TULV.TO vs. CLU.NEO
TULV.TO (TD Q U.S. Low Volatility ETF) and CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) are both Large Cap Blend Equities funds. TULV.TO is actively managed, while CLU.NEO is passively managed. Over the past 5 years, TULV.TO returned 8.91%/yr vs 9.30%/yr for CLU.NEO. At a 0.23 correlation, their price movements are largely independent. TULV.TO charges 0.35%/yr vs 0.72%/yr for CLU.NEO.
Performance
TULV.TO vs. CLU.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, TULV.TO achieves a 1.51% return, which is significantly lower than CLU.NEO's 8.69% return.
TULV.TO
- 1D
- 0.00%
- 1M
- -0.04%
- YTD
- 1.51%
- 6M
- -0.18%
- 1Y
- 5.14%
- 3Y*
- 9.27%
- 5Y*
- 8.91%
- 10Y*
- —
CLU.NEO
- 1D
- -0.17%
- 1M
- 1.48%
- YTD
- 8.69%
- 6M
- 10.24%
- 1Y
- 25.16%
- 3Y*
- 16.95%
- 5Y*
- 9.30%
- 10Y*
- 11.02%
TULV.TO vs. CLU.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TULV.TO TD Q U.S. Low Volatility ETF | 1.51% | 3.62% | 23.74% | -3.31% | 2.02% | 23.84% | 0.90% |
CLU.NEO iShares US Fundamental Index ETF (CAD-Hedged) Common Class | 8.69% | 15.20% | 14.82% | 13.13% | -9.37% | 31.13% | 17.75% |
Correlation
The correlation between TULV.TO and CLU.NEO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.23 |
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Return for Risk
TULV.TO vs. CLU.NEO — Risk / Return Rank
TULV.TO
CLU.NEO
TULV.TO vs. CLU.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Q U.S. Low Volatility ETF (TULV.TO) 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.
| TULV.TO | CLU.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.54 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 3.86 | -3.07 |
| Martin ratioReturn relative to average drawdown | 1.85 | 14.84 | -13.00 |
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
| TULV.TO | CLU.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 2.50 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.64 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.61 | +0.09 |
Drawdowns
TULV.TO vs. CLU.NEO - Drawdown Comparison
The maximum TULV.TO drawdown since its inception was -11.78%, smaller than the maximum CLU.NEO drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for TULV.TO and CLU.NEO.
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Drawdown Indicators
| TULV.TO | CLU.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.78% | -39.93% | +28.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -6.55% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.39% | -16.57% | +5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -11.78% | -20.66% | +8.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.93% | — |
Current DrawdownCurrent decline from peak | -5.64% | -0.70% | -4.94% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.74% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 1.70% | +1.13% |
Volatility
TULV.TO vs. CLU.NEO - Volatility Comparison
TD Q U.S. Low Volatility ETF (TULV.TO) has a higher volatility of 4.79% compared to iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) at 2.30%. This indicates that TULV.TO'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
| TULV.TO | CLU.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 2.30% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 7.24% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 10.11% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 14.54% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 18.08% | -6.46% |
TULV.TO vs. CLU.NEO - Expense Ratio Comparison
TULV.TO has a 0.35% expense ratio, which is lower than CLU.NEO's 0.72% expense ratio.
Dividends
TULV.TO vs. CLU.NEO - Dividend Comparison
TULV.TO's dividend yield for the trailing twelve months is around 1.80%, 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% |
TULV.TO TD Q U.S. Low Volatility ETF | 1.80% | 1.80% | 1.48% | 1.96% | 1.57% | 1.37% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TULV.TO and CLU.NEO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TULV.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TULV.TO is cheaper with a 0.35% expense ratio, compared with 0.72% for CLU.NEO.
They also come from different issuers: TD and iShares. Their fees differ too: 0.35% for TULV.TO and 0.72% for CLU.NEO.
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