PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CUD.TO vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

CUD.TO vs. ^GSPC

Last updated Jun 4, 2026

CUD.TO (iShares US Dividend Growers Index ETF (CAD-Hedged)) is Large Cap Value Equities fund tracking the S&P High Yield Dividend Aristocrats CAD Hedged Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CUD.TO returned 5.98%/yr vs 14.52%/yr for ^GSPC. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

CUD.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

CUD.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CUD.TO achieves a 5.32% return, which is significantly lower than ^GSPC's 12.12% return. Over the past 10 years, CUD.TO has underperformed ^GSPC with an annualized return of 5.98%, while ^GSPC has yielded a comparatively higher 14.52% annualized return.

CUD.TO

1D
-0.28%
1M
-0.09%
YTD
5.32%
6M
1.10%
1Y
4.69%
3Y*
5.56%
5Y*
1.77%
10Y*
5.98%

^GSPC

1D
0.00%
1M
7.35%
YTD
12.12%
6M
10.22%
1Y
28.58%
3Y*
22.37%
5Y*
15.58%
10Y*
14.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CUD.TO vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CUD.TO
iShares US Dividend Growers Index ETF (CAD-Hedged)		5.32%1.72%6.13%0.09%-2.31%18.87%-2.58%21.16%-5.23%14.50%
^GSPC
S&P 500 Index		11.75%11.05%33.90%21.49%-13.70%25.75%14.29%22.54%1.71%11.82%

Correlation

The correlation between CUD.TO and ^GSPC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2011

0.57

Over the past year, the correlation between CUD.TO and ^GSPC has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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

iShares US Dividend Growers Index ETF (CAD-Hedged)

S&P 500 Index

Often compared with CUD.TO:
CUD.TO vs. CDZ.TOCUD.TO vs. XHU.TOCUD.TO vs. DGROCUD.TO vs. CYH.TOCUD.TO vs. SCHDCUD.TO vs. VDY.TOCUD.TO vs. VFV.TO
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

CUD.TO vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CUD.TO
CUD.TO Risk / Return Rank: 1515
Overall Rank
CUD.TO Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
CUD.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
CUD.TO Omega Ratio Rank: 1414
Omega Ratio Rank
CUD.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
CUD.TO Martin Ratio Rank: 1616
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 7373
Overall Rank
^GSPC Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7171
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7272
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 6767
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8181
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.

CUD.TO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO) and S&P 500 Index (^GSPC). 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.

CUD.TO^GSPCDifference
Sharpe ratioReturn per unit of total volatility
0.40
2.46

-2.06

Sortino ratioReturn per unit of downside risk
0.64
3.32

-2.68

Omega ratioGain probability vs. loss probability

1.08

1.47

-0.39

Calmar ratioReturn relative to maximum drawdown

0.64

3.24

-2.60

Martin ratioReturn relative to average drawdown

1.57

12.23

-10.66

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

CUD.TO vs. ^GSPC - Sharpe Ratio Comparison

The current CUD.TO Sharpe Ratio is 0.40, which is lower than the ^GSPC Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of CUD.TO and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

CUD.TO^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.40

2.46

-2.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

1.05

-0.92

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.89

-0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.99

-0.39

Drawdowns

CUD.TO vs. ^GSPC - Drawdown Comparison

The maximum CUD.TO drawdown since its inception was -38.36%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for CUD.TO and ^GSPC.

Loading charts...

Drawdown Indicators

CUD.TO^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-38.36%

-27.59%

-10.77%

Max Drawdown (1Y)

Largest decline over 1 year

-7.34%

-8.86%

+1.52%

Max Drawdown (3Y)

Largest decline over 3 years

-15.28%

-19.23%

+3.95%

Max Drawdown (5Y)

Largest decline over 5 years

-18.06%

-22.60%

+4.54%

Max Drawdown (10Y)

Largest decline over 10 years

-38.36%

-27.59%

-10.77%

Current Drawdown

Current decline from peak

-4.84%

0.00%

-4.84%

Average Drawdown

Average peak-to-trough decline

-4.09%

-3.51%

-0.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

2.34%

+0.66%

Volatility

CUD.TO vs. ^GSPC - Volatility Comparison

iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO) and S&P 500 Index (^GSPC) have volatilities of 2.69% and 2.69%, 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.

Loading charts...

Volatility by Period

CUD.TO^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.69%

2.69%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

8.82%

8.85%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

11.74%

11.70%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.67%

14.99%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.20%

16.33%

+0.87%

Frequently Asked Questions

CUD.TO and ^GSPC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for CUD.TO and ^GSPC

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer