VS
CI Invesco S&P 500 Low Volatility Index ETF (ULV.U) and iShares US Dividend Growers Index ETF (CUD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ULV.U focuses its top 3 sector exposures on Finance, Utilities, and Industrials, while CUD leans towards Finance, Consumer Non-Cyclicals, and Industrials. When evaluating costs, ULV.U features a management fee (MER) of 0.3%, compared to 0.6% for CUD. Performance-wise, ULV.U has returned 9.9% year-to-date with -$1 M in net flows, whereas CUD is at 17.93% with -$28 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
ULV.U
CUD
| AuM | $5.33 M | $247.95 M |
| Management Fees | 0.30% | 0.60% |
| Exp. ratio | 0.31% | 0.66% |
| Tracking Difference | -0.95% | -1.29% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ULV.U | +9.14% | +1.56% | +9.90% | +12.01% | +36.30% |
CUD | +11.32% | +4.59% | +17.93% | +20.91% | +44.10% | |
| Flows | ULV.U | +$0 M | +$0 M | -$1 M | -$2 M | -$1 M |
CUD | -$3 M | -$7 M | -$28 M | -$33 M | -$141 M |
ULV.U vs CUD exposure
Countries
ULV.U
USA
95.88%
CUD
USA
91.68%
Other
8.32%
Sectors
ULV.U
Finance
41.08%
Utilities
26.23%
Industrials
9.25%
Consumer Non-Cyclicals
7.83%
Other
15.61%
CUD
Finance
15.52%
Consumer Non-Cyclicals
14.61%
Industrials
14.24%
Utilities
12.55%
Technology
9.37%
Healthcare
8.34%
Other
25.36%
As of November 2, 2026
Top 10 Holdings
ULV.U
US46138E3541
99.94%
CUD
Verizon Communications, Inc.
3.17%
Accenture Plc
3.14%
Chevron Corp.
2.08%
Realty Income Corp.
2.00%
PepsiCo, Inc.
1.87%
Target Corp.
1.81%
Medtronic Plc
1.77%
NIKE, Inc.
1.53%
Kenvue, Inc.
1.52%
Becton, Dickinson & Co.
1.48%
Diversification
ULV.U
Total weight of top 10 holdings out of 100 total
99.94%
CUD
Total weight of top 10 holdings out of 155 total
20.37%
Characteristics
Compare
ULV.U
CUD
| Provider | CI | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P 500 Low Volatility Total Return Index - USD | S&P High Yield Dividend Aristocrats CAD Hedged Total Return Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.47% | 1.78% |
| Meets ESG criteria | No | No |
| Inception Date | January 31, 2017 | September 13, 2011 |
Frequently asked questions about ULV.U and CUD
Which ETF has performed better year to date: ULV.U or CUD?
As of November 2, 2026, ULV.U has returned 9.90% year to date, while CUD has returned 17.93%. CUD is ahead on YTD performance.
Which ETF is larger by assets under management: ULV.U or CUD?
As of November 2, 2026, ULV.U manages $5.33 M in assets, while CUD manages $247.95 M. CUD is the larger fund by AUM.
How are ULV.U and CUD managed?
ULV.U is passively managed by CI. It tracks the S&P 500 Low Volatility Total Return Index - USD benchmark. CUD is passively managed by iShares. It tracks the S&P High Yield Dividend Aristocrats CAD Hedged Total Return Index - CAD benchmark.
Which ETF is more diversified: ULV.U or CUD?
ULV.U holds 1 securities, while CUD holds 155. On holdings count, CUD is the more diversified portfolio.
Which ETF is attracting more investor flows: ULV.U or CUD?
Year to date, ULV.U has seen -$1.13 M in net flows, compared with -$27.73 M for CUD. ULV.U has attracted more net investor money so far.
How do the fees of ULV.U and CUD compare?
ULV.U has an expense ratio of 0.31%, while CUD has an expense ratio of 0.66%.
What sectors do ULV.U and CUD emphasize?
ULV.U is most exposed to Finance, Utilities, and Industrials. CUD is most exposed to Finance, Consumer Non-Cyclicals, and Industrials.
Recent articles about ULV.U and CUD
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