FLUR.NEO vs. LVHI

Last updated Jun 26, 2026

FLUR.NEO (Franklin International Equity Index ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) 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 LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, FLUR.NEO returned 10.84%/yr vs 19.23%/yr for LVHI. At a 0.43 correlation, their price movements are largely independent. FLUR.NEO charges 0.27%/yr vs 0.40%/yr for LVHI.

Performance

FLUR.NEO vs. LVHI - 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 International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLUR.NEO is traded in CAD, while LVHI is traded in USD. To make them comparable, the LVHI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLUR.NEO achieves a 13.01% return, which is significantly lower than LVHI's 17.00% return.

FLUR.NEO

• 1D: 0.49%
• 1M: 2.12%
• YTD: 13.01%
• 6M: 12.76%
• 1Y: 26.23%
• 3Y*: 19.80%
• 5Y*: 10.84%
• 10Y*: —

LVHI

• 1D: 0.53%
• 1M: 2.60%
• YTD: 17.00%
• 6M: 17.36%
• 1Y: 37.74%
• 3Y*: 24.74%
• 5Y*: 19.23%
• 10Y*: —

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

FLUR.NEO vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLUR.NEO Franklin International Equity Index ETF	13.01%	25.68%	12.42%	12.87%	-10.40%	14.74%	9.77%	14.40%
LVHI Franklin International Low Volatility High Dividend Index ETF	17.00%	21.32%	24.53%	14.66%	10.42%	18.13%	-10.92%	9.36%

Correlation

The correlation between FLUR.NEO and LVHI is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Feb 13, 2019	0.43

The correlation between FLUR.NEO and LVHI shifts across timeframes, from 0.43 (all time) to 0.56 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FLUR.NEO vs. LVHI — 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: 57
FLUR.NEO Sharpe Ratio Rank: 57
FLUR.NEO Sortino Ratio Rank: 57
FLUR.NEO Omega Ratio Rank: 62
FLUR.NEO Calmar Ratio Rank: 54
FLUR.NEO Martin Ratio Rank: 57

LVHI

LVHI Risk / Return Rank: 95
LVHI Sharpe Ratio Rank: 96
LVHI Sortino Ratio Rank: 95
LVHI Omega Ratio Rank: 95
LVHI Calmar Ratio Rank: 92
LVHI Martin Ratio Rank: 94

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. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Equity Index ETF (FLUR.NEO) and Franklin International Low Volatility High Dividend Index ETF (LVHI). 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	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	1.72	3.64	-1.92
Sortino ratio: Return per unit of downside risk	2.41	5.08	-2.66
Omega ratio: Gain probability vs. loss probability	1.34	1.66	-0.32
Calmar ratio: Return relative to maximum drawdown	2.36	6.70	-4.33
Martin ratio: Return relative to average drawdown	8.98	22.97	-13.99

FLUR.NEO vs. LVHI - Sharpe Ratio Comparison

The current FLUR.NEO Sharpe Ratio is 1.72, which is lower than the LVHI Sharpe Ratio of 3.64. The chart below compares the historical Sharpe Ratios of FLUR.NEO and LVHI, 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

FLUR.NEO vs. LVHI - Drawdown Comparison

The maximum FLUR.NEO drawdown since its inception was -30.20%, roughly equal to the maximum LVHI drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for FLUR.NEO and LVHI.

Drawdown Indicators

	FLUR.NEO	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-30.20%	-29.52%	-0.68%
Max Drawdown (1Y) Largest decline over 1 year	-11.21%	-5.66%	-5.55%
Max Drawdown (3Y) Largest decline over 3 years	-14.64%	-12.48%	-2.16%
Max Drawdown (5Y) Largest decline over 5 years	-27.44%	-12.48%	-14.96%
Current Drawdown Current decline from peak	-1.40%	0.00%	-1.40%
Average Drawdown Average peak-to-trough decline	-5.07%	-4.51%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	1.65%	+1.29%

Volatility

FLUR.NEO vs. LVHI - Volatility Comparison

Franklin International Equity Index ETF (FLUR.NEO) has a higher volatility of 5.08% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.97%. This indicates that FLUR.NEO's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLUR.NEO	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	2.97%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	8.49%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	10.45%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.07%	12.84%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	15.33%	+1.64%

FLUR.NEO vs. LVHI - Expense Ratio Comparison

FLUR.NEO has a 0.27% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

FLUR.NEO vs. LVHI - Dividend Comparison

FLUR.NEO's dividend yield for the trailing twelve months is around 1.77%, less than LVHI's 4.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FLUR.NEO Franklin International Equity Index ETF	1.77%	2.40%	2.76%	2.71%	2.95%	1.85%	1.97%	3.07%	0.00%	0.00%	0.00%
LVHI Franklin International Low Volatility High Dividend Index ETF	4.74%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%

Frequently Asked Questions

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

FLUR.NEO and LVHI have a correlation of 0.54, 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 LVHI?

On fees, FLUR.NEO is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLUR.NEO or LVHI?

FLUR.NEO is cheaper with a 0.27% expense ratio, compared with 0.40% for LVHI.

What is the main difference between FLUR.NEO and LVHI?

FLUR.NEO is categorized as Foreign Large Cap Equities, while LVHI is Volatility Hedged Equity. FLUR.NEO tracks Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index-NR, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. Their fees differ too: 0.27% for FLUR.NEO and 0.40% for LVHI.