FLVC.NEO vs. HAL.TO
FLVC.NEO (Franklin Canadian Low Volatility High Dividend Index ETF) and HAL.TO (Global X Active Canadian Dividend ETF) are both Canada Equities funds. FLVC.NEO is passively managed, while HAL.TO is actively managed. Over the past year, FLVC.NEO returned 34.39% vs 46.98% for HAL.TO. Their 0.42 correlation means their historical movements had little consistent relationship. FLVC.NEO charges 0.15%/yr vs 0.67%/yr for HAL.TO.
Performance
FLVC.NEO vs. HAL.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 lower than HAL.TO's 25.36% 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%
HAL.TO
- 1D
- -0.06%
- 1M
- 4.68%
- 6M
- 19.06%
- YTD
- 25.36%
- 1Y
- 46.98%
- 3Y*
- 23.91%
- 5Y*
- 15.92%
- 10Y*
- 12.04%
- ALL TIME*
- 10.89%
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$48.46K | CA$51.30K | CA$42.68K |
FLVC.NEO vs. HAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF | 21.03% | 21.15% | 13.79% |
HAL.TO Global X Active Canadian Dividend ETF | 25.36% | 24.60% | 14.93% |
Correlation
The correlation between FLVC.NEO and HAL.TO is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.42 |
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Return for Risk
FLVC.NEO vs. HAL.TO — Risk / Return Rank
FLVC.NEO
HAL.TO
FLVC.NEO vs. HAL.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 Global X Active Canadian Dividend ETF (HAL.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 | HAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.97 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 12.02 | 9.17 | +2.85 |
| Martin ratioReturn relative to average drawdown | 52.99 | 41.34 | +11.65 |
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Drawdowns
FLVC.NEO vs. HAL.TO - Drawdown Comparison
The maximum FLVC.NEO drawdown since its inception was -7.89%, smaller than the maximum HAL.TO drawdown of -39.70%. Use the drawdown chart below to compare losses from any high point for FLVC.NEO and HAL.TO.
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Drawdown Indicators
| FLVC.NEO | HAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.89% | -39.70% | +31.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -5.15% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.70% | — |
Current DrawdownCurrent decline from peak | -1.11% | -0.06% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -4.73% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.14% | -0.43% |
Volatility
FLVC.NEO vs. HAL.TO - Volatility Comparison
The current volatility for Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) is 2.83%, while Global X Active Canadian Dividend ETF (HAL.TO) has a volatility of 3.12%. This indicates that FLVC.NEO experiences smaller price fluctuations and is considered to be less risky than HAL.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 | HAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 3.12% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 8.42% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.90% | 10.13% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 12.36% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 17.55% | -6.16% |
FLVC.NEO vs. HAL.TO - Expense Ratio Comparison
FLVC.NEO has a 0.15% expense ratio, which is lower than HAL.TO's 0.67% expense ratio.
Dividends
FLVC.NEO vs. HAL.TO - Dividend Comparison
FLVC.NEO's dividend yield for the trailing twelve months is around 4.72%, more than HAL.TO's 1.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF | 4.72% | 4.96% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HAL.TO Global X Active Canadian Dividend ETF | 1.82% | 2.37% | 2.79% | 3.60% | 4.84% | 2.99% | 3.57% | 3.03% | 3.50% | 3.32% | 2.99% | 3.62% |
Frequently Asked Questions
FLVC.NEO and HAL.TO have a correlation of 0.48, 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 0.67% for HAL.TO.
They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.15% for FLVC.NEO and 0.67% for HAL.TO.
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