BGU.TO vs. TULV.TO
BGU.TO (Bristol Gate Concentrated US Equity ETF) and TULV.TO (TD Q U.S. Low Volatility ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 5 years, BGU.TO returned 9.27%/yr vs 8.33%/yr for TULV.TO. At a 0.27 correlation, their price movements are largely independent.
Performance
BGU.TO vs. TULV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGU.TO achieves a 7.16% return, which is significantly higher than TULV.TO's 5.36% return.
BGU.TO
- 1D
- -0.54%
- 1M
- 0.99%
- 6M
- 3.59%
- YTD
- 7.16%
- 1Y
- 12.19%
- 3Y*
- 13.49%
- 5Y*
- 9.27%
- 10Y*
- —
TULV.TO
- 1D
- -0.42%
- 1M
- 0.73%
- 6M
- 2.53%
- YTD
- 5.36%
- 1Y
- 11.17%
- 3Y*
- 10.87%
- 5Y*
- 8.33%
- 10Y*
- —
BGU.TO vs. TULV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BGU.TO Bristol Gate Concentrated US Equity ETF | 7.16% | 4.62% | 18.85% | 20.28% | -13.23% | 30.22% | 11.14% |
TULV.TO TD Q U.S. Low Volatility ETF | 5.36% | 3.62% | 23.74% | -3.31% | 2.02% | 23.84% | 1.09% |
Correlation
The correlation between BGU.TO and TULV.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.27 |
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Return for Risk
BGU.TO vs. TULV.TO — Risk / Return Rank
BGU.TO
TULV.TO
BGU.TO vs. TULV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated US Equity ETF (BGU.TO) and TD Q U.S. Low Volatility ETF (TULV.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.
| BGU.TO | TULV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.71 | -0.61 |
| Martin ratioReturn relative to average drawdown | 3.07 | 3.83 | -0.76 |
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Drawdowns
BGU.TO vs. TULV.TO - Drawdown Comparison
The maximum BGU.TO drawdown since its inception was -31.66%, which is greater than TULV.TO's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for BGU.TO and TULV.TO.
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Drawdown Indicators
| BGU.TO | TULV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.66% | -11.78% | -19.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -6.56% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -11.39% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -11.78% | -13.68% |
Current DrawdownCurrent decline from peak | -2.10% | -2.78% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -3.59% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.92% | +1.06% |
Volatility
BGU.TO vs. TULV.TO - Volatility Comparison
The current volatility for Bristol Gate Concentrated US Equity ETF (BGU.TO) is 3.40%, while TD Q U.S. Low Volatility ETF (TULV.TO) has a volatility of 4.54%. This indicates that BGU.TO experiences smaller price fluctuations and is considered to be less risky than TULV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGU.TO | TULV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 4.54% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 9.09% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 11.24% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 12.00% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 11.74% | +6.61% |
Dividends
BGU.TO vs. TULV.TO - Dividend Comparison
BGU.TO has not paid dividends to shareholders, while TULV.TO's dividend yield for the trailing twelve months is around 1.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BGU.TO Bristol Gate Concentrated US Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TULV.TO TD Q U.S. Low Volatility ETF | 1.76% | 1.80% | 1.48% | 1.96% | 1.57% | 1.37% | 0.83% |
Frequently Asked Questions
BGU.TO and TULV.TO have a correlation of 0.24, 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: Bristol Gate and TD.
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