FLUR.NEO vs. GRO.TO

Last updated Jun 5, 2026

FLUR.NEO (Franklin International Equity Index ETF) and GRO.TO (Franklin Growth ETF Portfolio) are both exchange-traded funds - FLUR.NEO is a Foreign Large Cap Equities fund tracking the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index-NR, while GRO.TO is a Diversified Portfolio fund actively managed by Franklin Templeton. FLUR.NEO is passively managed, while GRO.TO is actively managed. Over the past year, FLUR.NEO returned 23.83% vs 24.84% for GRO.TO. At a 0.11 correlation, their price movements are largely independent. FLUR.NEO charges 0.27%/yr vs 0.21%/yr for GRO.TO.

Performance

FLUR.NEO vs. GRO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Franklin International Equity Index ETF (FLUR.NEO) and Franklin Growth ETF Portfolio (GRO.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLUR.NEO achieves a 10.78% return, which is significantly higher than GRO.TO's 9.91% return.

FLUR.NEO

• 1D: 0.58%
• 1M: 4.43%
• YTD: 10.78%
• 6M: 11.03%
• 1Y: 23.83%
• 3Y*: 18.43%
• 5Y*: 11.25%
• 10Y*: —

GRO.TO

• 1D: 1.05%
• 1M: 5.59%
• YTD: 9.91%
• 6M: 12.55%
• 1Y: 24.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLUR.NEO vs. GRO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLUR.NEO Franklin International Equity Index ETF	10.78%	25.68%	0.20%
GRO.TO Franklin Growth ETF Portfolio	9.91%	11.09%	15.17%

Correlation

The correlation between FLUR.NEO and GRO.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 6, 2024	0.11

Return for Risk

FLUR.NEO vs. GRO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLUR.NEO

FLUR.NEO Risk / Return Rank: 48
FLUR.NEO Sharpe Ratio Rank: 48
FLUR.NEO Sortino Ratio Rank: 46
FLUR.NEO Omega Ratio Rank: 51
FLUR.NEO Calmar Ratio Rank: 45
FLUR.NEO Martin Ratio Rank: 50

GRO.TO

GRO.TO Risk / Return Rank: 92
GRO.TO Sharpe Ratio Rank: 91
GRO.TO Sortino Ratio Rank: 97
GRO.TO Omega Ratio Rank: 99
GRO.TO Calmar Ratio Rank: 82
GRO.TO Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLUR.NEO vs. GRO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Equity Index ETF (FLUR.NEO) and Franklin Growth ETF Portfolio (GRO.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.

	FLUR.NEO	GRO.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.62	3.14	-1.52
Sortino ratio: Return per unit of downside risk	2.24	5.93	-3.69
Omega ratio: Gain probability vs. loss probability	1.31	3.66	-2.35
Calmar ratio: Return relative to maximum drawdown	2.13	4.30	-2.16
Martin ratio: Return relative to average drawdown	8.26	20.48	-12.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLUR.NEO vs. GRO.TO - Sharpe Ratio Comparison

The current FLUR.NEO Sharpe Ratio is 1.62, which is lower than the GRO.TO Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of FLUR.NEO and GRO.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.

Sharpe Ratios by Period

	FLUR.NEO	GRO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	3.14	-1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.58	-0.86

Drawdowns

FLUR.NEO vs. GRO.TO - Drawdown Comparison

The maximum FLUR.NEO drawdown since its inception was -30.20%, which is greater than GRO.TO's maximum drawdown of -12.96%. Use the drawdown chart below to compare losses from any high point for FLUR.NEO and GRO.TO.

Drawdown Indicators

	FLUR.NEO	GRO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.20%	-12.96%	-17.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.21%	-5.81%	-5.40%
Max Drawdown (3Y) Largest decline over 3 years	-14.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.55%	—	—
Current Drawdown Current decline from peak	-1.59%	0.00%	-1.59%
Average Drawdown Average peak-to-trough decline	-4.83%	-1.25%	-3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.22%	+1.67%

Volatility

FLUR.NEO vs. GRO.TO - Volatility Comparison

Franklin International Equity Index ETF (FLUR.NEO) has a higher volatility of 5.56% compared to Franklin Growth ETF Portfolio (GRO.TO) at 3.42%. This indicates that FLUR.NEO's price experiences larger fluctuations and is considered to be riskier than GRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLUR.NEO	GRO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	3.42%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	6.68%	+4.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	7.94%	+6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	11.89%	+3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	11.89%	+5.06%

FLUR.NEO vs. GRO.TO - Expense Ratio Comparison

FLUR.NEO has a 0.27% expense ratio, which is higher than GRO.TO's 0.21% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLUR.NEO vs. GRO.TO - Dividend Comparison

FLUR.NEO's dividend yield for the trailing twelve months is around 2.17%, more than GRO.TO's 2.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FLUR.NEO Franklin International Equity Index ETF	2.17%	2.40%	2.76%	2.71%	4.16%	1.85%	1.97%	3.07%
GRO.TO Franklin Growth ETF Portfolio	2.11%	2.04%	1.50%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLUR.NEO and GRO.TO in my portfolio?

FLUR.NEO and GRO.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLUR.NEO or GRO.TO?

On fees, GRO.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLUR.NEO or GRO.TO?

GRO.TO is cheaper with a 0.21% expense ratio, compared with 0.27% for FLUR.NEO.

What is the main difference between FLUR.NEO and GRO.TO?

FLUR.NEO is categorized as Foreign Large Cap Equities, while GRO.TO is Diversified Portfolio. Their fees differ too: 0.27% for FLUR.NEO and 0.21% for GRO.TO.