ESGB.TO vs. FLCI.TO
ESGB.TO (BMO ESG Corporate Bond Index ETF) and FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) are both Corporate Bonds funds. Over the past 5 years, ESGB.TO returned 2.22%/yr vs 2.58%/yr for FLCI.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
ESGB.TO vs. FLCI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGB.TO achieves a 2.00% return, which is significantly lower than FLCI.TO's 2.41% return.
ESGB.TO
- 1D
- -0.64%
- 1M
- 0.33%
- YTD
- 2.00%
- 6M
- 1.89%
- 1Y
- 4.32%
- 3Y*
- 6.14%
- 5Y*
- 2.22%
- 10Y*
- —
FLCI.TO
- 1D
- 0.45%
- 1M
- 0.67%
- YTD
- 2.41%
- 6M
- 2.69%
- 1Y
- 4.98%
- 3Y*
- 7.10%
- 5Y*
- 2.58%
- 10Y*
- —
ESGB.TO vs. FLCI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 2.00% | 4.18% | 6.92% | 7.89% | -9.31% | -2.24% | 6.85% |
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 2.41% | 4.88% | 8.03% | 8.31% | -10.13% | -1.62% | 7.36% |
Correlation
The correlation between ESGB.TO and FLCI.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2020 | 0.33 |
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Return for Risk
ESGB.TO vs. FLCI.TO — Risk / Return Rank
ESGB.TO
FLCI.TO
ESGB.TO vs. FLCI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO ESG Corporate Bond Index ETF (ESGB.TO) and Franklin Canadian Corporate Bond Fund ETF (FLCI.TO). 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.
| ESGB.TO | FLCI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.20 | -0.44 |
| Martin ratioReturn relative to average drawdown | 5.17 | 6.20 | -1.03 |
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Drawdowns
ESGB.TO vs. FLCI.TO - Drawdown Comparison
The maximum ESGB.TO drawdown since its inception was -15.18%, smaller than the maximum FLCI.TO drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for ESGB.TO and FLCI.TO.
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Drawdown Indicators
| ESGB.TO | FLCI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -17.51% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.27% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | -3.31% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -13.96% | -14.63% | +0.67% |
Current DrawdownCurrent decline from peak | -0.64% | 0.00% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -3.30% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.82% | +0.02% |
Volatility
ESGB.TO vs. FLCI.TO - Volatility Comparison
BMO ESG Corporate Bond Index ETF (ESGB.TO) has a higher volatility of 1.55% compared to Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) at 1.31%. This indicates that ESGB.TO's price experiences larger fluctuations and is considered to be riskier than FLCI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGB.TO | FLCI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.31% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.99% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.97% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 5.64% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 6.47% | -0.48% |
Dividends
ESGB.TO vs. FLCI.TO - Dividend Comparison
ESGB.TO's dividend yield for the trailing twelve months is around 3.99%, less than FLCI.TO's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 3.99% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% | 0.00% | 0.00% | 0.00% |
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 4.41% | 4.26% | 4.41% | 4.09% | 4.95% | 3.07% | 2.99% | 3.68% | 3.87% | 0.84% |
Frequently Asked Questions
ESGB.TO and FLCI.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Franklin.
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