FCRI.TO vs. ZLD.TO
FCRI.TO (Franklin International Core Equity Fund ETF Series) and ZLD.TO (BMO Low Volatility International Equity Hedged to CAD ETF) are both Foreign Large Cap Equities funds. Over the past year, FCRI.TO returned 27.32% vs 6.59% for ZLD.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
FCRI.TO vs. ZLD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCRI.TO achieves a 10.74% return, which is significantly higher than ZLD.TO's 5.26% return.
FCRI.TO
- 1D
- -0.67%
- 1M
- 2.11%
- 6M
- 10.89%
- YTD
- 10.74%
- 1Y
- 27.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZLD.TO
- 1D
- 0.68%
- 1M
- 2.15%
- 6M
- 3.69%
- YTD
- 5.26%
- 1Y
- 6.59%
- 3Y*
- 10.11%
- 5Y*
- 6.25%
- 10Y*
- 6.53%
FCRI.TO vs. ZLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCRI.TO Franklin International Core Equity Fund ETF Series | 10.74% | 15.58% |
ZLD.TO BMO Low Volatility International Equity Hedged to CAD ETF | 5.26% | 0.25% |
Correlation
The correlation between FCRI.TO and ZLD.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.24 |
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Return for Risk
FCRI.TO vs. ZLD.TO — Risk / Return Rank
FCRI.TO
ZLD.TO
FCRI.TO vs. ZLD.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 BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.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 | ZLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.14 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 0.93 | +1.50 |
| Martin ratioReturn relative to average drawdown | 9.85 | 2.00 | +7.85 |
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Drawdowns
FCRI.TO vs. ZLD.TO - Drawdown Comparison
The maximum FCRI.TO drawdown since its inception was -11.34%, smaller than the maximum ZLD.TO drawdown of -28.97%. Use the drawdown chart below to compare losses from any high point for FCRI.TO and ZLD.TO.
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Drawdown Indicators
| FCRI.TO | ZLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.34% | -28.97% | +17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -7.09% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.97% | — |
Current DrawdownCurrent decline from peak | -2.18% | -2.24% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -3.69% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.30% | -0.51% |
Volatility
FCRI.TO vs. ZLD.TO - Volatility Comparison
Franklin International Core Equity Fund ETF Series (FCRI.TO) has a higher volatility of 2.89% compared to BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) at 2.12%. This indicates that FCRI.TO's price experiences larger fluctuations and is considered to be riskier than ZLD.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 | ZLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.12% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 6.45% | +5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 8.46% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 9.98% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.98% | 12.83% | +1.15% |
Dividends
FCRI.TO vs. ZLD.TO - Dividend Comparison
FCRI.TO's dividend yield for the trailing twelve months is around 2.54%, more than ZLD.TO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCRI.TO Franklin International Core Equity Fund ETF Series | 2.54% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZLD.TO BMO Low Volatility International Equity Hedged to CAD ETF | 2.20% | 2.29% | 2.45% | 2.66% | 2.62% | 2.31% | 2.62% | 2.17% | 2.36% | 2.23% | 1.96% |
Frequently Asked Questions
FCRI.TO and ZLD.TO have a correlation of 0.25, 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: Franklin Templeton and BMO.
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