QUU.TO vs. XUSC.TO
QUU.TO (Mackenzie US Large Cap Equity Index ETF) and XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) are both Large Cap Blend Equities funds - QUU.TO tracks the Solactive US Large Cap CAD Index while XUSC.TO tracks the S&P 500 3% Capped Index. Both are passively managed. Over the past year, QUU.TO returned 26.58% vs 26.27% for XUSC.TO. Their correlation of 0.91 suggests significant overlap in exposure. QUU.TO charges 0.07%/yr vs 0.12%/yr for XUSC.TO.
Performance
QUU.TO vs. XUSC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QUU.TO achieves a 12.05% return, which is significantly lower than XUSC.TO's 13.63% return.
QUU.TO
- 1D
- -0.07%
- 1M
- -0.59%
- YTD
- 12.05%
- 6M
- 11.16%
- 1Y
- 26.58%
- 3Y*
- 24.18%
- 5Y*
- 15.86%
- 10Y*
- —
XUSC.TO
- 1D
- 0.23%
- 1M
- 2.43%
- YTD
- 13.63%
- 6M
- 12.62%
- 1Y
- 26.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QUU.TO vs. XUSC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QUU.TO Mackenzie US Large Cap Equity Index ETF | 12.05% | 13.08% | 11.24% |
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units) | 13.63% | 11.40% | 10.66% |
Correlation
The correlation between QUU.TO and XUSC.TO is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.91 |
The correlation between QUU.TO and XUSC.TO has been stable across timeframes, ranging from 0.91 to 0.91 - 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.
Return for Risk
QUU.TO vs. XUSC.TO — Risk / Return Rank
QUU.TO
XUSC.TO
QUU.TO vs. XUSC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie US Large Cap Equity Index ETF (QUU.TO) and iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.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.
| QUU.TO | XUSC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.47 | -0.44 |
| Martin ratioReturn relative to average drawdown | 11.11 | 12.60 | -1.49 |
Loading charts...
Drawdowns
QUU.TO vs. XUSC.TO - Drawdown Comparison
The maximum QUU.TO drawdown since its inception was -26.86%, which is greater than XUSC.TO's maximum drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for QUU.TO and XUSC.TO.
Loading charts...
Drawdown Indicators
| QUU.TO | XUSC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.86% | -18.31% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -7.60% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.00% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -0.95% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -2.64% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.09% | +0.31% |
Volatility
QUU.TO vs. XUSC.TO - Volatility Comparison
Mackenzie US Large Cap Equity Index ETF (QUU.TO) has a higher volatility of 4.52% compared to iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) at 4.06%. This indicates that QUU.TO's price experiences larger fluctuations and is considered to be riskier than XUSC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QUU.TO | XUSC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 4.06% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 9.16% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 11.89% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 15.73% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 15.73% | +1.55% |
QUU.TO vs. XUSC.TO - Expense Ratio Comparison
QUU.TO has a 0.07% expense ratio, which is lower than XUSC.TO's 0.12% 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
QUU.TO vs. XUSC.TO - Dividend Comparison
QUU.TO's dividend yield for the trailing twelve months is around 0.89%, more than XUSC.TO's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QUU.TO Mackenzie US Large Cap Equity Index ETF | 0.89% | 0.97% | 1.00% | 1.21% | 1.59% | 0.98% | 1.34% | 1.59% | 1.55% |
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units) | 0.83% | 0.94% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, QUU.TO and XUSC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, QUU.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QUU.TO is cheaper with a 0.07% expense ratio, compared with 0.12% for XUSC.TO.
QUU.TO tracks Solactive US Large Cap CAD Index, while XUSC.TO tracks S&P 500 3% Capped Index. They also come from different issuers: Mackenzie and iShares. Their fees differ too: 0.07% for QUU.TO and 0.12% for XUSC.TO.
Find the right allocation for QUU.TO and XUSC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer