CLU.NEO vs. CNAV
CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) and CNAV (Mohr Company Nav ETF) are both Large Cap Blend Equities funds. CLU.NEO is passively managed, while CNAV is actively managed. Over the past year, CLU.NEO returned 24.65% vs 72.64% for CNAV. At a 0.44 correlation, their price movements are largely independent. CLU.NEO charges 0.72%/yr vs 1.31%/yr for CNAV.
Performance
CLU.NEO vs. CNAV - Performance Comparison
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Different Trading Currencies
CLU.NEO is traded in CAD, while CNAV is traded in USD. To make them comparable, the CNAV values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CLU.NEO achieves a 8.69% return, which is significantly lower than CNAV's 47.35% return.
CLU.NEO
- 1D
- -0.17%
- 1M
- 1.57%
- YTD
- 8.69%
- 6M
- 10.48%
- 1Y
- 24.65%
- 3Y*
- 16.95%
- 5Y*
- 9.30%
- 10Y*
- 11.02%
CNAV
- 1D
- -1.20%
- 1M
- 18.07%
- YTD
- 47.35%
- 6M
- 44.49%
- 1Y
- 72.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLU.NEO vs. CNAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CLU.NEO iShares US Fundamental Index ETF (CAD-Hedged) Common Class | 8.69% | 15.20% | -0.42% |
CNAV Mohr Company Nav ETF | 47.35% | 11.44% | 13.36% |
Correlation
The correlation between CLU.NEO and CNAV is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.44 |
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Return for Risk
CLU.NEO vs. CNAV — Risk / Return Rank
CLU.NEO
CNAV
CLU.NEO vs. CNAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) and Mohr Company Nav ETF (CNAV). 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.
| CLU.NEO | CNAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.49 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 6.41 | -2.55 |
| Martin ratioReturn relative to average drawdown | 14.84 | 24.68 | -9.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLU.NEO | CNAV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.95 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.70 | -1.09 |
Drawdowns
CLU.NEO vs. CNAV - Drawdown Comparison
The maximum CLU.NEO drawdown since its inception was -39.93%, which is greater than CNAV's maximum drawdown of -30.77%. Use the drawdown chart below to compare losses from any high point for CLU.NEO and CNAV.
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Drawdown Indicators
| CLU.NEO | CNAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.93% | -30.77% | -9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -11.39% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -1.20% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -6.38% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.95% | -1.25% |
Volatility
CLU.NEO vs. CNAV - Volatility Comparison
The current volatility for iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) is 2.30%, while Mohr Company Nav ETF (CNAV) has a volatility of 12.03%. This indicates that CLU.NEO experiences smaller price fluctuations and is considered to be less risky than CNAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLU.NEO | CNAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 12.03% | -9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 20.76% | -13.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 24.73% | -14.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 26.68% | -12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 26.68% | -8.60% |
CLU.NEO vs. CNAV - Expense Ratio Comparison
CLU.NEO has a 0.72% expense ratio, which is lower than CNAV's 1.31% expense ratio.
Dividends
CLU.NEO vs. CNAV - Dividend Comparison
CLU.NEO's dividend yield for the trailing twelve months is around 1.20%, while CNAV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLU.NEO iShares US Fundamental Index ETF (CAD-Hedged) Common Class | 1.20% | 1.31% | 1.32% | 1.35% | 1.63% | 1.19% | 1.66% | 1.46% | 1.77% | 1.46% | 1.63% | 1.87% |
CNAV Mohr Company Nav ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLU.NEO and CNAV have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLU.NEO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLU.NEO is cheaper with a 0.72% expense ratio, compared with 1.31% for CNAV.
They also come from different issuers: iShares and Mohr. Their fees differ too: 0.72% for CLU.NEO and 1.31% for CNAV.
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