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IJR vs. XIU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJR vs. XIU.TO

Last updated Jun 13, 2026

IJR (iShares Core S&P Small-Cap ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, IJR returned 11.16%/yr vs 12.07%/yr for XIU.TO. A 0.59 correlation means they provide meaningful diversification when combined. IJR charges 0.06%/yr vs 0.18%/yr for XIU.TO.

Performance

IJR vs. XIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Small-Cap ETF (IJR) and iShares S&P/TSX 60 Index ETF (XIU.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IJR achieves a 19.73% return, which is significantly higher than XIU.TO's 9.02% return. Over the past 10 years, IJR has underperformed XIU.TO with an annualized return of 11.16%, while XIU.TO has yielded a comparatively higher 12.07% annualized return.

IJR

1D
0.97%
1M
6.20%
YTD
19.73%
6M
16.47%
1Y
34.35%
3Y*
14.75%
5Y*
6.25%
10Y*
11.16%

XIU.TO

1D
0.33%
1M
2.21%
YTD
9.02%
6M
10.35%
1Y
29.38%
3Y*
21.09%
5Y*
11.25%
10Y*
12.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJR vs. XIU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJR
iShares Core S&P Small-Cap ETF		19.73%5.89%8.63%16.06%-16.20%26.58%11.28%22.82%-8.51%13.15%
XIU.TO
iShares S&P/TSX 60 Index ETF		9.02%35.06%11.31%14.58%-11.93%28.12%7.83%27.04%-14.97%17.54%

Correlation

The correlation between IJR and XIU.TO is 0.61, 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

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

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

0.65

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

0.60

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.59

The correlation between IJR and XIU.TO has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

IJR vs. XIU.TO - Sectors Allocation Comparison

Sectors
IJR
XIU.TO

Financial Services

16.8%
39.4%

Industrials

15.5%
7.9%

Technology

15.5%
8.8%

Consumer Cyclical

13.4%
4.1%

Healthcare

11.1%

-

Real Estate

7.6%
0.2%

Energy

5.9%
18.6%

Basic Materials

5.1%
13.3%

Communication Services

3.6%
2.0%

Consumer Defensive

3.5%
3.2%

Utilities

2.0%
2.6%

Financial Services

IJR
16.8%
XIU.TO
39.4%

Industrials

IJR
15.5%
XIU.TO
7.9%

Technology

IJR
15.5%
XIU.TO
8.8%

Consumer Cyclical

IJR
13.4%
XIU.TO
4.1%

Healthcare

IJR
11.1%
XIU.TO

-

Real Estate

IJR
7.6%
XIU.TO
0.2%

Energy

IJR
5.9%
XIU.TO
18.6%

Basic Materials

IJR
5.1%
XIU.TO
13.3%

Communication Services

IJR
3.6%
XIU.TO
2.0%

Consumer Defensive

IJR
3.5%
XIU.TO
3.2%

Utilities

IJR
2.0%
XIU.TO
2.6%

Compare stocks, funds, or ETFs

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

iShares Core S&P Small-Cap ETF

iShares S&P/TSX 60 Index ETF

Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJSIJR vs. IJHIJR vs. SCHAIJR vs. VBR
Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO

Return for Risk

IJR vs. XIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJR
IJR Risk / Return Rank: 7474
Overall Rank
IJR Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 7272
Sortino Ratio Rank
IJR Omega Ratio Rank: 6464
Omega Ratio Rank
IJR Calmar Ratio Rank: 8484
Calmar Ratio Rank
IJR Martin Ratio Rank: 7979
Martin Ratio Rank
XIU.TO
XIU.TO Risk / Return Rank: 8989
Overall Rank
XIU.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9292
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.

IJR vs. XIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) and iShares S&P/TSX 60 Index ETF (XIU.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.

IJRXIU.TODifference
Sharpe ratioReturn per unit of total volatility
1.94
2.30

-0.36

Sortino ratioReturn per unit of downside risk
2.80
3.10

-0.30

Omega ratioGain probability vs. loss probability

1.33

1.41

-0.07

Calmar ratioReturn relative to maximum drawdown

3.97

3.64

+0.33

Martin ratioReturn relative to average drawdown

13.35

15.59

-2.23

IJR vs. XIU.TO - Sharpe Ratio Comparison

The current IJR Sharpe Ratio is 1.94, which is comparable to the XIU.TO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of IJR and XIU.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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Drawdowns

IJR vs. XIU.TO - Drawdown Comparison

The maximum IJR drawdown since its inception was -58.15%, roughly equal to the maximum XIU.TO drawdown of -59.23%. Use the drawdown chart below to compare losses from any high point for IJR and XIU.TO.

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Drawdown Indicators

IJRXIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-58.15%

-59.23%

+1.08%

Max Drawdown (1Y)

Largest decline over 1 year

-8.68%

-8.10%

-0.58%

Max Drawdown (3Y)

Largest decline over 3 years

-28.02%

-12.38%

-15.64%

Max Drawdown (5Y)

Largest decline over 5 years

-28.02%

-24.07%

-3.95%

Max Drawdown (10Y)

Largest decline over 10 years

-44.36%

-40.99%

-3.37%

Current Drawdown

Current decline from peak

0.00%

-0.86%

+0.86%

Average Drawdown

Average peak-to-trough decline

-9.27%

-10.95%

+1.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

1.89%

+0.70%

Volatility

IJR vs. XIU.TO - Volatility Comparison

iShares Core S&P Small-Cap ETF (IJR) has a higher volatility of 5.18% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 4.01%. This indicates that IJR's price experiences larger fluctuations and is considered to be riskier than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJRXIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.18%

4.01%

+1.17%

Volatility (6M)

Calculated over the trailing 6-month period

11.97%

10.05%

+1.92%

Volatility (1Y)

Calculated over the trailing 1-year period

17.76%

12.83%

+4.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.43%

14.47%

+6.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.92%

16.45%

+6.47%

IJR vs. XIU.TO - Expense Ratio Comparison

IJR has a 0.06% expense ratio, which is lower than XIU.TO's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJR vs. XIU.TO - Dividend Comparison

IJR's dividend yield for the trailing twelve months is around 1.11%, less than XIU.TO's 2.18% yield.

PositionTTM20252024202320222021202020192018201720162015
IJR
iShares Core S&P Small-Cap ETF		1.11%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.18%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

IJR and XIU.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IJR is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IJR is cheaper with a 0.06% expense ratio, compared with 0.18% for XIU.TO.

IJR is categorized as Small Cap Blend Equities, while XIU.TO is Canada Equities. IJR tracks S&P SmallCap 600 Index, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.06% for IJR and 0.18% for XIU.TO.

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