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FLVI.NEO vs. ZLB.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FLVI.NEO vs. ZLB.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO).

FLVI.NEO and ZLB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLVI.NEO is a passively managed fund by Franklin Templeton that tracks the performance of the Franklin International ex North America Low Volatility High Dividend Index. It was launched on Mar 25, 2024. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.

Performance

FLVI.NEO vs. ZLB.TO - 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 BMO Low Volatility Canadian Equity ETF (ZLB.TO). The values are adjusted to include any dividend payments, if applicable.

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FLVI.NEO vs. ZLB.TO - Yearly Performance Comparison

2026 (YTD)20252024
FLVI.NEO
Franklin International Low Volatility High Dividend Index ETF		7.35%33.34%9.70%
ZLB.TO
BMO Low Volatility Canadian Equity ETF		1.94%20.31%11.43%

Returns By Period

In the year-to-date period, FLVI.NEO achieves a 7.35% return, which is significantly higher than ZLB.TO's 1.94% return.

FLVI.NEO

1D
0.80%
1M
-1.06%
YTD
7.35%
6M
13.01%
1Y
27.56%
3Y*
—
5Y*
—
10Y*
—

ZLB.TO

1D
0.51%
1M
-2.58%
YTD
1.94%
6M
3.03%
1Y
15.64%
3Y*
13.06%
5Y*
11.69%
10Y*
10.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Franklin International Low Volatility High Dividend Index ETF

BMO Low Volatility Canadian Equity ETF

Often compared with FLVI.NEO:
FLVI.NEO vs. VIDY.TOFLVI.NEO vs. FCID.TOFLVI.NEO vs. VVO.TOFLVI.NEO vs. ZLI.TOFLVI.NEO vs. VDY.TOFLVI.NEO vs. FDVVFLVI.NEO vs. XST.TO
Often compared with ZLB.TO:
ZLB.TO vs. VDY.TOZLB.TO vs. XIU.TOZLB.TO vs. XDIV.TOZLB.TO vs. XMW.TOZLB.TO vs. XBAL.TOZLB.TO vs. XUT.TOZLB.TO vs. XUU-U.TO

FLVI.NEO vs. ZLB.TO - Expense Ratio Comparison

ZLB.TO
BMO Low Volatility Canadian Equity ETF

Return for Risk

FLVI.NEO vs. ZLB.TO — 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: 8787
Overall Rank
FLVI.NEO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
FLVI.NEO Sortino Ratio Rank: 9191
Sortino Ratio Rank
FLVI.NEO Omega Ratio Rank: 9191
Omega Ratio Rank
FLVI.NEO Calmar Ratio Rank: 8484
Calmar Ratio Rank
FLVI.NEO Martin Ratio Rank: 8282
Martin Ratio Rank
ZLB.TO
ZLB.TO Risk / Return Rank: 7878
Overall Rank
ZLB.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ZLB.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
ZLB.TO Omega Ratio Rank: 7777
Omega Ratio Rank
ZLB.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
ZLB.TO Martin Ratio Rank: 7575
Martin Ratio Rank
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. ZLB.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 BMO Low Volatility Canadian Equity ETF (ZLB.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.

FLVI.NEOZLB.TODifference

Sharpe ratio

Return per unit of total volatility

1.91

1.50

+0.41

Sortino ratio

Return per unit of downside risk

2.70

2.01

+0.69

Omega ratio

Gain probability vs. loss probability

1.41

1.30

+0.11

Calmar ratio

Return relative to maximum drawdown

2.70

2.45

+0.24

Martin ratio

Return relative to average drawdown

10.11

8.28

+1.83

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. ZLB.TO - Sharpe Ratio Comparison

The current FLVI.NEO Sharpe Ratio is 1.91, which is comparable to the ZLB.TO Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of FLVI.NEO and ZLB.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FLVI.NEOZLB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.91

1.50

+0.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.23

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.84

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.94

1.12

+0.81

Correlation

The correlation between FLVI.NEO and ZLB.TO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FLVI.NEO vs. ZLB.TO - Dividend Comparison

FLVI.NEO's dividend yield for the trailing twelve months is around 2.37%, more than ZLB.TO's 1.91% yield.

TTM20252024202320222021202020192018201720162015
FLVI.NEO
Franklin International Low Volatility High Dividend Index ETF		2.37%3.07%3.84%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZLB.TO
BMO Low Volatility Canadian Equity ETF		1.91%1.93%2.28%2.56%2.56%2.29%2.72%2.34%2.65%2.42%2.82%2.25%

Drawdowns

FLVI.NEO vs. ZLB.TO - Drawdown Comparison

The maximum FLVI.NEO drawdown since its inception was -11.90%, smaller than the maximum ZLB.TO drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for FLVI.NEO and ZLB.TO.

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Drawdown Indicators

FLVI.NEOZLB.TODifference

Max Drawdown

Largest peak-to-trough decline

-11.90%

-33.96%

+22.06%

Max Drawdown (1Y)

Largest decline over 1 year

-10.04%

-6.53%

-3.51%

Max Drawdown (5Y)

Largest decline over 5 years

—

-13.04%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.96%

—

Current Drawdown

Current decline from peak

-3.06%

-2.58%

-0.48%

Average Drawdown

Average peak-to-trough decline

-1.55%

-2.51%

+0.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

1.94%

+0.74%

Volatility

FLVI.NEO vs. ZLB.TO - Volatility Comparison

Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) has a higher volatility of 4.40% compared to BMO Low Volatility Canadian Equity ETF (ZLB.TO) at 3.63%. This indicates that FLVI.NEO's price experiences larger fluctuations and is considered to be riskier than ZLB.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.NEOZLB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

3.63%

+0.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.50%

7.65%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

14.50%

10.47%

+4.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.01%

9.56%

+3.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.01%

12.19%

+0.82%