THU.TO vs. SMVP.TO
THU.TO (TD U.S. Equity CAD Hedged Index ETF) and SMVP.TO (HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)) are both Large Cap Blend Equities funds. THU.TO is actively managed, while SMVP.TO is passively managed. Over the past year, THU.TO returned 20.09% vs 14.26% for SMVP.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
THU.TO vs. SMVP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, THU.TO achieves a 10.16% return, which is significantly lower than SMVP.TO's 11.21% return.
THU.TO
- 1D
- 0.31%
- 1M
- 0.07%
- 6M
- 9.01%
- YTD
- 10.16%
- 1Y
- 20.09%
- 3Y*
- 18.83%
- 5Y*
- 11.29%
- 10Y*
- 13.51%
SMVP.TO
- 1D
- 0.06%
- 1M
- 2.79%
- 6M
- 6.42%
- YTD
- 11.21%
- 1Y
- 14.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
THU.TO vs. SMVP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
THU.TO TD U.S. Equity CAD Hedged Index ETF | 10.16% | 11.25% |
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) | 11.21% | 3.24% |
Correlation
The correlation between THU.TO and SMVP.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025 | 0.33 |
The correlation between THU.TO and SMVP.TO shifts across timeframes, from 0.21 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
THU.TO vs. SMVP.TO — Risk / Return Rank
THU.TO
SMVP.TO
THU.TO vs. SMVP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD U.S. Equity CAD Hedged Index ETF (THU.TO) and HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.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.
| THU.TO | SMVP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.02 | +0.08 |
| Martin ratioReturn relative to average drawdown | 9.01 | 4.63 | +4.38 |
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Drawdowns
THU.TO vs. SMVP.TO - Drawdown Comparison
The maximum THU.TO drawdown since its inception was -34.64%, which is greater than SMVP.TO's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for THU.TO and SMVP.TO.
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Drawdown Indicators
| THU.TO | SMVP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -12.11% | -22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -6.44% | -3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.22% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -2.58% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.81% | -0.58% |
Volatility
THU.TO vs. SMVP.TO - Volatility Comparison
The current volatility for TD U.S. Equity CAD Hedged Index ETF (THU.TO) is 3.40%, while HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) has a volatility of 4.22%. This indicates that THU.TO experiences smaller price fluctuations and is considered to be less risky than SMVP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THU.TO | SMVP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 4.22% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 8.01% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 10.26% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 13.21% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 13.21% | +4.19% |
Dividends
THU.TO vs. SMVP.TO - Dividend Comparison
THU.TO's dividend yield for the trailing twelve months is around 0.96%, less than SMVP.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) | 2.16% | 1.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
THU.TO TD U.S. Equity CAD Hedged Index ETF | 0.96% | 1.05% | 1.25% | 1.20% | 1.42% | 1.00% | 1.28% | 1.21% | 1.66% | 1.54% | 1.37% |
Frequently Asked Questions
THU.TO and SMVP.TO have a correlation of 0.21, 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: TD and Hamilton Capital.
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