IUS vs. CLU.NEO
IUS (Invesco RAFI Strategic US ETF) and CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) are both Large Cap Blend Equities funds - IUS tracks the Invesco Strategic US Index while CLU.NEO tracks the FTSE RAFI US 1000 Canadian Dollar Hedged Index. Both are passively managed. Over the past 5 years, IUS returned 13.61%/yr vs 6.28%/yr for CLU.NEO. A 0.70 correlation means they provide meaningful diversification when combined. IUS charges 0.19%/yr vs 0.72%/yr for CLU.NEO.
Performance
IUS vs. CLU.NEO - Performance Comparison
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Different Trading Currencies
IUS 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, IUS achieves a 15.71% return, which is significantly higher than CLU.NEO's 7.34% return.
IUS
- 1D
- -0.07%
- 1M
- 4.89%
- YTD
- 15.71%
- 6M
- 15.69%
- 1Y
- 33.27%
- 3Y*
- 20.93%
- 5Y*
- 13.61%
- 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%
IUS vs. CLU.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUS Invesco RAFI Strategic US ETF | 15.71% | 16.94% | 16.51% | 20.79% | -8.34% | 32.17% | 15.09% | 29.34% | -12.49% |
CLU.NEO iShares US Fundamental Index ETF (CAD-Hedged) Common Class | 7.34% | 20.72% | 5.75% | 15.70% | -15.43% | 32.09% | 5.65% | 31.68% | -18.59% |
Correlation
The correlation between IUS and CLU.NEO is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018 | 0.70 |
The correlation between IUS and CLU.NEO has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
IUS vs. CLU.NEO — Risk / Return Rank
IUS
CLU.NEO
IUS vs. CLU.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Strategic US ETF (IUS) 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.
| IUS | CLU.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.38 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.44 | 2.67 | +2.77 |
| Martin ratioReturn relative to average drawdown | 23.27 | 10.24 | +13.03 |
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
| IUS | CLU.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | 2.04 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.35 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.47 | +0.38 |
Drawdowns
IUS vs. CLU.NEO - Drawdown Comparison
The maximum IUS drawdown since its inception was -34.67%, smaller than the maximum CLU.NEO drawdown of -45.80%. Use the drawdown chart below to compare losses from any high point for IUS and CLU.NEO.
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Drawdown Indicators
| IUS | CLU.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -45.80% | +11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -8.87% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -18.06% | +2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -27.75% | +9.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.80% | — |
Current DrawdownCurrent decline from peak | -0.07% | -1.35% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -8.55% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.31% | -0.88% |
Volatility
IUS vs. CLU.NEO - Volatility Comparison
Invesco RAFI Strategic US ETF (IUS) and iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) have volatilities of 2.50% and 2.43%, 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.
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Volatility by Period
| IUS | CLU.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 2.43% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 8.33% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.26% | 11.60% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 18.03% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 21.54% | -3.50% |
IUS vs. CLU.NEO - Expense Ratio Comparison
IUS has a 0.19% expense ratio, which is lower than CLU.NEO's 0.72% expense ratio.
Dividends
IUS vs. CLU.NEO - Dividend Comparison
IUS's dividend yield for the trailing twelve months is around 1.28%, more 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% |
IUS Invesco RAFI Strategic US ETF | 1.28% | 1.48% | 1.52% | 1.72% | 1.78% | 1.46% | 1.74% | 1.77% | 0.73% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUS and CLU.NEO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUS is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUS is cheaper with a 0.19% expense ratio, compared with 0.72% for CLU.NEO.
IUS tracks Invesco Strategic US Index, while CLU.NEO tracks FTSE RAFI US 1000 Canadian Dollar Hedged Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for IUS and 0.72% for CLU.NEO.
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