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TULV.TO vs. XUSC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TULV.TO vs. XUSC.TO

Last updated Jun 4, 2026

TULV.TO (TD Q U.S. Low Volatility ETF) and XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) are both Large Cap Blend Equities funds. TULV.TO is actively managed, while XUSC.TO is passively managed. Over the past year, TULV.TO returned 5.14% vs 27.68% for XUSC.TO. At a 0.30 correlation, their price movements are largely independent. TULV.TO charges 0.35%/yr vs 0.12%/yr for XUSC.TO.

Performance

TULV.TO vs. XUSC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q U.S. Low Volatility ETF (TULV.TO) and iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO). The values are adjusted to include any dividend payments, if applicable.

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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 XUSC.TO's 12.69% 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*
—

XUSC.TO

1D
0.23%
1M
7.55%
YTD
12.69%
6M
10.97%
1Y
27.68%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TULV.TO vs. XUSC.TO - Yearly Performance Comparison

2026 (YTD)20252024
TULV.TO
TD Q U.S. Low Volatility ETF		1.51%3.62%10.07%
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)		12.69%11.40%11.76%

Correlation

The correlation between TULV.TO and XUSC.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Jul 19, 2024

0.30

Compare stocks, funds, or ETFs

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

TD Q U.S. Low Volatility ETF

iShares S&P 500 3% Capped Index ETF (CAD Units)

Often compared with TULV.TO:
TULV.TO vs. TCLV.TOTULV.TO vs. KNGC.TOTULV.TO vs. ZSP-U.TOTULV.TO vs. JEPI.TOTULV.TO vs. XUU.TOTULV.TO vs. HULC.TOTULV.TO vs. ETSX.TO
Often compared with XUSC.TO:
XUSC.TO vs. XSP.TOXUSC.TO vs. ESG.TOXUSC.TO vs. ZUE.TOXUSC.TO vs. CNCL.TOXUSC.TO vs. ZEQL.TOXUSC.TO vs. XMS.TOXUSC.TO vs. TPU.TO

Return for Risk

TULV.TO vs. XUSC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TULV.TO
TULV.TO Risk / Return Rank: 1717
Overall Rank
TULV.TO Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
TULV.TO Sortino Ratio Rank: 1616
Sortino Ratio Rank
TULV.TO Omega Ratio Rank: 1616
Omega Ratio Rank
TULV.TO Calmar Ratio Rank: 1919
Calmar Ratio Rank
TULV.TO Martin Ratio Rank: 1818
Martin Ratio Rank
XUSC.TO
XUSC.TO Risk / Return Rank: 7575
Overall Rank
XUSC.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
XUSC.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XUSC.TO Omega Ratio Rank: 7575
Omega Ratio Rank
XUSC.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
XUSC.TO Martin Ratio Rank: 7272
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.

TULV.TO vs. XUSC.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 iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.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.

TULV.TOXUSC.TODifference
Sharpe ratioReturn per unit of total volatility
0.49
2.43

-1.94

Sortino ratioReturn per unit of downside risk
0.78
3.39

-2.61

Omega ratioGain probability vs. loss probability

1.09

1.44

-0.35

Calmar ratioReturn relative to maximum drawdown

0.79

3.66

-2.87

Martin ratioReturn relative to average drawdown

1.85

13.42

-11.57

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

TULV.TO vs. XUSC.TO - Sharpe Ratio Comparison

The current TULV.TO Sharpe Ratio is 0.49, which is lower than the XUSC.TO Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of TULV.TO and XUSC.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

TULV.TOXUSC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.49

2.43

-1.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

1.27

-0.56

Drawdowns

TULV.TO vs. XUSC.TO - Drawdown Comparison

The maximum TULV.TO drawdown since its inception was -11.78%, smaller than the maximum XUSC.TO drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for TULV.TO and XUSC.TO.

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Drawdown Indicators

TULV.TOXUSC.TODifference

Max Drawdown

Largest peak-to-trough decline

-11.78%

-18.31%

+6.53%

Max Drawdown (1Y)

Largest decline over 1 year

-6.56%

-7.60%

+1.04%

Max Drawdown (3Y)

Largest decline over 3 years

-11.39%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-11.78%

—

—

Current Drawdown

Current decline from peak

-5.64%

0.00%

-5.64%

Average Drawdown

Average peak-to-trough decline

-3.61%

-2.67%

-0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

2.07%

+0.76%

Volatility

TULV.TO vs. XUSC.TO - Volatility Comparison

TD Q U.S. Low Volatility ETF (TULV.TO) has a higher volatility of 4.79% compared to iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) at 2.61%. This indicates that TULV.TO's price experiences larger fluctuations and is considered to be riskier than XUSC.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.TOXUSC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

2.61%

+2.18%

Volatility (6M)

Calculated over the trailing 6-month period

7.91%

8.51%

-0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

10.44%

11.46%

-1.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.89%

15.72%

-3.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.62%

15.72%

-4.10%

TULV.TO vs. XUSC.TO - Expense Ratio Comparison

TULV.TO has a 0.35% expense ratio, which is higher than XUSC.TO's 0.12% expense ratio.

Dividends

TULV.TO vs. XUSC.TO - Dividend Comparison

TULV.TO's dividend yield for the trailing twelve months is around 1.80%, more than XUSC.TO's 0.84% yield.

PositionTTM202520242023202220212020
TULV.TO
TD Q U.S. Low Volatility ETF		1.80%1.80%1.48%1.96%1.57%1.37%0.83%
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)		0.84%0.94%0.24%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TULV.TO and XUSC.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUSC.TO is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUSC.TO is cheaper with a 0.12% expense ratio, compared with 0.35% for TULV.TO.

They also come from different issuers: TD and iShares. Their fees differ too: 0.35% for TULV.TO and 0.12% for XUSC.TO.

Portfolio Optimizer

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