ZLD.TO vs. FCRI.TO
ZLD.TO (BMO Low Volatility International Equity Hedged to CAD ETF) and FCRI.TO (Franklin International Core Equity Fund ETF Series) are both Foreign Large Cap Equities funds. Over the past year, ZLD.TO returned 6.87% vs 26.72% for FCRI.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
ZLD.TO vs. FCRI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZLD.TO achieves a 5.39% return, which is significantly lower than FCRI.TO's 10.44% return.
ZLD.TO
- 1D
- 0.13%
- 1M
- 2.28%
- 6M
- 4.69%
- YTD
- 5.39%
- 1Y
- 6.87%
- 3Y*
- 10.16%
- 5Y*
- 6.27%
- 10Y*
- 6.54%
FCRI.TO
- 1D
- -0.95%
- 1M
- 1.83%
- 6M
- 10.58%
- YTD
- 10.44%
- 1Y
- 26.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZLD.TO vs. FCRI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZLD.TO BMO Low Volatility International Equity Hedged to CAD ETF | 5.39% | 0.25% |
FCRI.TO Franklin International Core Equity Fund ETF Series | 10.44% | 15.58% |
Correlation
The correlation between ZLD.TO and FCRI.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.24 |
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Return for Risk
ZLD.TO vs. FCRI.TO — Risk / Return Rank
ZLD.TO
FCRI.TO
ZLD.TO vs. FCRI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) and Franklin International Core Equity Fund ETF Series (FCRI.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.
| ZLD.TO | FCRI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.74 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.40 | -1.43 |
| Martin ratioReturn relative to average drawdown | 2.08 | 9.72 | -7.64 |
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Drawdowns
ZLD.TO vs. FCRI.TO - Drawdown Comparison
The maximum ZLD.TO drawdown since its inception was -28.97%, which is greater than FCRI.TO's maximum drawdown of -11.34%. Use the drawdown chart below to compare losses from any high point for ZLD.TO and FCRI.TO.
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Drawdown Indicators
| ZLD.TO | FCRI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.97% | -11.34% | -17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -11.34% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.97% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -2.45% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -1.48% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.79% | +0.52% |
Volatility
ZLD.TO vs. FCRI.TO - Volatility Comparison
The current volatility for BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) is 2.09%, while Franklin International Core Equity Fund ETF Series (FCRI.TO) has a volatility of 2.99%. This indicates that ZLD.TO experiences smaller price fluctuations and is considered to be less risky than FCRI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZLD.TO | FCRI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 2.99% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 6.39% | 11.72% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 14.06% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.98% | 14.00% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.82% | 14.00% | -1.18% |
Dividends
ZLD.TO vs. FCRI.TO - Dividend Comparison
ZLD.TO's dividend yield for the trailing twelve months is around 2.19%, less than FCRI.TO's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCRI.TO Franklin International Core Equity Fund ETF Series | 2.54% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZLD.TO BMO Low Volatility International Equity Hedged to CAD ETF | 2.19% | 2.29% | 2.45% | 2.66% | 2.62% | 2.31% | 2.62% | 2.17% | 2.36% | 2.23% | 1.96% |
Frequently Asked Questions
ZLD.TO and FCRI.TO have a correlation of 0.26, 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: BMO and Franklin Templeton.
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