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%	250.98M	Jul 2023	XSP.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.23B	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
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.94B	Apr 2013	XSP.TO vs XUS.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	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 50. There are 14 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 89.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	89	11.18M	May 2024	XSP.TO vs USSL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	84	155.19M	Nov 2025	XSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	81	561.57M	Sep 2011	XSP.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	79	—	Jul 2024	XSP.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	78	250.98M	Jul 2023	XSP.TO vs USCL.TO

Top Performing XSP.TO Alternatives (YTD)

XSP.TO is at 6.62% YTD. There are 14 ETFs in the S&P 500 category with higher YTD returns, going as high as 14.48%.

Symbol	Name	YTD Return	AUM	Inception
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	14.48%	1.66B	May 2018	XSP.TO vs EQL.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	13.68%	11.18M	May 2024	XSP.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	13.63%	—	Jul 2024	XSP.TO vs XUSC.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	12.97%	155.19M	Nov 2025	XSP.TO vs EQLI.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	12.39%	250.98M	Jul 2023	XSP.TO vs USCL.TO

Lowest Volatility Alternatives to XSP.TO

XSP.TO has 12.39% 1-year volatility. There are 9 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.15%	155.19M	Nov 2025	XSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	9.86%	561.57M	Sep 2011	XSP.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.89%	—	Jul 2024	XSP.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.95%	32.85B	Nov 2012	XSP.TO vs VFV.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	12.06%	1.66B	May 2018	XSP.TO vs EQL.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 -5.47%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	-5.47%	155.19M	Nov 2025	XSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	561.57M	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%	250.98M	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	81	12.77%	19.56B	Aug 2019	XSP.TO vs XEQT.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	20.61%	5.54B	Jun 2017	XSP.TO vs XDIV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	23.00%	4.13B	Apr 2011	XSP.TO vs XEI.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.67%	30.44B	Feb 2001	XSP.TO vs XIC.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	88	11.33%	22.98B	Sep 1999	XSP.TO vs XIU.TO
XQQ.TO	iShares NASDAQ 100 Index ETF (CAD-Hedged)	Nasdaq-100	43	14.22%	5.60B	May 2011	XSP.TO vs XQQ.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	55	12.11%	22.44B	Apr 2013	XSP.TO vs XEF.TO
XGRO.TO	iShares Core Growth ETF Portfolio	Diversified Portfolio	71	10.58%	4.97B	Jun 2007	XSP.TO vs XGRO.TO
XAW.TO	iShares Core MSCI All Country World ex Canada Inde...	Global Equities	78	14.12%	4.47B	Feb 2015	XSP.TO vs XAW.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	63	8.27%	3.32B	Jun 2007	XSP.TO vs XBAL.TO

Often Compared With XSP.TO

Investors most often compare XSP.TO with VFVA, VOO, VEQT.TO. These 20 comparison targets span 16 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	62	11.01%	825.90M	Feb 2018	XSP.TO vs VFVA
VOO	Vanguard S&P 500 ETF	S&P 500	60	8.08%	1.70T	Sep 2010	XSP.TO vs VOO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	83	13.03%	14.70B	Jan 2019	XSP.TO vs VEQT.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	59	15.95%	493.17B	Mar 1999	XSP.TO vs QQQ
XSU.TO	iShares U.S. Small Cap Index ETF (CAD-Hedged)	Small Cap Blend Equities	64	19.52%	752.51M	May 2007	XSP.TO vs XSU.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	Energy Equities, Canada Equities	60	26.17%	2.38B	Mar 2001	XSP.TO vs XEG.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	14.23%	3.24B	Jan 2010	XSP.TO vs ZQQ.TO
XMC.TO	iShares S&P U.S. Mid-Cap Index ETF	Mid Cap Blend Equities	68	19.29%	852.07M	Aug 2015	XSP.TO vs XMC.TO
VOOG	Vanguard S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	43	8.28%	26.50B	Sep 2010	XSP.TO vs VOOG
FCUV.TO	Fidelity U.S. Value ETF	Large Cap Value Equities	84	15.93%	3.49B	Jun 2020	XSP.TO vs FCUV.TO
IMO.TO	Imperial Oil Limited		85	36.66%	—	—	XSP.TO vs IMO.TO
TECK-B.TO	Teck Resources Limited		75	25.27%	—	—	XSP.TO vs TECK-B.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	60	7.88%	—	Nov 2012	XSP.TO vs ZSP-U.TO
XML.TO	iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)	Global Equities	41	4.30%	40.00M	Apr 2016	XSP.TO vs XML.TO
LSPD.TO	Lightspeed Commerce Inc.		28	-17.09%	—	—	XSP.TO vs LSPD.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	25.65%	4.65B	Jan 2011	XSP.TO vs ZWB.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.68%	7.12B	Nov 2010	XSP.TO vs HXS.TO
CADUSD=X	CAD/USD		12	-3.75%	—	—	XSP.TO vs CADUSD=X
ZHU.TO	BMO Equal Weight US Health Care Index ETF	Health & Biotech Equities, Equal Weight	27	0.95%	9.88M	—	XSP.TO vs ZHU.TO
XTOT.TO	iShares Core S&P Total U.S. Stock Market Index ETF	Large Cap Blend Equities	65	12.57%	—	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