APIE vs. IFLO

Last updated Jul 17, 2026

APIE (ActivePassive International Equity ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, APIE returned 20.97% vs 33.19% for IFLO. A 0.77 correlation means they provide meaningful diversification when combined. APIE charges 0.45%/yr vs 0.56%/yr for IFLO.

Performance

APIE vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive International Equity ETF (APIE) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APIE achieves a 8.39% return, which is significantly lower than IFLO's 18.60% return.

APIE

• 1D: -0.63%
• 1M: -0.54%
• 6M: 3.69%
• YTD: 8.39%
• 1Y: 20.97%
• 3Y*: 16.55%
• 5Y*: —
• 10Y*: —

IFLO

• 1D: -0.26%
• 1M: -1.46%
• 6M: 15.69%
• YTD: 18.60%
• 1Y: 33.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APIE vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
APIE ActivePassive International Equity ETF	8.39%	13.73%
IFLO VictoryShares International Free Cash Flow ETF	18.60%	13.12%

Correlation

The correlation between APIE and IFLO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.77

The correlation between APIE and IFLO has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.

APIE vs. IFLO - Sectors Allocation Comparison

Sectors	APIE	IFLO
Technology	22.8%	21.5%
Financial Services	20.1%	1.1%
Industrials	14.7%	18.1%
Healthcare	9.4%	11.7%
Consumer Cyclical	8.7%	13.8%
Consumer Defensive	6.7%	2.8%
Communication Services	5.9%	6.7%
Basic Materials	4.9%	11.3%
Energy	2.5%	12.1%
Utilities	2.1%	1.0%
Real Estate	0.4%	0.0%

Return for Risk

APIE vs. IFLO — Risk / Return Rank

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

APIE

APIE Risk / Return Rank: 43
APIE Sharpe Ratio Rank: 43
APIE Sortino Ratio Rank: 43
APIE Omega Ratio Rank: 41
APIE Calmar Ratio Rank: 41
APIE Martin Ratio Rank: 47

IFLO

IFLO Risk / Return Rank: 90
IFLO Sharpe Ratio Rank: 88
IFLO Sortino Ratio Rank: 89
IFLO Omega Ratio Rank: 86
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 92

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.

APIE vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive International Equity ETF (APIE) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	APIE	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.26	2.29	-1.03
Sortino ratio: Return per unit of downside risk	1.83	3.33	-1.50
Omega ratio: Gain probability vs. loss probability	1.22	1.41	-0.19
Calmar ratio: Return relative to maximum drawdown	1.70	5.18	-3.48
Martin ratio: Return relative to average drawdown	6.18	17.40	-11.22

APIE vs. IFLO - Sharpe Ratio Comparison

The current APIE Sharpe Ratio is 1.26, which is lower than the IFLO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of APIE and IFLO, 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

APIE vs. IFLO - Drawdown Comparison

The maximum APIE drawdown since its inception was -15.94%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for APIE and IFLO.

Drawdown Indicators

	APIE	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-15.94%	-6.44%	-9.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-6.44%	-5.97%
Max Drawdown (3Y) Largest decline over 3 years	-15.94%	—	—
Current Drawdown Current decline from peak	-1.56%	-1.99%	+0.43%
Average Drawdown Average peak-to-trough decline	-2.71%	-1.29%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	1.91%	+1.49%

Volatility

APIE vs. IFLO - Volatility Comparison

ActivePassive International Equity ETF (APIE) has a higher volatility of 4.30% compared to VictoryShares International Free Cash Flow ETF (IFLO) at 3.21%. This indicates that APIE's price experiences larger fluctuations and is considered to be riskier than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APIE	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	3.21%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	12.02%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	14.56%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	14.53%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	14.53%	+2.38%

APIE vs. IFLO - Expense Ratio Comparison

APIE has a 0.45% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

APIE vs. IFLO - Dividend Comparison

APIE's dividend yield for the trailing twelve months is around 3.43%, more than IFLO's 1.57% yield.

Position	TTM	2025	2024	2023
APIE ActivePassive International Equity ETF	3.43%	3.71%	2.14%	0.63%
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APIE and IFLO in my portfolio?

APIE and IFLO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APIE or IFLO?

APIE has higher volatility (4.30%) compared to IFLO (3.21%). In terms of maximum drawdown, APIE dropped -15.94% vs IFLO's -6.44%.

Which ETF is better, APIE or IFLO?

On 1-year performance, IFLO leads with 33.19% vs 20.97% for APIE. On fees, APIE is cheaper at 0.45% per year. On volatility, IFLO has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APIE or IFLO?

Over the 1-year period, IFLO has performed better with a 33.19% return vs 20.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APIE or IFLO?

APIE is cheaper with a 0.45% expense ratio, compared with 0.56% for IFLO.

Which ETF pays a higher dividend yield, APIE or IFLO?

APIE has the higher dividend yield at 3.43%, compared with 1.57% for IFLO.

What is the main difference between APIE and IFLO?

They also come from different issuers: ActivePassive and VictoryShares. Their fees differ too: 0.45% for APIE and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.29 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.