XDUS.L vs. FLXU.L

Last updated Jul 16, 2026

XDUS.L (Xtrackers MSCI USA UCITS ETF 1C) and FLXU.L (Franklin LibertyQ U.S. Equity UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from Xtrackers and Franklin Templeton respectively. Both are passively managed. Over the past 5 years, XDUS.L returned 13.07%/yr vs 12.27%/yr for FLXU.L. Their correlation of 0.87 suggests significant overlap in exposure. XDUS.L charges 0.07%/yr vs 0.25%/yr for FLXU.L.

Performance

XDUS.L vs. FLXU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI USA UCITS ETF 1C (XDUS.L) and Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDUS.L is traded in GBp, while FLXU.L is traded in GBP. To make them comparable, the FLXU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDUS.L achieves a 9.94% return, which is significantly lower than FLXU.L's 12.64% return.

XDUS.L

• 1D: -0.53%
• 1M: -0.23%
• 6M: 9.44%
• YTD: 9.94%
• 1Y: 20.56%
• 3Y*: 19.01%
• 5Y*: 13.07%
• 10Y*: 14.67%

FLXU.L

• 1D: 0.09%
• 1M: -0.23%
• 6M: 11.65%
• YTD: 12.64%
• 1Y: 23.72%
• 3Y*: 16.12%
• 5Y*: 12.27%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDUS.L Xtrackers MSCI USA UCITS ETF 1C	9.94%	9.21%	27.38%	20.65%	-10.42%	28.96%	16.52%	26.57%	-0.19%	6.58%
FLXU.L Franklin LibertyQ U.S. Equity UCITS ETF	12.64%	13.11%	12.50%	8.51%	2.19%	28.57%	5.69%	24.32%	1.87%	8.87%

Correlation

The correlation between XDUS.L and FLXU.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017	0.87

The correlation between XDUS.L and FLXU.L has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

XDUS.L vs. FLXU.L - Sectors Allocation Comparison

Sectors	XDUS.L	FLXU.L
Technology	38.9%	37.0%
Financial Services	10.9%	9.6%
Communication Services	10.7%	11.7%
Consumer Cyclical	9.9%	11.3%
Healthcare	8.4%	10.1%
Industrials	8.1%	9.5%
Consumer Defensive	4.4%	4.1%
Energy	3.2%	0.9%
Utilities	2.0%	1.4%
Real Estate	1.8%	2.7%
Basic Materials	1.7%	1.7%

Return for Risk

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

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

XDUS.L

XDUS.L Risk / Return Rank: 68
XDUS.L Sharpe Ratio Rank: 69
XDUS.L Sortino Ratio Rank: 67
XDUS.L Omega Ratio Rank: 69
XDUS.L Calmar Ratio Rank: 67
XDUS.L Martin Ratio Rank: 66

FLXU.L

FLXU.L Risk / Return Rank: 85
FLXU.L Sharpe Ratio Rank: 83
FLXU.L Sortino Ratio Rank: 82
FLXU.L Omega Ratio Rank: 80
FLXU.L Calmar Ratio Rank: 90
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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA UCITS ETF 1C (XDUS.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.

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.

	XDUS.L	FLXU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.10	-0.29
Sortino ratio: Return per unit of downside risk	2.49	2.95	-0.45
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.73	4.28	-1.55
Martin ratio: Return relative to average drawdown	9.47	14.96	-5.49

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

The current XDUS.L Sharpe Ratio is 1.82, which is comparable to the FLXU.L Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of XDUS.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.

Drawdowns

XDUS.L vs. FLXU.L - Drawdown Comparison

The maximum XDUS.L drawdown since its inception was -25.82%, roughly equal to the maximum FLXU.L drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for XDUS.L and FLXU.L.

Drawdown Indicators

	XDUS.L	FLXU.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.82%	-24.72%	-1.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.50%	-5.90%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-21.51%	-20.13%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	-20.13%	-1.38%
Max Drawdown (10Y) Largest decline over 10 years	-25.82%	—	—
Current Drawdown Current decline from peak	-1.01%	-1.33%	+0.32%
Average Drawdown Average peak-to-trough decline	-3.49%	-2.79%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.69%	+0.48%

Volatility

XDUS.L vs. FLXU.L - Volatility Comparison

The current volatility for Xtrackers MSCI USA UCITS ETF 1C (XDUS.L) is 3.12%, while Franklin LibertyQ U.S. Equity UCITS ETF (FLXU.L) has a volatility of 4.01%. This indicates that XDUS.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

	XDUS.L	FLXU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	4.01%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	8.04%	9.13%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	12.03%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	13.19%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.62%	14.88%	+0.74%

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

XDUS.L has a 0.07% expense ratio, which is lower than FLXU.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

XDUS.L vs. FLXU.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.93, XDUS.L and FLXU.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

On fees, XDUS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XDUS.L is cheaper with a 0.07% expense ratio, compared with 0.25% for FLXU.L.

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

Both ETFs track Russell 1000 TR USD. They also come from different issuers: Xtrackers and Franklin Templeton. Their fees differ too: 0.07% for XDUS.L and 0.25% for FLXU.L.