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TUEX.TO vs. XUU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TUEX.TO vs. XUU.TO

Last updated Jun 4, 2026

TUEX.TO (TD Active U.S. Enhanced Dividend CAD Hedged ETF) and XUU.TO (iShares Core S&P U.S. Total Market Index ETF) are both exchange-traded funds - TUEX.TO is a Dividend fund actively managed by TD Asset Management, while XUU.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD. TUEX.TO is actively managed, while XUU.TO is passively managed. Over the past 3 years, TUEX.TO returned 23.47%/yr vs 23.13%/yr for XUU.TO. At a 0.50 correlation, their price movements are largely independent. TUEX.TO charges 0.73%/yr vs 0.07%/yr for XUU.TO.

Performance

TUEX.TO vs. XUU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with TUEX.TO having a 12.01% return and XUU.TO slightly higher at 12.48%.

TUEX.TO

1D
1.19%
1M
3.75%
YTD
12.01%
6M
11.81%
1Y
25.69%
3Y*
23.47%
5Y*
—
10Y*
—

XUU.TO

1D
-0.29%
1M
7.40%
YTD
12.48%
6M
10.56%
1Y
29.05%
3Y*
23.13%
5Y*
15.81%
10Y*
15.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TUEX.TO vs. XUU.TO - Yearly Performance Comparison

2026 (YTD)202520242023
TUEX.TO
TD Active U.S. Enhanced Dividend CAD Hedged ETF		12.01%11.84%21.95%28.50%
XUU.TO
iShares Core S&P U.S. Total Market Index ETF		12.48%11.25%34.07%15.01%

Correlation

The correlation between TUEX.TO and XUU.TO is 0.55, 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

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2023

0.50

The correlation between TUEX.TO and XUU.TO has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

TUEX.TO vs. XUU.TO - Sectors Allocation Comparison

Sectors
TUEX.TO
XUU.TO

Technology

32.6%
37.3%

Industrials

19.4%
8.8%

Healthcare

12.2%
8.4%

Communication Services

8.3%
9.8%

Financial Services

6.7%
11.2%

Energy

6.1%
3.4%

Real Estate

4.9%
2.2%

Consumer Cyclical

4.3%
9.8%

Basic Materials

3.3%
1.9%

Consumer Defensive

2.3%
4.4%

Utilities

0.3%
2.5%

Technology

TUEX.TO
32.6%
XUU.TO
37.3%

Industrials

TUEX.TO
19.4%
XUU.TO
8.8%

Healthcare

TUEX.TO
12.2%
XUU.TO
8.4%

Communication Services

TUEX.TO
8.3%
XUU.TO
9.8%

Financial Services

TUEX.TO
6.7%
XUU.TO
11.2%

Energy

TUEX.TO
6.1%
XUU.TO
3.4%

Real Estate

TUEX.TO
4.9%
XUU.TO
2.2%

Consumer Cyclical

TUEX.TO
4.3%
XUU.TO
9.8%

Basic Materials

TUEX.TO
3.3%
XUU.TO
1.9%

Consumer Defensive

TUEX.TO
2.3%
XUU.TO
4.4%

Utilities

TUEX.TO
0.3%
XUU.TO
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Active U.S. Enhanced Dividend CAD Hedged ETF

iShares Core S&P U.S. Total Market Index ETF

Often compared with TUEX.TO:
TUEX.TO vs. ZDIV.TOTUEX.TO vs. VDY.TOTUEX.TO vs. VUDV.TOTUEX.TO vs. FLUS.TOTUEX.TO vs. FCCD.TOTUEX.TO vs. CDIV.TOTUEX.TO vs. XHD.TO
Often compared with XUU.TO:
XUU.TO vs. XUS.TOXUU.TO vs. VUN.TOXUU.TO vs. XAW.TOXUU.TO vs. XUU-U.TOXUU.TO vs. XIC.TOXUU.TO vs. VTIXUU.TO vs. VOO

