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VUN.TO vs. CLU.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VUN.TO vs. CLU.NEO

Last updated Jun 4, 2026

VUN.TO (Vanguard U.S. Total Market Index ETF) and CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) are both Large Cap Blend Equities funds - VUN.TO tracks the CRSP US Total Market Index CAD while CLU.NEO tracks the FTSE RAFI US 1000 Canadian Dollar Hedged Index. Both are passively managed. Over the past 10 years, VUN.TO returned 15.43%/yr vs 11.02%/yr for CLU.NEO. A 0.51 correlation means they provide meaningful diversification when combined. VUN.TO charges 0.17%/yr vs 0.72%/yr for CLU.NEO.

Performance

VUN.TO vs. CLU.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Total Market Index ETF (VUN.TO) and iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VUN.TO achieves a 12.43% return, which is significantly higher than CLU.NEO's 8.69% return. Over the past 10 years, VUN.TO has outperformed CLU.NEO with an annualized return of 15.43%, while CLU.NEO has yielded a comparatively lower 11.02% annualized return.

VUN.TO

1D
-0.39%
1M
7.17%
YTD
12.43%
6M
10.44%
1Y
29.34%
3Y*
23.05%
5Y*
15.50%
10Y*
15.43%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VUN.TO vs. CLU.NEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VUN.TO
Vanguard U.S. Total Market Index ETF		12.43%11.43%33.76%23.00%-14.20%24.54%18.22%23.99%2.35%13.01%
CLU.NEO
iShares US Fundamental Index ETF (CAD-Hedged) Common Class		8.69%15.20%14.82%13.13%-9.37%31.13%3.57%25.41%-11.16%14.83%

Correlation

The correlation between VUN.TO and CLU.NEO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2013

0.51

The correlation between VUN.TO and CLU.NEO has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

Vanguard U.S. Total Market Index ETF

iShares US Fundamental Index ETF (CAD-Hedged) Common Class

Often compared with VUN.TO:
VUN.TO vs. XUU.TOVUN.TO vs. VCN.TOVUN.TO vs. VOOVUN.TO vs. VTIVUN.TO vs. VEQT.TOVUN.TO vs. TPU.TOVUN.TO vs. SPY
Often compared with CLU.NEO:
CLU.NEO vs. FLCCCLU.NEO vs. IUSCLU.NEO vs. RDVYCLU.NEO vs. BCUSCLU.NEO vs. KATCLU.NEO vs. DFNDCLU.NEO vs. FEAC

Return for Risk

VUN.TO vs. CLU.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VUN.TO
VUN.TO Risk / Return Rank: 7272
Overall Rank
VUN.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VUN.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
VUN.TO Omega Ratio Rank: 7474
Omega Ratio Rank
VUN.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
VUN.TO Martin Ratio Rank: 6969
Martin Ratio Rank
CLU.NEO
CLU.NEO Risk / Return Rank: 8181
Overall Rank
CLU.NEO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
CLU.NEO Sortino Ratio Rank: 8484
Sortino Ratio Rank
CLU.NEO Omega Ratio Rank: 8787
Omega Ratio Rank
CLU.NEO Calmar Ratio Rank: 7777
Calmar Ratio Rank
CLU.NEO Martin Ratio Rank: 7878
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.

VUN.TO vs. CLU.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Total Market Index ETF (VUN.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.

VUN.TOCLU.NEODifference
Sharpe ratioReturn per unit of total volatility
2.47
2.50

-0.03

Sortino ratioReturn per unit of downside risk
3.39
3.77

-0.38

Omega ratioGain probability vs. loss probability

1.45

1.54

-0.09

Calmar ratioReturn relative to maximum drawdown

3.46

3.86

-0.40

Martin ratioReturn relative to average drawdown

12.96

14.84

-1.88

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

VUN.TO vs. CLU.NEO - Sharpe Ratio Comparison

The current VUN.TO Sharpe Ratio is 2.47, which is comparable to the CLU.NEO Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of VUN.TO and CLU.NEO, 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

VUN.TOCLU.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.47

2.50

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.64

+0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.93

0.61

+0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

1.01

0.61

+0.39

Drawdowns

VUN.TO vs. CLU.NEO - Drawdown Comparison

The maximum VUN.TO drawdown since its inception was -28.19%, smaller than the maximum CLU.NEO drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for VUN.TO and CLU.NEO.

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Drawdown Indicators

VUN.TOCLU.NEODifference

Max Drawdown

Largest peak-to-trough decline

-28.19%

-39.93%

+11.74%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-6.55%

-1.96%

Max Drawdown (3Y)

Largest decline over 3 years

-19.88%

-16.57%

-3.31%

Max Drawdown (5Y)

Largest decline over 5 years

-23.67%

-20.66%

-3.01%

Max Drawdown (10Y)

Largest decline over 10 years

-28.19%

-39.93%

+11.74%

Current Drawdown

Current decline from peak

-0.39%

-0.70%

+0.31%

Average Drawdown

Average peak-to-trough decline

-3.80%

-4.74%

+0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

1.70%

+0.57%

Volatility

VUN.TO vs. CLU.NEO - Volatility Comparison

Vanguard U.S. Total Market Index ETF (VUN.TO) has a higher volatility of 3.04% compared to iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) at 2.30%. This indicates that VUN.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

VUN.TOCLU.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

2.30%

+0.74%

Volatility (6M)

Calculated over the trailing 6-month period

8.81%

7.24%

+1.57%

Volatility (1Y)

Calculated over the trailing 1-year period

11.97%

10.11%

+1.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.43%

14.54%

+0.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.70%

18.08%

-1.38%

VUN.TO vs. CLU.NEO - Expense Ratio Comparison

VUN.TO has a 0.17% expense ratio, which is lower than CLU.NEO's 0.72% expense ratio.

Dividends

VUN.TO vs. CLU.NEO - Dividend Comparison

VUN.TO's dividend yield for the trailing twelve months is around 0.74%, less than CLU.NEO's 1.20% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VUN.TO
Vanguard U.S. Total Market Index ETF		0.74%0.84%0.93%1.10%1.21%0.97%1.15%1.45%1.52%1.39%1.49%1.49%

Frequently Asked Questions

VUN.TO and CLU.NEO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VUN.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUN.TO is cheaper with a 0.17% expense ratio, compared with 0.72% for CLU.NEO.

VUN.TO tracks CRSP US Total Market Index CAD, while CLU.NEO tracks FTSE RAFI US 1000 Canadian Dollar Hedged Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.17% for VUN.TO and 0.72% for CLU.NEO.

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