FLUR.NEO vs. ZLD.TO
FLUR.NEO (Franklin International Equity Index ETF) and ZLD.TO (BMO Low Volatility International Equity Hedged to CAD ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, FLUR.NEO returned 10.86%/yr vs 6.30%/yr for ZLD.TO. At a 0.38 correlation, their price movements are largely independent. FLUR.NEO charges 0.27%/yr vs 0.40%/yr for ZLD.TO.
Performance
FLUR.NEO vs. ZLD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLUR.NEO achieves a 13.65% return, which is significantly higher than ZLD.TO's 4.99% return.
FLUR.NEO
- 1D
- 0.41%
- 1M
- 1.16%
- 6M
- 8.40%
- YTD
- 13.65%
- 1Y
- 26.18%
- 3Y*
- 18.26%
- 5Y*
- 10.86%
- 10Y*
- —
ZLD.TO
- 1D
- -0.39%
- 1M
- 2.56%
- 6M
- 3.87%
- YTD
- 4.99%
- 1Y
- 6.35%
- 3Y*
- 10.02%
- 5Y*
- 6.30%
- 10Y*
- 6.50%
FLUR.NEO vs. ZLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLUR.NEO Franklin International Equity Index ETF | 13.65% | 25.68% | 12.42% | 12.87% | -10.40% | 14.74% | 9.77% | 14.40% |
ZLD.TO BMO Low Volatility International Equity Hedged to CAD ETF | 4.99% | 9.63% | 11.11% | 11.37% | -6.68% | 12.56% | -5.85% | 11.07% |
Correlation
The correlation between FLUR.NEO and ZLD.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2019 | 0.38 |
The correlation between FLUR.NEO and ZLD.TO shifts across timeframes, from 0.34 (5 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLUR.NEO vs. ZLD.TO — Risk / Return Rank
FLUR.NEO
ZLD.TO
FLUR.NEO vs. ZLD.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 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.
| FLUR.NEO | ZLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.13 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.90 | +1.46 |
| Martin ratioReturn relative to average drawdown | 8.92 | 1.92 | +6.99 |
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Drawdowns
FLUR.NEO vs. ZLD.TO - Drawdown Comparison
The maximum FLUR.NEO drawdown since its inception was -30.20%, roughly equal to the maximum ZLD.TO drawdown of -28.97%. Use the drawdown chart below to compare losses from any high point for FLUR.NEO and ZLD.TO.
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Drawdown Indicators
| FLUR.NEO | ZLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.20% | -28.97% | -1.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -7.09% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -7.47% | -7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | -15.02% | -12.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.97% | — |
Current DrawdownCurrent decline from peak | -2.18% | -2.49% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -3.69% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.31% | -0.36% |
Volatility
FLUR.NEO vs. ZLD.TO - Volatility Comparison
Franklin International Equity Index ETF (FLUR.NEO) has a higher volatility of 3.04% compared to BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) at 2.00%. This indicates that FLUR.NEO'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
| FLUR.NEO | ZLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.00% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 6.39% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 8.45% | +6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 9.98% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 12.82% | +4.12% |
FLUR.NEO vs. ZLD.TO - Expense Ratio Comparison
FLUR.NEO has a 0.27% expense ratio, which is lower than ZLD.TO's 0.40% expense ratio.
Dividends
FLUR.NEO vs. ZLD.TO - Dividend Comparison
FLUR.NEO's dividend yield for the trailing twelve months is around 1.76%, less than ZLD.TO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLUR.NEO Franklin International Equity Index ETF | 1.76% | 2.40% | 2.76% | 2.71% | 2.95% | 1.85% | 1.97% | 3.07% | 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
FLUR.NEO and ZLD.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FLUR.NEO is cheaper with a 0.27% expense ratio, compared with 0.40% for ZLD.TO.
They also come from different issuers: Franklin Templeton and BMO. Their fees differ too: 0.27% for FLUR.NEO and 0.40% for ZLD.TO.
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