TULV.TO vs. THU.TO
TULV.TO (TD Q U.S. Low Volatility ETF) and THU.TO (TD U.S. Equity CAD Hedged Index ETF) are both Large Cap Blend Equities funds from TD. Both are actively managed. Over the past 5 years, TULV.TO returned 8.57%/yr vs 10.95%/yr for THU.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
TULV.TO vs. THU.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 THU.TO's 8.52% 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*
- —
THU.TO
- 1D
- -0.66%
- 1M
- 0.48%
- 6M
- 6.96%
- YTD
- 8.52%
- 1Y
- 17.33%
- 3Y*
- 17.74%
- 5Y*
- 10.95%
- 10Y*
- 13.34%
TULV.TO vs. THU.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% |
THU.TO TD U.S. Equity CAD Hedged Index ETF | 8.52% | 15.44% | 23.50% | 26.50% | -21.80% | 27.16% | 23.59% |
Correlation
The correlation between TULV.TO and THU.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 | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.12 |
The correlation between TULV.TO and THU.TO shifts across timeframes, from -0.05 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TULV.TO vs. THU.TO — Risk / Return Rank
TULV.TO
THU.TO
TULV.TO vs. THU.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 TD U.S. Equity CAD Hedged Index ETF (THU.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 | THU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.82 | -0.19 |
| Martin ratioReturn relative to average drawdown | 3.63 | 7.75 | -4.12 |
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Drawdowns
TULV.TO vs. THU.TO - Drawdown Comparison
The maximum TULV.TO drawdown since its inception was -11.78%, smaller than the maximum THU.TO drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for TULV.TO and THU.TO.
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Drawdown Indicators
| TULV.TO | THU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.78% | -34.64% | +22.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -9.59% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.39% | -19.16% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -11.78% | -26.37% | +14.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.64% | — |
Current DrawdownCurrent decline from peak | -1.70% | -2.13% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -4.81% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.24% | +0.69% |
Volatility
TULV.TO vs. THU.TO - Volatility Comparison
TD Q U.S. Low Volatility ETF (TULV.TO) has a higher volatility of 4.89% compared to TD U.S. Equity CAD Hedged Index ETF (THU.TO) at 3.24%. This indicates that TULV.TO's price experiences larger fluctuations and is considered to be riskier than THU.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 | THU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 3.24% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 10.24% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 12.89% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 16.75% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 17.40% | -5.64% |
Dividends
TULV.TO vs. THU.TO - Dividend Comparison
TULV.TO's dividend yield for the trailing twelve months is around 1.74%, more than THU.TO's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
THU.TO TD U.S. Equity CAD Hedged Index ETF | 0.98% | 1.05% | 1.25% | 1.20% | 1.42% | 1.00% | 1.28% | 1.21% | 1.66% | 1.54% | 1.37% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
TULV.TO and THU.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.
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