XXSC.L vs. FRXD.L

Last updated Jul 21, 2026

XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and FRXD.L (Franklin European Quality Dividend UCITS ETF EUR (Dist)) are both Europe Equities funds - XXSC.L tracks the MSCI Europe Small Cap NR EUR while FRXD.L tracks the LibertyQ European Dividend Index-NR. Both are passively managed. Over the past 5 years, XXSC.L returned 3.97%/yr vs 12.22%/yr for FRXD.L. A 0.66 correlation means they provide meaningful diversification when combined. XXSC.L charges 0.30%/yr vs 0.25%/yr for FRXD.L.

Performance

XXSC.L vs. FRXD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XXSC.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, XXSC.L achieves a 4.57% return, which is significantly lower than FRXD.L's 9.34% return.

XXSC.L

• 1D: -0.41%
• 1M: -1.23%
• 6M: 2.55%
• YTD: 4.57%
• 1Y: 8.16%
• 3Y*: 10.65%
• 5Y*: 3.97%
• 10Y*: 7.99%
• ALL TIME*: 4.76%

FRXD.L

• 1D: -0.66%
• 1M: -1.03%
• 6M: 9.07%
• YTD: 9.34%
• 1Y: 17.05%
• 3Y*: 17.44%
• 5Y*: 12.22%
• 10Y*: —
• ALL TIME*: 8.32%

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

XXSC.L vs. FRXD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	4.57%	22.28%	0.76%	10.44%	-17.50%	15.39%	10.55%	24.37%	-14.57%	3.10%
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist)	9.34%	30.65%	7.63%	8.12%	5.16%	10.32%	1.12%	17.41%	-8.42%	-3.16%

Correlation

The correlation between XXSC.L and FRXD.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	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017	0.66

Over the past year, the correlation between XXSC.L and FRXD.L has dropped to 0.46 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

XXSC.L vs. FRXD.L - Sectors Allocation Comparison

Sectors	XXSC.L	FRXD.L
Industrials	26.8%	7.1%
Financial Services	15.2%	43.0%
Consumer Cyclical	11.3%	1.2%
Technology	8.3%	0.8%
Real Estate	8.1%	4.6%
Healthcare	7.5%	9.4%
Basic Materials	7.4%	6.3%
Communication Services	5.0%	14.6%
Energy	4.7%	8.4%
Consumer Defensive	3.4%	3.8%
Utilities	2.4%	0.7%

Return for Risk

XXSC.L vs. FRXD.L — Risk / Return Rank

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

XXSC.L

XXSC.L Risk / Return Rank: 24
XXSC.L Sharpe Ratio Rank: 24
XXSC.L Sortino Ratio Rank: 23
XXSC.L Omega Ratio Rank: 23
XXSC.L Calmar Ratio Rank: 23
XXSC.L Martin Ratio Rank: 26

FRXD.L

FRXD.L Risk / Return Rank: 89
FRXD.L Sharpe Ratio Rank: 88
FRXD.L Sortino Ratio Rank: 89
FRXD.L Omega Ratio Rank: 87
FRXD.L Calmar Ratio Rank: 95
FRXD.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.

XXSC.L vs. FRXD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.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.

	XXSC.L	FRXD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.89	-1.25
Sortino ratio: Return per unit of downside risk	0.98	2.71	-1.73
Omega ratio: Gain probability vs. loss probability	1.12	1.33	-0.21
Calmar ratio: Return relative to maximum drawdown	0.75	4.73	-3.97
Martin ratio: Return relative to average drawdown	2.57	10.61	-8.04

XXSC.L vs. FRXD.L - Sharpe Ratio Comparison

The current XXSC.L Sharpe Ratio is 0.64, which is lower than the FRXD.L Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XXSC.L and FRXD.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

XXSC.L vs. FRXD.L - Drawdown Comparison

The maximum XXSC.L drawdown since its inception was -74.17%, which is greater than FRXD.L's maximum drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for XXSC.L and FRXD.L.

Drawdown Indicators

	XXSC.L	FRXD.L	Difference
Max Drawdown Largest peak-to-trough decline	-74.17%	-29.39%	-44.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-3.59%	-7.20%
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	-8.29%	-10.81%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-12.18%	-18.56%
Max Drawdown (10Y) Largest decline over 10 years	-35.75%	—	—
Current Drawdown Current decline from peak	-3.17%	-3.08%	-0.09%
Average Drawdown Average peak-to-trough decline	-20.56%	-3.52%	-17.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	1.60%	+1.56%

Volatility

XXSC.L vs. FRXD.L - Volatility Comparison

Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) has a higher volatility of 3.38% compared to Franklin European Quality Dividend UCITS ETF EUR (Dist) (FRXD.L) at 2.81%. This indicates that XXSC.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.

Volatility by Period

	XXSC.L	FRXD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	2.81%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	7.17%	+3.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	8.99%	+3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.53%	11.32%	+9.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	13.38%	+4.81%

XXSC.L vs. FRXD.L - Expense Ratio Comparison

XXSC.L has a 0.30% expense ratio, which is higher than FRXD.L's 0.25% expense ratio.

Dividends

XXSC.L vs. FRXD.L - Dividend Comparison

XXSC.L has not paid dividends to shareholders, while FRXD.L's dividend yield for the trailing twelve months is around 3.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FRXD.L Franklin European Quality Dividend UCITS ETF EUR (Dist)	3.94%	4.28%	4.30%	5.00%	5.20%	4.63%	3.53%	4.42%	5.53%
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XXSC.L and FRXD.L in my portfolio?

XXSC.L and FRXD.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, XXSC.L or FRXD.L?

On fees, FRXD.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, XXSC.L or FRXD.L?

FRXD.L is cheaper with a 0.25% expense ratio, compared with 0.30% for XXSC.L.

What is the main difference between XXSC.L and FRXD.L?

XXSC.L tracks MSCI Europe Small Cap NR EUR, while FRXD.L tracks LibertyQ European Dividend Index-NR. They also come from different issuers: DWS and Franklin. Their fees differ too: 0.30% for XXSC.L and 0.25% for FRXD.L.