SPDG vs. FRXD.L
SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) and FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) are both exchange-traded funds - SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index, while FRXD.L is a Europe Equities fund tracking the LibertyQ European Dividend Index-NR. Both are passively managed. Over the past year, SPDG returned 21.72% vs 17.89% for FRXD.L. At a 0.29 correlation, their price movements are largely independent. SPDG charges 0.05%/yr vs 0.25%/yr for FRXD.L.
Performance
SPDG vs. FRXD.L - Performance Comparison
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Different Trading Currencies
SPDG 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, SPDG achieves a 14.08% return, which is significantly higher than FRXD.L's 9.13% return.
SPDG
- 1D
- 0.88%
- 1M
- -1.65%
- 6M
- 9.84%
- YTD
- 14.08%
- 1Y
- 21.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRXD.L
- 1D
- -0.17%
- 1M
- -1.98%
- 6M
- 9.57%
- YTD
- 9.13%
- 1Y
- 17.89%
- 3Y*
- 20.73%
- 5Y*
- 11.70%
- 10Y*
- —
SPDG vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 14.08% | 11.66% | 20.22% | 8.09% |
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 9.13% | 40.67% | 5.78% | 8.10% |
Correlation
The correlation between SPDG and FRXD.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023 | 0.29 |
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Return for Risk
SPDG vs. FRXD.L — Risk / Return Rank
SPDG
FRXD.L
SPDG vs. FRXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) 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.
| SPDG | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.75 | -1.13 |
| Martin ratioReturn relative to average drawdown | 8.64 | 8.52 | +0.12 |
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Drawdowns
SPDG vs. FRXD.L - Drawdown Comparison
The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum FRXD.L drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for SPDG and FRXD.L.
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Drawdown Indicators
| SPDG | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -36.94% | +21.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -4.75% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.28% | — |
Current DrawdownCurrent decline from peak | -2.90% | -2.95% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -6.09% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.10% | +0.42% |
Volatility
SPDG vs. FRXD.L - Volatility Comparison
SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a higher volatility of 3.52% compared to Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) at 3.06%. This indicates that SPDG'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
| SPDG | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 3.06% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 8.55% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 10.96% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 14.46% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.14% | 15.62% | -1.48% |
SPDG vs. FRXD.L - Expense Ratio Comparison
SPDG has a 0.05% expense ratio, which is lower than FRXD.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPDG vs. FRXD.L - Dividend Comparison
SPDG's dividend yield for the trailing twelve months is around 2.72%, less than FRXD.L's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 3.95% | 4.28% | 4.30% | 5.00% | 5.20% | 4.63% | 3.53% | 4.42% | 5.53% |
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.72% | 2.87% | 2.61% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPDG and FRXD.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPDG is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPDG is cheaper with a 0.05% expense ratio, compared with 0.25% for FRXD.L.
SPDG is categorized as Dividend, while FRXD.L is Europe Equities. SPDG tracks S&P Sector-Neutral High Yield Dividend Aristocrats Index, while FRXD.L tracks LibertyQ European Dividend Index-NR. They also come from different issuers: State Street and Franklin. Their fees differ too: 0.05% for SPDG and 0.25% for FRXD.L.
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