LDEG.L vs. FLXD.L
Compare and contrast key facts about L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) and Franklin European Quality Dividend UCITS ETF (FLXD.L).
LDEG.L and FLXD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LDEG.L is a passively managed fund by Legal & General that tracks the performance of the MSCI Europe Ex UK NR EUR. It was launched on Apr 12, 2021. FLXD.L is a passively managed fund by Franklin Templeton that tracks the performance of the MSCI Europe High Div Yld NR EUR. It was launched on Sep 6, 2017. Both LDEG.L and FLXD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LDEG.L or FLXD.L.
Key characteristics
| LDEG.L | FLXD.L | |
|---|---|---|
| YTD Return | 3.79% | 3.64% |
| 1Y Return | 11.32% | 9.82% |
| 3Y Return (Ann) | 2.85% | 6.59% |
| Sharpe Ratio | 0.45 | 0.42 |
| Sortino Ratio | 0.86 | 0.81 |
| Omega Ratio | 1.19 | 1.20 |
| Calmar Ratio | 0.81 | 0.55 |
| Martin Ratio | 1.29 | 0.85 |
| Ulcer Index | 9.01% | 11.75% |
| Daily Std Dev | 25.54% | 24.01% |
| Max Drawdown | -18.70% | -32.03% |
| Current Drawdown | -12.03% | -11.69% |
Correlation
The correlation between LDEG.L and FLXD.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LDEG.L vs. FLXD.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with LDEG.L having a 3.79% return and FLXD.L slightly lower at 3.64%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LDEG.L vs. FLXD.L - Expense Ratio Comparison
Both LDEG.L and FLXD.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%.
Risk-Adjusted Performance
LDEG.L vs. FLXD.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) and Franklin European Quality Dividend UCITS ETF (FLXD.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.
Dividends
LDEG.L vs. FLXD.L - Dividend Comparison
LDEG.L has not paid dividends to shareholders, while FLXD.L's dividend yield for the trailing twelve months is around 0.81%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLXD.L Franklin European Quality Dividend UCITS ETF | 0.81% | 5.73% | 5.89% | 5.49% | 3.90% | 1.53% | 1.09% |
Drawdowns
LDEG.L vs. FLXD.L - Drawdown Comparison
The maximum LDEG.L drawdown since its inception was -18.70%, smaller than the maximum FLXD.L drawdown of -32.03%. Use the drawdown chart below to compare losses from any high point for LDEG.L and FLXD.L. For additional features, visit the drawdowns tool.
Volatility
LDEG.L vs. FLXD.L - Volatility Comparison
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) has a higher volatility of 4.33% compared to Franklin European Quality Dividend UCITS ETF (FLXD.L) at 3.70%. This indicates that LDEG.L's price experiences larger fluctuations and is considered to be riskier than FLXD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.