FCRI.TO vs. VI.TO

Last updated Aug 4, 2026

FCRI.TO (Franklin International Core Equity Fund ETF Series) and VI.TO (Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)) are both Foreign Large Cap Equities funds. FCRI.TO is actively managed, while VI.TO is passively managed. Over the past year, FCRI.TO returned 27.69% vs 30.77% for VI.TO. Their 0.43 correlation means their historical movements had little consistent relationship. FCRI.TO charges 0.11%/yr vs 0.22%/yr for VI.TO.

Performance

FCRI.TO vs. VI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Franklin International Core Equity Fund ETF Series (FCRI.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCRI.TO achieves a 12.24% return, which is significantly lower than VI.TO's 15.11% return.

FCRI.TO

• 1D: -0.23%
• 1M: -0.51%
• 6M: 11.02%
• YTD: 12.24%
• 1Y: 27.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.68%

VI.TO

• 1D: -0.31%
• 1M: -3.47%
• 6M: 8.63%
• YTD: 15.11%
• 1Y: 30.77%
• 3Y*: 17.81%
• 5Y*: 12.59%
• 10Y*: 11.39%
• ALL TIME*: 10.39%

*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)
FCRI.TO Franklin International Core Equity Fund ETF Series	CA$80.15K	CA$123.25K	CA$86.85K
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	CA$1.01M	CA$1.68M	CA$1.60M

FCRI.TO vs. VI.TO - Yearly Performance Comparison

	2026 (YTD)	2025
FCRI.TO Franklin International Core Equity Fund ETF Series	12.24%	15.58%
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	15.11%	13.57%

Correlation

The correlation between FCRI.TO and VI.TO is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025	0.43

Return for Risk

FCRI.TO vs. VI.TO — Risk / Return Rank

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

FCRI.TO

FCRI.TO Risk / Return Rank: 81
FCRI.TO Sharpe Ratio Rank: 79
FCRI.TO Sortino Ratio Rank: 91
FCRI.TO Omega Ratio Rank: 97
FCRI.TO Calmar Ratio Rank: 64
FCRI.TO Martin Ratio Rank: 73

VI.TO

VI.TO Risk / Return Rank: 80
VI.TO Sharpe Ratio Rank: 80
VI.TO Sortino Ratio Rank: 79
VI.TO Omega Ratio Rank: 81
VI.TO Calmar Ratio Rank: 79
VI.TO Martin Ratio Rank: 80

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.

FCRI.TO vs. VI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Equity Fund ETF Series (FCRI.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.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.

	FCRI.TO	VI.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.91	+0.07
Sortino ratio: Return per unit of downside risk	3.43	2.67	+0.77
Omega ratio: Gain probability vs. loss probability	1.73	1.36	+0.38
Calmar ratio: Return relative to maximum drawdown	2.46	2.95	-0.48
Martin ratio: Return relative to average drawdown	9.93	10.89	-0.97

FCRI.TO vs. VI.TO - Sharpe Ratio Comparison

The current FCRI.TO Sharpe Ratio is 1.97, which is comparable to the VI.TO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FCRI.TO and VI.TO, 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

FCRI.TO vs. VI.TO - Drawdown Comparison

The maximum FCRI.TO drawdown since its inception was -11.34%, smaller than the maximum VI.TO drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for FCRI.TO and VI.TO.

Drawdown Indicators

	FCRI.TO	VI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.34%	-33.53%	+22.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.34%	-9.80%	-1.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.53%	—
Current Drawdown Current decline from peak	-0.86%	-4.33%	+3.47%
Average Drawdown Average peak-to-trough decline	-1.52%	-4.16%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.65%	+0.15%

Volatility

FCRI.TO vs. VI.TO - Volatility Comparison

The current volatility for Franklin International Core Equity Fund ETF Series (FCRI.TO) is 3.96%, while Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO) has a volatility of 4.94%. This indicates that FCRI.TO experiences smaller price fluctuations and is considered to be less risky than VI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCRI.TO	VI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	4.94%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	13.48%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	15.14%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.98%	14.13%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.98%	15.76%	-1.78%

FCRI.TO vs. VI.TO - Expense Ratio Comparison

FCRI.TO has a 0.11% expense ratio, which is lower than VI.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FCRI.TO vs. VI.TO - Dividend Comparison

FCRI.TO's dividend yield for the trailing twelve months is around 2.50%, more than VI.TO's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCRI.TO Franklin International Core Equity Fund ETF Series	2.50%	2.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	2.29%	2.44%	2.60%	2.61%	2.84%	2.31%	1.98%	2.64%	2.75%	2.07%	1.62%	0.27%

Frequently Asked Questions

Can I hold both FCRI.TO and VI.TO in my portfolio?

FCRI.TO and VI.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCRI.TO or VI.TO?

On fees, FCRI.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCRI.TO or VI.TO?

FCRI.TO is cheaper with a 0.11% expense ratio, compared with 0.22% for VI.TO.

What is the main difference between FCRI.TO and VI.TO?

They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.11% for FCRI.TO and 0.22% for VI.TO.