IEFQ.L vs. FRXD.L

Last updated Jul 19, 2026

IEFQ.L (iShares Edge MSCIope Quality Factor UCITS) and FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) are both Europe Equities funds - IEFQ.L tracks the MSCI Europe NR EUR while FRXD.L tracks the LibertyQ European Dividend Index-NR. Both are passively managed. Over the past 5 years, IEFQ.L returned 6.04%/yr vs 12.37%/yr for FRXD.L. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

IEFQ.L vs. FRXD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) and Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IEFQ.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, IEFQ.L achieves a 6.26% return, which is significantly lower than FRXD.L's 10.07% return.

IEFQ.L

• 1D: 0.04%
• 1M: -0.59%
• 6M: 2.56%
• YTD: 6.26%
• 1Y: 12.46%
• 3Y*: 9.05%
• 5Y*: 6.04%
• 10Y*: 8.48%

FRXD.L

• 1D: 0.92%
• 1M: -0.50%
• 6M: 9.59%
• YTD: 10.07%
• 1Y: 17.83%
• 3Y*: 18.84%
• 5Y*: 12.37%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEFQ.L vs. FRXD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEFQ.L iShares Edge MSCIope Quality Factor UCITS	6.26%	14.94%	-0.69%	12.31%	-6.34%	18.16%	6.81%	24.09%	-5.58%	1.09%
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist)	10.07%	30.65%	7.63%	8.12%	5.16%	10.32%	1.12%	17.41%	-8.42%	-3.16%

Correlation

The correlation between IEFQ.L and FRXD.L is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017	0.67

The correlation between IEFQ.L and FRXD.L shifts across timeframes, from 0.56 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

IEFQ.L vs. FRXD.L - Sectors Allocation Comparison

Sectors	IEFQ.L	FRXD.L
Financial Services	21.0%	43.0%
Industrials	19.3%	7.1%
Healthcare	13.2%	9.4%
Technology	12.4%	0.8%
Consumer Defensive	8.8%	3.8%
Consumer Cyclical	6.6%	1.2%
Basic Materials	5.4%	6.3%
Utilities	5.1%	0.7%
Energy	4.5%	8.4%
Communication Services	3.1%	14.6%
Real Estate	0.7%	4.6%

Return for Risk

IEFQ.L vs. FRXD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEFQ.L

IEFQ.L Risk / Return Rank: 36
IEFQ.L Sharpe Ratio Rank: 38
IEFQ.L Sortino Ratio Rank: 36
IEFQ.L Omega Ratio Rank: 37
IEFQ.L Calmar Ratio Rank: 32
IEFQ.L Martin Ratio Rank: 35

FRXD.L

FRXD.L Risk / Return Rank: 91
FRXD.L Sharpe Ratio Rank: 90
FRXD.L Sortino Ratio Rank: 91
FRXD.L Omega Ratio Rank: 89
FRXD.L Calmar Ratio Rank: 96
FRXD.L Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEFQ.L vs. FRXD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) and Franklin European Quality Dividend UCITS ETF EUR (Dist) (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.

	IEFQ.L	FRXD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.08	2.04	-0.97
Sortino ratio: Return per unit of downside risk	1.54	2.92	-1.38
Omega ratio: Gain probability vs. loss probability	1.20	1.36	-0.17
Calmar ratio: Return relative to maximum drawdown	1.28	5.09	-3.81
Martin ratio: Return relative to average drawdown	4.16	11.52	-7.36

IEFQ.L vs. FRXD.L - Sharpe Ratio Comparison

The current IEFQ.L Sharpe Ratio is 1.08, which is lower than the FRXD.L Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of IEFQ.L and FRXD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IEFQ.L vs. FRXD.L - Drawdown Comparison

The maximum IEFQ.L drawdown since its inception was -26.38%, smaller than the maximum FRXD.L drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for IEFQ.L and FRXD.L.

Drawdown Indicators

	IEFQ.L	FRXD.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.38%	-29.39%	+3.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-3.59%	-6.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-8.29%	-3.70%
Max Drawdown (5Y) Largest decline over 5 years	-17.73%	-12.18%	-5.55%
Max Drawdown (10Y) Largest decline over 10 years	-26.38%	—	—
Current Drawdown Current decline from peak	-2.36%	-2.43%	+0.07%
Average Drawdown Average peak-to-trough decline	-4.20%	-3.52%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	1.59%	+1.39%

Volatility

IEFQ.L vs. FRXD.L - Volatility Comparison

iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) and Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) have volatilities of 2.77% and 2.73%, 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.

Volatility by Period

	IEFQ.L	FRXD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	2.73%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	7.14%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	8.95%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	11.34%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	13.38%	+1.82%

IEFQ.L vs. FRXD.L - Expense Ratio Comparison

Both IEFQ.L and FRXD.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

IEFQ.L vs. FRXD.L - Dividend Comparison

IEFQ.L has not paid dividends to shareholders, while FRXD.L's dividend yield for the trailing twelve months is around 3.91%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist)	3.91%	4.28%	4.30%	5.00%	5.20%	4.63%	3.53%	4.42%	5.53%
IEFQ.L iShares Edge MSCIope Quality Factor UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IEFQ.L and FRXD.L in my portfolio?

IEFQ.L and FRXD.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IEFQ.L or FRXD.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IEFQ.L or FRXD.L?

IEFQ.L and FRXD.L have the same expense ratio: 0.25% per year.

What is the main difference between IEFQ.L and FRXD.L?

IEFQ.L tracks MSCI Europe NR EUR, while FRXD.L tracks LibertyQ European Dividend Index-NR. They also come from different issuers: iShares and Franklin.