ESGY.TO vs. XUU-U.TO

Last updated Jul 25, 2026

ESGY.TO (BMO MSCI USA Selection Equity Index ETF) and XUU-U.TO (iShares Core S&P U.S. Total Market Index ETF) are both Large Cap Blend Equities funds - ESGY.TO tracks the MSCI USA Selection Index while XUU-U.TO tracks the S&P Total Market Index. Both are passively managed. Over the past 5 years, ESGY.TO returned 14.45%/yr vs 14.74%/yr for XUU-U.TO. At a 0.36 correlation, their price movements are largely independent. ESGY.TO charges 0.23%/yr vs 0.08%/yr for XUU-U.TO.

Performance

ESGY.TO vs. XUU-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI USA Selection Equity Index ETF (ESGY.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ESGY.TO achieves a 9.51% return, which is significantly lower than XUU-U.TO's 12.31% return.

ESGY.TO

• 1D: 0.19%
• 1M: -0.88%
• 6M: 7.44%
• YTD: 9.51%
• 1Y: 20.46%
• 3Y*: 21.11%
• 5Y*: 14.45%
• 10Y*: —
• ALL TIME*: 15.76%

XUU-U.TO

• 1D: 0.17%
• 1M: -0.22%
• 6M: 10.18%
• YTD: 12.31%
• 1Y: 21.54%
• 3Y*: 21.15%
• 5Y*: 14.74%
• 10Y*: —
• ALL TIME*: 16.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESGY.TO BMO MSCI USA Selection Equity Index ETF	CA$61.83K	CA$62.00K	CA$52.95K
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	CA$247.16K	CA$315.04K	CA$275.08K

ESGY.TO vs. XUU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESGY.TO BMO MSCI USA Selection Equity Index ETF	9.51%	13.67%	33.83%	26.54%	-15.46%	30.67%	11.27%
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	12.31%	11.40%	33.28%	23.90%	-15.09%	28.35%	16.32%

Correlation

The correlation between ESGY.TO and XUU-U.TO is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020	0.36

Over the past year, ESGY.TO and XUU-U.TO have become more correlated (0.62) than their long-term average of 0.36, meaning their price movements have been converging.

Return for Risk

ESGY.TO vs. XUU-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESGY.TO

ESGY.TO Risk / Return Rank: 65
ESGY.TO Sharpe Ratio Rank: 70
ESGY.TO Sortino Ratio Rank: 72
ESGY.TO Omega Ratio Rank: 70
ESGY.TO Calmar Ratio Rank: 54
ESGY.TO Martin Ratio Rank: 58

XUU-U.TO

XUU-U.TO Risk / Return Rank: 62
XUU-U.TO Sharpe Ratio Rank: 59
XUU-U.TO Sortino Ratio Rank: 56
XUU-U.TO Omega Ratio Rank: 67
XUU-U.TO Calmar Ratio Rank: 56
XUU-U.TO Martin Ratio Rank: 70

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.

ESGY.TO vs. XUU-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Selection Equity Index ETF (ESGY.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU-U.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.

	ESGY.TO	XUU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.65	-0.04
Sortino ratio: Return per unit of downside risk	2.35	2.34	+0.01
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	1.93	2.40	-0.47
Martin ratio: Return relative to average drawdown	6.94	8.98	-2.04

ESGY.TO vs. XUU-U.TO - Sharpe Ratio Comparison

The current ESGY.TO Sharpe Ratio is 1.61, which is comparable to the XUU-U.TO Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ESGY.TO and XUU-U.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.

Drawdowns

ESGY.TO vs. XUU-U.TO - Drawdown Comparison

The maximum ESGY.TO drawdown since its inception was -26.36%, which is greater than XUU-U.TO's maximum drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for ESGY.TO and XUU-U.TO.

Drawdown Indicators

	ESGY.TO	XUU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.36%	-24.00%	-2.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-9.04%	-1.58%
Max Drawdown (3Y) Largest decline over 3 years	-20.83%	-20.43%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	-22.44%	-0.45%
Current Drawdown Current decline from peak	-3.59%	-2.68%	-0.91%
Average Drawdown Average peak-to-trough decline	-5.23%	-4.79%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.41%	+0.55%

Volatility

ESGY.TO vs. XUU-U.TO - Volatility Comparison

BMO MSCI USA Selection Equity Index ETF (ESGY.TO) has a higher volatility of 3.27% compared to iShares Core S&P U.S. Total Market Index ETF (XUU-U.TO) at 3.01%. This indicates that ESGY.TO's price experiences larger fluctuations and is considered to be riskier than XUU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGY.TO	XUU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.01%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	10.49%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	13.16%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	17.28%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	18.01%	-1.20%

ESGY.TO vs. XUU-U.TO - Expense Ratio Comparison

ESGY.TO has a 0.23% expense ratio, which is higher than XUU-U.TO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ESGY.TO vs. XUU-U.TO - Dividend Comparison

ESGY.TO's dividend yield for the trailing twelve months is around 0.63%, less than XUU-U.TO's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ESGY.TO BMO MSCI USA Selection Equity Index ETF	0.63%	0.66%	0.79%	1.16%	1.34%	1.12%	1.44%
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	1.06%	1.15%	1.05%	1.14%	1.32%	0.97%	1.21%

Frequently Asked Questions

Can I hold both ESGY.TO and XUU-U.TO in my portfolio?

ESGY.TO and XUU-U.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESGY.TO or XUU-U.TO?

On fees, XUU-U.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGY.TO or XUU-U.TO?

XUU-U.TO is cheaper with a 0.08% expense ratio, compared with 0.23% for ESGY.TO.

What is the main difference between ESGY.TO and XUU-U.TO?

ESGY.TO tracks MSCI USA Selection Index, while XUU-U.TO tracks S&P Total Market Index. They also come from different issuers: BMO and iShares. Their fees differ too: 0.23% for ESGY.TO and 0.08% for XUU-U.TO.