CVLC vs. CLU.NEO
CVLC (Calvert US Large-Cap Core Responsible Index ETF) and CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) are both Large Cap Blend Equities funds - CVLC tracks the Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross while CLU.NEO tracks the FTSE RAFI US 1000 Canadian Dollar Hedged Index. Both are passively managed. Over the past 3 years, CVLC returned 22.30%/yr vs 15.62%/yr for CLU.NEO. A 0.64 correlation means they provide meaningful diversification when combined. CVLC charges 0.15%/yr vs 0.72%/yr for CLU.NEO.
Performance
CVLC vs. CLU.NEO - Performance Comparison
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Different Trading Currencies
CVLC 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, CVLC achieves a 12.35% return, which is significantly higher than CLU.NEO's 7.34% return.
CVLC
- 1D
- -0.73%
- 1M
- 5.88%
- YTD
- 12.35%
- 6M
- 12.15%
- 1Y
- 29.31%
- 3Y*
- 22.30%
- 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%
CVLC vs. CLU.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVLC Calvert US Large-Cap Core Responsible Index ETF | 12.35% | 16.13% | 24.20% | 17.14% |
CLU.NEO iShares US Fundamental Index ETF (CAD-Hedged) Common Class | 7.34% | 20.72% | 5.75% | 7.44% |
Correlation
The correlation between CVLC and CLU.NEO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.64 |
The correlation between CVLC and CLU.NEO has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
CVLC vs. CLU.NEO — Risk / Return Rank
CVLC
CLU.NEO
CVLC vs. CLU.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Core Responsible Index ETF (CVLC) 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.
| CVLC | CLU.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.67 | +0.40 |
| Martin ratioReturn relative to average drawdown | 14.09 | 10.24 | +3.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVLC | CLU.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.04 | +0.32 |
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 | 1.37 | 0.47 | +0.90 |
Drawdowns
CVLC vs. CLU.NEO - Drawdown Comparison
The maximum CVLC drawdown since its inception was -19.92%, smaller than the maximum CLU.NEO drawdown of -45.80%. Use the drawdown chart below to compare losses from any high point for CVLC and CLU.NEO.
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Drawdown Indicators
| CVLC | CLU.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -45.80% | +25.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -8.87% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -19.92% | -18.06% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.80% | — |
Current DrawdownCurrent decline from peak | -0.73% | -1.35% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -8.55% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.31% | -0.22% |
Volatility
CVLC vs. CLU.NEO - Volatility Comparison
Calvert US Large-Cap Core Responsible Index ETF (CVLC) has a higher volatility of 3.36% compared to iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) at 2.43%. This indicates that CVLC'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
| CVLC | CLU.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 2.43% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 8.33% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 11.60% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 18.03% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 21.54% | -5.99% |
CVLC vs. CLU.NEO - Expense Ratio Comparison
CVLC has a 0.15% expense ratio, which is lower than CLU.NEO's 0.72% expense ratio.
Dividends
CVLC vs. CLU.NEO - Dividend Comparison
CVLC's dividend yield for the trailing twelve months is around 0.89%, less than CLU.NEO's 1.20% 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% |
CVLC Calvert US Large-Cap Core Responsible Index ETF | 0.89% | 1.02% | 1.03% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CVLC and CLU.NEO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CVLC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CVLC is cheaper with a 0.15% expense ratio, compared with 0.72% for CLU.NEO.
CVLC tracks Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross, while CLU.NEO tracks FTSE RAFI US 1000 Canadian Dollar Hedged Index. They also come from different issuers: Calvert and iShares. Their fees differ too: 0.15% for CVLC and 0.72% for CLU.NEO.
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