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. No ETFs in the S&P 500 category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZUE.TO	BMO S&P 500 (CAD Hedged)	0.09%	4.83B	May 2009	XSP.TO vs ZUE.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	13.11B	Apr 2013	XSP.TO vs XUS.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	—	Oct 2019	XSP.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.11B	Nov 2012	XSP.TO vs VSP.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.35B	Nov 2012	XSP.TO vs ZSP.TO

Best Risk-Adjusted Alternatives to XSP.TO

XSP.TO has a PortfoliosLab risk / return rank of 59. There are 14 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 88.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	88	11.27M	May 2024	XSP.TO vs USSL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	87	169.56M	Nov 2025	XSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	85	563.51M	Sep 2011	XSP.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	83	250.73M	Jul 2023	XSP.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	79	—	Jul 2024	XSP.TO vs XUSC.TO

Top Performing XSP.TO Alternatives (YTD)

XSP.TO is at 9.73% YTD. There are 13 ETFs in the S&P 500 category with higher YTD returns, going as high as 15.64%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	15.64%	11.27M	May 2024	XSP.TO vs USSL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	14.27%	3.02B	May 2018	XSP.TO vs EQL.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	14.21%	250.73M	Jul 2023	XSP.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	13.99%	—	Jul 2024	XSP.TO vs XUSC.TO
XUS.TO	iShares Core S&P 500 Index ETF	13.69%	13.11B	Apr 2013	XSP.TO vs XUS.TO

Lowest Volatility Alternatives to XSP.TO

XSP.TO has 12.44% 1-year volatility. There are 9 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.21%	169.56M	Nov 2025	XSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	10.04%	563.51M	Sep 2011	XSP.TO vs USCC.TO
USCC-U.TO	Global X S&P 500 Covered Call ETF	10.24%	—	Sep 2011	XSP.TO vs USCC-U.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.07%	34.09B	Nov 2012	XSP.TO vs VFV.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.09%	—	Jul 2024	XSP.TO vs XUSC.TO

Lowest Drawdown Alternatives to XSP.TO

XSP.TO has a 1-year max drawdown of -9.41%. There are 13 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%	169.56M	Nov 2025	XSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	563.51M	Sep 2011	XSP.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	3.02B	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
USCC-U.TO	Global X S&P 500 Covered Call ETF	-7.72%	—	Sep 2011	XSP.TO vs USCC-U.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 $31B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	87	14.16%	20.34B	Aug 2019	XSP.TO vs XEQT.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	26.60%	5.78B	Jun 2017	XSP.TO vs XDIV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	27.27%	4.25B	Apr 2011	XSP.TO vs XEI.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.97%	31.16B	Feb 2001	XSP.TO vs XIC.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	93	13.97%	23.77B	Sep 1999	XSP.TO vs XIU.TO
XQQ.TO	iShares NASDAQ 100 Index ETF (CAD-Hedged)	Nasdaq-100	42	15.40%	5.51B	May 2011	XSP.TO vs XQQ.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	65	13.03%	22.53B	Apr 2013	XSP.TO vs XEF.TO
XGRO.TO	iShares Core Growth ETF Portfolio	Diversified Portfolio	78	11.53%	5.03B	Jun 2007	XSP.TO vs XGRO.TO
XAW.TO	iShares Core MSCI All Country World ex Canada Inde...	Global Equities	81	14.82%	4.49B	Feb 2015	XSP.TO vs XAW.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	71	8.75%	3.36B	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	81	16.19%	825.90M	Feb 2018	XSP.TO vs VFVA
VOO	Vanguard S&P 500 ETF	S&P 500	70	11.30%	1.70T	Sep 2010	XSP.TO vs VOO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	88	14.15%	15.67B	Jan 2019	XSP.TO vs VEQT.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	59	17.11%	481.14B	Mar 1999	XSP.TO vs QQQ
XSU.TO	iShares U.S. Small Cap Index ETF (CAD-Hedged)	Small Cap Blend Equities	66	19.18%	774.09M	May 2007	XSP.TO vs XSU.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	Energy Equities, Canada Equities	78	35.02%	2.38B	Mar 2001	XSP.TO vs XEG.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	15.43%	3.09B	Jan 2010	XSP.TO vs ZQQ.TO
XMC.TO	iShares S&P U.S. Mid-Cap Index ETF	Mid Cap Blend Equities	65	17.56%	859.77M	Aug 2015	XSP.TO vs XMC.TO
VOOG	Vanguard S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	50	12.74%	26.50B	Sep 2010	XSP.TO vs VOOG
FCUV.TO	Fidelity U.S. Value ETF	Large Cap Value Equities	90	17.80%	3.82B	Jun 2020	XSP.TO vs FCUV.TO
IMO.TO	Imperial Oil Limited		87	44.01%	—	—	XSP.TO vs IMO.TO
TECK-B.TO	Teck Resources Limited		80	24.11%	—	—	XSP.TO vs TECK-B.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	67	11.05%	—	Nov 2012	XSP.TO vs ZSP-U.TO
XML.TO	iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)	Global Equities	60	7.35%	40.51M	Apr 2016	XSP.TO vs XML.TO
LSPD.TO	Lightspeed Commerce Inc.		33	-12.86%	—	—	XSP.TO vs LSPD.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	75	13.39%	7.49B	Nov 2010	XSP.TO vs HXS.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	98	31.96%	4.84B	Jan 2011	XSP.TO vs ZWB.TO
CADUSD=X	CAD/USD		24	-2.47%	—	—	XSP.TO vs CADUSD=X
XUU.TO	iShares Core S&P U.S. Total Market Index ETF	Large Cap Blend Equities	76	14.12%	4.63B	Feb 2015	XSP.TO vs XUU.TO
ZHU.TO	BMO Equal Weight US Health Care Index ETF	Health & Biotech Equities, Equal Weight	40	7.61%	10.77M	—	XSP.TO vs ZHU.TO

Compare XSP.TO with Any Fund or Stock

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

Symbol name

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