VEE.TO vs. FLVI.NEO

Last updated Jun 4, 2026

VEE.TO (Vanguard FTSE Emerging Markets All Cap Index ETF) and FLVI.NEO (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - VEE.TO is a Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion Index, while FLVI.NEO is a International Equity fund tracking the Franklin International ex North America Low Volatility High Dividend Index. Both are passively managed. Over the past year, VEE.TO returned 31.71% vs 23.74% for FLVI.NEO. At a 0.39 correlation, their price movements are largely independent.

Performance

VEE.TO vs. FLVI.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) and Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEE.TO achieves a 13.54% return, which is significantly higher than FLVI.NEO's 8.94% return.

VEE.TO

• 1D: -0.90%
• 1M: 4.93%
• YTD: 13.54%
• 6M: 12.96%
• 1Y: 31.71%
• 3Y*: 18.62%
• 5Y*: 7.50%
• 10Y*: 9.01%

FLVI.NEO

• 1D: -1.14%
• 1M: 0.75%
• YTD: 8.94%
• 6M: 8.90%
• 1Y: 23.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
VEE.TO Vanguard FTSE Emerging Markets All Cap Index ETF	13.54%	19.32%	14.73%
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF	8.94%	33.34%	9.70%

Correlation

The correlation between VEE.TO and FLVI.NEO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024	0.39

Return for Risk

VEE.TO vs. FLVI.NEO — Risk / Return Rank

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

VEE.TO

VEE.TO Risk / Return Rank: 60
VEE.TO Sharpe Ratio Rank: 60
VEE.TO Sortino Ratio Rank: 60
VEE.TO Omega Ratio Rank: 63
VEE.TO Calmar Ratio Rank: 59
VEE.TO Martin Ratio Rank: 59

FLVI.NEO

FLVI.NEO Risk / Return Rank: 63
FLVI.NEO Sharpe Ratio Rank: 62
FLVI.NEO Sortino Ratio Rank: 62
FLVI.NEO Omega Ratio Rank: 67
FLVI.NEO Calmar Ratio Rank: 62
FLVI.NEO Martin Ratio Rank: 60

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.

VEE.TO vs. FLVI.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) and Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO). 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.

	VEE.TO	FLVI.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.07	+0.01
Sortino ratio: Return per unit of downside risk	2.90	2.92	-0.01
Omega ratio: Gain probability vs. loss probability	1.39	1.41	-0.02
Calmar ratio: Return relative to maximum drawdown	2.97	3.09	-0.13
Martin ratio: Return relative to average drawdown	10.74	10.33	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEE.TO vs. FLVI.NEO - Sharpe Ratio Comparison

The current VEE.TO Sharpe Ratio is 2.08, which is comparable to the FLVI.NEO Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of VEE.TO and FLVI.NEO, 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

	VEE.TO	FLVI.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.07	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.86	-1.42

Drawdowns

VEE.TO vs. FLVI.NEO - Drawdown Comparison

The maximum VEE.TO drawdown since its inception was -29.84%, which is greater than FLVI.NEO's maximum drawdown of -11.90%. Use the drawdown chart below to compare losses from any high point for VEE.TO and FLVI.NEO.

Drawdown Indicators

	VEE.TO	FLVI.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-29.84%	-11.90%	-17.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-7.71%	-3.03%
Max Drawdown (3Y) Largest decline over 3 years	-14.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.84%	—	—
Current Drawdown Current decline from peak	-0.90%	-1.63%	+0.73%
Average Drawdown Average peak-to-trough decline	-8.73%	-1.58%	-7.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.30%	+0.66%

Volatility

VEE.TO vs. FLVI.NEO - Volatility Comparison

Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) has a higher volatility of 6.04% compared to Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) at 3.02%. This indicates that VEE.TO's price experiences larger fluctuations and is considered to be riskier than FLVI.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEE.TO	FLVI.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	3.02%	+3.02%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	7.76%	+5.10%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	11.54%	+3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	12.82%	+2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	12.82%	+4.15%

Dividends

VEE.TO vs. FLVI.NEO - Dividend Comparison

VEE.TO's dividend yield for the trailing twelve months is around 1.91%, less than FLVI.NEO's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF	2.34%	3.07%	3.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEE.TO Vanguard FTSE Emerging Markets All Cap Index ETF	1.91%	2.26%	2.45%	2.83%	3.35%	2.18%	1.61%	2.71%	2.21%	1.89%	1.99%	2.53%

Frequently Asked Questions

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

VEE.TO and FLVI.NEO 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.

What is the main difference between VEE.TO and FLVI.NEO?

VEE.TO is categorized as Emerging Markets Equities, while FLVI.NEO is International Equity. VEE.TO tracks FTSE Emerging Markets All Cap China A Inclusion Index, while FLVI.NEO tracks Franklin International ex North America Low Volatility High Dividend Index. They also come from different issuers: Vanguard and Franklin Templeton.