PortfoliosLab logoPortfoliosLab logo
TD Q U.S. Low Volatility ETF (TULV.TO)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
TD
Inception Date
May 26, 2020
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Value

Share Price Chart


Loading graphics...

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in TD Q U.S. Low Volatility ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


Loading graphics...

S&P 500 Index

Different Benchmark Currency

TULV.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.

Returns By Period

TD Q U.S. Low Volatility ETF (TULV.TO) has returned 3.26% so far this year and -0.99% over the past 12 months.


TD Q U.S. Low Volatility ETF

1D
0.26%
1M
-3.98%
YTD
3.26%
6M
3.11%
1Y
-0.99%
3Y*
9.28%
5Y*
10.49%
10Y*

Benchmark (S&P 500 Index)

1D
2.80%
1M
-3.22%
YTD
-3.34%
6M
-2.48%
1Y
12.46%
3Y*
17.80%
5Y*
12.48%
10Y*
12.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 3, 2020, TULV.TO's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, your investment would double in approximately 7.7 years.

Historically, 60% of months were positive and 40% were negative. The best month was Jul 2024 with a return of +5.9%, while the worst month was Apr 2025 at -7.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, TULV.TO closed higher 41% of trading days. The best single day was Apr 30, 2021 with a return of +5.8%, while the worst single day was Apr 4, 2025 at -4.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.32%5.10%-3.98%3.26%
20253.50%3.64%0.75%-7.42%0.46%-2.42%2.33%0.91%2.47%-1.15%4.70%-3.52%3.62%
20244.70%2.80%2.42%-2.37%-0.31%1.45%5.94%2.42%1.18%1.78%5.80%-3.84%23.74%
2023-2.20%-0.64%0.95%3.81%-5.12%-0.79%0.66%0.93%-4.05%1.20%2.25%0.00%-3.31%
2022-2.74%-4.06%4.89%1.51%-1.70%-1.98%2.27%0.98%-4.27%5.69%3.36%-1.32%2.02%
2021-0.32%0.00%-1.06%5.75%-0.49%2.77%4.79%3.13%-3.75%1.70%4.03%5.51%23.84%

Benchmark Metrics

TD Q U.S. Low Volatility ETF has an annualized alpha of 6.77%, beta of 0.20, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since June 04, 2020.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (48.24%) than losses (40.02%) — typical of diversified or defensive assets.
  • Beta of 0.20 may look defensive, but with R² of 0.07 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 0.07 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
6.77%
Beta
0.20
0.07
Upside Capture
48.24%
Downside Capture
40.02%

Expense Ratio

TULV.TO has an expense ratio of 0.35%, placing it in the medium range.


Return for Risk

Risk / Return Rank

TULV.TO ranks 11 for risk / return — in the bottom 11% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


TULV.TO Risk / Return Rank: 1111
Overall Rank
TULV.TO Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
TULV.TO Sortino Ratio Rank: 99
Sortino Ratio Rank
TULV.TO Omega Ratio Rank: 99
Omega Ratio Rank
TULV.TO Calmar Ratio Rank: 1313
Calmar Ratio Rank
TULV.TO Martin Ratio Rank: 1212
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for TD Q U.S. Low Volatility ETF (TULV.TO) and compare them to a chosen benchmark (S&P 500 Index).


TULV.TOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.08

0.69

-0.77

Sortino ratio

Return per unit of downside risk

-0.03

1.06

-1.09

Omega ratio

Gain probability vs. loss probability

1.00

1.17

-0.17

Calmar ratio

Return relative to maximum drawdown

0.05

1.14

-1.10

Martin ratio

Return relative to average drawdown

0.09

4.22

-4.13

Explore TULV.TO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

TD Q U.S. Low Volatility ETF provided a 1.77% dividend yield over the last twelve months, with an annual payout of CA$0.41 per share.


0.80%1.00%1.20%1.40%1.60%1.80%2.00%CA$0.00CA$0.10CA$0.20CA$0.30CA$0.40202020212022202320242025
Dividends
Dividend Yield
PeriodTTM202520242023202220212020
DividendCA$0.41CA$0.40CA$0.33CA$0.36CA$0.30CA$0.26CA$0.13

Dividend yield

1.77%1.80%1.48%1.96%1.57%1.37%0.83%

Monthly Dividends

The table displays the monthly dividend distributions for TD Q U.S. Low Volatility ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026CA$0.00CA$0.00CA$0.09CA$0.09
2025CA$0.00CA$0.00CA$0.09CA$0.00CA$0.00CA$0.09CA$0.00CA$0.00CA$0.09CA$0.00CA$0.00CA$0.15CA$0.40
2024CA$0.00CA$0.00CA$0.08CA$0.00CA$0.00CA$0.08CA$0.00CA$0.00CA$0.08CA$0.00CA$0.00CA$0.09CA$0.33
2023CA$0.00CA$0.00CA$0.09CA$0.00CA$0.00CA$0.09CA$0.00CA$0.00CA$0.09CA$0.00CA$0.00CA$0.10CA$0.36
2022CA$0.00CA$0.00CA$0.08CA$0.00CA$0.00CA$0.08CA$0.00CA$0.00CA$0.08CA$0.00CA$0.00CA$0.08CA$0.30
2021CA$0.00CA$0.00CA$0.07CA$0.00CA$0.00CA$0.07CA$0.00CA$0.00CA$0.07CA$0.00CA$0.00CA$0.07CA$0.26

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.


Loading graphics...

Worst Drawdowns

The table below displays the maximum drawdowns of the TD Q U.S. Low Volatility 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 Q U.S. Low Volatility ETF was 11.78%, occurring on Jun 17, 2022. Recovery took 110 trading sessions.

The current TD Q U.S. Low Volatility ETF drawdown is 4.02%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-11.78%Apr 22, 202240Jun 17, 2022110Nov 24, 2022150
-11.39%Mar 4, 202576Jun 19, 2025166Feb 18, 2026242
-10.29%Dec 15, 2022214Oct 24, 202384Feb 23, 2024298
-9.32%Dec 31, 202138Feb 24, 202230Apr 7, 202268
-6.54%Aug 31, 202130Oct 13, 202129Nov 23, 202159

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading graphics...