SXRJ.DE vs. FLXD.DE
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - SXRJ.DE tracks the MSCI EMU Small Cap while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, SXRJ.DE returned 6.53%/yr vs 12.10%/yr for FLXD.DE. A 0.71 correlation means they provide meaningful diversification when combined. SXRJ.DE charges 0.58%/yr vs 0.25%/yr for FLXD.DE.
Performance
SXRJ.DE vs. FLXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRJ.DE achieves a 10.87% return, which is significantly higher than FLXD.DE's 10.13% return.
SXRJ.DE
- 1D
- 0.05%
- 1M
- 0.91%
- YTD
- 10.87%
- 6M
- 13.36%
- 1Y
- 16.78%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
FLXD.DE
- 1D
- 0.23%
- 1M
- -0.76%
- YTD
- 10.13%
- 6M
- 13.48%
- 1Y
- 16.10%
- 3Y*
- 17.99%
- 5Y*
- 12.10%
- 10Y*
- —
SXRJ.DE vs. FLXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 5.26% | 29.83% | -17.96% | 6.07% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 10.13% | 24.53% | 12.30% | 10.31% | -0.48% | 16.07% | -3.54% | 23.52% | -7.81% | 0.44% |
Correlation
The correlation between SXRJ.DE and FLXD.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2017 | 0.71 |
Over the past year, the correlation between SXRJ.DE and FLXD.DE has dropped to 0.47 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
SXRJ.DE vs. FLXD.DE — Risk / Return Rank
SXRJ.DE
FLXD.DE
SXRJ.DE vs. FLXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) and Franklin European Quality Dividend UCITS ETF (FLXD.DE). 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.
| SXRJ.DE | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 4.09 | -2.50 |
| Martin ratioReturn relative to average drawdown | 5.95 | 11.21 | -5.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SXRJ.DE | FLXD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.89 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 1.03 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.65 | -0.06 |
Drawdowns
SXRJ.DE vs. FLXD.DE - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, which is greater than FLXD.DE's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and FLXD.DE.
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Drawdown Indicators
| SXRJ.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -35.10% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -4.02% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -10.07% | -5.66% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -14.19% | -15.24% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | — | — |
Current DrawdownCurrent decline from peak | -1.35% | -3.80% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -3.88% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.47% | +1.40% |
Volatility
SXRJ.DE vs. FLXD.DE - Volatility Comparison
iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) has a higher volatility of 4.04% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 3.50%. This indicates that SXRJ.DE's price experiences larger fluctuations and is considered to be riskier than FLXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRJ.DE | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.50% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 7.02% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 8.70% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 11.66% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 14.11% | +2.17% |
SXRJ.DE vs. FLXD.DE - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is higher than FLXD.DE's 0.25% expense ratio.
Dividends
SXRJ.DE vs. FLXD.DE - Dividend Comparison
SXRJ.DE has not paid dividends to shareholders, while FLXD.DE's dividend yield for the trailing twelve months is around 3.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLXD.DE Franklin European Quality Dividend UCITS ETF | 3.78% | 4.28% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% |
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SXRJ.DE and FLXD.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXD.DE is cheaper with a 0.25% expense ratio, compared with 0.58% for SXRJ.DE.
SXRJ.DE tracks MSCI EMU Small Cap, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.58% for SXRJ.DE and 0.25% for FLXD.DE.
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