MOGB.L vs. FLXU.L

Last updated Jun 5, 2026

MOGB.L (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and FLXU.L (Franklin LibertyQ U.S. Equity UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from VanEck and Franklin Templeton respectively. Both are passively managed. Over the past 5 years, MOGB.L returned 4.31%/yr vs 13.30%/yr for FLXU.L. Their correlation of 0.84 suggests significant overlap in exposure. MOGB.L charges 0.49%/yr vs 0.25%/yr for FLXU.L.

Performance

MOGB.L vs. FLXU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOGB.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOGB.L achieves a -2.45% return, which is significantly lower than FLXU.L's 12.19% return.

MOGB.L

• 1D: 1.16%
• 1M: 3.10%
• YTD: -2.45%
• 6M: -3.89%
• 1Y: 9.50%
• 3Y*: 5.38%
• 5Y*: 4.31%
• 10Y*: —

FLXU.L

• 1D: -0.02%
• 1M: 4.25%
• YTD: 12.19%
• 6M: 11.33%
• 1Y: 30.40%
• 3Y*: 15.71%
• 5Y*: 13.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MOGB.L vs. FLXU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOGB.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF	-2.45%	0.00%	12.94%	11.88%	-9.07%	27.24%	9.78%	29.63%	3.53%	5.85%
FLXU.L Franklin LibertyQ U.S. Equity UCITS ETF	12.19%	13.10%	12.49%	8.52%	2.19%	28.57%	5.69%	24.32%	2.24%	8.48%

Correlation

The correlation between MOGB.L and FLXU.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	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 11, 2017	0.84

Over the past year, the correlation between MOGB.L and FLXU.L has dropped to 0.46 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

MOGB.L vs. FLXU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MOGB.L

MOGB.L Risk / Return Rank: 21
MOGB.L Sharpe Ratio Rank: 22
MOGB.L Sortino Ratio Rank: 23
MOGB.L Omega Ratio Rank: 21
MOGB.L Calmar Ratio Rank: 20
MOGB.L Martin Ratio Rank: 19

FLXU.L

FLXU.L Risk / Return Rank: 86
FLXU.L Sharpe Ratio Rank: 84
FLXU.L Sortino Ratio Rank: 85
FLXU.L Omega Ratio Rank: 84
FLXU.L Calmar Ratio Rank: 89
FLXU.L Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MOGB.L vs. FLXU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOGB.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.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.

	MOGB.L	FLXU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.76	2.72	-1.96
Sortino ratio: Return per unit of downside risk	1.17	3.77	-2.59
Omega ratio: Gain probability vs. loss probability	1.14	1.50	-0.36
Calmar ratio: Return relative to maximum drawdown	0.86	5.18	-4.32
Martin ratio: Return relative to average drawdown	2.08	18.83	-16.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOGB.L vs. FLXU.L - Sharpe Ratio Comparison

The current MOGB.L Sharpe Ratio is 0.76, which is lower than the FLXU.L Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of MOGB.L and FLXU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MOGB.L	FLXU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	2.72	-1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	1.02	-0.72
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.89	-0.33

Drawdowns

MOGB.L vs. FLXU.L - Drawdown Comparison

The maximum MOGB.L drawdown since its inception was -24.07%, roughly equal to the maximum FLXU.L drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for MOGB.L and FLXU.L.

Drawdown Indicators

	MOGB.L	FLXU.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.07%	-24.72%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-5.90%	-5.11%
Max Drawdown (3Y) Largest decline over 3 years	-22.73%	-20.13%	-2.60%
Max Drawdown (5Y) Largest decline over 5 years	-22.73%	-20.13%	-2.60%
Current Drawdown Current decline from peak	-6.72%	-0.02%	-6.70%
Average Drawdown Average peak-to-trough decline	-4.79%	-3.01%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	1.63%	+2.91%

Volatility

MOGB.L vs. FLXU.L - Volatility Comparison

The current volatility for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOGB.L) is 3.24%, while Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.L) has a volatility of 3.47%. This indicates that MOGB.L experiences smaller price fluctuations and is considered to be less risky than FLXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOGB.L	FLXU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	3.47%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	8.19%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	11.24%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	13.07%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	14.93%	+1.27%

MOGB.L vs. FLXU.L - Expense Ratio Comparison

MOGB.L has a 0.49% expense ratio, which is higher than FLXU.L's 0.25% expense ratio.

Dividends

MOGB.L vs. FLXU.L - Dividend Comparison

Neither MOGB.L nor FLXU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MOGB.L and FLXU.L in my portfolio?

MOGB.L and FLXU.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.

Which ETF is better, MOGB.L or FLXU.L?

On fees, FLXU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MOGB.L or FLXU.L?

FLXU.L is cheaper with a 0.25% expense ratio, compared with 0.49% for MOGB.L.

What is the main difference between MOGB.L and FLXU.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: VanEck and Franklin Templeton. Their fees differ too: 0.49% for MOGB.L and 0.25% for FLXU.L.