FLVI.NEO vs. VOO

Last updated Jun 5, 2026

FLVI.NEO (Franklin International Low Volatility High Dividend Index ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - FLVI.NEO is a International Equity fund tracking the Franklin International ex North America Low Volatility High Dividend Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, FLVI.NEO returned 24.52% vs 31.47% for VOO. At a 0.26 correlation, their price movements are largely independent.

Performance

FLVI.NEO vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLVI.NEO is traded in CAD, while VOO is traded in USD. To make them comparable, the VOO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLVI.NEO achieves a 9.50% return, which is significantly lower than VOO's 12.87% return.

FLVI.NEO

• 1D: 0.51%
• 1M: 0.27%
• YTD: 9.50%
• 6M: 10.93%
• 1Y: 24.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: 0.00%
• 1M: 5.27%
• YTD: 12.87%
• 6M: 11.83%
• 1Y: 31.47%
• 3Y*: 24.12%
• 5Y*: 17.27%
• 10Y*: 16.56%

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

FLVI.NEO vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF	9.50%	33.34%	9.70%
VOO Vanguard S&P 500 ETF	10.16%	12.42%	20.52%

Correlation

The correlation between FLVI.NEO and VOO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024	0.26

The correlation between FLVI.NEO and VOO shifts across timeframes, from 0.26 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FLVI.NEO vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLVI.NEO

FLVI.NEO Risk / Return Rank: 67
FLVI.NEO Sharpe Ratio Rank: 67
FLVI.NEO Sortino Ratio Rank: 67
FLVI.NEO Omega Ratio Rank: 73
FLVI.NEO Calmar Ratio Rank: 66
FLVI.NEO Martin Ratio Rank: 61

VOO

VOO Risk / Return Rank: 66
VOO Sharpe Ratio Rank: 67
VOO Sortino Ratio Rank: 63
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 60
VOO Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLVI.NEO vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.

	FLVI.NEO	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.72	-0.56
Sortino ratio: Return per unit of downside risk	3.04	3.63	-0.59
Omega ratio: Gain probability vs. loss probability	1.43	1.52	-0.09
Calmar ratio: Return relative to maximum drawdown	3.23	3.67	-0.43
Martin ratio: Return relative to average drawdown	10.80	13.96	-3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLVI.NEO vs. VOO - Sharpe Ratio Comparison

The current FLVI.NEO Sharpe Ratio is 2.16, which is comparable to the VOO Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of FLVI.NEO and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLVI.NEO	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.72	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	1.15	+0.72

Drawdowns

FLVI.NEO vs. VOO - Drawdown Comparison

The maximum FLVI.NEO drawdown since its inception was -11.90%, smaller than the maximum VOO drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for FLVI.NEO and VOO.

Drawdown Indicators

	FLVI.NEO	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-11.90%	-27.65%	+15.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-8.62%	+0.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.65%	—
Current Drawdown Current decline from peak	-1.13%	0.00%	-1.13%
Average Drawdown Average peak-to-trough decline	-1.58%	-3.24%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	2.26%	+0.04%

Volatility

FLVI.NEO vs. VOO - Volatility Comparison

Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) has a higher volatility of 3.00% compared to Vanguard S&P 500 ETF (VOO) at 2.33%. This indicates that FLVI.NEO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLVI.NEO	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	2.33%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	8.81%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.53%	11.63%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	14.91%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.82%	16.28%	-3.46%

Dividends

FLVI.NEO vs. VOO - Dividend Comparison

FLVI.NEO's dividend yield for the trailing twelve months is around 2.33%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF	2.33%	3.07%	3.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both FLVI.NEO and VOO in my portfolio?

FLVI.NEO and VOO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FLVI.NEO and VOO?

FLVI.NEO is categorized as International Equity, while VOO is S&P 500. FLVI.NEO tracks Franklin International ex North America Low Volatility High Dividend Index, while VOO tracks S&P 500 Index. They also come from different issuers: Franklin Templeton and Vanguard.