Return for Risk

TUEX.TO vs. XUU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TUEX.TO
TUEX.TO Risk / Return Rank: 5050
Overall Rank
TUEX.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
TUEX.TO Sortino Ratio Rank: 4646
Sortino Ratio Rank
TUEX.TO Omega Ratio Rank: 5757
Omega Ratio Rank
TUEX.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
TUEX.TO Martin Ratio Rank: 5252
Martin Ratio Rank
XUU.TO
XUU.TO Risk / Return Rank: 7070
Overall Rank
XUU.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XUU.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XUU.TO Omega Ratio Rank: 7373
Omega Ratio Rank
XUU.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
XUU.TO Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TUEX.TO vs. XUU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU.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.

TUEX.TOXUU.TODifference
Sharpe ratioReturn per unit of total volatility
1.53
2.42

-0.89

Sortino ratioReturn per unit of downside risk
2.24
3.32

-1.08

Omega ratioGain probability vs. loss probability

1.34

1.45

-0.10

Calmar ratioReturn relative to maximum drawdown

2.51

3.32

-0.80

Martin ratioReturn relative to average drawdown

8.70

12.64

-3.94

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TUEX.TO vs. XUU.TO - Sharpe Ratio Comparison

The current TUEX.TO Sharpe Ratio is 1.53, which is lower than the XUU.TO Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of TUEX.TO and XUU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TUEX.TOXUU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

2.42

-0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.03

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.94

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.22

0.86

+0.36

Drawdowns

TUEX.TO vs. XUU.TO - Drawdown Comparison

The maximum TUEX.TO drawdown since its inception was -21.95%, smaller than the maximum XUU.TO drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for TUEX.TO and XUU.TO.

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Drawdown Indicators

TUEX.TOXUU.TODifference

Max Drawdown

Largest peak-to-trough decline

-21.95%

-28.22%

+6.27%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-8.80%

-1.46%

Max Drawdown (3Y)

Largest decline over 3 years

-21.95%

-19.70%

-2.25%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.41%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.22%

—

Current Drawdown

Current decline from peak

-1.75%

-0.29%

-1.46%

Average Drawdown

Average peak-to-trough decline

-2.72%

-4.09%

+1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

2.30%

+0.66%

Volatility

TUEX.TO vs. XUU.TO - Volatility Comparison

TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX.TO) has a higher volatility of 5.10% compared to iShares Core S&P U.S. Total Market Index ETF (XUU.TO) at 3.29%. This indicates that TUEX.TO's price experiences larger fluctuations and is considered to be riskier than XUU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TUEX.TOXUU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.10%

3.29%

+1.81%

Volatility (6M)

Calculated over the trailing 6-month period

13.43%

9.08%

+4.35%

Volatility (1Y)

Calculated over the trailing 1-year period

16.82%

12.06%

+4.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.90%

15.45%

+4.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.90%

16.59%

+3.31%

TUEX.TO vs. XUU.TO - Expense Ratio Comparison

TUEX.TO has a 0.73% expense ratio, which is higher than XUU.TO's 0.07% expense ratio.

Dividends

TUEX.TO vs. XUU.TO - Dividend Comparison

TUEX.TO's dividend yield for the trailing twelve months is around 2.60%, more than XUU.TO's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
TUEX.TO
TD Active U.S. Enhanced Dividend CAD Hedged ETF		2.60%2.79%2.36%11.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XUU.TO
iShares Core S&P U.S. Total Market Index ETF		1.01%1.16%1.02%1.22%1.38%1.01%1.33%1.68%1.73%1.49%1.65%1.52%

Frequently Asked Questions

TUEX.TO and XUU.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUU.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUU.TO is cheaper with a 0.07% expense ratio, compared with 0.73% for TUEX.TO.

TUEX.TO is categorized as Dividend, while XUU.TO is Large Cap Blend Equities. They also come from different issuers: TD Asset Management and iShares. Their fees differ too: 0.73% for TUEX.TO and 0.07% for XUU.TO.

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