CLU.NEO vs. FLUS.TO
CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) and FLUS.TO (Franklin U.S. Large Cap Multifactor Index ETF) are both Large Cap Blend Equities funds - CLU.NEO tracks the FTSE RAFI US 1000 Canadian Dollar Hedged Index while FLUS.TO tracks the LibertyQ U.S. Large Cap Equity Index. Both are passively managed. Over the past 5 years, CLU.NEO returned 9.30%/yr vs 16.87%/yr for FLUS.TO. At a 0.45 correlation, their price movements are largely independent. CLU.NEO charges 0.72%/yr vs 0.29%/yr for FLUS.TO.
Performance
CLU.NEO vs. FLUS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CLU.NEO achieves a 8.69% return, which is significantly lower than FLUS.TO's 14.22% 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%
FLUS.TO
- 1D
- 0.53%
- 1M
- 7.72%
- YTD
- 14.22%
- 6M
- 8.80%
- 1Y
- 27.40%
- 3Y*
- 23.36%
- 5Y*
- 16.87%
- 10Y*
- —
CLU.NEO vs. FLUS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLU.NEO iShares US Fundamental Index ETF (CAD-Hedged) Common Class | 8.69% | 15.20% | 14.82% | 13.13% | -9.37% | 31.13% | 3.57% | 25.41% | -11.16% | 10.20% |
FLUS.TO Franklin U.S. Large Cap Multifactor Index ETF | 14.22% | 10.48% | 34.58% | 20.92% | -10.01% | 25.42% | 8.39% | 21.78% | 4.67% | 8.71% |
Correlation
The correlation between CLU.NEO and FLUS.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2017 | 0.45 |
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Return for Risk
CLU.NEO vs. FLUS.TO — Risk / Return Rank
CLU.NEO
FLUS.TO
CLU.NEO vs. FLUS.TO - 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 Franklin U.S. Large Cap Multifactor Index ETF (FLUS.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.
| CLU.NEO | FLUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.42 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.98 | +0.88 |
| Martin ratioReturn relative to average drawdown | 14.84 | 11.08 | +3.76 |
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 | FLUS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.09 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.16 | -0.52 |
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 | 0.95 | -0.34 |
Drawdowns
CLU.NEO vs. FLUS.TO - Drawdown Comparison
The maximum CLU.NEO drawdown since its inception was -39.93%, which is greater than FLUS.TO's maximum drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for CLU.NEO and FLUS.TO.
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Drawdown Indicators
| CLU.NEO | FLUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.93% | -28.25% | -11.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -9.24% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -18.83% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.66% | -19.13% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -3.65% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.48% | -0.78% |
Volatility
CLU.NEO vs. FLUS.TO - Volatility Comparison
The current volatility for iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) is 2.30%, while Franklin U.S. Large Cap Multifactor Index ETF (FLUS.TO) has a volatility of 3.91%. This indicates that CLU.NEO experiences smaller price fluctuations and is considered to be less risky than FLUS.TO 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 | FLUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.91% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 10.68% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 13.16% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 14.64% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 15.83% | +2.25% |
CLU.NEO vs. FLUS.TO - Expense Ratio Comparison
CLU.NEO has a 0.72% expense ratio, which is higher than FLUS.TO's 0.29% expense ratio.
Dividends
CLU.NEO vs. FLUS.TO - Dividend Comparison
CLU.NEO's dividend yield for the trailing twelve months is around 1.20%, more than FLUS.TO's 0.62% yield.
| 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% |
FLUS.TO Franklin U.S. Large Cap Multifactor Index ETF | 0.62% | 0.73% | 0.91% | 1.20% | 1.72% | 1.74% | 1.62% | 1.83% | 1.66% | 0.51% | 0.00% | 0.00% |
Frequently Asked Questions
CLU.NEO and FLUS.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLUS.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLUS.TO is cheaper with a 0.29% expense ratio, compared with 0.72% for CLU.NEO.
CLU.NEO tracks FTSE RAFI US 1000 Canadian Dollar Hedged Index, while FLUS.TO tracks LibertyQ U.S. Large Cap Equity Index. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.72% for CLU.NEO and 0.29% for FLUS.TO.
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