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

IDMO vs. XSP.TO

Last updated Jun 9, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while XSP.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IDMO returned 12.02%/yr vs 12.23%/yr for XSP.TO. At a 0.48 correlation, their price movements are largely independent. IDMO charges 0.25%/yr vs 0.09%/yr for XSP.TO.

Performance

IDMO vs. XSP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) 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

IDMO 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

The year-to-date returns for both investments are quite close, with IDMO having a 5.33% return and XSP.TO slightly higher at 5.53%. Both investments have delivered pretty close results over the past 10 years, with IDMO having a 12.02% annualized return and XSP.TO not far ahead at 12.23%.

IDMO

1D
0.67%
1M
-3.78%
YTD
5.33%
6M
8.93%
1Y
19.27%
3Y*
24.47%
5Y*
15.15%
10Y*
12.02%

XSP.TO

1D
-0.02%
1M
-1.85%
YTD
5.53%
6M
6.54%
1Y
19.65%
3Y*
17.64%
5Y*
8.06%
10Y*
12.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDMO vs. XSP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IDMO
Invesco S&P International Developed Momentum ETF		5.33%42.17%12.79%20.16%-12.03%14.31%22.01%26.09%-16.66%29.21%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		5.53%21.22%13.76%27.36%-24.13%24.33%17.96%34.93%-13.52%29.45%

Correlation

The correlation between IDMO and XSP.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

0.60

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

0.64

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

0.54

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2012

0.48

The correlation between IDMO and XSP.TO shifts across timeframes, from 0.48 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.

IDMO vs. XSP.TO - Sectors Allocation Comparison

Sectors
IDMO
XSP.TO

Financial Services

42.4%
11.9%

Industrials

22.6%
8.1%

Basic Materials

10.2%
1.8%

Utilities

8.4%
2.3%

Technology

5.3%
36.2%

Consumer Defensive

2.5%
4.9%

Communication Services

2.2%
10.9%

Real Estate

2.0%
1.9%

Energy

1.9%
3.5%

Consumer Cyclical

1.4%
10.1%

Healthcare

1.2%
8.4%

Financial Services

IDMO
42.4%
XSP.TO
11.9%

Industrials

IDMO
22.6%
XSP.TO
8.1%

Basic Materials

IDMO
10.2%
XSP.TO
1.8%

Utilities

IDMO
8.4%
XSP.TO
2.3%

Technology

IDMO
5.3%
XSP.TO
36.2%

Consumer Defensive

IDMO
2.5%
XSP.TO
4.9%

Communication Services

IDMO
2.2%
XSP.TO
10.9%

Real Estate

IDMO
2.0%
XSP.TO
1.9%

Energy

IDMO
1.9%
XSP.TO
3.5%

Consumer Cyclical

IDMO
1.4%
XSP.TO
10.1%

Healthcare

IDMO
1.2%
XSP.TO
8.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P International Developed Momentum ETF

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

Often compared with IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. EFGIDMO vs. AVDSIDMO vs. AVDV
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. VFVAXSP.TO vs. XQQ.TO

Return for Risk

IDMO vs. XSP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDMO
IDMO Risk / Return Rank: 3636
Overall Rank
IDMO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 3434
Sortino Ratio Rank
IDMO Omega Ratio Rank: 3535
Omega Ratio Rank
IDMO Calmar Ratio Rank: 3535
Calmar Ratio Rank
IDMO Martin Ratio Rank: 4343
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: 5353
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.

IDMOXSP.TODifference
Sharpe ratioReturn per unit of total volatility
1.12
1.50

-0.38

Sortino ratioReturn per unit of downside risk
1.67
2.08

-0.40

Omega ratioGain probability vs. loss probability

1.21

1.27

-0.06

Calmar ratioReturn relative to maximum drawdown

1.57

1.70

-0.13

Martin ratioReturn relative to average drawdown

6.49

7.39

-0.90

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDMO vs. XSP.TO - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.12, which is comparable to the XSP.TO Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of IDMO 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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Sharpe Ratios by Period

IDMOXSP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.12

1.50

-0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.45

+0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.63

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.36

+0.08

Drawdowns

IDMO vs. XSP.TO - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum XSP.TO drawdown of -69.22%. Use the drawdown chart below to compare losses from any high point for IDMO and XSP.TO.

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Drawdown Indicators

IDMOXSP.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.38%

-69.22%

+29.84%

Max Drawdown (1Y)

Largest decline over 1 year

-12.31%

-11.63%

-0.68%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-19.45%

+6.80%

Max Drawdown (5Y)

Largest decline over 5 years

-27.07%

-33.34%

+6.27%

Max Drawdown (10Y)

Largest decline over 10 years

-31.34%

-41.38%

+10.04%

Current Drawdown

Current decline from peak

-4.49%

-3.61%

-0.88%

Average Drawdown

Average peak-to-trough decline

-9.75%

-13.15%

+3.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

2.67%

+0.32%

Volatility

IDMO vs. XSP.TO - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 6.18% compared to iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) at 4.04%. This indicates that IDMO'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

IDMOXSP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.18%

4.04%

+2.14%

Volatility (6M)

Calculated over the trailing 6-month period

15.28%

10.09%

+5.19%

Volatility (1Y)

Calculated over the trailing 1-year period

17.25%

13.14%

+4.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.90%

17.98%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.14%

19.50%

-1.36%

IDMO vs. XSP.TO - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is higher than XSP.TO's 0.09% 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

IDMO vs. XSP.TO - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.61%, more than XSP.TO's 1.14% yield.

PositionTTM20252024202320222021202020192018201720162015
IDMO
Invesco S&P International Developed Momentum ETF		3.61%3.71%2.24%2.89%3.66%1.81%1.63%2.78%3.27%3.08%2.18%2.52%
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

IDMO and XSP.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.

On fees, XSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSP.TO is cheaper with a 0.09% expense ratio, compared with 0.25% for IDMO.

IDMO is categorized as Momentum, while XSP.TO is S&P 500. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while XSP.TO tracks S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for IDMO and 0.09% for XSP.TO.

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