IEVL.L vs. FRXD.L
IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and FRXD.L (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - IEVL.L tracks the MSCI Europe Enhanced Value Index while FRXD.L tracks the Franklin European Quality Dividend UCITS ETF. Both are passively managed. Over the past 5 years, IEVL.L returned 15.56%/yr vs 12.20%/yr for FRXD.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
IEVL.L vs. FRXD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEVL.L achieves a 16.34% return, which is significantly higher than FRXD.L's 11.06% return.
IEVL.L
- 1D
- -0.07%
- 1M
- 1.17%
- 6M
- 13.20%
- YTD
- 16.34%
- 1Y
- 34.34%
- 3Y*
- 21.76%
- 5Y*
- 15.56%
- 10Y*
- 11.11%
FRXD.L
- 1D
- -0.85%
- 1M
- -1.52%
- 6M
- 10.24%
- YTD
- 11.06%
- 1Y
- 19.06%
- 3Y*
- 19.64%
- 5Y*
- 12.20%
- 10Y*
- —
IEVL.L vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 16.34% | 35.04% | 10.57% | 13.52% | -3.79% | 26.68% | -8.75% | 21.79% | -13.55% | 5.65% |
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% |
Correlation
The correlation between IEVL.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 | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.77 |
The correlation between IEVL.L and FRXD.L shifts across timeframes, from 0.60 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEVL.L vs. FRXD.L — Risk / Return Rank
IEVL.L
FRXD.L
IEVL.L vs. FRXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.
| IEVL.L | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 5.71 | -2.22 |
| Martin ratioReturn relative to average drawdown | 13.14 | 13.52 | -0.38 |
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Drawdowns
IEVL.L vs. FRXD.L - Drawdown Comparison
The maximum IEVL.L drawdown since its inception was -40.09%, which is greater than FRXD.L's maximum drawdown of -35.42%. Use the drawdown chart below to compare losses from any high point for IEVL.L and FRXD.L.
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Drawdown Indicators
| IEVL.L | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.09% | -35.42% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -3.30% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -10.26% | -7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -14.39% | -5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -2.31% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -3.86% | -3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 1.39% | +1.22% |
Volatility
IEVL.L vs. FRXD.L - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a higher volatility of 4.24% compared to Franklin European Quality Dividend UCITS ETF (FRXD.L) at 2.57%. This indicates that IEVL.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
| IEVL.L | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.57% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 6.82% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 8.72% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.37% | 11.25% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 13.50% | +3.78% |
IEVL.L vs. FRXD.L - Expense Ratio Comparison
Both IEVL.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
IEVL.L vs. FRXD.L - Dividend Comparison
IEVL.L has not paid dividends to shareholders, while FRXD.L's dividend yield for the trailing twelve months is around 3.98%.
| 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% |
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEVL.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IEVL.L and FRXD.L have the same expense ratio: 0.25% per year.
IEVL.L tracks MSCI Europe Enhanced Value Index, while FRXD.L tracks Franklin European Quality Dividend UCITS ETF. They also come from different issuers: iShares and Franklin.
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