VVO.TO vs. FLVI.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Global Minimum Volatility ETF (VVO.TO) and Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO).

VVO.TO and FLVI.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VVO.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 14, 2016. 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. Both VVO.TO and FLVI.NEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VVO.TO vs. FLVI.NEO - Performance Comparison

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

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

	2026 (YTD)	2025	2024
VVO.TO Vanguard Global Minimum Volatility ETF	1.93%	9.74%	5.60%
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF	6.07%	33.34%	9.70%

Returns By Period

In the year-to-date period, VVO.TO achieves a 1.93% return, which is significantly lower than FLVI.NEO's 6.07% return.

VVO.TO

• 1D: 1.39%
• 1M: -4.93%
• YTD: 1.93%
• 6M: 3.00%
• 1Y: 7.26%
• 3Y*: 10.09%
• 5Y*: 5.94%
• 10Y*: —

FLVI.NEO

• 1D: 1.34%
• 1M: -3.93%
• YTD: 6.07%
• 6M: 12.40%
• 1Y: 25.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

VVO.TO

Vanguard Global Minimum Volatility ETF

Return for Risk

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

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

VVO.TO

VVO.TO Risk / Return Rank: 39
VVO.TO Sharpe Ratio Rank: 37
VVO.TO Sortino Ratio Rank: 34
VVO.TO Omega Ratio Rank: 38
VVO.TO Calmar Ratio Rank: 40
VVO.TO Martin Ratio Rank: 45

FLVI.NEO

FLVI.NEO Risk / Return Rank: 86
FLVI.NEO Sharpe Ratio Rank: 86
FLVI.NEO Sortino Ratio Rank: 89
FLVI.NEO Omega Ratio Rank: 90
FLVI.NEO Calmar Ratio Rank: 83
FLVI.NEO Martin Ratio Rank: 82

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility ETF (VVO.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.

	VVO.TO	FLVI.NEO	Difference
Sharpe ratio Return per unit of total volatility	0.69	1.78	-1.08
Sortino ratio Return per unit of downside risk	0.99	2.53	-1.54
Omega ratio Gain probability vs. loss probability	1.15	1.38	-0.23
Calmar ratio Return relative to maximum drawdown	1.04	2.44	-1.39
Martin ratio Return relative to average drawdown	4.28	9.35	-5.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VVO.TO Sharpe Ratio is 0.69, which is lower than the FLVI.NEO Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of VVO.TO and FLVI.NEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VVO.TO	FLVI.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	1.78	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.88	-1.32

Correlation

The correlation between VVO.TO and FLVI.NEO is 0.34, 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

VVO.TO vs. FLVI.NEO - Dividend Comparison

VVO.TO's dividend yield for the trailing twelve months is around 2.09%, more than FLVI.NEO's 1.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
VVO.TO Vanguard Global Minimum Volatility ETF	2.09%	2.13%	2.05%	2.68%	1.55%	2.30%	2.23%	2.22%	1.87%	2.07%	0.71%
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF	1.99%	3.07%	3.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VVO.TO vs. FLVI.NEO - Drawdown Comparison

The maximum VVO.TO drawdown since its inception was -33.20%, 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 VVO.TO and FLVI.NEO.

Drawdown Indicators

	VVO.TO	FLVI.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-33.20%	-11.90%	-21.30%
Max Drawdown (1Y) Largest decline over 1 year	-6.98%	-10.04%	+3.06%
Max Drawdown (5Y) Largest decline over 5 years	-14.37%	—	—
Current Drawdown Current decline from peak	-5.00%	-4.22%	-0.78%
Average Drawdown Average peak-to-trough decline	-3.47%	-1.55%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	2.71%	-1.01%

Volatility

VVO.TO vs. FLVI.NEO - Volatility Comparison

The current volatility for Vanguard Global Minimum Volatility ETF (VVO.TO) is 3.56%, while Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) has a volatility of 4.65%. This indicates that VVO.TO experiences smaller price fluctuations and is considered to be less risky than FLVI.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVO.TO	FLVI.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	4.65%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	5.81%	7.39%	-1.58%
Volatility (1Y) Calculated over the trailing 1-year period	10.53%	14.45%	-3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.82%	12.99%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.15%	12.99%	-0.84%