CPD.TO vs. XUS.TO
CPD.TO (iShares S&P/TSX Canadian Preferred Share Index ETF) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - CPD.TO is a Preferred Stock/Convertible Bonds fund tracking the S&P/TSX Preferred Share TR, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CPD.TO returned 6.38%/yr vs 15.98%/yr for XUS.TO. At a 0.22 correlation, their price movements are largely independent. CPD.TO charges 0.50%/yr vs 0.09%/yr for XUS.TO.
Performance
CPD.TO vs. XUS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CPD.TO achieves a 3.57% return, which is significantly lower than XUS.TO's 12.21% return. Over the past 10 years, CPD.TO has underperformed XUS.TO with an annualized return of 6.38%, while XUS.TO has yielded a comparatively higher 15.98% annualized return.
CPD.TO
- 1D
- -0.07%
- 1M
- 0.79%
- YTD
- 3.57%
- 6M
- 4.38%
- 1Y
- 14.16%
- 3Y*
- 15.84%
- 5Y*
- 5.55%
- 10Y*
- 6.38%
XUS.TO
- 1D
- -0.31%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.39%
- 1Y
- 29.30%
- 3Y*
- 23.52%
- 5Y*
- 16.78%
- 10Y*
- 15.98%
CPD.TO vs. XUS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPD.TO iShares S&P/TSX Canadian Preferred Share Index ETF | 3.57% | 16.10% | 23.31% | 6.23% | -19.19% | 18.85% | 5.35% | 3.35% | -9.05% | 13.44% |
XUS.TO iShares Core S&P 500 Index ETF | 12.21% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | 3.31% | 13.56% |
Correlation
The correlation between CPD.TO and XUS.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | 0.22 |
CPD.TO vs. XUS.TO - Sectors Allocation Comparison
Sectors
CPD.TO
XUS.TO
Financial Services
Consumer Defensive
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Energy
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
CPD.TO
XUS.TO
Consumer Defensive
CPD.TO
XUS.TO
Basic Materials
CPD.TO
-
XUS.TO
Communication Services
CPD.TO
-
XUS.TO
Consumer Cyclical
CPD.TO
-
XUS.TO
Energy
CPD.TO
-
XUS.TO
Healthcare
CPD.TO
-
XUS.TO
Industrials
CPD.TO
-
XUS.TO
Real Estate
CPD.TO
-
XUS.TO
Technology
CPD.TO
-
XUS.TO
Utilities
CPD.TO
-
XUS.TO
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Return for Risk
CPD.TO vs. XUS.TO — Risk / Return Rank
CPD.TO
XUS.TO
CPD.TO vs. XUS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) and iShares Core S&P 500 Index ETF (XUS.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.
| CPD.TO | XUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.47 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 3.41 | +1.86 |
| Martin ratioReturn relative to average drawdown | 26.40 | 12.94 | +13.46 |
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
| CPD.TO | XUS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.45 | 2.55 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.13 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.98 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.08 | -0.76 |
Drawdowns
CPD.TO vs. XUS.TO - Drawdown Comparison
The maximum CPD.TO drawdown since its inception was -40.92%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for CPD.TO and XUS.TO.
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Drawdown Indicators
| CPD.TO | XUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.92% | -27.23% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -8.63% | +5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -7.65% | -18.96% | +11.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | -21.85% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -40.92% | -27.23% | -13.69% |
Current DrawdownCurrent decline from peak | -0.36% | -0.31% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -3.46% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.27% | -1.73% |
Volatility
CPD.TO vs. XUS.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) is 0.87%, while iShares Core S&P 500 Index ETF (XUS.TO) has a volatility of 3.19%. This indicates that CPD.TO experiences smaller price fluctuations and is considered to be less risky than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPD.TO | XUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 3.19% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 8.66% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 11.58% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 14.92% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.62% | 16.48% | -5.86% |
CPD.TO vs. XUS.TO - Expense Ratio Comparison
CPD.TO has a 0.50% expense ratio, which is higher than XUS.TO's 0.09% expense ratio.
Dividends
CPD.TO vs. XUS.TO - Dividend Comparison
CPD.TO's dividend yield for the trailing twelve months is around 5.02%, more than XUS.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPD.TO iShares S&P/TSX Canadian Preferred Share Index ETF | 5.02% | 4.96% | 5.11% | 5.88% | 5.53% | 4.17% | 4.96% | 5.02% | 4.74% | 4.33% | 4.85% | 5.44% |
XUS.TO iShares Core S&P 500 Index ETF | 1.12% | 1.26% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% |
Frequently Asked Questions
CPD.TO and XUS.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.50% for CPD.TO.
CPD.TO is categorized as Preferred Stock/Convertible Bonds, while XUS.TO is S&P 500. CPD.TO tracks S&P/TSX Preferred Share TR, while XUS.TO tracks S&P 500 Index. Their fees differ too: 0.50% for CPD.TO and 0.09% for XUS.TO.
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