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AMZN vs. XSP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMZN vs. XSP.TO

Last updated Jun 13, 2026

AMZN (Amazon.com, Inc) is a stock, while XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AMZN returned 20.83%/yr vs 12.43%/yr for XSP.TO. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

AMZN vs. XSP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amazon.com, Inc (AMZN) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AMZN is traded in USD, while XSP.TO is traded in CAD. To make them comparable, the XSP.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AMZN achieves a 3.35% return, which is significantly lower than XSP.TO's 5.60% return. Over the past 10 years, AMZN has outperformed XSP.TO with an annualized return of 20.83%, while XSP.TO has yielded a comparatively lower 12.43% annualized return.

AMZN

1D
-1.23%
1M
-9.69%
YTD
3.35%
6M
5.46%
1Y
12.47%
3Y*
23.49%
5Y*
7.35%
10Y*
20.83%

XSP.TO

1D
0.31%
1M
-2.90%
YTD
5.60%
6M
6.46%
1Y
19.70%
3Y*
17.06%
5Y*
7.90%
10Y*
12.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZN vs. XSP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AMZN
Amazon.com, Inc		3.35%5.21%44.39%80.88%-49.62%2.38%76.26%23.03%28.43%55.96%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		5.60%21.22%13.76%27.36%-24.13%24.33%17.96%34.93%-13.52%29.45%

Correlation

The correlation between AMZN and XSP.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.61

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.52

The correlation between AMZN and XSP.TO has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.

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Amazon.com, Inc

iShares Core S&P 500 Index ETF (CAD-Hedged)

Often compared with AMZN:
AMZN vs. MSFTAMZN vs. NVDAAMZN vs. GOOGAMZN vs. AAPLAMZN vs. SPYAMZN vs. TSLAAMZN vs. META
Often compared with XSP.TO:
XSP.TO vs. XUS.TOXSP.TO vs. XEQT.TOXSP.TO vs. ZSP.TOXSP.TO vs. VSP.TOXSP.TO vs. XIU.TOXSP.TO vs. XQQ.TOXSP.TO vs. VFVA

Return for Risk

AMZN vs. XSP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMZN
AMZN Risk / Return Rank: 5454
Overall Rank
AMZN Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
AMZN Sortino Ratio Rank: 5151
Sortino Ratio Rank
AMZN Omega Ratio Rank: 4949
Omega Ratio Rank
AMZN Calmar Ratio Rank: 5555
Calmar Ratio Rank
AMZN Martin Ratio Rank: 5757
Martin Ratio Rank
XSP.TO
XSP.TO Risk / Return Rank: 6060
Overall Rank
XSP.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
XSP.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
XSP.TO Omega Ratio Rank: 6060
Omega Ratio Rank
XSP.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
XSP.TO Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZN vs. XSP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amazon.com, Inc (AMZN) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

AMZNXSP.TODifference
Sharpe ratioReturn per unit of total volatility
0.40
1.42

-1.03

Sortino ratioReturn per unit of downside risk
0.76
1.98

-1.21

Omega ratioGain probability vs. loss probability

1.09

1.25

-0.16

Calmar ratioReturn relative to maximum drawdown

0.55

1.63

-1.08

Martin ratioReturn relative to average drawdown

1.29

6.95

-5.66

AMZN vs. XSP.TO - Sharpe Ratio Comparison

The current AMZN Sharpe Ratio is 0.40, which is lower than the XSP.TO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of AMZN and XSP.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AMZN vs. XSP.TO - Drawdown Comparison

The maximum AMZN drawdown since its inception was -94.40%, which is greater than XSP.TO's maximum drawdown of -69.22%. Use the drawdown chart below to compare losses from any high point for AMZN and XSP.TO.

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Drawdown Indicators

AMZNXSP.TODifference

Max Drawdown

Largest peak-to-trough decline

-94.40%

-69.22%

-25.18%

Max Drawdown (1Y)

Largest decline over 1 year

-21.74%

-11.63%

-10.11%

Max Drawdown (3Y)

Largest decline over 3 years

-30.88%

-19.45%

-11.43%

Max Drawdown (5Y)

Largest decline over 5 years

-56.15%

-33.34%

-22.81%

Max Drawdown (10Y)

Largest decline over 10 years

-56.15%

-41.38%

-14.77%

Current Drawdown

Current decline from peak

-13.25%

-3.55%

-9.70%

Average Drawdown

Average peak-to-trough decline

-28.19%

-13.14%

-15.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.21%

2.72%

+6.49%

Volatility

AMZN vs. XSP.TO - Volatility Comparison

Amazon.com, Inc (AMZN) has a higher volatility of 7.92% compared to iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) at 4.62%. This indicates that AMZN's price experiences larger fluctuations and is considered to be riskier than XSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AMZNXSP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.92%

4.62%

+3.30%

Volatility (6M)

Calculated over the trailing 6-month period

20.73%

10.33%

+10.40%

Volatility (1Y)

Calculated over the trailing 1-year period

30.13%

13.32%

+16.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.53%

18.01%

+17.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.48%

19.50%

+12.98%

Dividends

AMZN vs. XSP.TO - Dividend Comparison

AMZN has not paid dividends to shareholders, while XSP.TO's dividend yield for the trailing twelve months is around 1.14%.

PositionTTM20252024202320222021202020192018201720162015
AMZN
Amazon.com, Inc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		1.14%1.23%1.09%1.18%1.37%1.01%1.31%1.73%1.86%1.45%1.76%1.88%

Frequently Asked Questions

AMZN and XSP.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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