HUKX.L vs. FRXD.L
HUKX.L (HSBC FTSE 100 UCITS ETF GBP) and FRXD.L (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - HUKX.L tracks the FTSE AllSh TR GBP while FRXD.L tracks the Franklin European Quality Dividend UCITS ETF. Both are passively managed. Over the past 5 years, HUKX.L returned 12.33%/yr vs 12.15%/yr for FRXD.L. A 0.72 correlation means they provide meaningful diversification when combined. HUKX.L charges 0.07%/yr vs 0.25%/yr for FRXD.L.
Performance
HUKX.L vs. FRXD.L - Performance Comparison
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Different Trading Currencies
HUKX.L is traded in GBp, while FRXD.L is traded in EUR. To make them comparable, the FRXD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HUKX.L achieves a 7.20% return, which is significantly lower than FRXD.L's 8.97% return.
HUKX.L
- 1D
- -0.19%
- 1M
- 0.75%
- 6M
- 4.49%
- YTD
- 7.20%
- 1Y
- 20.66%
- 3Y*
- 16.02%
- 5Y*
- 12.33%
- 10Y*
- 8.55%
FRXD.L
- 1D
- 0.00%
- 1M
- -2.54%
- 6M
- 8.87%
- YTD
- 8.97%
- 1Y
- 17.48%
- 3Y*
- 19.46%
- 5Y*
- 12.15%
- 10Y*
- —
HUKX.L vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUKX.L HSBC FTSE 100 UCITS ETF GBP | 7.20% | 26.20% | 9.58% | 7.36% | 5.07% | 17.54% | -11.64% | 17.42% | -8.67% | 4.71% |
FRXD.L Franklin European Quality Dividend UCITS ETF | 8.97% | 30.65% | 7.63% | 8.12% | 5.16% | 10.32% | 1.12% | 17.41% | -8.42% | -3.16% |
Correlation
The correlation between HUKX.L and FRXD.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.72 |
The correlation between HUKX.L and FRXD.L shifts across timeframes, from 0.59 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HUKX.L vs. FRXD.L — Risk / Return Rank
HUKX.L
FRXD.L
HUKX.L vs. FRXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE 100 UCITS ETF GBP (HUKX.L) and Franklin European Quality Dividend UCITS ETF (FRXD.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.
| HUKX.L | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.77 | -2.43 |
| Martin ratioReturn relative to average drawdown | 7.55 | 10.85 | -3.30 |
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Drawdowns
HUKX.L vs. FRXD.L - Drawdown Comparison
The maximum HUKX.L drawdown since its inception was -34.22%, which is greater than FRXD.L's maximum drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for HUKX.L and FRXD.L.
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Drawdown Indicators
| HUKX.L | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -29.39% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -3.59% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -8.29% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -12.95% | -12.18% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -34.22% | — | — |
Current DrawdownCurrent decline from peak | -2.52% | -3.41% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -3.52% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.58% | +1.15% |
Volatility
HUKX.L vs. FRXD.L - Volatility Comparison
HSBC FTSE 100 UCITS ETF GBP (HUKX.L) has a higher volatility of 3.03% compared to Franklin European Quality Dividend UCITS ETF (FRXD.L) at 2.63%. This indicates that HUKX.L's price experiences larger fluctuations and is considered to be riskier than FRXD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUKX.L | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 2.63% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 7.06% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 8.90% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 11.33% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 13.38% | +1.39% |
HUKX.L vs. FRXD.L - Expense Ratio Comparison
HUKX.L has a 0.07% expense ratio, which is lower than FRXD.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HUKX.L vs. FRXD.L - Dividend Comparison
HUKX.L's dividend yield for the trailing twelve months is around 2.81%, less than FRXD.L's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
HUKX.L HSBC FTSE 100 UCITS ETF GBP | 2.81% | 2.95% | 3.74% | 3.50% | 3.63% | 3.19% | 4.04% | 4.31% | 4.35% | 3.79% | 3.49% | 3.79% |
Frequently Asked Questions
HUKX.L and FRXD.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HUKX.L is cheaper with a 0.07% expense ratio, compared with 0.25% for FRXD.L.
HUKX.L tracks FTSE AllSh TR GBP, while FRXD.L tracks Franklin European Quality Dividend UCITS ETF. They also come from different issuers: HSBC and Franklin. Their fees differ too: 0.07% for HUKX.L and 0.25% for FRXD.L.
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