- Issuer
- TD
- Inception Date
- Mar 22, 2016
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
THU.TO Performance Chart
TD U.S. Equity CAD Hedged Index ETF (THU.TO) is up 10.2% since the beginning of the year. THU.TO is currently trading at CA$49 per share. Investors who bought CA$1,000 worth of THU.TO shares 5 years ago would now be looking at an investment worth CA$1,707.
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Returns By Period
TD U.S. Equity CAD Hedged Index ETF (THU.TO) has returned 10.16% so far this year and 20.09% over the past 12 months. Over the last ten years, THU.TO has returned 13.51% per year, falling short of the S&P 500 Index benchmark, which averaged 14.32% annually.
TD U.S. Equity CAD Hedged Index ETF
- 1D
- 0.31%
- 1M
- 0.07%
- 6M
- 9.01%
- YTD
- 10.16%
- 1Y
- 20.09%
- 3Y*
- 18.83%
- 5Y*
- 11.29%
- 10Y*
- 13.51%
Benchmark (S&P 500 Index)
- 1D
- -0.31%
- 1M
- 0.87%
- 6M
- 10.62%
- YTD
- 13.50%
- 1Y
- 24.35%
- 3Y*
- 21.67%
- 5Y*
- 14.33%
- 10Y*
- 14.32%
THU.TO Monthly Returns History
Based on dividend-adjusted daily data since Mar 30, 2016, THU.TO's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +12.6%, while the worst month was Mar 2020 at -12.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, THU.TO closed higher 46% of trading days. The best single day was Apr 9, 2025 with a return of +9.5%, while the worst single day was Mar 9, 2020 at -9.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.19% | -1.09% | -5.15% | 10.46% | 5.23% | -1.08% | 0.91% | 10.16% | |||||
| 2025 | 2.71% | -2.69% | -5.59% | -0.05% | 6.31% | 4.99% | 2.17% | 1.63% | 3.51% | 2.44% | -0.02% | -0.38% | 15.44% |
| 2024 | 1.34% | 5.20% | 2.94% | -3.91% | 4.00% | 4.09% | 0.80% | 1.64% | 2.32% | 0.03% | 6.25% | -2.91% | 23.50% |
| 2023 | 6.12% | -1.40% | 2.91% | 0.69% | 1.95% | 5.91% | 3.18% | -1.69% | -4.69% | -2.36% | 8.47% | 5.53% | 26.50% |
| 2022 | -6.67% | -3.38% | 4.33% | -9.48% | -0.35% | -8.56% | 9.03% | -3.18% | -8.41% | 6.26% | 4.68% | -6.30% | -21.80% |
| 2021 | -0.42% | 2.28% | 4.05% | 4.72% | 0.55% | 2.99% | 2.28% | 2.91% | -3.93% | 5.67% | -0.56% | 4.13% | 27.16% |
Benchmark Metrics
TD U.S. Equity CAD Hedged Index ETF has an annualized alpha of 4.97%, beta of 0.62, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since March 30, 2016.
- Beta of 0.62 may look defensive, but with R2 of 0.47 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.47 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.97%
- Beta
- 0.62
- R²
- 0.47
- Upside Capture
- 96.31%
- Downside Capture
- 96.29%
Return for Risk
Risk / Return Rank
THU.TO ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TD U.S. Equity CAD Hedged Index ETF (THU.TO) and compare them to S&P 500 Index.
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.
| THU.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.67 | -0.56 |
| Martin ratioReturn relative to average drawdown | 9.01 | 9.87 | -0.86 |
Dividends
Dividend History
TD U.S. Equity CAD Hedged Index ETF provided a 0.96% dividend yield over the last twelve months, with an annual payout of CA$0.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | CA$0.47 | CA$0.47 | CA$0.49 | CA$0.38 | CA$0.37 | CA$0.33 | CA$0.34 | CA$0.28 | CA$0.30 | CA$0.30 | CA$0.23 |
Dividend yield | 0.96% | 1.05% | 1.25% | 1.20% | 1.42% | 1.00% | 1.28% | 1.21% | 1.66% | 1.54% | 1.37% |
Monthly Dividends
The table displays the monthly dividend distributions for TD U.S. Equity CAD Hedged Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.20 | |||||
| 2025 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.00 | CA$0.17 | CA$0.47 |
| 2024 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.00 | CA$0.20 | CA$0.49 |
| 2023 | CA$0.00 | CA$0.00 | CA$0.09 | CA$0.00 | CA$0.00 | CA$0.09 | CA$0.00 | CA$0.00 | CA$0.09 | CA$0.00 | CA$0.00 | CA$0.11 | CA$0.38 |
| 2022 | CA$0.00 | CA$0.00 | CA$0.08 | CA$0.00 | CA$0.00 | CA$0.08 | CA$0.00 | CA$0.00 | CA$0.08 | CA$0.00 | CA$0.00 | CA$0.13 | CA$0.37 |
| 2021 | CA$0.00 | CA$0.00 | CA$0.08 | CA$0.00 | CA$0.00 | CA$0.08 | CA$0.00 | CA$0.00 | CA$0.08 | CA$0.00 | CA$0.00 | CA$0.09 | CA$0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TD U.S. Equity CAD Hedged Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TD U.S. Equity CAD Hedged Index ETF was 34.64%, occurring on Mar 23, 2020. Recovery took 103 trading sessions.
The current TD U.S. Equity CAD Hedged Index ETF drawdown is 0.64%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-34.64%Mar 2020 | 1mo 2d | 4mo 29d | 6mo 1dFeb 2020 - Aug 2020 | COVID crash2020 |
-26.37%Oct 2022 | 9mo 15d | 1y 3mo | 2y 23dDec 2021 - Jan 2024 | Bear market2022 |
-19.16%Apr 2025 | 1mo 17d | 2mo 20d | 4mo 7dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-16.04%Dec 2018 | 2mo 19d | 4mo 4d | 6mo 23dOct 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-10.01%Apr 2018 | 2mo 2d | 4mo 7d | 6mo 9dJan 2018 - Aug 2018 | — |
Drawdown Indicators
| THU.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -48.87% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.17% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -19.59% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -26.37% | -23.14% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | -27.97% | -6.67% |
Current DrawdownCurrent decline from peak | -0.64% | -0.82% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -9.63% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.47% | -0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with THU.TO
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