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iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 5, 2026

The iShares US Fundamental Index ETF (CLU) seeks to replicate, net of expenses, the performance of the FTSE RAFI US 1000 Canadian Dollar Hedged Index. The index includes the 1,000 largest U.S.-listed companies selected and weighted based on fundamental factors such as dividends, free cash flow, sales, and book value, providing exposure that aims to avoid overweighting overvalued stocks and underweighting undervalued stocks. CLU is the CAD-hedged Common Class share, which uses currency hedges to mitigate the impact of fluctuations in the U.S. dollar relative to the Canadian dollar. The ETF is managed by BlackRock Asset Management Canada Limited and was launched on September 8, 2006.

iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) belongs to the Large Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CLU.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to CLU.NEO

CLU.NEO charges 0.72% annually. There are 32 ETFs in the Large Cap Blend Equities category with lower expense ratios, going as low as 0.05%.

SymbolNameExpense RatioAUMInception
ZEQL.TO
BMO MSCI USA Equal Weight Index ETF (CAD Units)0.05%—Feb 2026CLU.NEO vs ZEQL.TO
TPU.TO
TD U.S. Equity Index ETF0.06%5.84BMar 2016CLU.NEO vs TPU.TO
XUU.TO
iShares Core S&P U.S. Total Market Index ETF0.07%4.55BFeb 2015CLU.NEO vs XUU.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETF0.07%5.61BJan 2018CLU.NEO vs QUU.TO
XTOT.TO
iShares Core S&P Total U.S. Stock Market Index ETF0.07%—May 2025CLU.NEO vs XTOT.TO

Best Risk-Adjusted Alternatives to CLU.NEO

CLU.NEO has a PortfoliosLab risk / return rank of 81. There is 1 ETF in the Large Cap Blend Equities category with a higher risk-adjusted rank, going as high as 97.

SymbolNameRisk / Return RankAUMInception
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
97
—May 2024CLU.NEO vs KNGC.TO
CNCL.TO
Global X Enhanced S&P/TSX 60 Covered Call ETF
81
17.25MJul 2023CLU.NEO vs CNCL.TO
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged
80
204.58MJan 2023CLU.NEO vs ETSX.TO
TPU.TO
TD U.S. Equity Index ETF
77
5.84BMar 2016CLU.NEO vs TPU.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
77
—Jul 2024CLU.NEO vs XUSC.TO

Top Performing CLU.NEO Alternatives (YTD)

CLU.NEO is at 8.69% YTD. There are 24 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 31.92%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
31.92%
45.75MSep 2019CLU.NEO vs XMTM.TO
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
19.99%
—May 2024CLU.NEO vs KNGC.TO
ZDY.TO
BMO US Dividend ETF (CAD)
18.38%
865.68MMar 2013CLU.NEO vs ZDY.TO
COW.TO
iShares Global Agriculture Index ETF
15.66%
313.46MDec 2007CLU.NEO vs COW.TO
XHU.TO
iShares U.S. High Dividend Equity Index ETF
14.37%
184.48MFeb 2015CLU.NEO vs XHU.TO

Lowest Volatility Alternatives to CLU.NEO

CLU.NEO has 10.11% 1-year volatility. There are 3 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 8.75%.

SymbolNameVolatility 1YAUMInception
XMS.TO
iShares MSCI Min Vol USA Index ETF (CAD-Hedged)8.75%50.40MApr 2016CLU.NEO vs XMS.TO
XMU.TO
iShares MSCI Min Vol USA Index ETF9.20%327.62MJul 2012CLU.NEO vs XMU.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...10.07%—Jan 2025CLU.NEO vs SMVP.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF10.22%2.46BAug 2013CLU.NEO vs VGG.TO
HBF.TO
Harvest US Equity Leaders Income ETF Class A (CAD ...10.31%665.05MJul 2014CLU.NEO vs HBF.TO

Lowest Drawdown Alternatives to CLU.NEO

CLU.NEO has a 1-year max drawdown of -6.55%. There are 3 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -3.87%.

SymbolNameMax Drawdown 1YAUMInception
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
-3.87%
—May 2024CLU.NEO vs KNGC.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...
-6.44%
—Jan 2025CLU.NEO vs SMVP.TO
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-H...
-6.51%
225.36MAug 2012CLU.NEO vs XHD.TO
TULV.TO
TD Q U.S. Low Volatility ETF
-6.56%
57.40MMay 2020CLU.NEO vs TULV.TO
RUD.TO
RBC Quant U.S. Dividend Leaders ETF (CAD)
-6.65%
942.74MJan 2014CLU.NEO vs RUD.TO

