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XIU.TO vs. TCLV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIU.TO vs. TCLV.TO

Last updated Jun 4, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and TCLV.TO (TD Q Canadian Low Volatility ETF) are both Canada Equities funds. XIU.TO is passively managed, while TCLV.TO is actively managed. Over the past 5 years, XIU.TO returned 14.37%/yr vs 11.09%/yr for TCLV.TO. A 0.56 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.33%/yr for TCLV.TO.

Performance

XIU.TO vs. TCLV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and TD Q Canadian Low Volatility ETF (TCLV.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, XIU.TO achieves a 10.14% return, which is significantly higher than TCLV.TO's 3.98% return.

XIU.TO

1D
-0.87%
1M
3.47%
YTD
10.14%
6M
12.10%
1Y
31.65%
3Y*
22.48%
5Y*
14.37%
10Y*
12.62%

TCLV.TO

1D
0.11%
1M
1.52%
YTD
3.98%
6M
6.36%
1Y
13.14%
3Y*
15.74%
5Y*
11.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. TCLV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XIU.TO
iShares S&P/TSX 60 Index ETF		10.14%28.89%20.73%11.85%-6.35%28.06%11.88%
TCLV.TO
TD Q Canadian Low Volatility ETF		3.98%24.55%17.71%2.95%-0.91%23.83%7.13%

Correlation

The correlation between XIU.TO and TCLV.TO is 0.59, 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

0.59

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

0.63

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

0.62

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

0.56

The correlation between XIU.TO and TCLV.TO has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

XIU.TO vs. TCLV.TO - Sectors Allocation Comparison

Sectors
XIU.TO
TCLV.TO

Financial Services

39.4%
28.5%

Energy

18.6%
8.7%

Basic Materials

13.3%
5.3%

Technology

8.8%
2.5%

Industrials

7.9%
11.1%

Consumer Cyclical

4.1%
6.8%

Consumer Defensive

3.2%
17.3%

Utilities

2.6%
14.2%

Communication Services

2.0%
5.7%

Real Estate

0.2%

-

Healthcare

-

-

Financial Services

XIU.TO
39.4%
TCLV.TO
28.5%

Energy

XIU.TO
18.6%
TCLV.TO
8.7%

Basic Materials

XIU.TO
13.3%
TCLV.TO
5.3%

Technology

XIU.TO
8.8%
TCLV.TO
2.5%

Industrials

XIU.TO
7.9%
TCLV.TO
11.1%

Consumer Cyclical

XIU.TO
4.1%
TCLV.TO
6.8%

Consumer Defensive

XIU.TO
3.2%
TCLV.TO
17.3%

Utilities

XIU.TO
2.6%
TCLV.TO
14.2%

Communication Services

XIU.TO
2.0%
TCLV.TO
5.7%

Real Estate

XIU.TO
0.2%
TCLV.TO

-

Healthcare

XIU.TO

-

TCLV.TO

-

Compare stocks, funds, or ETFs

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iShares S&P/TSX 60 Index ETF

TD Q Canadian Low Volatility ETF

Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO
Often compared with TCLV.TO:
TCLV.TO vs. TULV.TOTCLV.TO vs. ZLB.TOTCLV.TO vs. XMV.TOTCLV.TO vs. TEQT.TOTCLV.TO vs. TQCD.TOTCLV.TO vs. XCV.TOTCLV.TO vs. FXM.TO

Return for Risk

XIU.TO vs. TCLV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIU.TO
XIU.TO Risk / Return Rank: 8282
Overall Rank
XIU.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 8787
Martin Ratio Rank
TCLV.TO
TCLV.TO Risk / Return Rank: 5353
Overall Rank
TCLV.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
TCLV.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
TCLV.TO Omega Ratio Rank: 4848
Omega Ratio Rank
TCLV.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
TCLV.TO Martin Ratio Rank: 6262
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.

XIU.TO vs. TCLV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and TD Q Canadian Low Volatility ETF (TCLV.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.

XIU.TOTCLV.TODifference
Sharpe ratioReturn per unit of total volatility
2.71
1.64

+1.07

Sortino ratioReturn per unit of downside risk
3.64
2.50

+1.14

Omega ratioGain probability vs. loss probability

1.49

1.30

+0.19

Calmar ratioReturn relative to maximum drawdown

4.16

2.73

+1.43

Martin ratioReturn relative to average drawdown

19.30

10.91

+8.40

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

XIU.TO vs. TCLV.TO - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.71, which is higher than the TCLV.TO Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of XIU.TO and TCLV.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

XIU.TOTCLV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.71

1.64

+1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.13

1.16

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

1.32

-0.81

Drawdowns

XIU.TO vs. TCLV.TO - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -52.31%, which is greater than TCLV.TO's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for XIU.TO and TCLV.TO.

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Drawdown Indicators

XIU.TOTCLV.TODifference

Max Drawdown

Largest peak-to-trough decline

-52.31%

-15.27%

-37.04%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-4.84%

-2.81%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-9.29%

-3.07%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-15.27%

-1.09%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

—

—

Current Drawdown

Current decline from peak

-0.87%

-1.26%

+0.39%

Average Drawdown

Average peak-to-trough decline

-11.63%

-3.07%

-8.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

1.22%

+0.42%

Volatility

XIU.TO vs. TCLV.TO - Volatility Comparison

iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 3.28% compared to TD Q Canadian Low Volatility ETF (TCLV.TO) at 2.44%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than TCLV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOTCLV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

2.44%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

9.32%

6.35%

+2.97%

Volatility (1Y)

Calculated over the trailing 1-year period

11.73%

8.04%

+3.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.78%

9.61%

+3.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.01%

9.77%

+5.24%

XIU.TO vs. TCLV.TO - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is lower than TCLV.TO's 0.33% expense ratio.

Dividends

XIU.TO vs. TCLV.TO - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.20%, more than TCLV.TO's 1.86% yield.

PositionTTM20252024202320222021202020192018201720162015
TCLV.TO
TD Q Canadian Low Volatility ETF		1.86%1.89%2.68%3.15%2.84%2.64%1.59%0.00%0.00%0.00%0.00%0.00%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.20%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

XIU.TO and TCLV.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.33% for TCLV.TO.

They also come from different issuers: iShares and TD. Their fees differ too: 0.18% for XIU.TO and 0.33% for TCLV.TO.

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