FLVC.NEO vs. DMEC.TO

Last updated Jul 30, 2026

FLVC.NEO (Franklin Canadian Low Volatility High Dividend Index ETF) and DMEC.TO (Desjardins Canadian Equity Index ETF) are both Canada Equities funds - FLVC.NEO tracks the Franklin Canadian Low Volatility High Dividend Index while DMEC.TO tracks the Solactive Canada Broad Market Index (CA NTR). Both are passively managed. Over the past year, FLVC.NEO returned 34.39% vs 31.08% for DMEC.TO. Their 0.40 correlation means their historical movements had little consistent relationship. FLVC.NEO charges 0.15%/yr vs 0.05%/yr for DMEC.TO.

Performance

FLVC.NEO vs. DMEC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) and Desjardins Canadian Equity Index ETF (DMEC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLVC.NEO achieves a 21.03% return, which is significantly higher than DMEC.TO's 12.56% return.

FLVC.NEO

• 1D: 0.06%
• 1M: 3.34%
• 6M: 21.68%
• YTD: 21.03%
• 1Y: 34.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.44%

DMEC.TO

• 1D: -1.17%
• 1M: 1.60%
• 6M: 7.51%
• YTD: 12.56%
• 1Y: 31.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DMEC.TO Desjardins Canadian Equity Index ETF	CA$406.44K	CA$375.69K	CA$445.99K
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	CA$126.22K	CA$137.12K	CA$491.29K

FLVC.NEO vs. DMEC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	21.03%	21.15%	16.59%
DMEC.TO Desjardins Canadian Equity Index ETF	12.56%	31.87%	16.56%

Correlation

The correlation between FLVC.NEO and DMEC.TO is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024	0.40

Return for Risk

FLVC.NEO vs. DMEC.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLVC.NEO

FLVC.NEO Risk / Return Rank: 98
FLVC.NEO Sharpe Ratio Rank: 99
FLVC.NEO Sortino Ratio Rank: 98
FLVC.NEO Omega Ratio Rank: 98
FLVC.NEO Calmar Ratio Rank: 98
FLVC.NEO Martin Ratio Rank: 98

DMEC.TO

DMEC.TO Risk / Return Rank: 90
DMEC.TO Sharpe Ratio Rank: 92
DMEC.TO Sortino Ratio Rank: 89
DMEC.TO Omega Ratio Rank: 90
DMEC.TO Calmar Ratio Rank: 86
DMEC.TO Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLVC.NEO vs. DMEC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) and Desjardins Canadian Equity Index ETF (DMEC.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.

	FLVC.NEO	DMEC.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.88	2.36	+2.52
Sortino ratio: Return per unit of downside risk	7.42	3.05	+4.38
Omega ratio: Gain probability vs. loss probability	1.98	1.41	+0.57
Calmar ratio: Return relative to maximum drawdown	12.02	3.32	+8.71
Martin ratio: Return relative to average drawdown	52.99	14.93	+38.05

FLVC.NEO vs. DMEC.TO - Sharpe Ratio Comparison

The current FLVC.NEO Sharpe Ratio is 4.88, which is higher than the DMEC.TO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of FLVC.NEO and DMEC.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.

Drawdowns

FLVC.NEO vs. DMEC.TO - Drawdown Comparison

The maximum FLVC.NEO drawdown since its inception was -7.89%, smaller than the maximum DMEC.TO drawdown of -12.15%. Use the drawdown chart below to compare losses from any high point for FLVC.NEO and DMEC.TO.

Drawdown Indicators

	FLVC.NEO	DMEC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-7.89%	-12.15%	+4.26%
Max Drawdown (1Y) Largest decline over 1 year	-3.21%	-9.41%	+6.20%
Current Drawdown Current decline from peak	-1.11%	-1.17%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.80%	-1.38%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	2.09%	-1.38%

Volatility

FLVC.NEO vs. DMEC.TO - Volatility Comparison

Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) and Desjardins Canadian Equity Index ETF (DMEC.TO) have volatilities of 2.83% and 2.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLVC.NEO	DMEC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	2.77%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	5.82%	10.82%	-5.00%
Volatility (1Y) Calculated over the trailing 1-year period	7.90%	13.24%	-5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	12.89%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	12.89%	-1.50%

FLVC.NEO vs. DMEC.TO - Expense Ratio Comparison

FLVC.NEO has a 0.15% expense ratio, which is higher than DMEC.TO's 0.05% 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

FLVC.NEO vs. DMEC.TO - Dividend Comparison

FLVC.NEO's dividend yield for the trailing twelve months is around 4.72%, more than DMEC.TO's 1.71% yield.

Position	TTM	2025	2024
DMEC.TO Desjardins Canadian Equity Index ETF	1.71%	1.78%	1.39%
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF	4.72%	4.96%	0.95%

Frequently Asked Questions

Can I hold both FLVC.NEO and DMEC.TO in my portfolio?

FLVC.NEO and DMEC.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLVC.NEO or DMEC.TO?

On fees, DMEC.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLVC.NEO or DMEC.TO?

DMEC.TO is cheaper with a 0.05% expense ratio, compared with 0.15% for FLVC.NEO.

What is the main difference between FLVC.NEO and DMEC.TO?

FLVC.NEO tracks Franklin Canadian Low Volatility High Dividend Index, while DMEC.TO tracks Solactive Canada Broad Market Index (CA NTR). They also come from different issuers: Franklin Templeton and Desjardins. Their fees differ too: 0.15% for FLVC.NEO and 0.05% for DMEC.TO.