UDA.TO vs. CLSA.TO
UDA.TO (Caldwell U.S. Dividend Advantage Fund) and CLSA.TO (Brompton Split Corp. Enhanced Equity Income ETF) are both Dividend funds. Both are actively managed. Over the past year, UDA.TO returned 18.58% vs 88.08% for CLSA.TO. Their 0.22 correlation means their historical movements had little consistent relationship. UDA.TO charges 0.73%/yr vs 0.60%/yr for CLSA.TO.
Performance
UDA.TO vs. CLSA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, UDA.TO achieves a 12.32% return, which is significantly lower than CLSA.TO's 40.42% return.
UDA.TO
- 1D
- -0.19%
- 1M
- -3.99%
- 6M
- 10.41%
- YTD
- 12.32%
- 1Y
- 18.58%
- 3Y*
- 11.85%
- 5Y*
- 8.55%
- 10Y*
- —
- ALL TIME*
- 12.57%
CLSA.TO
- 1D
- 0.03%
- 1M
- 3.42%
- 6M
- 37.13%
- YTD
- 40.42%
- 1Y
- 88.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 78.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$729.28K | CA$519.46K | CA$344.99K | |
| CA$1.94K | CA$933.66 | CA$5.97K |
UDA.TO vs. CLSA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UDA.TO Caldwell U.S. Dividend Advantage Fund | 12.32% | 8.79% |
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 40.42% | 57.14% |
Correlation
The correlation between UDA.TO and CLSA.TO is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025 | 0.22 |
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Return for Risk
UDA.TO vs. CLSA.TO — Risk / Return Rank
UDA.TO
CLSA.TO
UDA.TO vs. CLSA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caldwell U.S. Dividend Advantage Fund (UDA.TO) and Brompton Split Corp. Enhanced Equity Income ETF (CLSA.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.
| UDA.TO | CLSA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.60 | ||
| Sortino ratioReturn per unit of downside risk | -4.81 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.07 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 7.90 | -5.77 |
| Martin ratioReturn relative to average drawdown | 6.62 | 34.28 | -27.65 |
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Drawdowns
UDA.TO vs. CLSA.TO - Drawdown Comparison
The maximum UDA.TO drawdown since its inception was -24.77%, which is greater than CLSA.TO's maximum drawdown of -11.73%. Use the drawdown chart below to compare losses from any high point for UDA.TO and CLSA.TO.
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Drawdown Indicators
| UDA.TO | CLSA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.77% | -11.73% | -13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -10.78% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -24.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | — | — |
Current DrawdownCurrent decline from peak | -8.61% | -1.67% | -6.94% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -1.25% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.48% | +0.27% |
Volatility
UDA.TO vs. CLSA.TO - Volatility Comparison
Caldwell U.S. Dividend Advantage Fund (UDA.TO) has a higher volatility of 6.17% compared to Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) at 5.66%. This indicates that UDA.TO's price experiences larger fluctuations and is considered to be riskier than CLSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDA.TO | CLSA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 5.66% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 13.42% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 15.12% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 16.47% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 16.47% | -0.72% |
UDA.TO vs. CLSA.TO - Expense Ratio Comparison
UDA.TO has a 0.73% expense ratio, which is higher than CLSA.TO's 0.60% expense ratio.
Dividends
UDA.TO vs. CLSA.TO - Dividend Comparison
UDA.TO's dividend yield for the trailing twelve months is around 4.13%, less than CLSA.TO's 10.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 10.55% | 7.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDA.TO Caldwell U.S. Dividend Advantage Fund | 4.13% | 4.57% | 7.06% | 3.33% | 4.17% | 9.14% | 2.50% |
Frequently Asked Questions
UDA.TO and CLSA.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLSA.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLSA.TO is cheaper with a 0.60% expense ratio, compared with 0.73% for UDA.TO.
They also come from different issuers: Caldwell and Brompton. Their fees differ too: 0.73% for UDA.TO and 0.60% for CLSA.TO.
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