FCIL.NEO vs. LVHI
FCIL.NEO (Fidelity International Low Volatility ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - FCIL.NEO is a Foreign Large Cap Equities fund tracking the Fidelity Canada International Low Volatility Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, FCIL.NEO returned 8.40%/yr vs 19.11%/yr for LVHI. At a 0.32 correlation, their price movements are largely independent. FCIL.NEO charges 0.45%/yr vs 0.40%/yr for LVHI.
Performance
FCIL.NEO vs. LVHI - Performance Comparison
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Different Trading Currencies
FCIL.NEO is traded in CAD, while LVHI is traded in USD. To make them comparable, the LVHI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FCIL.NEO achieves a 4.76% return, which is significantly lower than LVHI's 13.13% return.
FCIL.NEO
- 1D
- 0.38%
- 1M
- 0.22%
- YTD
- 4.76%
- 6M
- 5.03%
- 1Y
- 10.07%
- 3Y*
- 11.98%
- 5Y*
- 8.40%
- 10Y*
- —
LVHI
- 1D
- 0.00%
- 1M
- 2.46%
- YTD
- 13.13%
- 6M
- 13.00%
- 1Y
- 32.50%
- 3Y*
- 22.47%
- 5Y*
- 19.11%
- 10Y*
- —
FCIL.NEO vs. LVHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCIL.NEO Fidelity International Low Volatility ETF | 4.76% | 19.10% | 7.89% | 11.49% | -6.83% | 7.63% | -0.78% | 11.33% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 13.63% | 21.29% | 24.68% | 14.87% | 11.24% | 17.12% | -10.30% | 9.27% |
Correlation
The correlation between FCIL.NEO and LVHI is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.32 |
Over the past year, FCIL.NEO and LVHI have become more correlated (0.54) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
FCIL.NEO vs. LVHI — Risk / Return Rank
FCIL.NEO
LVHI
FCIL.NEO vs. LVHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Low Volatility ETF (FCIL.NEO) and Franklin International Low Volatility High Dividend Index ETF (LVHI). 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.
| FCIL.NEO | LVHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.60 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 5.87 | -4.76 |
| Martin ratioReturn relative to average drawdown | 2.70 | 21.28 | -18.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCIL.NEO | LVHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 3.23 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.86 | -1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.91 | -0.39 |
Drawdowns
FCIL.NEO vs. LVHI - Drawdown Comparison
The maximum FCIL.NEO drawdown since its inception was -20.28%, smaller than the maximum LVHI drawdown of -28.44%. Use the drawdown chart below to compare losses from any high point for FCIL.NEO and LVHI.
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Drawdown Indicators
| FCIL.NEO | LVHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.28% | -28.44% | +8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.17% | -5.57% | -3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -9.17% | -12.84% | +3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.28% | -12.84% | -7.44% |
Current DrawdownCurrent decline from peak | -5.63% | -0.71% | -4.92% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -4.41% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 1.53% | +2.21% |
Volatility
FCIL.NEO vs. LVHI - Volatility Comparison
Fidelity International Low Volatility ETF (FCIL.NEO) has a higher volatility of 3.59% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.89%. This indicates that FCIL.NEO's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCIL.NEO | LVHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 2.89% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 8.03% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 10.13% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 10.33% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.61% | 12.98% | +0.63% |
FCIL.NEO vs. LVHI - Expense Ratio Comparison
FCIL.NEO has a 0.45% expense ratio, which is higher than LVHI's 0.40% expense ratio.
Dividends
FCIL.NEO vs. LVHI - Dividend Comparison
FCIL.NEO has not paid dividends to shareholders, while LVHI's dividend yield for the trailing twelve months is around 6.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCIL.NEO Fidelity International Low Volatility ETF | 0.00% | 0.00% | 0.00% | 1.94% | 2.44% | 2.53% | 3.78% | 2.15% | 0.00% | 0.00% | 0.00% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 6.10% | 4.92% | 3.98% | 8.12% | 7.74% | 4.13% | 3.97% | 6.67% | 10.67% | 3.38% | 2.02% |
Frequently Asked Questions
FCIL.NEO and LVHI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVHI is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVHI is cheaper with a 0.40% expense ratio, compared with 0.45% for FCIL.NEO.
FCIL.NEO is categorized as Foreign Large Cap Equities, while LVHI is Volatility Hedged Equity. FCIL.NEO tracks Fidelity Canada International Low Volatility Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: Fidelity and Franklin Templeton. Their fees differ too: 0.45% for FCIL.NEO and 0.40% for LVHI.
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