FLUR.NEO vs. ESGE.TO
FLUR.NEO (Franklin International Equity Index ETF) and ESGE.TO (BMO MSCI EAFE Selection Equity Index ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, FLUR.NEO returned 10.86%/yr vs 9.94%/yr for ESGE.TO. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
FLUR.NEO vs. ESGE.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FLUR.NEO having a 13.65% return and ESGE.TO slightly lower at 13.32%.
FLUR.NEO
- 1D
- 0.41%
- 1M
- 1.16%
- 6M
- 8.40%
- YTD
- 13.65%
- 1Y
- 26.18%
- 3Y*
- 18.26%
- 5Y*
- 10.86%
- 10Y*
- —
ESGE.TO
- 1D
- 0.29%
- 1M
- 0.93%
- 6M
- 8.94%
- YTD
- 13.32%
- 1Y
- 24.17%
- 3Y*
- 15.70%
- 5Y*
- 9.94%
- 10Y*
- —
FLUR.NEO vs. ESGE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLUR.NEO Franklin International Equity Index ETF | 13.65% | 25.68% | 12.42% | 12.87% | -10.40% | 14.74% | 6.78% |
ESGE.TO BMO MSCI EAFE Selection Equity Index ETF | 13.32% | 19.50% | 10.61% | 15.06% | -11.25% | 11.14% | 4.41% |
Correlation
The correlation between FLUR.NEO and ESGE.TO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.62 |
The correlation between FLUR.NEO and ESGE.TO shifts across timeframes, from 0.62 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLUR.NEO vs. ESGE.TO — Risk / Return Rank
FLUR.NEO
ESGE.TO
FLUR.NEO vs. ESGE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Equity Index ETF (FLUR.NEO) and BMO MSCI EAFE Selection Equity Index ETF (ESGE.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.
| FLUR.NEO | ESGE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.17 | +0.18 |
| Martin ratioReturn relative to average drawdown | 8.92 | 8.33 | +0.58 |
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Drawdowns
FLUR.NEO vs. ESGE.TO - Drawdown Comparison
The maximum FLUR.NEO drawdown since its inception was -30.20%, which is greater than ESGE.TO's maximum drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for FLUR.NEO and ESGE.TO.
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Drawdown Indicators
| FLUR.NEO | ESGE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.20% | -27.77% | -2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -11.17% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -14.68% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | -25.79% | -1.65% |
Current DrawdownCurrent decline from peak | -2.18% | -2.11% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.27% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.91% | +0.04% |
Volatility
FLUR.NEO vs. ESGE.TO - Volatility Comparison
The current volatility for Franklin International Equity Index ETF (FLUR.NEO) is 3.04%, while BMO MSCI EAFE Selection Equity Index ETF (ESGE.TO) has a volatility of 3.72%. This indicates that FLUR.NEO experiences smaller price fluctuations and is considered to be less risky than ESGE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLUR.NEO | ESGE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 3.72% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 12.58% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 14.63% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 13.85% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 16.27% | +0.67% |
Dividends
FLUR.NEO vs. ESGE.TO - Dividend Comparison
FLUR.NEO's dividend yield for the trailing twelve months is around 1.76%, which matches ESGE.TO's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ESGE.TO BMO MSCI EAFE Selection Equity Index ETF | 1.77% | 2.10% | 2.60% | 2.89% | 2.95% | 2.54% | 2.75% | 0.00% |
FLUR.NEO Franklin International Equity Index ETF | 1.76% | 2.40% | 2.76% | 2.71% | 2.95% | 1.85% | 1.97% | 3.07% |
Frequently Asked Questions
FLUR.NEO and ESGE.TO have a correlation of 0.75, 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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