FLVI.NEO vs. RID.TO
FLVI.NEO (Franklin International Low Volatility High Dividend Index ETF) and RID.TO (RBC Quant EAFE Dividend Leaders ETF CAD) are both International Equity funds. FLVI.NEO is passively managed, while RID.TO is actively managed. Over the past year, FLVI.NEO returned 27.01% vs 32.72% for RID.TO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
FLVI.NEO vs. RID.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLVI.NEO achieves a 13.01% return, which is significantly lower than RID.TO's 16.07% return.
FLVI.NEO
- 1D
- 0.35%
- 1M
- 1.50%
- 6M
- 9.35%
- YTD
- 13.01%
- 1Y
- 27.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RID.TO
- 1D
- 0.13%
- 1M
- 0.58%
- 6M
- 10.88%
- YTD
- 16.07%
- 1Y
- 32.72%
- 3Y*
- 22.79%
- 5Y*
- 13.70%
- 10Y*
- 10.01%
FLVI.NEO vs. RID.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF | 13.01% | 33.34% | 9.70% |
RID.TO RBC Quant EAFE Dividend Leaders ETF CAD | 16.07% | 33.82% | 4.54% |
Correlation
The correlation between FLVI.NEO and RID.TO is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.54 |
The correlation between FLVI.NEO and RID.TO shifts across timeframes, from 0.54 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLVI.NEO vs. RID.TO — Risk / Return Rank
FLVI.NEO
RID.TO
FLVI.NEO vs. RID.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) and RBC Quant EAFE Dividend Leaders ETF CAD (RID.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.
| FLVI.NEO | RID.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.40 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 3.34 | +0.20 |
| Martin ratioReturn relative to average drawdown | 13.23 | 13.44 | -0.21 |
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Drawdowns
FLVI.NEO vs. RID.TO - Drawdown Comparison
The maximum FLVI.NEO drawdown since its inception was -11.90%, smaller than the maximum RID.TO drawdown of -28.74%. Use the drawdown chart below to compare losses from any high point for FLVI.NEO and RID.TO.
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Drawdown Indicators
| FLVI.NEO | RID.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.90% | -28.74% | +16.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -9.85% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.31% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -4.45% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.44% | -0.39% |
Volatility
FLVI.NEO vs. RID.TO - Volatility Comparison
The current volatility for Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) is 2.11%, while RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO) has a volatility of 4.23%. This indicates that FLVI.NEO experiences smaller price fluctuations and is considered to be less risky than RID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLVI.NEO | RID.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 4.23% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 12.09% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.06% | 14.95% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 14.10% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 14.98% | -2.31% |
Dividends
FLVI.NEO vs. RID.TO - Dividend Comparison
FLVI.NEO's dividend yield for the trailing twelve months is around 2.76%, less than RID.TO's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF | 2.76% | 3.07% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RID.TO RBC Quant EAFE Dividend Leaders ETF CAD | 2.84% | 3.03% | 3.52% | 3.76% | 4.09% | 2.65% | 3.54% | 4.14% | 4.57% | 3.00% | 3.35% | 3.22% |
Frequently Asked Questions
FLVI.NEO and RID.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.
They also come from different issuers: Franklin Templeton and RBC.
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