CLU.TO vs. VSP.TO
Compare and contrast key facts about iShares US Fundamental Index ETF (CLU.TO) and Vanguard S&P 500 CAD-hedged ETF (VSP.TO).
CLU.TO and VSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLU.TO is a passively managed fund by iShares that tracks the performance of the FTSE RAFI US 1000 Canadian Dollar Hedged Index. It was launched on Sep 8, 2006. VSP.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012. Both CLU.TO and VSP.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLU.TO or VSP.TO.
Key characteristics
| CLU.TO | VSP.TO | |
|---|---|---|
| YTD Return | 12.90% | 18.23% |
| 1Y Return | 19.34% | 24.90% |
| 3Y Return (Ann) | 7.30% | 8.40% |
| 5Y Return (Ann) | 10.53% | 13.55% |
| 10Y Return (Ann) | 7.56% | 11.56% |
| Sharpe Ratio | 1.80 | 2.07 |
| Daily Std Dev | 11.50% | 12.55% |
| Max Drawdown | -39.93% | -35.55% |
| Current Drawdown | -1.22% | -0.72% |
Correlation
The correlation between CLU.TO and VSP.TO is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CLU.TO vs. VSP.TO - Performance Comparison
In the year-to-date period, CLU.TO achieves a 12.90% return, which is significantly lower than VSP.TO's 18.23% return. Over the past 10 years, CLU.TO has underperformed VSP.TO with an annualized return of 7.56%, while VSP.TO has yielded a comparatively higher 11.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLU.TO vs. VSP.TO - Expense Ratio Comparison
CLU.TO has a 0.72% expense ratio, which is higher than VSP.TO's 0.09% expense ratio.
Risk-Adjusted Performance
CLU.TO vs. VSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Fundamental Index ETF (CLU.TO) and Vanguard S&P 500 CAD-hedged ETF (VSP.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.
Dividends
CLU.TO vs. VSP.TO - Dividend Comparison
CLU.TO's dividend yield for the trailing twelve months is around 1.23%, more than VSP.TO's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLU.TO iShares US Fundamental Index ETF | 1.23% | 1.35% | 1.63% | 0.82% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VSP.TO Vanguard S&P 500 CAD-hedged ETF | 1.07% | 1.17% | 1.37% | 1.07% | 1.27% | 1.52% | 1.76% | 1.46% | 1.69% | 1.75% | 1.53% | 1.43% |
Drawdowns
CLU.TO vs. VSP.TO - Drawdown Comparison
The maximum CLU.TO drawdown since its inception was -39.93%, which is greater than VSP.TO's maximum drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for CLU.TO and VSP.TO. For additional features, visit the drawdowns tool.
Volatility
CLU.TO vs. VSP.TO - Volatility Comparison
The current volatility for iShares US Fundamental Index ETF (CLU.TO) is 3.85%, while Vanguard S&P 500 CAD-hedged ETF (VSP.TO) has a volatility of 5.24%. This indicates that CLU.TO experiences smaller price fluctuations and is considered to be less risky than VSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.