CYH.TO vs. ^GSPC
CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) is Global Equities fund tracking the Morningstar Gbl GR CAD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CYH.TO returned 7.48%/yr vs 14.61%/yr for ^GSPC. At a 0.50 correlation, their price movements are largely independent.
Performance
CYH.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
CYH.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CYH.TO achieves a 9.48% return, which is significantly lower than ^GSPC's 13.67% return. Over the past 10 years, CYH.TO has underperformed ^GSPC with an annualized return of 7.48%, while ^GSPC has yielded a comparatively higher 14.61% annualized return.
CYH.TO
- 1D
- -0.83%
- 1M
- -1.00%
- YTD
- 9.48%
- 6M
- 9.34%
- 1Y
- 20.17%
- 3Y*
- 16.07%
- 5Y*
- 9.06%
- 10Y*
- 7.48%
^GSPC
- 1D
- 0.93%
- 1M
- 1.99%
- YTD
- 13.67%
- 6M
- 12.89%
- 1Y
- 25.52%
- 3Y*
- 21.80%
- 5Y*
- 14.76%
- 10Y*
- 14.61%
CYH.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 9.48% | 18.78% | 12.28% | 3.85% | -2.46% | 23.39% | -8.70% | 9.23% | -6.21% | 13.17% |
^GSPC S&P 500 Index | 13.67% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
Correlation
The correlation between CYH.TO and ^GSPC is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2008 | 0.50 |
Over the past year, the correlation between CYH.TO and ^GSPC has dropped to 0.26 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
CYH.TO vs. ^GSPC — Risk / Return Rank
CYH.TO
^GSPC
CYH.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) and S&P 500 Index (^GSPC). 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.
| CYH.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.79 | +1.03 |
| Martin ratioReturn relative to average drawdown | 13.95 | 10.35 | +3.60 |
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Drawdowns
CYH.TO vs. ^GSPC - Drawdown Comparison
The maximum CYH.TO drawdown since its inception was -61.50%, which is greater than ^GSPC's maximum drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for CYH.TO and ^GSPC.
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Drawdown Indicators
| CYH.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.50% | -48.87% | -12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -9.17% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.12% | -19.59% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -23.14% | +5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -44.90% | -27.97% | -16.93% |
Current DrawdownCurrent decline from peak | -2.32% | 0.00% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -9.64% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.47% | -1.01% |
Volatility
CYH.TO vs. ^GSPC - Volatility Comparison
The current volatility for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) is 2.90%, while S&P 500 Index (^GSPC) has a volatility of 5.26%. This indicates that CYH.TO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYH.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 5.26% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 10.39% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.04% | 12.93% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 17.97% | -4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 19.15% | -2.03% |
Frequently Asked Questions
CYH.TO and ^GSPC have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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