ISEU.L vs. FRXD.L
ISEU.L (iShares MSCI Europe UCITS Dist) and FRXD.L (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - ISEU.L tracks the MSCI Europe NR EUR while FRXD.L tracks the Franklin European Quality Dividend UCITS ETF. Both are passively managed. Over the past 5 years, ISEU.L returned 9.84%/yr vs 11.76%/yr for FRXD.L. A 0.78 correlation means they provide meaningful diversification when combined. ISEU.L charges 1.00%/yr vs 0.25%/yr for FRXD.L.
Performance
ISEU.L vs. FRXD.L - Performance Comparison
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Different Trading Currencies
ISEU.L is traded in USD, while FRXD.L is traded in EUR. To make them comparable, the FRXD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISEU.L achieves a 8.22% return, which is significantly lower than FRXD.L's 9.41% return.
ISEU.L
- 1D
- 0.11%
- 1M
- 0.22%
- 6M
- 5.52%
- YTD
- 8.22%
- 1Y
- 19.54%
- 3Y*
- 15.50%
- 5Y*
- 9.84%
- 10Y*
- 10.91%
FRXD.L
- 1D
- 0.00%
- 1M
- -1.68%
- 6M
- 9.54%
- YTD
- 9.41%
- 1Y
- 18.74%
- 3Y*
- 20.83%
- 5Y*
- 11.76%
- 10Y*
- —
ISEU.L vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISEU.L iShares MSCI Europe UCITS Dist | 8.22% | 35.20% | 2.21% | 19.49% | -13.72% | 15.83% | 5.72% | 23.55% | -14.36% | 4.27% |
FRXD.L Franklin European Quality Dividend UCITS ETF | 9.41% | 40.67% | 5.78% | 13.81% | -6.02% | 9.28% | 4.18% | 22.05% | -13.54% | -0.85% |
Correlation
The correlation between ISEU.L and FRXD.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.78 |
The correlation between ISEU.L and FRXD.L shifts across timeframes, from 0.65 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISEU.L vs. FRXD.L — Risk / Return Rank
ISEU.L
FRXD.L
ISEU.L vs. FRXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.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.
| ISEU.L | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.81 | -2.12 |
| Martin ratioReturn relative to average drawdown | 6.04 | 8.67 | -2.62 |
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Drawdowns
ISEU.L vs. FRXD.L - Drawdown Comparison
The maximum ISEU.L drawdown since its inception was -55.91%, which is greater than FRXD.L's maximum drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for ISEU.L and FRXD.L.
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Drawdown Indicators
| ISEU.L | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -36.94% | -18.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -4.75% | -6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -10.09% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -30.77% | -26.28% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -36.02% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -2.70% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -6.09% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.09% | +1.14% |
Volatility
ISEU.L vs. FRXD.L - Volatility Comparison
iShares MSCI Europe UCITS Dist (ISEU.L) has a higher volatility of 4.13% compared to Franklin European Quality Dividend UCITS ETF (FRXD.L) at 3.06%. This indicates that ISEU.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
| ISEU.L | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 3.06% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 8.54% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 10.96% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 14.46% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 15.62% | +1.81% |
ISEU.L vs. FRXD.L - Expense Ratio Comparison
ISEU.L has a 1.00% expense ratio, which is higher than FRXD.L's 0.25% expense ratio.
Dividends
ISEU.L vs. FRXD.L - Dividend Comparison
ISEU.L's dividend yield for the trailing twelve months is around 2.50%, less than FRXD.L's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISEU.L iShares MSCI Europe UCITS Dist | 2.50% | 2.46% | 3.00% | 2.81% | 2.86% | 2.36% | 1.91% | 3.03% | 3.28% | 2.48% |
Frequently Asked Questions
ISEU.L and FRXD.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRXD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRXD.L is cheaper with a 0.25% expense ratio, compared with 1.00% for ISEU.L.
ISEU.L tracks MSCI Europe NR EUR, while FRXD.L tracks Franklin European Quality Dividend UCITS ETF. They also come from different issuers: iShares and Franklin. Their fees differ too: 1.00% for ISEU.L and 0.25% for FRXD.L.
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