XSP.TO Alternatives & Similar ETFs

iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with XSP.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to XSP.TO

XSP.TO charges 0.09% annually. There is 1 ETF in the S&P 500 category with a lower expense ratio, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	249.48M	Jul 2023	XSP.TO vs USCL.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.60B	Apr 2013	XSP.TO vs XUS.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	23.82B	Nov 2012	XSP.TO vs ZSP.TO
VFV.TO	Vanguard S&P 500 Index ETF	0.09%	32.85B	Nov 2012	XSP.TO vs VFV.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	0.09%	6.15B	Nov 2012	XSP.TO vs VSP.TO

Best Risk-Adjusted Alternatives to XSP.TO

XSP.TO has a PortfoliosLab risk / return rank of 61. There are 13 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 81.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	81	10.16M	May 2024	XSP.TO vs USSL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	80	400.59M	Sep 2011	XSP.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	75	249.48M	Jul 2023	XSP.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	75	—	Jul 2024	XSP.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	74	32.85B	Nov 2012	XSP.TO vs VFV.TO

Top Performing XSP.TO Alternatives (YTD)

XSP.TO is at 9.64% YTD. There are 13 ETFs in the S&P 500 category with higher YTD returns, going as high as 14.51%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	14.51%	10.16M	May 2024	XSP.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.69%	—	Jul 2024	XSP.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.30%	32.85B	Nov 2012	XSP.TO vs VFV.TO
XUS.TO	iShares Core S&P 500 Index ETF	12.21%	12.60B	Apr 2013	XSP.TO vs XUS.TO
ZSP.TO	BMO S&P 500 Index ETF	12.15%	23.82B	Nov 2012	XSP.TO vs ZSP.TO

Lowest Volatility Alternatives to XSP.TO

XSP.TO has 11.75% 1-year volatility. There are 6 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.08%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.08%	155.19M	Nov 2025	XSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	9.32%	400.59M	Sep 2011	XSP.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.46%	—	Jul 2024	XSP.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.46%	32.85B	Nov 2012	XSP.TO vs VFV.TO
ZSP.TO	BMO S&P 500 Index ETF	11.53%	23.82B	Nov 2012	XSP.TO vs ZSP.TO

Lowest Drawdown Alternatives to XSP.TO

XSP.TO has a 1-year max drawdown of -9.41%. There are 12 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -5.45%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	-5.45%	155.19M	Nov 2025	XSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	400.59M	Sep 2011	XSP.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	1.66B	May 2018	XSP.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	XSP.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	249.48M	Jul 2023	XSP.TO vs USCL.TO

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include XEQT.TO, XDIV.TO, XEI.TO and span 7 categories. AUM among these funds goes as high as $30B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	XSP.TO vs XEQT.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	XSP.TO vs XDIV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	22.21%	4.02B	Apr 2011	XSP.TO vs XEI.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.75%	29.66B	Feb 2001	XSP.TO vs XIC.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Large Cap Growth Equities	82	10.14%	22.52B	Sep 1999	XSP.TO vs XIU.TO
XQQ.TO	iShares NASDAQ 100 Index ETF (CAD-Hedged)	Nasdaq-100	66	19.81%	5.56B	May 2011	XSP.TO vs XQQ.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Global Equities	47	9.95%	21.46B	Apr 2013	XSP.TO vs XEF.TO
XGRO.TO	iShares Core Growth ETF Portfolio	Large Cap Growth Equities	67	10.38%	4.82B	Jun 2007	XSP.TO vs XGRO.TO
XAW.TO	iShares Core MSCI All Country World ex Canada Inde...	Global Equities	76	13.70%	4.25B	Feb 2015	XSP.TO vs XAW.TO
XGD.TO	iShares S&P/TSX Global Gold Index ETF	Precious Metals	42	3.35%	3.59B	Mar 2001	XSP.TO vs XGD.TO

Often Compared With XSP.TO

Investors most often compare XSP.TO with VFVA, VOO, VEQT.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VFVA	Vanguard U.S. Value Factor ETF	Mid Cap Value Equities	58	9.50%	814.80M	Feb 2018	XSP.TO vs VFVA
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	XSP.TO vs VOO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	81	12.75%	14.70B	Jan 2019	XSP.TO vs VEQT.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	73	21.30%	493.99B	Mar 1999	XSP.TO vs QQQ
XSU.TO	iShares U.S. Small Cap Index ETF (CAD-Hedged)	Small Cap Blend Equities	56	15.84%	784.69M	May 2007	XSP.TO vs XSU.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	Energy Equities	86	44.34%	2.28B	Mar 2001	XSP.TO vs XEG.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	XSP.TO vs ZQQ.TO
XMC.TO	iShares S&P U.S. Mid-Cap Index ETF	Mid Cap Blend Equities	56	15.43%	808.37M	Aug 2015	XSP.TO vs XMC.TO
VOOG	Vanguard S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	58	13.78%	24.20B	Sep 2010	XSP.TO vs VOOG
FCUV.TO	Fidelity U.S. Value ETF	Large Cap Value Equities	79	15.14%	3.08B	Jun 2020	XSP.TO vs FCUV.TO
IMO.TO	Imperial Oil Limited		91	48.95%	—	—	XSP.TO vs IMO.TO
TECK-B.TO	Teck Resources Limited		84	42.56%	—	—	XSP.TO vs TECK-B.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	68	10.58%	—	Nov 2012	XSP.TO vs ZSP-U.TO
LSPD.TO	Lightspeed Commerce Inc.		26	-22.04%	—	—	XSP.TO vs LSPD.TO
XML.TO	iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)	Global Equities	35	3.89%	40.28M	Apr 2016	XSP.TO vs XML.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities	95	16.23%	4.34B	Jan 2024	XSP.TO vs ZWB.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	XSP.TO vs HXS.TO
CADUSD=X	CAD/USD		32	-1.24%	—	—	XSP.TO vs CADUSD=X
ZHU.TO	BMO Equal Weight US Health Care Index ETF		19	-3.69%	9.65M	—	XSP.TO vs ZHU.TO
XTOT.TO	iShares Core S&P Total U.S. Stock Market Index ETF	Large Cap Blend Equities	67	12.63%	—	May 2025	XSP.TO vs XTOT.TO

Compare XSP.TO with Any Fund or Stock

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

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Diversifiers

Pair XSP.TO with funds that move differently

iShares Core S&P 500 Index ETF (CAD-Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XSP.TO.

Explore XSP.TO Diversifiers

iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) Alternatives