CWIN.TO vs. FLVC.NEO

Last updated Aug 1, 2026

CWIN.TO (HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units) and FLVC.NEO (Franklin Canadian Low Volatility High Dividend Index ETF) are both exchange-traded funds - CWIN.TO is a Dividend fund tracking the Solactive Canada Dividend Elite Champions Index, while FLVC.NEO is a Canada Equities fund tracking the Franklin Canadian Low Volatility High Dividend Index. Both are passively managed. Over the past year, CWIN.TO returned 40.70% vs 36.38% for FLVC.NEO. Their 0.47 correlation means their historical movements had little consistent relationship. CWIN.TO charges 0.65%/yr vs 0.15%/yr for FLVC.NEO.

Performance

CWIN.TO vs. FLVC.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CWIN.TO having a 21.87% return and FLVC.NEO slightly lower at 21.78%.

CWIN.TO

• 1D: -0.33%
• 1M: 1.25%
• 6M: 19.54%
• YTD: 21.87%
• 1Y: 40.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.82%

FLVC.NEO

• 1D: 0.33%
• 1M: 3.35%
• 6M: 23.34%
• YTD: 21.78%
• 1Y: 36.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units	CA$14.83K	CA$14.75K	CA$24.96K
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	CA$134.83K	CA$145.15K	CA$488.47K

CWIN.TO vs. FLVC.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units	21.87%	24.29%
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	21.78%	20.67%

Correlation

The correlation between CWIN.TO and FLVC.NEO is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (All Time) Calculated using the full available price history since Jan 28, 2025	0.47

The correlation between CWIN.TO and FLVC.NEO has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.

Return for Risk

CWIN.TO vs. FLVC.NEO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CWIN.TO

CWIN.TO Risk / Return Rank: 95
CWIN.TO Sharpe Ratio Rank: 96
CWIN.TO Sortino Ratio Rank: 95
CWIN.TO Omega Ratio Rank: 96
CWIN.TO Calmar Ratio Rank: 95
CWIN.TO Martin Ratio Rank: 95

FLVC.NEO

FLVC.NEO Risk / Return Rank: 98
FLVC.NEO Sharpe Ratio Rank: 99
FLVC.NEO Sortino Ratio Rank: 98
FLVC.NEO Omega Ratio Rank: 98
FLVC.NEO Calmar Ratio Rank: 98
FLVC.NEO Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CWIN.TO vs. FLVC.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO). 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.

	CWIN.TO	FLVC.NEO	Difference
Sharpe ratio: Return per unit of total volatility	3.10	5.06	-1.96
Sortino ratio: Return per unit of downside risk	4.12	7.66	-3.55
Omega ratio: Gain probability vs. loss probability	1.58	2.02	-0.43
Calmar ratio: Return relative to maximum drawdown	5.42	12.45	-7.04
Martin ratio: Return relative to average drawdown	20.02	55.03	-35.02

CWIN.TO vs. FLVC.NEO - Sharpe Ratio Comparison

The current CWIN.TO Sharpe Ratio is 3.10, which is lower than the FLVC.NEO Sharpe Ratio of 5.06. The chart below compares the historical Sharpe Ratios of CWIN.TO and FLVC.NEO, 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

CWIN.TO vs. FLVC.NEO - Drawdown Comparison

The maximum CWIN.TO drawdown since its inception was -10.87%, which is greater than FLVC.NEO's maximum drawdown of -7.89%. Use the drawdown chart below to compare losses from any high point for CWIN.TO and FLVC.NEO.

Drawdown Indicators

	CWIN.TO	FLVC.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-10.87%	-7.89%	-2.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-3.21%	-3.94%
Current Drawdown Current decline from peak	-2.14%	-0.50%	-1.64%
Average Drawdown Average peak-to-trough decline	-1.32%	-0.80%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	0.71%	+1.22%

Volatility

CWIN.TO vs. FLVC.NEO - Volatility Comparison

The current volatility for HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) is 2.60%, while Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) has a volatility of 2.84%. This indicates that CWIN.TO experiences smaller price fluctuations and is considered to be less risky than FLVC.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWIN.TO	FLVC.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	2.84%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	5.74%	+3.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.53%	7.91%	+4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	11.38%	+2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	11.38%	+2.25%

CWIN.TO vs. FLVC.NEO - Expense Ratio Comparison

CWIN.TO has a 0.65% expense ratio, which is higher than FLVC.NEO's 0.15% expense ratio.

Dividends

CWIN.TO vs. FLVC.NEO - Dividend Comparison

CWIN.TO's dividend yield for the trailing twelve months is around 3.13%, less than FLVC.NEO's 4.70% yield.

Position	TTM	2025	2024
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units	3.13%	3.21%	0.00%
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	4.70%	4.96%	0.95%

Frequently Asked Questions

Can I hold both CWIN.TO and FLVC.NEO in my portfolio?

CWIN.TO and FLVC.NEO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWIN.TO or FLVC.NEO?

On fees, FLVC.NEO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CWIN.TO or FLVC.NEO?

FLVC.NEO is cheaper with a 0.15% expense ratio, compared with 0.65% for CWIN.TO.

What is the main difference between CWIN.TO and FLVC.NEO?

CWIN.TO is categorized as Dividend, while FLVC.NEO is Canada Equities. CWIN.TO tracks Solactive Canada Dividend Elite Champions Index, while FLVC.NEO tracks Franklin Canadian Low Volatility High Dividend Index. They also come from different issuers: Hamilton and Franklin Templeton. Their fees differ too: 0.65% for CWIN.TO and 0.15% for FLVC.NEO.