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XUSC.TO vs. TULV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUSC.TO vs. TULV.TO

Last updated Jun 4, 2026

XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) and TULV.TO (TD Q U.S. Low Volatility ETF) are both Large Cap Blend Equities funds. XUSC.TO is passively managed, while TULV.TO is actively managed. Over the past year, XUSC.TO returned 27.68% vs 5.14% for TULV.TO. At a 0.30 correlation, their price movements are largely independent. XUSC.TO charges 0.12%/yr vs 0.35%/yr for TULV.TO.

Performance

XUSC.TO vs. TULV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) and TD Q U.S. Low Volatility ETF (TULV.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, XUSC.TO achieves a 12.69% return, which is significantly higher than TULV.TO's 1.51% return.

XUSC.TO

1D
0.23%
1M
7.55%
YTD
12.69%
6M
10.97%
1Y
27.68%
3Y*
—
5Y*
—
10Y*
—

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)

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

2026 (YTD)20252024
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)		12.69%11.40%11.76%
TULV.TO
TD Q U.S. Low Volatility ETF		1.51%3.62%10.07%

Correlation

The correlation between XUSC.TO and TULV.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

Correlation (All Time)
Calculated using the full available price history since Jul 19, 2024

0.30

Compare stocks, funds, or ETFs

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

iShares S&P 500 3% Capped Index ETF (CAD Units)

TD Q U.S. Low Volatility ETF

Often compared with XUSC.TO:
XUSC.TO vs. ESG.TOXUSC.TO vs. XSP.TOXUSC.TO vs. ZUE.TOXUSC.TO vs. CNCL.TOXUSC.TO vs. ZEQL.TOXUSC.TO vs. TPU.TOXUSC.TO vs. VFV.TO
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUSC.TO
XUSC.TO Risk / Return Rank: 7575
Overall Rank
XUSC.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
XUSC.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XUSC.TO Omega Ratio Rank: 7575
Omega Ratio Rank
XUSC.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
XUSC.TO Martin Ratio Rank: 7272
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.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.

XUSC.TOTULV.TODifference
Sharpe ratioReturn per unit of total volatility
2.43
0.49

+1.94

Sortino ratioReturn per unit of downside risk
3.39
0.78

+2.61

Omega ratioGain probability vs. loss probability

1.44

1.09

+0.35

Calmar ratioReturn relative to maximum drawdown

3.66

0.79

+2.87

Martin ratioReturn relative to average drawdown

13.42

1.85

+11.57

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

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

The current XUSC.TO Sharpe Ratio is 2.43, which is higher than the TULV.TO Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of XUSC.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.

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Sharpe Ratios by Period

XUSC.TOTULV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.43

0.49

+1.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.27

0.71

+0.56

Drawdowns

XUSC.TO vs. TULV.TO - Drawdown Comparison

The maximum XUSC.TO drawdown since its inception was -18.31%, 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 XUSC.TO and TULV.TO.

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Drawdown Indicators

XUSC.TOTULV.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.31%

-11.78%

-6.53%

Max Drawdown (1Y)

Largest decline over 1 year

-7.60%

-6.56%

-1.04%

Max Drawdown (3Y)

Largest decline over 3 years

—

-11.39%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-11.78%

—

Current Drawdown

Current decline from peak

0.00%

-5.64%

+5.64%

Average Drawdown

Average peak-to-trough decline

-2.67%

-3.61%

+0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

2.83%

-0.76%

Volatility

XUSC.TO vs. TULV.TO - Volatility Comparison

The current volatility for iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) is 2.61%, while TD Q U.S. Low Volatility ETF (TULV.TO) has a volatility of 4.79%. This indicates that XUSC.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.

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Volatility by Period

XUSC.TOTULV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.61%

4.79%

-2.18%

Volatility (6M)

Calculated over the trailing 6-month period

8.51%

7.91%

+0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

11.46%

10.44%

+1.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.72%

11.89%

+3.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.72%

11.62%

+4.10%

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

XUSC.TO has a 0.12% expense ratio, which is lower than TULV.TO's 0.35% expense ratio.

Dividends

XUSC.TO vs. TULV.TO - Dividend Comparison

XUSC.TO's dividend yield for the trailing twelve months is around 0.84%, less than TULV.TO's 1.80% yield.

PositionTTM202520242023202220212020
TULV.TO
TD Q U.S. Low Volatility ETF		1.80%1.80%1.48%1.96%1.57%1.37%0.83%
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)		0.84%0.94%0.24%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XUSC.TO and TULV.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUSC.TO is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUSC.TO is cheaper with a 0.12% expense ratio, compared with 0.35% for TULV.TO.

They also come from different issuers: iShares and TD. Their fees differ too: 0.12% for XUSC.TO and 0.35% for TULV.TO.

Portfolio Optimizer

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