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

ETF · Currency in CAD · Last updated Jun 24, 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 $30B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
80
12.92%
19.56BAug 2019XAD.TO vs XEQT.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
21.65%
5.54BJun 2017XAD.TO vs XDIV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
97
23.82%
4.13BApr 2011XAD.TO vs XEI.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETFCanada Equities
81
11.29%
30.44BFeb 2001XAD.TO vs XIC.TO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
86
11.72%
22.98BSep 1999XAD.TO vs XIU.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
44
14.79%
5.60BMay 2011XAD.TO vs XQQ.TO
XEF.TO
iShares Core MSCI EAFE IMI Index ETFForeign Large Cap Equities
54
12.09%
22.44BApr 2013XAD.TO vs XEF.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
69
10.64%
4.97BJun 2007XAD.TO vs XGRO.TO
XUS.TO
iShares Core S&P 500 Index ETFS&P 500
71
11.90%
12.94BApr 2013XAD.TO vs XUS.TO
XAW.TO
iShares Core MSCI All Country World ex Canada Inde...Global Equities
76
14.02%
4.47BFeb 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
11
-6.53%
7.43BSep 2023XAD.TO vs SHLD
ITA
iShares U.S. Aerospace & Defense ETFAerospace & Defense, Industrials Equities
38
10.04%
14.21BMay 2006XAD.TO vs ITA
SHLD.TO
Global X Defence Tech Index ETFAerospace & Defense
13
-3.44%
—Apr 2025XAD.TO vs SHLD.TO
XAR
SPDR S&P Aerospace & Defense ETFAerospace & Defense, Industrials Equities
40
14.20%
7.23BSep 2011XAD.TO vs XAR
XGD.TO
iShares S&P/TSX Global Gold Index ETFGold, Precious Metals
34
-3.25%
3.65BMar 2001XAD.TO vs XGD.TO
QQQ
Invesco QQQ ETFNasdaq-100
59
16.45%
493.17BMar 1999XAD.TO vs QQQ
DOW
Dow Inc.
55
32.60%
——XAD.TO vs DOW
IWB
iShares Russell 1000 ETFLarge Cap Blend Equities
57
8.01%
48.40BMay 2000XAD.TO vs IWB
XCHP.TO
iShares Semiconductor Index ETFSemiconductors, Technology Equities
96
107.37%
—Sep 2023XAD.TO vs XCHP.TO
BN
Brookfield Corporation
53
-3.93%
——XAD.TO vs BN
CEW.TO
iShares Equal Weight Banc & Lifeco ETFFinancials Equities, Equal Weight
97
26.79%
419.44MFeb 2008XAD.TO vs CEW.TO
CGY.TO
Calian Group Ltd.
88
46.04%
——XAD.TO vs CGY.TO
JEDI
Defiance Drone & Modern Warfare ETFAerospace & Defense—
16.35%
173.78MSep 2025XAD.TO vs JEDI
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ...Materials———Sep 2023XAD.TO vs XETM.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
72
11.93%
32.85BNov 2012XAD.TO vs VFV.TO
XEMC.TO
iShares MSCI Emerging Markets ex China Index ETFEmerging Markets Equities
90
42.85%
—Feb 2023XAD.TO vs XEMC.TO
DFND.AS
iShares Global Aerospace & Defence UCITS ETFIndustrials Equities
46
62.32%
—Feb 2024XAD.TO vs DFND.AS
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETFCanada Equities
64
8.69%
507.36MApr 2020XAD.TO vs XCSR.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
47
13.45%
4.93BMay 2019XAD.TO vs TEC.TO
VCE.TO
Vanguard FTSE Canada Index ETFCanada Equities
77
11.17%
3.48BNov 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