FLVC.NEO vs. GRO.TO
FLVC.NEO (Franklin Canadian Low Volatility High Dividend Index ETF) and GRO.TO (Franklin Growth ETF Portfolio) are both exchange-traded funds - FLVC.NEO is a Canada Equities fund tracking the Franklin Canadian Low Volatility High Dividend Index, while GRO.TO is a Diversified Portfolio fund actively managed by Franklin Templeton. FLVC.NEO is passively managed, while GRO.TO is actively managed. Over the past year, FLVC.NEO returned 34.39% vs 21.59% for GRO.TO. Their 0.02 correlation means their historical movements had little consistent relationship. FLVC.NEO charges 0.15%/yr vs 0.21%/yr for GRO.TO.
Performance
FLVC.NEO vs. GRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLVC.NEO achieves a 21.03% return, which is significantly higher than GRO.TO's 10.52% 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%
GRO.TO
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 8.16%
- YTD
- 10.52%
- 1Y
- 21.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$126.22K | CA$137.12K | CA$491.29K | |
| CA$0.00 | CA$390.87 | CA$1.92K |
FLVC.NEO vs. GRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF | 21.03% | 21.15% | 12.23% |
GRO.TO Franklin Growth ETF Portfolio | 10.52% | 11.09% | 15.17% |
Correlation
The correlation between FLVC.NEO and GRO.TO is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2024 | 0.02 |
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Return for Risk
FLVC.NEO vs. GRO.TO — Risk / Return Rank
FLVC.NEO
GRO.TO
FLVC.NEO vs. GRO.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 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.
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 | GRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 2.81 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | 12.02 | 3.75 | +8.27 |
| Martin ratioReturn relative to average drawdown | 52.99 | 17.37 | +35.62 |
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Drawdowns
FLVC.NEO vs. GRO.TO - Drawdown Comparison
The maximum FLVC.NEO drawdown since its inception was -7.89%, smaller than the maximum GRO.TO drawdown of -12.96%. Use the drawdown chart below to compare losses from any high point for FLVC.NEO and GRO.TO.
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Drawdown Indicators
| FLVC.NEO | GRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.89% | -12.96% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -5.81% | +2.60% |
Current DrawdownCurrent decline from peak | -1.11% | -0.48% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -1.20% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.25% | -0.54% |
Volatility
FLVC.NEO vs. GRO.TO - Volatility Comparison
Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) has a higher volatility of 2.83% compared to Franklin Growth ETF Portfolio (GRO.TO) at 0.18%. This indicates that FLVC.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.
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Volatility by Period
| FLVC.NEO | GRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 0.18% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 7.15% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.90% | 8.48% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 11.71% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 11.71% | -0.32% |
FLVC.NEO vs. GRO.TO - Expense Ratio Comparison
FLVC.NEO has a 0.15% expense ratio, which is lower than GRO.TO's 0.21% expense ratio. Despite the difference, 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. GRO.TO - Dividend Comparison
FLVC.NEO's dividend yield for the trailing twelve months is around 4.72%, more than GRO.TO's 1.53% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF | 4.72% | 4.96% | 0.95% |
GRO.TO Franklin Growth ETF Portfolio | 1.53% | 2.04% | 1.50% |
Frequently Asked Questions
FLVC.NEO and GRO.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLVC.NEO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLVC.NEO is cheaper with a 0.15% expense ratio, compared with 0.21% for GRO.TO.
FLVC.NEO is categorized as Canada Equities, while GRO.TO is Diversified Portfolio. Their fees differ too: 0.15% for FLVC.NEO and 0.21% for GRO.TO.
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