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

LSPD.TO vs. XSP.TO

Last updated Jun 4, 2026

LSPD.TO (Lightspeed Commerce Inc.) is a stock, while XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, LSPD.TO returned -31.68%/yr vs 12.18%/yr for XSP.TO. At a 0.49 correlation, their price movements are largely independent.

Performance

LSPD.TO vs. XSP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Lightspeed Commerce Inc. (LSPD.TO) 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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Returns By Period

In the year-to-date period, LSPD.TO achieves a -22.04% return, which is significantly lower than XSP.TO's 9.64% return.

LSPD.TO

1D
-3.51%
1M
-0.69%
YTD
-22.04%
6M
-18.45%
1Y
-14.67%
3Y*
-13.76%
5Y*
-31.68%
10Y*
—

XSP.TO

1D
-0.73%
1M
4.98%
YTD
9.64%
6M
9.50%
1Y
25.13%
3Y*
20.28%
5Y*
12.18%
10Y*
13.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LSPD.TO vs. XSP.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
LSPD.TO
Lightspeed Commerce Inc.		-22.04%-24.45%-21.21%43.77%-62.12%-43.14%149.07%90.85%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		9.64%15.68%23.39%24.33%-19.32%27.85%15.17%18.28%

Correlation

The correlation between LSPD.TO and XSP.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

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

0.49

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

0.55

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2019

0.49

The correlation between LSPD.TO and XSP.TO has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

Lightspeed Commerce Inc.

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

Often compared with LSPD.TO:
LSPD.TO vs. SHOP.TOLSPD.TO vs. SHOPLSPD.TO vs. ^TNXLSPD.TO vs. SPYGLSPD.TO vs. FTNTLSPD.TO vs. FTSLSPD.TO vs. TD
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

LSPD.TO vs. XSP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LSPD.TO
LSPD.TO Risk / Return Rank: 2626
Overall Rank
LSPD.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
LSPD.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
LSPD.TO Omega Ratio Rank: 2525
Omega Ratio Rank
LSPD.TO Calmar Ratio Rank: 2828
Calmar Ratio Rank
LSPD.TO Martin Ratio Rank: 2828
Martin Ratio Rank
XSP.TO
XSP.TO Risk / Return Rank: 6161
Overall Rank
XSP.TO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
XSP.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
XSP.TO Omega Ratio Rank: 6262
Omega Ratio Rank
XSP.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
XSP.TO Martin Ratio Rank: 6666
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.

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

This table presents a comparison of risk-adjusted performance metrics for Lightspeed Commerce Inc. (LSPD.TO) 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.

LSPD.TOXSP.TODifference
Sharpe ratioReturn per unit of total volatility
-0.35
2.15

-2.50

Sortino ratioReturn per unit of downside risk
-0.25
2.96

-3.21

Omega ratioGain probability vs. loss probability

0.97

1.39

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.38

2.68

-3.06

Martin ratioReturn relative to average drawdown

-0.67

12.40

-13.07

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

LSPD.TO vs. XSP.TO - Sharpe Ratio Comparison

The current LSPD.TO Sharpe Ratio is -0.35, which is lower than the XSP.TO Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of LSPD.TO 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

LSPD.TOXSP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.35

2.15

-2.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.54

0.73

-1.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.76

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.08

0.37

-0.44

Drawdowns

LSPD.TO vs. XSP.TO - Drawdown Comparison

The maximum LSPD.TO drawdown since its inception was -92.97%, which is greater than XSP.TO's maximum drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for LSPD.TO and XSP.TO.

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Drawdown Indicators

LSPD.TOXSP.TODifference

Max Drawdown

Largest peak-to-trough decline

-92.97%

-57.82%

-35.15%

Max Drawdown (1Y)

Largest decline over 1 year

-39.25%

-9.41%

-29.84%

Max Drawdown (3Y)

Largest decline over 3 years

-59.90%

-18.77%

-41.13%

Max Drawdown (5Y)

Largest decline over 5 years

-92.97%

-25.44%

-67.53%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.05%

—

Current Drawdown

Current decline from peak

-91.88%

-0.73%

-91.15%

Average Drawdown

Average peak-to-trough decline

-60.87%

-12.11%

-48.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.86%

2.03%

+19.83%

Volatility

LSPD.TO vs. XSP.TO - Volatility Comparison

Lightspeed Commerce Inc. (LSPD.TO) has a higher volatility of 14.91% compared to iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) at 3.25%. This indicates that LSPD.TO'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

LSPD.TOXSP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

14.91%

3.25%

+11.66%

Volatility (6M)

Calculated over the trailing 6-month period

28.25%

8.99%

+19.26%

Volatility (1Y)

Calculated over the trailing 1-year period

42.02%

11.75%

+30.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

59.38%

16.75%

+42.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

67.63%

18.19%

+49.44%

Dividends

LSPD.TO vs. XSP.TO - Dividend Comparison

LSPD.TO has not paid dividends to shareholders, while XSP.TO's dividend yield for the trailing twelve months is around 1.12%.

PositionTTM20252024202320222021202020192018201720162015
LSPD.TO
Lightspeed Commerce Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		1.12%1.23%1.09%1.18%1.37%1.00%1.31%1.73%1.84%1.47%1.75%1.86%

Frequently Asked Questions

LSPD.TO and XSP.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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