COW.TO vs. XUU.TO
COW.TO (iShares Global Agriculture Index ETF) and XUU.TO (iShares Core S&P U.S. Total Market Index ETF) are both Large Cap Blend Equities funds from iShares - COW.TO tracks the Manulife Investment Management Global Agriculture Index while XUU.TO tracks the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, COW.TO returned 8.59%/yr vs 15.46%/yr for XUU.TO. At a 0.50 correlation, their price movements are largely independent. COW.TO charges 0.72%/yr vs 0.07%/yr for XUU.TO.
Performance
COW.TO vs. XUU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, COW.TO achieves a 15.84% return, which is significantly higher than XUU.TO's 12.48% return. Over the past 10 years, COW.TO has underperformed XUU.TO with an annualized return of 8.59%, while XUU.TO has yielded a comparatively higher 15.46% annualized return.
COW.TO
- 1D
- 0.40%
- 1M
- -2.01%
- YTD
- 15.84%
- 6M
- 13.53%
- 1Y
- 9.79%
- 3Y*
- 8.62%
- 5Y*
- 4.24%
- 10Y*
- 8.59%
XUU.TO
- 1D
- -0.29%
- 1M
- 7.40%
- YTD
- 12.48%
- 6M
- 10.56%
- 1Y
- 29.05%
- 3Y*
- 23.13%
- 5Y*
- 15.81%
- 10Y*
- 15.46%
COW.TO vs. XUU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COW.TO iShares Global Agriculture Index ETF | 15.84% | -0.67% | 5.62% | -8.61% | 12.64% | 19.02% | 11.66% | 25.91% | -14.26% | 14.84% |
XUU.TO iShares Core S&P U.S. Total Market Index ETF | 12.48% | 11.25% | 34.07% | 23.11% | -13.53% | 25.93% | 16.25% | 23.77% | 2.42% | 12.79% |
Correlation
The correlation between COW.TO and XUU.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.50 |
Over the past year, the correlation between COW.TO and XUU.TO has dropped to 0.21 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
COW.TO vs. XUU.TO - Sectors Allocation Comparison
Sectors
COW.TO
XUU.TO
Consumer Defensive
Industrials
Basic Materials
Consumer Cyclical
Financial Services
Communication Services
-
Energy
-
Healthcare
-
Real Estate
-
Technology
-
Utilities
-
Consumer Defensive
COW.TO
XUU.TO
Industrials
COW.TO
XUU.TO
Basic Materials
COW.TO
XUU.TO
Consumer Cyclical
COW.TO
XUU.TO
Financial Services
COW.TO
XUU.TO
Communication Services
COW.TO
-
XUU.TO
Energy
COW.TO
-
XUU.TO
Healthcare
COW.TO
-
XUU.TO
Real Estate
COW.TO
-
XUU.TO
Technology
COW.TO
-
XUU.TO
Utilities
COW.TO
-
XUU.TO
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Return for Risk
COW.TO vs. XUU.TO — Risk / Return Rank
COW.TO
XUU.TO
COW.TO vs. XUU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Agriculture Index ETF (COW.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU.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.
| COW.TO | XUU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.45 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 3.32 | -2.38 |
| Martin ratioReturn relative to average drawdown | 1.94 | 12.64 | -10.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COW.TO | XUU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 2.42 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 1.03 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.94 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.86 | -0.50 |
Drawdowns
COW.TO vs. XUU.TO - Drawdown Comparison
The maximum COW.TO drawdown since its inception was -55.00%, which is greater than XUU.TO's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for COW.TO and XUU.TO.
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Drawdown Indicators
| COW.TO | XUU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.00% | -28.22% | -26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -8.80% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.51% | -19.70% | +5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.82% | -23.41% | -6.41% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -28.22% | -8.40% |
Current DrawdownCurrent decline from peak | -7.17% | -0.29% | -6.88% |
Average DrawdownAverage peak-to-trough decline | -13.94% | -4.09% | -9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 2.30% | +2.76% |
Volatility
COW.TO vs. XUU.TO - Volatility Comparison
iShares Global Agriculture Index ETF (COW.TO) has a higher volatility of 3.85% compared to iShares Core S&P U.S. Total Market Index ETF (XUU.TO) at 3.29%. This indicates that COW.TO's price experiences larger fluctuations and is considered to be riskier than XUU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COW.TO | XUU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 3.29% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 9.08% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | 12.06% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 15.45% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 16.59% | +2.71% |
COW.TO vs. XUU.TO - Expense Ratio Comparison
COW.TO has a 0.72% expense ratio, which is higher than XUU.TO's 0.07% expense ratio.
Dividends
COW.TO vs. XUU.TO - Dividend Comparison
COW.TO's dividend yield for the trailing twelve months is around 2.07%, more than XUU.TO's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COW.TO iShares Global Agriculture Index ETF | 2.07% | 2.40% | 1.43% | 1.62% | 2.03% | 0.69% | 1.02% | 1.02% | 1.07% | 0.58% | 1.10% | 1.78% |
XUU.TO iShares Core S&P U.S. Total Market Index ETF | 1.01% | 1.16% | 1.02% | 1.22% | 1.38% | 1.01% | 1.33% | 1.68% | 1.73% | 1.49% | 1.65% | 1.52% |
Frequently Asked Questions
COW.TO and XUU.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUU.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUU.TO is cheaper with a 0.07% expense ratio, compared with 0.72% for COW.TO.
COW.TO tracks Manulife Investment Management Global Agriculture Index, while XUU.TO tracks Morningstar US Market TR CAD. Their fees differ too: 0.72% for COW.TO and 0.07% for XUU.TO.
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