ESGY.TO vs. TULV.TO
ESGY.TO (BMO MSCI USA Selection Equity Index ETF) and TULV.TO (TD Q U.S. Low Volatility ETF) are both Large Cap Blend Equities funds. Over the past 5 years, ESGY.TO returned 16.24%/yr vs 9.07%/yr for TULV.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
ESGY.TO vs. TULV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGY.TO achieves a 13.25% return, which is significantly higher than TULV.TO's 5.14% return.
ESGY.TO
- 1D
- 1.45%
- 1M
- 2.57%
- YTD
- 13.25%
- 6M
- 13.11%
- 1Y
- 28.69%
- 3Y*
- 23.63%
- 5Y*
- 16.24%
- 10Y*
- —
TULV.TO
- 1D
- -0.64%
- 1M
- 2.08%
- YTD
- 5.14%
- 6M
- 4.80%
- 1Y
- 11.09%
- 3Y*
- 10.79%
- 5Y*
- 9.07%
- 10Y*
- —
ESGY.TO vs. TULV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGY.TO BMO MSCI USA Selection Equity Index ETF | 13.25% | 13.67% | 33.83% | 26.54% | -15.46% | 30.67% | 12.62% |
TULV.TO TD Q U.S. Low Volatility ETF | 5.14% | 3.62% | 23.74% | -3.31% | 2.02% | 23.84% | 1.09% |
Correlation
The correlation between ESGY.TO and TULV.TO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.20 |
The correlation between ESGY.TO and TULV.TO shifts across timeframes, from 0.09 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ESGY.TO vs. TULV.TO — Risk / Return Rank
ESGY.TO
TULV.TO
ESGY.TO vs. TULV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Selection Equity Index ETF (ESGY.TO) and TD Q U.S. Low Volatility ETF (TULV.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.
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.
| ESGY.TO | TULV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.19 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.70 | +1.02 |
| Martin ratioReturn relative to average drawdown | 9.84 | 3.82 | +6.02 |
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Drawdowns
ESGY.TO vs. TULV.TO - Drawdown Comparison
The maximum ESGY.TO drawdown since its inception was -26.36%, which is greater than TULV.TO's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for ESGY.TO and TULV.TO.
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Drawdown Indicators
| ESGY.TO | TULV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.36% | -11.78% | -14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -6.56% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -20.83% | -11.39% | -9.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -11.78% | -11.11% |
Current DrawdownCurrent decline from peak | 0.00% | -2.27% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -3.61% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.91% | +0.01% |
Volatility
ESGY.TO vs. TULV.TO - Volatility Comparison
BMO MSCI USA Selection Equity Index ETF (ESGY.TO) has a higher volatility of 4.46% compared to TD Q U.S. Low Volatility ETF (TULV.TO) at 3.63%. This indicates that ESGY.TO's price experiences larger fluctuations and is considered to be riskier than TULV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGY.TO | TULV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 3.63% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 8.46% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 10.64% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 11.95% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 11.68% | +5.19% |
Dividends
ESGY.TO vs. TULV.TO - Dividend Comparison
ESGY.TO's dividend yield for the trailing twelve months is around 0.61%, less than TULV.TO's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGY.TO BMO MSCI USA Selection Equity Index ETF | 0.61% | 0.66% | 0.79% | 1.16% | 1.34% | 1.12% | 1.44% |
TULV.TO TD Q U.S. Low Volatility ETF | 1.77% | 1.80% | 1.48% | 1.96% | 1.57% | 1.37% | 0.83% |
Frequently Asked Questions
ESGY.TO and TULV.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and TD.
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