CLU.NEO vs. XMS.TO
CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) and XMS.TO (iShares MSCI Min Vol USA Index ETF (CAD-Hedged)) are both Large Cap Blend Equities funds from iShares - CLU.NEO tracks the FTSE RAFI US 1000 Canadian Dollar Hedged Index while XMS.TO tracks the MSCI USA Minimum Volatility (USD) 100% Hedged to CAD Index. Both are passively managed. Over the past 10 years, CLU.NEO returned 11.02%/yr vs 7.82%/yr for XMS.TO. At a 0.47 correlation, their price movements are largely independent. CLU.NEO charges 0.72%/yr vs 0.33%/yr for XMS.TO.
Performance
CLU.NEO vs. XMS.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 higher than XMS.TO's 1.17% return. Over the past 10 years, CLU.NEO has outperformed XMS.TO with an annualized return of 11.02%, while XMS.TO has yielded a comparatively lower 7.82% annualized 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%
XMS.TO
- 1D
- -0.36%
- 1M
- 2.18%
- YTD
- 1.17%
- 6M
- -0.48%
- 1Y
- 0.21%
- 3Y*
- 8.89%
- 5Y*
- 5.12%
- 10Y*
- 7.82%
CLU.NEO vs. XMS.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% | 14.83% |
XMS.TO iShares MSCI Min Vol USA Index ETF (CAD-Hedged) | 1.17% | 3.71% | 14.23% | 7.84% | -11.15% | 21.02% | 1.81% | 26.70% | -1.63% | 16.85% |
Correlation
The correlation between CLU.NEO and XMS.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2016 | 0.47 |
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Return for Risk
CLU.NEO vs. XMS.TO — Risk / Return Rank
CLU.NEO
XMS.TO
CLU.NEO vs. XMS.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 iShares MSCI Min Vol USA Index ETF (CAD-Hedged) (XMS.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 | XMS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.01 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 0.01 | +3.85 |
| Martin ratioReturn relative to average drawdown | 14.84 | 0.03 | +14.81 |
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 | XMS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 0.01 | +2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.43 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.53 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.54 | +0.07 |
Drawdowns
CLU.NEO vs. XMS.TO - Drawdown Comparison
The maximum CLU.NEO drawdown since its inception was -39.93%, which is greater than XMS.TO's maximum drawdown of -36.48%. Use the drawdown chart below to compare losses from any high point for CLU.NEO and XMS.TO.
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Drawdown Indicators
| CLU.NEO | XMS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.93% | -36.48% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -6.91% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -9.82% | -6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.66% | -19.23% | -1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | -36.48% | -3.45% |
Current DrawdownCurrent decline from peak | -0.70% | -1.73% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -4.26% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.54% | -0.84% |
Volatility
CLU.NEO vs. XMS.TO - Volatility Comparison
iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) and iShares MSCI Min Vol USA Index ETF (CAD-Hedged) (XMS.TO) have volatilities of 2.30% and 2.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLU.NEO | XMS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.35% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 6.14% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 8.75% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 12.11% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 14.74% | +3.34% |
CLU.NEO vs. XMS.TO - Expense Ratio Comparison
CLU.NEO has a 0.72% expense ratio, which is higher than XMS.TO's 0.33% expense ratio.
Dividends
CLU.NEO vs. XMS.TO - Dividend Comparison
CLU.NEO's dividend yield for the trailing twelve months is around 1.20%, more than XMS.TO's 1.18% 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% |
XMS.TO iShares MSCI Min Vol USA Index ETF (CAD-Hedged) | 1.18% | 1.08% | 1.21% | 1.38% | 1.20% | 0.99% | 1.66% | 1.40% | 1.54% | 1.53% | 1.43% | 0.00% |
Frequently Asked Questions
CLU.NEO and XMS.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMS.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMS.TO is cheaper with a 0.33% expense ratio, compared with 0.72% for CLU.NEO.
CLU.NEO tracks FTSE RAFI US 1000 Canadian Dollar Hedged Index, while XMS.TO tracks MSCI USA Minimum Volatility (USD) 100% Hedged to CAD Index. Their fees differ too: 0.72% for CLU.NEO and 0.33% for XMS.TO.
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