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CNAV vs. CLU.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CNAV vs. CLU.NEO

Last updated Jun 4, 2026

CNAV (Mohr Company Nav ETF) and CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) are both Large Cap Blend Equities funds. CNAV is actively managed, while CLU.NEO is passively managed. Over the past year, CNAV returned 72.64% vs 23.56% for CLU.NEO. At a 0.47 correlation, their price movements are largely independent. CNAV charges 1.31%/yr vs 0.72%/yr for CLU.NEO.

Performance

CNAV vs. CLU.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Company Nav ETF (CNAV) and iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CNAV is traded in USD, while CLU.NEO is traded in CAD. To make them comparable, the CLU.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CNAV achieves a 47.26% return, which is significantly higher than CLU.NEO's 7.34% return.

CNAV

1D
1.11%
1M
21.60%
YTD
47.26%
6M
48.02%
1Y
72.64%
3Y*
—
5Y*
—
10Y*
—

CLU.NEO

1D
-0.57%
1M
-0.54%
YTD
7.34%
6M
10.67%
1Y
23.56%
3Y*
15.62%
5Y*
6.28%
10Y*
10.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CNAV vs. CLU.NEO - Yearly Performance Comparison

2026 (YTD)20252024
CNAV
Mohr Company Nav ETF		47.26%16.80%6.34%
CLU.NEO
iShares US Fundamental Index ETF (CAD-Hedged) Common Class		7.34%20.72%-6.60%

Correlation

The correlation between CNAV and CLU.NEO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2024

0.47

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Mohr Company Nav ETF

iShares US Fundamental Index ETF (CAD-Hedged) Common Class

Often compared with CNAV:
CNAV vs. BGDVCNAV vs. ABIGCNAV vs. PSCXCNAV vs. RWLCCNAV vs. EDGUCNAV vs. FLCECNAV vs. UJUN
Often compared with CLU.NEO:
CLU.NEO vs. FLCCCLU.NEO vs. IUSCLU.NEO vs. RDVYCLU.NEO vs. BCUSCLU.NEO vs. KATCLU.NEO vs. DFNDCLU.NEO vs. FEAC

Return for Risk

CNAV vs. CLU.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CNAV
CNAV Risk / Return Rank: 8787
Overall Rank
CNAV Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
CNAV Sortino Ratio Rank: 8181
Sortino Ratio Rank
CNAV Omega Ratio Rank: 8181
Omega Ratio Rank
CNAV Calmar Ratio Rank: 9090
Calmar Ratio Rank
CNAV Martin Ratio Rank: 9393
Martin Ratio Rank
CLU.NEO
CLU.NEO Risk / Return Rank: 8181
Overall Rank
CLU.NEO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
CLU.NEO Sortino Ratio Rank: 8484
Sortino Ratio Rank
CLU.NEO Omega Ratio Rank: 8787
Omega Ratio Rank
CLU.NEO Calmar Ratio Rank: 7777
Calmar Ratio Rank
CLU.NEO Martin Ratio Rank: 7878
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNAV vs. CLU.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Company Nav ETF (CNAV) and iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO). 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.

CNAVCLU.NEODifference
Sharpe ratioReturn per unit of total volatility
2.91
2.04

+0.87

Sortino ratioReturn per unit of downside risk
3.62
3.03

+0.58

Omega ratioGain probability vs. loss probability

1.48

1.38

+0.10

Calmar ratioReturn relative to maximum drawdown

5.63

2.67

+2.96

Martin ratioReturn relative to average drawdown

24.09

10.24

+13.85

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNAV vs. CLU.NEO - Sharpe Ratio Comparison

The current CNAV Sharpe Ratio is 2.91, which is higher than the CLU.NEO Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of CNAV and CLU.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CNAVCLU.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.91

2.04

+0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.35

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.48

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.62

0.47

+1.14

Drawdowns

CNAV vs. CLU.NEO - Drawdown Comparison

The maximum CNAV drawdown since its inception was -30.06%, smaller than the maximum CLU.NEO drawdown of -45.80%. Use the drawdown chart below to compare losses from any high point for CNAV and CLU.NEO.

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Drawdown Indicators

CNAVCLU.NEODifference

Max Drawdown

Largest peak-to-trough decline

-30.06%

-45.80%

+15.74%

Max Drawdown (1Y)

Largest decline over 1 year

-12.97%

-8.87%

-4.10%

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.06%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.75%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.80%

—

Current Drawdown

Current decline from peak

0.00%

-1.35%

+1.35%

Average Drawdown

Average peak-to-trough decline

-5.42%

-8.55%

+3.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.31%

+0.71%

Volatility

CNAV vs. CLU.NEO - Volatility Comparison

Mohr Company Nav ETF (CNAV) has a higher volatility of 12.28% compared to iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) at 2.43%. This indicates that CNAV's price experiences larger fluctuations and is considered to be riskier than CLU.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CNAVCLU.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.28%

2.43%

+9.85%

Volatility (6M)

Calculated over the trailing 6-month period

21.02%

8.33%

+12.69%

Volatility (1Y)

Calculated over the trailing 1-year period

25.08%

11.60%

+13.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.16%

18.03%

+9.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.16%

21.54%

+5.62%

CNAV vs. CLU.NEO - Expense Ratio Comparison

CNAV has a 1.31% expense ratio, which is higher than CLU.NEO's 0.72% expense ratio.

Dividends

CNAV vs. CLU.NEO - Dividend Comparison

CNAV has not paid dividends to shareholders, while CLU.NEO's dividend yield for the trailing twelve months is around 1.20%.

PositionTTM20252024202320222021202020192018201720162015
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

CNAV and CLU.NEO have a correlation of 0.47, 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: Mohr and iShares. Their fees differ too: 1.31% for CNAV and 0.72% for CLU.NEO.

Portfolio Optimizer

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