FLVC.NEO vs. TCLV.TO
FLVC.NEO (Franklin Canadian Low Volatility High Dividend Index ETF) and TCLV.TO (TD Q Canadian Low Volatility ETF) are both Canada Equities funds. FLVC.NEO is passively managed, while TCLV.TO is actively managed. Over the past year, FLVC.NEO returned 34.39% vs 17.84% for TCLV.TO. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FLVC.NEO charges 0.15%/yr vs 0.33%/yr for TCLV.TO.
Performance
FLVC.NEO vs. TCLV.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 TCLV.TO's 9.82% 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%
TCLV.TO
- 1D
- -0.93%
- 1M
- 2.24%
- 6M
- 10.99%
- YTD
- 9.82%
- 1Y
- 17.84%
- 3Y*
- 17.75%
- 5Y*
- 11.84%
- 10Y*
- —
- ALL TIME*
- 13.52%
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$187.87K | CA$190.47K | CA$228.16K |
FLVC.NEO vs. TCLV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF | 21.03% | 21.15% | 13.79% |
TCLV.TO TD Q Canadian Low Volatility ETF | 9.82% | 24.55% | 12.74% |
Correlation
The correlation between FLVC.NEO and TCLV.TO is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.52 |
Over the past year, FLVC.NEO and TCLV.TO have become more correlated (0.74) than their long-term average of 0.52, meaning their price movements have been converging.
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Return for Risk
FLVC.NEO vs. TCLV.TO — Risk / Return Rank
FLVC.NEO
TCLV.TO
FLVC.NEO vs. TCLV.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 TD Q Canadian Low Volatility ETF (TCLV.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 | TCLV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +4.22 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.39 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 12.02 | 3.70 | +8.32 |
| Martin ratioReturn relative to average drawdown | 52.99 | 14.75 | +38.24 |
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Drawdowns
FLVC.NEO vs. TCLV.TO - Drawdown Comparison
The maximum FLVC.NEO drawdown since its inception was -7.89%, smaller than the maximum TCLV.TO drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for FLVC.NEO and TCLV.TO.
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Drawdown Indicators
| FLVC.NEO | TCLV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.89% | -15.27% | +7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -4.84% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.27% | — |
Current DrawdownCurrent decline from peak | -1.11% | -0.93% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -3.00% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.21% | -0.50% |
Volatility
FLVC.NEO vs. TCLV.TO - Volatility Comparison
Franklin Canadian Low Volatility High Dividend Index ETF (FLVC.NEO) and TD Q Canadian Low Volatility ETF (TCLV.TO) have volatilities of 2.83% and 2.86%, 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.
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Volatility by Period
| FLVC.NEO | TCLV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.86% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 6.95% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.90% | 8.47% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 9.72% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 9.77% | +1.62% |
FLVC.NEO vs. TCLV.TO - Expense Ratio Comparison
FLVC.NEO has a 0.15% expense ratio, which is lower than TCLV.TO's 0.33% expense ratio.
Dividends
FLVC.NEO vs. TCLV.TO - Dividend Comparison
FLVC.NEO's dividend yield for the trailing twelve months is around 4.72%, more than TCLV.TO's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLVC.NEO Franklin Canadian Low Volatility High Dividend Index ETF | 4.72% | 4.96% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
TCLV.TO TD Q Canadian Low Volatility ETF | 1.80% | 1.88% | 2.68% | 3.15% | 2.84% | 2.64% | 1.59% |
Frequently Asked Questions
FLVC.NEO and TCLV.TO have a correlation of 0.74, 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 0.33% for TCLV.TO.
They also come from different issuers: Franklin Templeton and TD. Their fees differ too: 0.15% for FLVC.NEO and 0.33% for TCLV.TO.
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