TULV.TO
TD Q U.S. Low Volatility ETF
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 61.1 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Inception date | May 26, 2020 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CBOE HOLDINGS INC | 4.0 % |
| CISCO SYSTEMS INC | 3.2 % |
| COCA-COLA CO/THE | 3.2 % |
| CME GROUP INC | 3.0 % |
| COLGATE-PALMOLIVE CO | 3.0 % |
| CONSOLIDATED EDISON INC | 2.9 % |
| JOHNSON & JOHNSON | 2.9 % |
| PEPSICO INC | 2.9 % |
| WAL-MART STORES INC | 2.7 % |
| HERSHEY CO/THE | 2.7 % |
Constituent Breakdown
| Number of holdings | 84 |
| Herfindahl-Hirschman Index | 197 |
| Wgt avg mkt cap (mns) | $339,739 |
| Large cap (>$10bn) | 99.1% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 99.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.6% | 4.3% | 9.1% | 7.8% | 7.4% | -- | -- | 6.7% |
| Dividend Yield | 0.4% | 1.9% | 1.9% | 1.9% | 1.8% | -- | -- | 1.7% |
| Total Returns | 3.0% | 6.2% | 10.9% | 9.7% | 9.2% | -- | -- | 8.5% | Ann. Volatility | 10.5% | 9.8% | 11.5% | 10.7% | 11.8% | -- | -- | 11.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.04 | 0% |
| MSCI EAFE | 0.10 | 3% |
| MSCI Emg Mkts | -0.01 | 0% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $22.97 |
| Relative strength (RSI) | 51 |
| MACD/Signal | 0.11/0.08 |
| Bollinger Bands (Upper/Lower) | $23.47/$22.39 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TULV.TO |
Expenses vs. TULV.TO |
ALTAR Score™ vs. TULV.TO |
|---|---|---|---|---|
| ZLU.TO | BMO Low Volatility US Equity ETF | 38.1% | 0 bp | +0.7% |
| XMU.TO | iShares MSCI Min Vol USA Index ETF | 36.2% | +3 bp | -0.3% |
| MDEF.TO | Mackenzie Defensive Tilt ETF | 35.7% | +25 bp | -0.1% |
| MULV.TO | Mackenzie GQE US Low Volatility ETF | 34.0% | +15 bp | 0.0% |
| MWLV.TO | Mackenzie GQE World Low Volatility ETF | 31.5% | +20 bp | +0.1% |
| UDEF.TO | Manulife Smart U.S. Defensive Equity ETF | 28.6% | +3 bp | -0.1% |
| XDU.TO | iShares Core MSCI US Quality Dividend Index ETF | 28.5% | -14 bp | +1.0% |
| DGR.TO | CI U.S. Quality Dividend Growth Index ETF | 26.2% | +5 bp | -1.6% |
| ZUQ.TO | BMO MSCI USA High Quality Index ETF | 26.0% | 0 bp | -1.4% |
| SMVP.TO | HAMILTON CHAMPIONS TM U.S. Dividend Index ETF | 25.9% | -30 bp | -6.0% |
Risk and Returns: TULV.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
6.0%
ALTAR SCORE™
63rd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. TULV.TO's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places TULV.TO in the 63rd percentile
among funds in the category.
Sell-Side Consensus
$26.26
PRICE TARGET
+15.9%
UPSIDE