IBC0.DE vs. FLXD.DE
IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - IBC0.DE tracks the MSCI Europe Diversified Multiple-Factor while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, IBC0.DE returned 10.54%/yr vs 12.10%/yr for FLXD.DE. A 0.75 correlation means they provide meaningful diversification when combined. IBC0.DE charges 0.45%/yr vs 0.25%/yr for FLXD.DE.
Performance
IBC0.DE vs. FLXD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IBC0.DE having a 9.99% return and FLXD.DE slightly higher at 10.13%.
IBC0.DE
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- 9.99%
- 6M
- 13.20%
- 1Y
- 19.89%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
FLXD.DE
- 1D
- 0.23%
- 1M
- -0.76%
- YTD
- 10.13%
- 6M
- 13.48%
- 1Y
- 16.10%
- 3Y*
- 17.99%
- 5Y*
- 12.10%
- 10Y*
- —
IBC0.DE vs. FLXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 26.28% | -11.58% | 5.55% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 10.13% | 24.53% | 12.30% | 10.31% | -0.48% | 16.07% | -3.54% | 23.52% | -7.81% | 0.44% |
Correlation
The correlation between IBC0.DE and FLXD.DE 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 | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2017 | 0.75 |
The correlation between IBC0.DE and FLXD.DE has been stable across timeframes, ranging from 0.65 to 0.75 - a consistent structural relationship.
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Return for Risk
IBC0.DE vs. FLXD.DE — Risk / Return Rank
IBC0.DE
FLXD.DE
IBC0.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.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.
| IBC0.DE | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 4.09 | -1.53 |
| Martin ratioReturn relative to average drawdown | 9.54 | 11.21 | -1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBC0.DE | FLXD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.89 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.03 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.65 | -0.07 |
Drawdowns
IBC0.DE vs. FLXD.DE - Drawdown Comparison
The maximum IBC0.DE drawdown since its inception was -37.22%, which is greater than FLXD.DE's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBC0.DE and FLXD.DE.
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Drawdown Indicators
| IBC0.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -35.10% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -4.02% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | -10.07% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -14.19% | -10.45% |
Max Drawdown (10Y)Largest decline over 10 years | -37.22% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -3.80% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -3.88% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.47% | +0.65% |
Volatility
IBC0.DE vs. FLXD.DE - Volatility Comparison
iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) has a higher volatility of 4.25% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 3.50%. This indicates that IBC0.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
| IBC0.DE | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.50% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 7.02% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 8.70% | +3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 11.66% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 14.11% | +2.21% |
IBC0.DE vs. FLXD.DE - Expense Ratio Comparison
IBC0.DE has a 0.45% expense ratio, which is higher than FLXD.DE's 0.25% expense ratio.
Dividends
IBC0.DE vs. FLXD.DE - Dividend Comparison
IBC0.DE has not paid dividends to shareholders, while FLXD.DE's dividend yield for the trailing twelve months is around 3.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLXD.DE Franklin European Quality Dividend UCITS ETF | 3.78% | 4.28% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% |
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC0.DE and FLXD.DE 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, 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 0.45% for IBC0.DE.
IBC0.DE tracks MSCI Europe Diversified Multiple-Factor, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.45% for IBC0.DE and 0.25% for FLXD.DE.
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