UC96.L vs. FRXD.L
UC96.L (UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis) and FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) are both exchange-traded funds - UC96.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while FRXD.L is a Europe Equities fund tracking the LibertyQ European Dividend Index-NR. Both are passively managed. Over the past 5 years, UC96.L returned 9.14%/yr vs 12.37%/yr for FRXD.L. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
UC96.L vs. FRXD.L - Performance Comparison
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Different Trading Currencies
UC96.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, UC96.L achieves a 7.45% return, which is significantly lower than FRXD.L's 10.07% return.
UC96.L
- 1D
- 0.21%
- 1M
- -1.53%
- 6M
- 4.08%
- YTD
- 7.45%
- 1Y
- 16.72%
- 3Y*
- 10.32%
- 5Y*
- 9.14%
- 10Y*
- 11.23%
FRXD.L
- 1D
- 0.92%
- 1M
- -1.48%
- 6M
- 9.59%
- YTD
- 10.07%
- 1Y
- 18.37%
- 3Y*
- 18.84%
- 5Y*
- 12.37%
- 10Y*
- —
UC96.L vs. FRXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis | 7.45% | 4.85% | 9.71% | 9.45% | 3.22% | 31.64% | 3.36% | 21.68% | -0.82% | 8.89% |
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 10.07% | 30.65% | 7.63% | 8.12% | 5.16% | 10.32% | 1.12% | 17.41% | -8.42% | -3.16% |
Correlation
The correlation between UC96.L and FRXD.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.51 |
The correlation between UC96.L and FRXD.L shifts across timeframes, from 0.31 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UC96.L vs. FRXD.L — Risk / Return Rank
UC96.L
FRXD.L
UC96.L vs. FRXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) 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.
| UC96.L | FRXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 5.09 | -2.67 |
| Martin ratioReturn relative to average drawdown | 7.81 | 11.52 | -3.71 |
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Drawdowns
UC96.L vs. FRXD.L - Drawdown Comparison
The maximum UC96.L drawdown since its inception was -26.78%, smaller than the maximum FRXD.L drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for UC96.L and FRXD.L.
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Drawdown Indicators
| UC96.L | FRXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -29.39% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -3.59% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -8.29% | -10.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.90% | -12.18% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -26.78% | — | — |
Current DrawdownCurrent decline from peak | -3.26% | -2.43% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -3.52% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.59% | +0.55% |
Volatility
UC96.L vs. FRXD.L - Volatility Comparison
UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) has a higher volatility of 3.52% compared to Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) at 2.73%. This indicates that UC96.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
| UC96.L | FRXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 2.73% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 7.14% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 8.95% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 11.34% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 13.38% | +2.33% |
UC96.L vs. FRXD.L - Expense Ratio Comparison
Both UC96.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
UC96.L vs. FRXD.L - Dividend Comparison
UC96.L's dividend yield for the trailing twelve months is around 1.15%, less than FRXD.L's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist) | 3.91% | 4.28% | 4.30% | 5.00% | 5.20% | 4.63% | 3.53% | 4.42% | 5.53% | 0.00% | 0.00% |
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis | 1.15% | 1.21% | 0.69% | 1.53% | 1.53% | 1.62% | 1.84% | 1.39% | 1.86% | 1.58% | 1.34% |
Frequently Asked Questions
UC96.L and FRXD.L have a correlation of 0.31, 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.
UC96.L and FRXD.L have the same expense ratio: 0.25% per year.
UC96.L is categorized as Large Cap Value Equities, while FRXD.L is Europe Equities. UC96.L tracks Russell 1000 Value TR USD, while FRXD.L tracks LibertyQ European Dividend Index-NR. They also come from different issuers: UBS and Franklin.
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