MNS.TO vs. XUS.TO
MNS.TO (Royal Canadian Mint - Canadian Silver Reserves) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - MNS.TO is a Silver fund tracking the N/A (Physical Bullion), while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, MNS.TO returned 16.17%/yr vs 15.98%/yr for XUS.TO. At a correlation of -0.01, they often move in opposite directions. MNS.TO charges 0.45%/yr vs 0.09%/yr for XUS.TO.
Performance
MNS.TO vs. XUS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MNS.TO achieves a -8.40% return, which is significantly lower than XUS.TO's 12.21% return. Both investments have delivered pretty close results over the past 10 years, with MNS.TO having a 16.17% annualized return and XUS.TO not far behind at 15.98%.
MNS.TO
- 1D
- -2.02%
- 1M
- 1.76%
- YTD
- -8.40%
- 6M
- 21.27%
- 1Y
- 101.71%
- 3Y*
- 47.34%
- 5Y*
- 23.26%
- 10Y*
- 16.17%
XUS.TO
- 1D
- -0.31%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.39%
- 1Y
- 29.30%
- 3Y*
- 23.52%
- 5Y*
- 16.78%
- 10Y*
- 15.98%
MNS.TO vs. XUS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | -8.40% | 161.12% | 41.73% | -5.85% | 5.27% | -15.46% | 45.70% | 9.85% | -1.65% | -1.63% |
XUS.TO iShares Core S&P 500 Index ETF | 12.21% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | 3.31% | 13.56% |
Correlation
The correlation between MNS.TO and XUS.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | -0.01 |
The correlation between MNS.TO and XUS.TO shifts across timeframes, from -0.01 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MNS.TO vs. XUS.TO — Risk / Return Rank
MNS.TO
XUS.TO
MNS.TO vs. XUS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) and iShares Core S&P 500 Index ETF (XUS.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.
| MNS.TO | XUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.47 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.41 | -0.74 |
| Martin ratioReturn relative to average drawdown | 5.94 | 12.94 | -7.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MNS.TO | XUS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.55 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.13 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.98 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.08 | -0.80 |
Drawdowns
MNS.TO vs. XUS.TO - Drawdown Comparison
The maximum MNS.TO drawdown since its inception was -51.12%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for MNS.TO and XUS.TO.
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Drawdown Indicators
| MNS.TO | XUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.12% | -27.23% | -23.89% |
Max Drawdown (1Y)Largest decline over 1 year | -38.31% | -8.63% | -29.68% |
Max Drawdown (3Y)Largest decline over 3 years | -38.31% | -18.96% | -19.35% |
Max Drawdown (5Y)Largest decline over 5 years | -38.31% | -21.85% | -16.46% |
Max Drawdown (10Y)Largest decline over 10 years | -42.02% | -27.23% | -14.79% |
Current DrawdownCurrent decline from peak | -31.98% | -0.31% | -31.67% |
Average DrawdownAverage peak-to-trough decline | -28.15% | -3.46% | -24.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.19% | 2.27% | +14.92% |
Volatility
MNS.TO vs. XUS.TO - Volatility Comparison
Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) has a higher volatility of 15.55% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 3.19%. This indicates that MNS.TO's price experiences larger fluctuations and is considered to be riskier than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNS.TO | XUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 3.19% | +12.36% |
Volatility (6M)Calculated over the trailing 6-month period | 52.13% | 8.66% | +43.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.03% | 11.58% | +42.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.67% | 14.92% | +19.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.05% | 16.48% | +15.57% |
MNS.TO vs. XUS.TO - Expense Ratio Comparison
MNS.TO has a 0.45% expense ratio, which is higher than XUS.TO's 0.09% expense ratio.
Dividends
MNS.TO vs. XUS.TO - Dividend Comparison
MNS.TO has not paid dividends to shareholders, while XUS.TO's dividend yield for the trailing twelve months is around 1.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUS.TO iShares Core S&P 500 Index ETF | 1.12% | 1.26% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% |
Frequently Asked Questions
MNS.TO and XUS.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.45% for MNS.TO.
MNS.TO is categorized as Silver, while XUS.TO is S&P 500. MNS.TO tracks N/A (Physical Bullion), while XUS.TO tracks S&P 500 Index. They also come from different issuers: Royal Canadian Mint and iShares. Their fees differ too: 0.45% for MNS.TO and 0.09% for XUS.TO.
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