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include XEQT.TO, XDIV.TO, XEI.TO and span 8 categories. AUM among these funds goes as high as $30B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
80
13.22%
18.41BAug 2019CLU.NEO vs XEQT.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
20.26%
5.25BJun 2017CLU.NEO vs XDIV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
23.25%
4.02BApr 2011CLU.NEO vs XEI.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETFCanada Equities
85
12.10%
29.66BFeb 2001CLU.NEO vs XIC.TO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
87
11.56%
22.52BSep 1999CLU.NEO vs XIU.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
67
19.17%
5.56BMay 2011CLU.NEO vs XQQ.TO
XEF.TO
iShares Core MSCI EAFE IMI Index ETFForeign Large Cap Equities
50
10.86%
21.46BApr 2013CLU.NEO vs XEF.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
71
10.70%
4.82BJun 2007CLU.NEO vs XGRO.TO
XUS.TO
iShares Core S&P 500 Index ETFS&P 500
78
12.75%
12.60BApr 2013CLU.NEO vs XUS.TO
XAW.TO
iShares Core MSCI All Country World ex Canada Inde...Global Equities
80
14.15%
4.25BFeb 2015CLU.NEO vs XAW.TO

Often Compared With CLU.NEO

Investors most often compare CLU.NEO with FLCC, IUS, RDVY. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FLCC
Federated Hermes MDT Large Cap Core ETFLarge Cap Blend Equities
52
9.28%
48.70MJul 2024CLU.NEO vs FLCC
IUS
Invesco RAFI Strategic US ETFLarge Cap Blend Equities
92
16.26%
860.84MSep 2018CLU.NEO vs IUS
RDVY
First Trust Rising Dividend Achievers ETFLarge Cap Blend Equities, Dividend
63
11.06%
22.37BJan 2014CLU.NEO vs RDVY
BCUS
Bancreek U.S. Large Cap ETFLarge Cap Blend Equities
33
11.23%
96.41MDec 2023CLU.NEO vs BCUS
KAT
Scharf ETFLarge Cap Blend Equities—
1.07%
758.58MAug 2025CLU.NEO vs KAT
DFND
Siren DIVCON Dividend Defender ETFLarge Cap Blend Equities, Dividend
11
0.00%
8.98MJan 2016CLU.NEO vs DFND
FEAC
Fidelity Enhanced U.S. All-Cap Equity ETFLarge Cap Blend Equities
77
12.79%
—Nov 2024CLU.NEO vs FEAC
VTI
Vanguard Total Stock Market ETFLarge Cap Blend Equities
73
11.72%
2.20TMay 2001CLU.NEO vs VTI
FDVV
Fidelity High Dividend ETFLarge Cap Blend Equities, Dividend
70
8.92%
9.18BSep 2016CLU.NEO vs FDVV
ABIG
Argent Large Cap ETFLarge Cap Blend Equities
37
7.21%
37.64MApr 2025CLU.NEO vs ABIG
FMAY
FT Cboe Vest U.S. Equity Buffer ETF - MayLarge Cap Blend Equities
84
5.65%
1.22BMay 2020CLU.NEO vs FMAY
CNAV
Mohr Company Nav ETFLarge Cap Blend Equities
85
45.35%
—Sep 2024CLU.NEO vs CNAV
WLTG
WealthTrust DBS Long Term Growth ETFLarge Cap Blend Equities
66
8.40%
65.12MDec 2021CLU.NEO vs WLTG
FLUS.TO
Franklin U.S. Large Cap Multifactor Index ETFLarge Cap Blend Equities
65
14.22%
136.12MMay 2017CLU.NEO vs FLUS.TO
POWA
Invesco Bloomberg Pricing Power ETFLarge Cap Blend Equities
15
-1.68%
176.97MDec 2006CLU.NEO vs POWA
JHAC
John Hancock Fundamental All Cap Core ETFLarge Cap Blend Equities
20
0.53%
3.61MNov 2023CLU.NEO vs JHAC
MOAT
VanEck Morningstar Wide Moat ETFLarge Cap Blend Equities
30
-0.07%
11.84BApr 2012CLU.NEO vs MOAT
ABFL
Abacus FCF Leaders ETFLarge Cap Blend Equities
45
17.95%
478.73MSep 2016CLU.NEO vs ABFL
DTD
WisdomTree U.S. Total Dividend FundLarge Cap Value Equities, Dividend
78
10.81%
1.58BJun 2006CLU.NEO vs DTD
DUHP
DFA Dimensional US High Profitability ETFLarge Cap Blend Equities
56
9.85%
12.08BFeb 2022CLU.NEO vs DUHP

Compare CLU.NEO with Any Fund or Stock

Compare CLU.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair CLU.NEO with funds that move differently

iShares US Fundamental Index ETF (CAD-Hedged) Common Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CLU.NEO.

Explore CLU.NEO Diversifiers