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VUN.TO vs. HULC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VUN.TO vs. HULC.TO

Last updated Jul 15, 2026
Documentation

VUN.TO (Vanguard U.S. Total Market Index ETF) and HULC.TO (Global X US Large Cap Index Corporate Class ETF) are both Large Cap Blend Equities funds - VUN.TO tracks the CRSP US Total Market Index while HULC.TO tracks the Solactive US Large Cap Index (CA NTR). Both are passively managed. Over the past 5 years, VUN.TO returned 14.32%/yr vs 15.16%/yr for HULC.TO. A 0.77 correlation means they provide meaningful diversification when combined. VUN.TO charges 0.17%/yr vs 0.08%/yr for HULC.TO.

Performance

VUN.TO vs. HULC.TO - 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 Global X US Large Cap Index Corporate Class ETF (HULC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with VUN.TO having a 14.14% return and HULC.TO slightly lower at 13.82%.

VUN.TO

1D
-0.12%
1M
2.35%
6M
10.48%
YTD
14.14%
1Y
25.15%
3Y*
22.08%
5Y*
14.32%
10Y*
15.26%

HULC.TO

1D
-0.12%
1M
2.47%
6M
10.66%
YTD
13.82%
1Y
25.05%
3Y*
23.06%
5Y*
15.16%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VUN.TO vs. HULC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
VUN.TO
Vanguard U.S. Total Market Index ETF		14.14%11.43%33.76%23.00%-14.20%24.54%20.37%
HULC.TO
Global X US Large Cap Index Corporate Class ETF		13.82%12.69%35.93%24.43%-14.75%26.89%27.48%

Correlation

The correlation between VUN.TO and HULC.TO is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.95

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

0.93

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

0.86

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2020

0.77

The correlation between VUN.TO and HULC.TO shifts across timeframes, from 0.77 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.

VUN.TO vs. HULC.TO - Sectors Allocation Comparison

Sectors
VUN.TO
HULC.TO

Technology

33.5%
38.8%

Financial Services

12.0%
10.7%

Communication Services

10.3%
10.8%

Consumer Cyclical

10.0%
9.9%

Industrials

9.8%
8.3%

Healthcare

9.2%
8.5%

Consumer Defensive

4.7%
4.4%

Energy

3.7%
3.2%

Real Estate

2.4%
1.6%

Utilities

2.3%
2.1%

Basic Materials

2.0%
1.8%

Technology

VUN.TO
33.5%
HULC.TO
38.8%

Financial Services

VUN.TO
12.0%
HULC.TO
10.7%

Communication Services

VUN.TO
10.3%
HULC.TO
10.8%

Consumer Cyclical

VUN.TO
10.0%
HULC.TO
9.9%

Industrials

VUN.TO
9.8%
HULC.TO
8.3%

Healthcare

VUN.TO
9.2%
HULC.TO
8.5%

Consumer Defensive

VUN.TO
4.7%
HULC.TO
4.4%

Energy

VUN.TO
3.7%
HULC.TO
3.2%

Real Estate

VUN.TO
2.4%
HULC.TO
1.6%

Utilities

VUN.TO
2.3%
HULC.TO
2.1%

Basic Materials

VUN.TO
2.0%
HULC.TO
1.8%

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

Global X US Large Cap Index Corporate Class ETF

Often compared with VUN.TO:
VUN.TO vs. XUU.TOVUN.TO vs. VOOVUN.TO vs. VCN.TOVUN.TO vs. VTIVUN.TO vs. VEQT.TOVUN.TO vs. VFV.TOVUN.TO vs. TPU.TO
Often compared with HULC.TO:
HULC.TO vs. HXS.TOHULC.TO vs. FCUQ.TOHULC.TO vs. XHU.TOHULC.TO vs. SMVP.TOHULC.TO vs. XMTM.TOHULC.TO vs. XUU.TOHULC.TO vs. TULV.TO

Return for Risk

VUN.TO vs. HULC.TO — 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: 7777
Overall Rank
VUN.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
VUN.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
VUN.TO Omega Ratio Rank: 7777
Omega Ratio Rank
VUN.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VUN.TO Martin Ratio Rank: 7575
Martin Ratio Rank
HULC.TO
HULC.TO Risk / Return Rank: 7373
Overall Rank
HULC.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
HULC.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
HULC.TO Omega Ratio Rank: 7474
Omega Ratio Rank
HULC.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
HULC.TO Martin Ratio Rank: 7070
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. HULC.TO - 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 Global X US Large Cap Index Corporate Class ETF (HULC.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.

VUN.TOHULC.TODifference
Sharpe ratioReturn per unit of total volatility
2.01
1.91

+0.09

Sortino ratioReturn per unit of downside risk
2.79
2.66

+0.13

Omega ratioGain probability vs. loss probability

1.36

1.35

+0.01

Calmar ratioReturn relative to maximum drawdown

2.97

2.88

+0.08

Martin ratioReturn relative to average drawdown

10.92

10.17

+0.75

VUN.TO vs. HULC.TO - Sharpe Ratio Comparison

The current VUN.TO Sharpe Ratio is 2.01, which is comparable to the HULC.TO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of VUN.TO and HULC.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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Drawdowns

VUN.TO vs. HULC.TO - Drawdown Comparison

The maximum VUN.TO drawdown since its inception was -28.19%, which is greater than HULC.TO's maximum drawdown of -23.94%. Use the drawdown chart below to compare losses from any high point for VUN.TO and HULC.TO.

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Drawdown Indicators

VUN.TOHULC.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.19%

-23.94%

-4.25%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-8.73%

+0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-19.88%

-19.46%

-0.42%

Max Drawdown (5Y)

Largest decline over 5 years

-23.67%

-23.94%

+0.27%

Max Drawdown (10Y)

Largest decline over 10 years

-28.19%

—

—

Current Drawdown

Current decline from peak

-1.09%

-0.90%

-0.19%

Average Drawdown

Average peak-to-trough decline

-3.78%

-4.79%

+1.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.31%

2.47%

-0.16%

Volatility

VUN.TO vs. HULC.TO - Volatility Comparison

Vanguard U.S. Total Market Index ETF (VUN.TO) has a higher volatility of 3.77% compared to Global X US Large Cap Index Corporate Class ETF (HULC.TO) at 3.55%. This indicates that VUN.TO's price experiences larger fluctuations and is considered to be riskier than HULC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VUN.TOHULC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

3.55%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

9.76%

10.10%

-0.34%

Volatility (1Y)

Calculated over the trailing 1-year period

12.60%

13.15%

-0.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.57%

16.32%

-0.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.73%

19.12%

-2.39%

VUN.TO vs. HULC.TO - Expense Ratio Comparison

VUN.TO has a 0.17% expense ratio, which is higher than HULC.TO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VUN.TO vs. HULC.TO - Dividend Comparison

VUN.TO's dividend yield for the trailing twelve months is around 0.76%, while HULC.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HULC.TO
Global X US Large Cap Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VUN.TO
Vanguard U.S. Total Market Index ETF		0.76%0.84%0.93%1.10%1.21%0.97%1.15%1.45%1.52%1.39%1.50%1.49%

Frequently Asked Questions

With a correlation of 0.95, VUN.TO and HULC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, HULC.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HULC.TO is cheaper with a 0.08% expense ratio, compared with 0.17% for VUN.TO.

VUN.TO tracks CRSP US Total Market Index, while HULC.TO tracks Solactive US Large Cap Index (CA NTR). They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.17% for VUN.TO and 0.08% for HULC.TO.

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