IUKD.L vs. FRXD.L
IUKD.L (iShares UK Dividend UCITS ETF) and FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) are both exchange-traded funds - IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index, while FRXD.L is a Europe Equities fund tracking the LibertyQ European Dividend Index-NR. Both are passively managed. Over the past 5 years, IUKD.L returned 13.27%/yr vs 12.37%/yr for FRXD.L. A 0.68 correlation means they provide meaningful diversification when combined. IUKD.L charges 0.40%/yr vs 0.25%/yr for FRXD.L.
Performance
IUKD.L vs. FRXD.L - Performance Comparison
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Different Trading Currencies
IUKD.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, IUKD.L achieves a 13.38% return, which is significantly higher than FRXD.L's 10.07% return.
IUKD.L
- 1D
- 0.85%
- 1M
- 3.90%
- 6M
- 10.53%
- YTD
- 13.38%
- 1Y
- 28.95%
- 3Y*
- 22.41%
- 5Y*
- 13.27%
- 10Y*
- 7.33%
FRXD.L
- 1D
- 0.92%
- 1M
- -1.48%
- 6M
- 9.59%
- YTD
- 10.07%
- 1Y
- 18.37%
- 3Y*
- 18.84%
- 5Y*
- 12.37%
- 10Y*
- —
IUKD.L vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUKD.L iShares UK Dividend UCITS ETF | 13.38% | 32.12% | 12.27% | 5.81% | -1.44% | 23.43% | -17.92% | 18.86% | -14.11% | 3.15% |
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 IUKD.L and FRXD.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
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 | 0.68 |
The correlation between IUKD.L and FRXD.L has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
IUKD.L vs. FRXD.L — Risk / Return Rank
IUKD.L
FRXD.L
IUKD.L vs. FRXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Dividend UCITS ETF (IUKD.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.
| IUKD.L | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.36 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 5.09 | -2.19 |
| Martin ratioReturn relative to average drawdown | 10.26 | 11.52 | -1.27 |
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Drawdowns
IUKD.L vs. FRXD.L - Drawdown Comparison
The maximum IUKD.L drawdown since its inception was -61.97%, 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 IUKD.L and FRXD.L.
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Drawdown Indicators
| IUKD.L | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.97% | -29.39% | -32.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -3.59% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -10.52% | -8.29% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -12.18% | -7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -44.34% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.43% | +2.43% |
Average DrawdownAverage peak-to-trough decline | -15.49% | -3.52% | -11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.59% | +1.23% |
Volatility
IUKD.L vs. FRXD.L - Volatility Comparison
iShares UK Dividend UCITS ETF (IUKD.L) and Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) have volatilities of 2.80% 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.
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Volatility by Period
| IUKD.L | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.73% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 7.14% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 8.95% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 11.34% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 13.38% | +3.41% |
IUKD.L vs. FRXD.L - Expense Ratio Comparison
IUKD.L has a 0.40% expense ratio, which is higher than FRXD.L's 0.25% expense ratio.
Dividends
IUKD.L vs. FRXD.L - Dividend Comparison
IUKD.L's dividend yield for the trailing twelve months is around 4.62%, more than FRXD.L's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
IUKD.L iShares UK Dividend UCITS ETF | 4.62% | 4.85% | 5.78% | 5.34% | 6.39% | 5.68% | 4.11% | 5.70% | 6.86% | 5.19% | 4.87% | 5.67% |
Frequently Asked Questions
IUKD.L and FRXD.L have a correlation of 0.68, 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 0.40% for IUKD.L.
IUKD.L is categorized as Dividend, while FRXD.L is Europe Equities. IUKD.L tracks FTSE UK Dividend+ Index, while FRXD.L tracks LibertyQ European Dividend Index-NR. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.40% for IUKD.L and 0.25% for FRXD.L.
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