PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XHU.TO vs. TULV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XHU.TO vs. TULV.TO

Last updated Jun 4, 2026

XHU.TO (iShares U.S. High Dividend Equity Index ETF) and TULV.TO (TD Q U.S. Low Volatility ETF) are both Large Cap Blend Equities funds. XHU.TO is passively managed, while TULV.TO is actively managed. Over the past 5 years, XHU.TO returned 9.96%/yr vs 8.91%/yr for TULV.TO. At a 0.46 correlation, their price movements are largely independent. XHU.TO charges 0.34%/yr vs 0.35%/yr for TULV.TO.

Performance

XHU.TO vs. TULV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. High Dividend Equity Index ETF (XHU.TO) and TD Q U.S. Low Volatility ETF (TULV.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XHU.TO achieves a 13.95% return, which is significantly higher than TULV.TO's 1.51% return.

XHU.TO

1D
1.05%
1M
2.71%
YTD
13.95%
6M
4.75%
1Y
13.69%
3Y*
11.06%
5Y*
9.96%
10Y*
7.63%

TULV.TO

1D
0.00%
1M
-0.04%
YTD
1.51%
6M
-0.18%
1Y
5.14%
3Y*
9.27%
5Y*
8.91%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
XHU.TO
iShares U.S. High Dividend Equity Index ETF		13.95%-0.28%16.64%-1.52%12.37%18.23%-2.14%
TULV.TO
TD Q U.S. Low Volatility ETF		1.51%3.62%23.74%-3.31%2.02%23.84%0.90%

Correlation

The correlation between XHU.TO and TULV.TO is 0.67, 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

0.67

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

0.61

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

0.53

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2020

0.46

Over the past year, XHU.TO and TULV.TO have become more correlated (0.67) than their long-term average of 0.46, meaning their price movements have been converging.

XHU.TO vs. TULV.TO - Sectors Allocation Comparison

Sectors
XHU.TO
TULV.TO

Consumer Defensive

24.1%
24.9%

Energy

21.2%

-

Healthcare

16.8%
20.4%

Financial Services

10.8%
12.6%

Technology

9.0%
8.8%

Utilities

8.9%
17.7%

Consumer Cyclical

5.8%
0.6%

Industrials

2.0%
3.4%

Basic Materials

1.1%

-

Communication Services

0.1%
11.6%

Real Estate

-

0.1%

Consumer Defensive

XHU.TO
24.1%
TULV.TO
24.9%

Energy

XHU.TO
21.2%
TULV.TO

-

Healthcare

XHU.TO
16.8%
TULV.TO
20.4%

Financial Services

XHU.TO
10.8%
TULV.TO
12.6%

Technology

XHU.TO
9.0%
TULV.TO
8.8%

Utilities

XHU.TO
8.9%
TULV.TO
17.7%

Consumer Cyclical

XHU.TO
5.8%
TULV.TO
0.6%

Industrials

XHU.TO
2.0%
TULV.TO
3.4%

Basic Materials

XHU.TO
1.1%
TULV.TO

-

Communication Services

XHU.TO
0.1%
TULV.TO
11.6%

Real Estate

XHU.TO

-

TULV.TO
0.1%

Compare stocks, funds, or ETFs

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

iShares U.S. High Dividend Equity Index ETF

TD Q U.S. Low Volatility ETF

Often compared with XHU.TO:
XHU.TO vs. CUD.TOXHU.TO vs. SCHDXHU.TO vs. VDY.TOXHU.TO vs. XEI.TOXHU.TO vs. XEQT.TOXHU.TO vs. DGROXHU.TO vs. XLY
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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XHU.TO
XHU.TO Risk / Return Rank: 3232
Overall Rank
XHU.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
XHU.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
XHU.TO Omega Ratio Rank: 3434
Omega Ratio Rank
XHU.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
XHU.TO Martin Ratio Rank: 3535
Martin Ratio Rank
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
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.

XHU.TO vs. TULV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Dividend Equity Index ETF (XHU.TO) and TD Q U.S. Low Volatility ETF (TULV.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.

XHU.TOTULV.TODifference
Sharpe ratioReturn per unit of total volatility
1.17
0.49

+0.67

Sortino ratioReturn per unit of downside risk
1.54
0.78

+0.77

Omega ratioGain probability vs. loss probability

1.23

1.09

+0.14

Calmar ratioReturn relative to maximum drawdown

1.58

0.79

+0.79

Martin ratioReturn relative to average drawdown

5.48

1.85

+3.63

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

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

The current XHU.TO Sharpe Ratio is 1.17, which is higher than the TULV.TO Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of XHU.TO and TULV.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.

Loading charts...

Sharpe Ratios by Period

XHU.TOTULV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.17

0.49

+0.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.75

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.71

-0.16

Drawdowns

XHU.TO vs. TULV.TO - Drawdown Comparison

The maximum XHU.TO drawdown since its inception was -29.94%, which is greater than TULV.TO's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for XHU.TO and TULV.TO.

Loading charts...

Drawdown Indicators

XHU.TOTULV.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.94%

-11.78%

-18.16%

Max Drawdown (1Y)

Largest decline over 1 year

-8.73%

-6.56%

-2.17%

Max Drawdown (3Y)

Largest decline over 3 years

-12.53%

-11.39%

-1.14%

Max Drawdown (5Y)

Largest decline over 5 years

-12.53%

-11.78%

-0.75%

Max Drawdown (10Y)

Largest decline over 10 years

-29.94%

—

—

Current Drawdown

Current decline from peak

-1.84%

-5.64%

+3.80%

Average Drawdown

Average peak-to-trough decline

-3.73%

-3.61%

-0.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.83%

-0.32%

Volatility

XHU.TO vs. TULV.TO - Volatility Comparison

The current volatility for iShares U.S. High Dividend Equity Index ETF (XHU.TO) is 3.53%, while TD Q U.S. Low Volatility ETF (TULV.TO) has a volatility of 4.79%. This indicates that XHU.TO experiences smaller price fluctuations and is considered to be less risky than TULV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XHU.TOTULV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

4.79%

-1.26%

Volatility (6M)

Calculated over the trailing 6-month period

10.28%

7.91%

+2.37%

Volatility (1Y)

Calculated over the trailing 1-year period

11.79%

10.44%

+1.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.89%

11.89%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.38%

11.62%

+2.76%

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

XHU.TO has a 0.34% expense ratio, which is lower than TULV.TO's 0.35% expense ratio.

Dividends

XHU.TO vs. TULV.TO - Dividend Comparison

XHU.TO's dividend yield for the trailing twelve months is around 2.44%, more than TULV.TO's 1.80% yield.

PositionTTM20252024202320222021202020192018201720162015
TULV.TO
TD Q U.S. Low Volatility ETF		1.80%1.80%1.48%1.96%1.57%1.37%0.83%0.00%0.00%0.00%0.00%0.00%
XHU.TO
iShares U.S. High Dividend Equity Index ETF		2.44%2.75%2.72%2.86%2.63%2.60%3.18%2.25%2.52%2.27%2.38%2.30%

Frequently Asked Questions

XHU.TO and TULV.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XHU.TO is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XHU.TO is cheaper with a 0.34% expense ratio, compared with 0.35% for TULV.TO.

They also come from different issuers: iShares and TD. Their fees differ too: 0.34% for XHU.TO and 0.35% for TULV.TO.

Portfolio Optimizer

Find the right allocation for XHU.TO and TULV.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer