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 1.58% | +3.26% |
Volatility
FTGG.DE vs. FLXD.DE - Volatility Comparison
First Trust Germany AlphaDEX UCITS ETF (FTGG.DE) has a higher volatility of 6.06% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 2.57%. This indicates that FTGG.DE's price experiences larger fluctuations and is considered to be riskier than FLXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGG.DE | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 2.57% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 7.16% | +9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 8.90% | +10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 11.64% | +7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69,376.52% | 14.04% | +69,362.48% |
FTGG.DE vs. FLXD.DE - Expense Ratio Comparison
FTGG.DE has a 0.65% expense ratio, which is higher than FLXD.DE's 0.25% expense ratio.
Dividends
FTGG.DE vs. FLXD.DE - Dividend Comparison
FTGG.DE's dividend yield for the trailing twelve months is around 1.55%, less than FLXD.DE's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLXD.DE Franklin European Quality Dividend UCITS ETF | 3.94% | 4.27% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% |
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 1.55% | 1.53% | 2.24% | 2.85% | 3.10% | 1.03% | 0.58% | 0.05% | 0.00% | 0.00% |
Frequently Asked Questions
FTGG.DE and FLXD.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXD.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for FTGG.DE.
FTGG.DE tracks Nasdaq AlphaDEX Germany NTR Index, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: First Trust and Franklin Templeton. Their fees differ too: 0.65% for FTGG.DE and 0.25% for FLXD.DE.
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