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iShares U.S. Aerospace & Defense Index ETF (XAD.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 14, 2026

iShares U.S. Aerospace & Defense Index ETF seeks to track the performance of the Dow Jones U.S. Select Aerospace & Defense Index by investing in growth and value stocks of companies in the aerospace, defense, industrials, and capital goods sectors across diversified market capitalizations.

iShares U.S. Aerospace & Defense Index ETF (XAD.TO) belongs to the Aerospace & Defense category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with XAD.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include XEQT.TO, XDIV.TO, XEI.TO and span 8 categories. AUM among these funds goes as high as $31B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
86
13.91%
20.34BAug 2019XAD.TO vs XEQT.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
25.10%
5.78BJun 2017XAD.TO vs XDIV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
26.42%
4.25BApr 2011XAD.TO vs XEI.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETFCanada Equities
89
12.55%
31.16BFeb 2001XAD.TO vs XIC.TO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
92
13.48%
23.77BSep 1999XAD.TO vs XIU.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
42
14.50%
5.51BMay 2011XAD.TO vs XQQ.TO
XEF.TO
iShares Core MSCI EAFE IMI Index ETFForeign Large Cap Equities
61
12.48%
22.53BApr 2013XAD.TO vs XEF.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
76
11.30%
5.03BJun 2007XAD.TO vs XGRO.TO
XUS.TO
iShares Core S&P 500 Index ETFS&P 500
79
13.88%
13.11BApr 2013XAD.TO vs XUS.TO
XAW.TO
iShares Core MSCI All Country World ex Canada Inde...Global Equities
81
14.66%
4.49BFeb 2015XAD.TO vs XAW.TO

Often Compared With XAD.TO

Investors most often compare XAD.TO with SHLD, ITA, SHLD.TO. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SHLD
Global X Defense Tech ETFAerospace & Defense
10
-6.37%
6.91BSep 2023XAD.TO vs SHLD
ITA
iShares U.S. Aerospace & Defense ETFAerospace & Defense, Industrials Equities
37
9.63%
14.23BMay 2006XAD.TO vs ITA
SHLD.TO
Global X Defence Tech Index ETFAerospace & Defense
12
-3.67%
—Apr 2025XAD.TO vs SHLD.TO
XAR
SPDR S&P Aerospace & Defense ETFAerospace & Defense, Industrials Equities
32
9.58%
6.22BSep 2011XAD.TO vs XAR
XGD.TO
iShares S&P/TSX Global Gold Index ETFGold, Precious Metals
35
-9.26%
3.30BMar 2001XAD.TO vs XGD.TO
QQQ
Invesco QQQ ETFNasdaq-100
58
16.13%
481.14BMar 1999XAD.TO vs QQQ
DOW
Dow Inc.
51
32.77%
——XAD.TO vs DOW
IWB
iShares Russell 1000 ETFLarge Cap Blend Equities
64
10.28%
48.78BMay 2000XAD.TO vs IWB
XCHP.TO
iShares Semiconductor Index ETFSemiconductors, Technology Equities
94
89.42%
—Sep 2023XAD.TO vs XCHP.TO
BN
Brookfield Corporation
48
-5.20%
——XAD.TO vs BN
CGY.TO
Calian Group Ltd.
87
45.71%
——XAD.TO vs CGY.TO
CEW.TO
iShares Equal Weight Banc & Lifeco ETFFinancials Equities, Equal Weight
97
30.75%
435.32MFeb 2008XAD.TO vs CEW.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
79
13.78%
34.09BNov 2012XAD.TO vs VFV.TO
JEDI
Defiance Drone and Modern Warfare ETFAerospace & Defense—
1.27%
143.08MSep 2025XAD.TO vs JEDI
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ...Materials———Sep 2023XAD.TO vs XETM.TO
XEMC.TO
iShares MSCI Emerging Markets ex China Index ETFEmerging Markets Equities
86
34.60%
—Feb 2023XAD.TO vs XEMC.TO
DFND.AS
iShares Global Aerospace & Defence UCITS ETFIndustrials Equities———Feb 2024XAD.TO vs DFND.AS
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETFCanada Equities
75
10.78%
523.75MApr 2020XAD.TO vs XCSR.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
50
14.88%
5.05BMay 2019XAD.TO vs TEC.TO
VCE.TO
Vanguard FTSE Canada Index ETFCanada Equities
88
12.83%
3.54BNov 2011XAD.TO vs VCE.TO

Compare XAD.TO with Any Fund or Stock

Compare XAD.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair XAD.TO with funds that move differently

iShares U.S. Aerospace & Defense Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XAD.TO.

Explore XAD.TO Diversifiers