CUD.TO vs. ^GSPC
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 6.37%/yr vs 14.84%/yr for ^GSPC. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
CUD.TO vs. ^GSPC - Performance Comparison
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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 6.79% return, which is significantly lower than ^GSPC's 11.24% return. Over the past 10 years, CUD.TO has underperformed ^GSPC with an annualized return of 6.37%, while ^GSPC has yielded a comparatively higher 14.84% annualized return.
CUD.TO
- 1D
- -0.07%
- 1M
- 1.18%
- YTD
- 6.79%
- 6M
- 2.10%
- 1Y
- 7.18%
- 3Y*
- 6.58%
- 5Y*
- 2.85%
- 10Y*
- 6.37%
^GSPC
- 1D
- -1.55%
- 1M
- 1.29%
- YTD
- 11.24%
- 6M
- 9.77%
- 1Y
- 25.97%
- 3Y*
- 22.19%
- 5Y*
- 14.72%
- 10Y*
- 14.84%
CUD.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUD.TO iShares US Dividend Growers Index ETF (CAD-Hedged) | 6.79% | 1.82% | 6.21% | 0.19% | -2.23% | 19.11% | -2.35% | 21.38% | -5.05% | 14.67% |
^GSPC S&P 500 Index | 11.24% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
Correlation
The correlation between CUD.TO and ^GSPC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | 0.63 |
Over the past year, the correlation between CUD.TO and ^GSPC has dropped to 0.30 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
CUD.TO vs. ^GSPC — Risk / Return Rank
CUD.TO
^GSPC
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CUD.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.35 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.84 | -2.02 |
| Martin ratioReturn relative to average drawdown | 2.08 | 10.55 | -8.47 |
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Drawdowns
CUD.TO vs. ^GSPC - Drawdown Comparison
The maximum CUD.TO drawdown since its inception was -38.35%, smaller than the maximum ^GSPC drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for CUD.TO and ^GSPC.
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Drawdown Indicators
| CUD.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -48.87% | +10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -9.17% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -19.59% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -23.14% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -27.97% | -10.38% |
Current DrawdownCurrent decline from peak | -3.52% | -1.55% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -9.65% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.47% | +0.99% |
Volatility
CUD.TO vs. ^GSPC - Volatility Comparison
The current volatility for iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO) is 2.95%, while S&P 500 Index (^GSPC) has a volatility of 5.21%. This indicates that CUD.TO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUD.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 5.21% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 10.35% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 12.96% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 17.97% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 19.16% | -1.41% |
Frequently Asked Questions
CUD.TO and ^GSPC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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