FCRI.TO vs. XML.TO
FCRI.TO (Franklin International Core Equity Fund ETF Series) and XML.TO (iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)) are both Foreign Large Cap Equities funds. FCRI.TO is actively managed, while XML.TO is passively managed. Over the past year, FCRI.TO returned 27.69% vs 18.46% for XML.TO. Their 0.28 correlation means their historical movements had little consistent relationship. FCRI.TO charges 0.11%/yr vs 0.40%/yr for XML.TO.
Performance
FCRI.TO vs. XML.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCRI.TO achieves a 12.24% return, which is significantly higher than XML.TO's 11.20% 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%
XML.TO
- 1D
- -0.35%
- 1M
- 4.79%
- 6M
- 8.74%
- YTD
- 11.20%
- 1Y
- 18.46%
- 3Y*
- 14.92%
- 5Y*
- 9.98%
- 10Y*
- 7.84%
- ALL TIME*
- 7.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$80.15K | CA$123.25K | CA$86.85K | |
| CA$8.48K | CA$7.87K | CA$8.75K |
FCRI.TO vs. XML.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCRI.TO Franklin International Core Equity Fund ETF Series | 12.24% | 15.58% |
XML.TO iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 11.20% | 6.56% |
Correlation
The correlation between FCRI.TO and XML.TO is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.28 |
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Return for Risk
FCRI.TO vs. XML.TO — Risk / Return Rank
FCRI.TO
XML.TO
FCRI.TO vs. XML.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 iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.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 | XML.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.41 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.79 | -0.33 |
| Martin ratioReturn relative to average drawdown | 9.93 | 8.69 | +1.23 |
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Drawdowns
FCRI.TO vs. XML.TO - Drawdown Comparison
The maximum FCRI.TO drawdown since its inception was -11.34%, smaller than the maximum XML.TO drawdown of -28.62%. Use the drawdown chart below to compare losses from any high point for FCRI.TO and XML.TO.
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Drawdown Indicators
| FCRI.TO | XML.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.34% | -28.62% | +17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -6.46% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.62% | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.35% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -3.42% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.07% | +0.73% |
Volatility
FCRI.TO vs. XML.TO - Volatility Comparison
Franklin International Core Equity Fund ETF Series (FCRI.TO) has a higher volatility of 3.96% compared to iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.TO) at 2.05%. This indicates that FCRI.TO's price experiences larger fluctuations and is considered to be riskier than XML.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCRI.TO | XML.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 2.05% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 7.83% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 9.32% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 9.82% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.98% | 11.93% | +2.05% |
FCRI.TO vs. XML.TO - Expense Ratio Comparison
FCRI.TO has a 0.11% expense ratio, which is lower than XML.TO's 0.40% expense ratio.
Dividends
FCRI.TO vs. XML.TO - Dividend Comparison
FCRI.TO's dividend yield for the trailing twelve months is around 2.50%, less than XML.TO's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XML.TO iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 2.61% | 2.76% | 2.67% | 2.56% | 2.02% | 1.92% | 1.11% | 3.62% | 2.79% | 1.91% | 3.33% |
Frequently Asked Questions
FCRI.TO and XML.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FCRI.TO is cheaper with a 0.11% expense ratio, compared with 0.40% for XML.TO.
They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.11% for FCRI.TO and 0.40% for XML.TO.
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