LDUK.L vs. FRXD.L
LDUK.L (L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF) and FRXD.L (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - LDUK.L tracks the FTSE AllSh TR GBP while FRXD.L tracks the Franklin European Quality Dividend UCITS ETF. Both are passively managed. Over the past 5 years, LDUK.L returned 10.51%/yr vs 12.15%/yr for FRXD.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
LDUK.L vs. FRXD.L - Performance Comparison
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Different Trading Currencies
LDUK.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, LDUK.L achieves a 7.54% return, which is significantly lower than FRXD.L's 8.97% return.
LDUK.L
- 1D
- 0.53%
- 1M
- 2.13%
- 6M
- 6.58%
- YTD
- 7.54%
- 1Y
- 16.82%
- 3Y*
- 18.99%
- 5Y*
- 10.51%
- 10Y*
- —
FRXD.L
- 1D
- 0.00%
- 1M
- -2.54%
- 6M
- 8.87%
- YTD
- 8.97%
- 1Y
- 17.48%
- 3Y*
- 19.46%
- 5Y*
- 12.15%
- 10Y*
- —
LDUK.L vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF | 7.54% | 22.62% | 16.13% | 8.22% | -3.37% | 6.99% |
FRXD.L Franklin European Quality Dividend UCITS ETF | 8.97% | 30.65% | 7.63% | 8.12% | 5.16% | 4.25% |
Correlation
The correlation between LDUK.L and FRXD.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.58 |
The correlation between LDUK.L and FRXD.L shifts across timeframes, from 0.46 (3 years) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LDUK.L vs. FRXD.L — Risk / Return Rank
LDUK.L
FRXD.L
LDUK.L vs. FRXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.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.
| LDUK.L | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 4.77 | -3.32 |
| Martin ratioReturn relative to average drawdown | 5.29 | 10.85 | -5.56 |
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Drawdowns
LDUK.L vs. FRXD.L - Drawdown Comparison
The maximum LDUK.L drawdown since its inception was -17.23%, smaller than the maximum FRXD.L drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for LDUK.L and FRXD.L.
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Drawdown Indicators
| LDUK.L | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.23% | -29.39% | +12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -3.59% | -7.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -8.29% | -5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.23% | -12.18% | -5.05% |
Current DrawdownCurrent decline from peak | -0.18% | -3.41% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -3.52% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 1.58% | +1.59% |
Volatility
LDUK.L vs. FRXD.L - Volatility Comparison
L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) has a higher volatility of 3.14% compared to Franklin European Quality Dividend UCITS ETF (FRXD.L) at 2.63%. This indicates that LDUK.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
| LDUK.L | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 2.63% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 7.06% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 8.90% | +6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 11.33% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 13.38% | +1.72% |
LDUK.L vs. FRXD.L - Expense Ratio Comparison
Both LDUK.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
LDUK.L vs. FRXD.L - Dividend Comparison
LDUK.L's dividend yield for the trailing twelve months is around 4.67%, more than FRXD.L's 3.98% yield.
| 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% |
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF | 4.67% | 4.87% | 4.43% | 5.14% | 5.87% | 4.41% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDUK.L and FRXD.L have a correlation of 0.46, 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.
LDUK.L and FRXD.L have the same expense ratio: 0.25% per year.
LDUK.L tracks FTSE AllSh TR GBP, while FRXD.L tracks Franklin European Quality Dividend UCITS ETF. They also come from different issuers: Legal & General and Franklin.
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