SMVP.TO vs. XUSC.TO

Last updated Jun 4, 2026

SMVP.TO (HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)) and XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) are both Large Cap Blend Equities funds - SMVP.TO tracks the Solactive United States Dividend Elite Champions Index while XUSC.TO tracks the S&P 500 3% Capped Index. Both are passively managed. Over the past year, SMVP.TO returned 8.93% vs 27.68% for XUSC.TO. At a 0.44 correlation, their price movements are largely independent. SMVP.TO charges 0.00%/yr vs 0.12%/yr for XUSC.TO.

Performance

SMVP.TO vs. XUSC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) and iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMVP.TO achieves a 4.89% return, which is significantly lower than XUSC.TO's 12.69% return.

SMVP.TO

• 1D: 0.18%
• 1M: -0.34%
• YTD: 4.89%
• 6M: 4.40%
• 1Y: 8.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XUSC.TO

• 1D: 0.23%
• 1M: 7.55%
• YTD: 12.69%
• 6M: 10.97%
• 1Y: 27.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMVP.TO vs. XUSC.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)	4.89%	1.65%
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units)	12.69%	8.13%

Correlation

The correlation between SMVP.TO and XUSC.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 28, 2025	0.44

Return for Risk

SMVP.TO vs. XUSC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMVP.TO

SMVP.TO Risk / Return Rank: 27
SMVP.TO Sharpe Ratio Rank: 26
SMVP.TO Sortino Ratio Rank: 26
SMVP.TO Omega Ratio Rank: 25
SMVP.TO Calmar Ratio Rank: 30
SMVP.TO Martin Ratio Rank: 26

XUSC.TO

XUSC.TO Risk / Return Rank: 75
XUSC.TO Sharpe Ratio Rank: 75
XUSC.TO Sortino Ratio Rank: 76
XUSC.TO Omega Ratio Rank: 75
XUSC.TO Calmar Ratio Rank: 74
XUSC.TO Martin Ratio Rank: 72

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.

SMVP.TO vs. XUSC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.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.

	SMVP.TO	XUSC.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.43	-1.49
Sortino ratio: Return per unit of downside risk	1.39	3.39	-1.99
Omega ratio: Gain probability vs. loss probability	1.17	1.44	-0.28
Calmar ratio: Return relative to maximum drawdown	1.47	3.66	-2.19
Martin ratio: Return relative to average drawdown	3.53	13.42	-9.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMVP.TO vs. XUSC.TO - Sharpe Ratio Comparison

The current SMVP.TO Sharpe Ratio is 0.94, which is lower than the XUSC.TO Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of SMVP.TO and XUSC.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.

Sharpe Ratios by Period

	SMVP.TO	XUSC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.43	-1.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	1.27	-0.89

Drawdowns

SMVP.TO vs. XUSC.TO - Drawdown Comparison

The maximum SMVP.TO drawdown since its inception was -12.11%, smaller than the maximum XUSC.TO drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for SMVP.TO and XUSC.TO.

Drawdown Indicators

	SMVP.TO	XUSC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.11%	-18.31%	+6.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-7.60%	+1.16%
Current Drawdown Current decline from peak	-5.53%	0.00%	-5.53%
Average Drawdown Average peak-to-trough decline	-2.59%	-2.67%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.07%	+0.62%

Volatility

SMVP.TO vs. XUSC.TO - Volatility Comparison

HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) has a higher volatility of 3.37% compared to iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) at 2.61%. This indicates that SMVP.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.

Volatility by Period

	SMVP.TO	XUSC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	2.61%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	7.34%	8.51%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	10.08%	11.46%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.16%	15.72%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.16%	15.72%	-2.56%

SMVP.TO vs. XUSC.TO - Expense Ratio Comparison

SMVP.TO has a 0.00% 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

SMVP.TO vs. XUSC.TO - Dividend Comparison

SMVP.TO's dividend yield for the trailing twelve months is around 2.26%, more than XUSC.TO's 0.84% yield.

Position	TTM	2025	2024
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)	2.26%	1.93%	0.00%
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units)	0.84%	0.94%	0.24%

Frequently Asked Questions

Can I hold both SMVP.TO and XUSC.TO in my portfolio?

SMVP.TO and XUSC.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMVP.TO or XUSC.TO?

On fees, SMVP.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMVP.TO or XUSC.TO?

SMVP.TO is cheaper with a 0.00% expense ratio, compared with 0.12% for XUSC.TO.

What is the main difference between SMVP.TO and XUSC.TO?

SMVP.TO tracks Solactive United States Dividend Elite Champions Index, while XUSC.TO tracks S&P 500 3% Capped Index. They also come from different issuers: Hamilton Capital and iShares. Their fees differ too: 0.00% for SMVP.TO and 0.12% for XUSC.TO.