FLUR.NEO vs. ZLI.TO
FLUR.NEO (Franklin International Equity Index ETF) and ZLI.TO (BMO Low Volatility International Equity ETF) are both Foreign Large Cap Equities funds. FLUR.NEO is passively managed, while ZLI.TO is actively managed. Over the past 5 years, FLUR.NEO returned 11.25%/yr vs 5.91%/yr for ZLI.TO. A 0.52 correlation means they provide meaningful diversification when combined. FLUR.NEO charges 0.27%/yr vs 0.40%/yr for ZLI.TO.
Performance
FLUR.NEO vs. ZLI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLUR.NEO achieves a 10.78% return, which is significantly higher than ZLI.TO's 1.65% 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*
- —
ZLI.TO
- 1D
- 0.87%
- 1M
- 0.87%
- YTD
- 1.65%
- 6M
- 0.67%
- 1Y
- 0.38%
- 3Y*
- 9.91%
- 5Y*
- 5.91%
- 10Y*
- 5.61%
FLUR.NEO vs. ZLI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLUR.NEO Franklin International Equity Index ETF | 10.78% | 25.68% | 12.42% | 12.87% | -9.30% | 14.74% | 9.77% | 14.40% |
ZLI.TO BMO Low Volatility International Equity ETF | 1.65% | 12.93% | 11.92% | 9.08% | -9.81% | 6.78% | -0.89% | 7.26% |
Correlation
The correlation between FLUR.NEO and ZLI.TO is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2019 | 0.52 |
The correlation between FLUR.NEO and ZLI.TO shifts across timeframes, from 0.52 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLUR.NEO vs. ZLI.TO — Risk / Return Rank
FLUR.NEO
ZLI.TO
FLUR.NEO vs. ZLI.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 ETF (ZLI.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 | ZLI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.02 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 0.05 | +2.09 |
| Martin ratioReturn relative to average drawdown | 8.26 | 0.12 | +8.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLUR.NEO | ZLI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 0.04 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.55 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.49 | +0.23 |
Drawdowns
FLUR.NEO vs. ZLI.TO - Drawdown Comparison
The maximum FLUR.NEO drawdown since its inception was -30.20%, which is greater than ZLI.TO's maximum drawdown of -24.67%. Use the drawdown chart below to compare losses from any high point for FLUR.NEO and ZLI.TO.
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Drawdown Indicators
| FLUR.NEO | ZLI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.20% | -24.67% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -8.37% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -8.37% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -24.67% | -1.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.67% | — |
Current DrawdownCurrent decline from peak | -1.59% | -5.97% | +4.38% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -4.99% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.31% | -0.42% |
Volatility
FLUR.NEO vs. ZLI.TO - Volatility Comparison
Franklin International Equity Index ETF (FLUR.NEO) has a higher volatility of 5.56% compared to BMO Low Volatility International Equity ETF (ZLI.TO) at 3.67%. This indicates that FLUR.NEO's price experiences larger fluctuations and is considered to be riskier than ZLI.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 | ZLI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 3.67% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 8.33% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 10.31% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 10.78% | +4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 12.41% | +4.54% |
FLUR.NEO vs. ZLI.TO - Expense Ratio Comparison
FLUR.NEO has a 0.27% expense ratio, which is lower than ZLI.TO's 0.40% expense ratio.
Dividends
FLUR.NEO vs. ZLI.TO - Dividend Comparison
FLUR.NEO's dividend yield for the trailing twelve months is around 2.17%, less than ZLI.TO's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLUR.NEO Franklin International Equity Index ETF | 2.17% | 2.40% | 2.76% | 2.71% | 4.16% | 1.85% | 1.97% | 3.07% | 0.00% | 0.00% | 0.00% | 0.00% |
ZLI.TO BMO Low Volatility International Equity ETF | 2.21% | 2.24% | 2.47% | 2.69% | 2.86% | 2.50% | 2.65% | 2.35% | 2.48% | 2.21% | 2.49% | 0.91% |
Frequently Asked Questions
FLUR.NEO and ZLI.TO have a correlation of 0.63, 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 ZLI.TO.
They also come from different issuers: Franklin Templeton and BMO. Their fees differ too: 0.27% for FLUR.NEO and 0.40% for ZLI.TO.
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