TULV.TO vs. DRFU.TO
TULV.TO (TD Q U.S. Low Volatility ETF) and DRFU.TO (Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 5 years, TULV.TO returned 8.57%/yr vs 14.24%/yr for DRFU.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
TULV.TO vs. DRFU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TULV.TO achieves a 6.53% return, which is significantly lower than DRFU.TO's 12.29% return.
TULV.TO
- 1D
- -0.75%
- 1M
- 2.86%
- 6M
- 3.67%
- YTD
- 6.53%
- 1Y
- 10.60%
- 3Y*
- 11.25%
- 5Y*
- 8.57%
- 10Y*
- —
DRFU.TO
- 1D
- -2.58%
- 1M
- -1.18%
- 6M
- 11.18%
- YTD
- 12.29%
- 1Y
- 26.04%
- 3Y*
- 21.30%
- 5Y*
- 14.24%
- 10Y*
- —
TULV.TO vs. DRFU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TULV.TO TD Q U.S. Low Volatility ETF | 6.53% | 3.62% | 23.74% | -3.31% | 2.02% | 23.84% | 1.09% |
DRFU.TO Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF | 12.29% | 12.18% | 37.32% | 5.44% | -9.19% | 29.41% | 18.59% |
Correlation
The correlation between TULV.TO and DRFU.TO is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.08 |
The correlation between TULV.TO and DRFU.TO shifts across timeframes, from -0.05 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TULV.TO vs. DRFU.TO — Risk / Return Rank
TULV.TO
DRFU.TO
TULV.TO vs. DRFU.TO - 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 Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.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.
| TULV.TO | DRFU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.53 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.81 | -2.19 |
| Martin ratioReturn relative to average drawdown | 3.63 | 13.72 | -10.09 |
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Drawdowns
TULV.TO vs. DRFU.TO - Drawdown Comparison
The maximum TULV.TO drawdown since its inception was -11.78%, smaller than the maximum DRFU.TO drawdown of -19.89%. Use the drawdown chart below to compare losses from any high point for TULV.TO and DRFU.TO.
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Drawdown Indicators
| TULV.TO | DRFU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.78% | -19.89% | +8.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -6.89% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -11.39% | -19.89% | +8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -11.78% | -19.89% | +8.11% |
Current DrawdownCurrent decline from peak | -1.70% | -2.58% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -4.91% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 1.91% | +1.02% |
Volatility
TULV.TO vs. DRFU.TO - Volatility Comparison
TD Q U.S. Low Volatility ETF (TULV.TO) has a higher volatility of 4.89% compared to Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) at 3.53%. This indicates that TULV.TO's price experiences larger fluctuations and is considered to be riskier than DRFU.TO 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 | DRFU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 3.53% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 11.63% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 14.22% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 16.41% | -4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 16.51% | -4.75% |
Dividends
TULV.TO vs. DRFU.TO - Dividend Comparison
TULV.TO's dividend yield for the trailing twelve months is around 1.74%, more than DRFU.TO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRFU.TO Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF | 1.04% | 0.76% | 0.60% | 0.80% | 1.05% | 1.08% | 1.38% | 1.37% | 0.41% |
TULV.TO TD Q U.S. Low Volatility ETF | 1.74% | 1.80% | 1.48% | 1.96% | 1.57% | 1.37% | 0.83% | 0.00% | 0.00% |
Frequently Asked Questions
TULV.TO and DRFU.TO have a correlation of -0.05, 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 Desjardins.
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