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

SPYG vs. XIU.TO

Last updated Jun 24, 2026

SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - SPYG is a S&P 500 fund tracking the S&P 500 Growth 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, SPYG returned 18.05%/yr vs 11.95%/yr for XIU.TO. A 0.58 correlation means they provide meaningful diversification when combined. SPYG charges 0.04%/yr vs 0.18%/yr for XIU.TO.

Performance

SPYG vs. XIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) 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

SPYG 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, SPYG achieves a 8.70% return, which is significantly higher than XIU.TO's 8.01% return. Over the past 10 years, SPYG has outperformed XIU.TO with an annualized return of 18.05%, while XIU.TO has yielded a comparatively lower 11.95% annualized return.

SPYG

1D
-2.40%
1M
-2.07%
YTD
8.70%
6M
7.46%
1Y
26.87%
3Y*
25.48%
5Y*
14.11%
10Y*
18.05%

XIU.TO

1D
0.22%
1M
-0.56%
YTD
8.01%
6M
7.54%
1Y
28.93%
3Y*
21.08%
5Y*
11.24%
10Y*
11.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYG vs. XIU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		8.70%22.09%35.99%30.02%-29.41%32.01%33.46%30.84%-0.12%27.24%
XIU.TO
iShares S&P/TSX 60 Index ETF		8.06%35.06%11.31%14.58%-11.93%28.12%7.83%27.04%-14.97%17.54%

Correlation

The correlation between SPYG and XIU.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.49

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

0.51

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

0.56

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

0.54

Correlation (All Time)
Calculated using the full available price history since Jul 21, 2006

0.58

The correlation between SPYG and XIU.TO has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

SPYG vs. XIU.TO - Sectors Allocation Comparison

Sectors
SPYG
XIU.TO

Technology

52.1%
8.8%

Communication Services

15.9%
2.0%

Financial Services

9.0%
40.3%

Consumer Cyclical

8.5%
3.9%

Healthcare

5.9%

-

Industrials

5.4%
7.8%

Utilities

1.2%
2.6%

Consumer Defensive

1.0%
3.2%

Real Estate

0.6%
0.2%

Basic Materials

0.3%
13.6%

Energy

0.1%
17.7%

Technology

SPYG
52.1%
XIU.TO
8.8%

Communication Services

SPYG
15.9%
XIU.TO
2.0%

Financial Services

SPYG
9.0%
XIU.TO
40.3%

Consumer Cyclical

SPYG
8.5%
XIU.TO
3.9%

Healthcare

SPYG
5.9%
XIU.TO

-

Industrials

SPYG
5.4%
XIU.TO
7.8%

Utilities

SPYG
1.2%
XIU.TO
2.6%

Consumer Defensive

SPYG
1.0%
XIU.TO
3.2%

Real Estate

SPYG
0.6%
XIU.TO
0.2%

Basic Materials

SPYG
0.3%
XIU.TO
13.6%

Energy

SPYG
0.1%
XIU.TO
17.7%

Compare stocks, funds, or ETFs

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

State Street SPDR Portfolio S&P 500 Growth ETF

iShares S&P/TSX 60 Index ETF

Often compared with SPYG:
SPYG vs. SPYSPYG vs. SCHGSPYG vs. VOOSPYG vs. VUGSPYG vs. VOOGSPYG vs. SPYMSPYG vs. SPYV
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

SPYG vs. XIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYG
SPYG Risk / Return Rank: 4545
Overall Rank
SPYG Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SPYG Sortino Ratio Rank: 4444
Sortino Ratio Rank
SPYG Omega Ratio Rank: 4444
Omega Ratio Rank
SPYG Calmar Ratio Rank: 4141
Calmar Ratio Rank
SPYG Martin Ratio Rank: 4848
Martin Ratio Rank
XIU.TO
XIU.TO Risk / Return Rank: 8686
Overall Rank
XIU.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9090
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.

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

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) 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.

SPYGXIU.TODifference
Sharpe ratioReturn per unit of total volatility
1.57
2.25

-0.68

Sortino ratioReturn per unit of downside risk
2.17
3.03

-0.87

Omega ratioGain probability vs. loss probability

1.28

1.39

-0.12

Calmar ratioReturn relative to maximum drawdown

1.96

3.59

-1.63

Martin ratioReturn relative to average drawdown

7.79

15.25

-7.46

SPYG vs. XIU.TO - Sharpe Ratio Comparison

The current SPYG Sharpe Ratio is 1.57, which is lower than the XIU.TO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of SPYG 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

SPYG vs. XIU.TO - Drawdown Comparison

The maximum SPYG drawdown since its inception was -67.63%, which is greater than XIU.TO's maximum drawdown of -59.23%. Use the drawdown chart below to compare losses from any high point for SPYG and XIU.TO.

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Drawdown Indicators

SPYGXIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-67.63%

-59.23%

-8.40%

Max Drawdown (1Y)

Largest decline over 1 year

-13.76%

-8.10%

-5.66%

Max Drawdown (3Y)

Largest decline over 3 years

-22.14%

-12.38%

-9.76%

Max Drawdown (5Y)

Largest decline over 5 years

-32.67%

-24.07%

-8.60%

Max Drawdown (10Y)

Largest decline over 10 years

-32.67%

-40.99%

+8.32%

Current Drawdown

Current decline from peak

-5.52%

-1.90%

-3.62%

Average Drawdown

Average peak-to-trough decline

-24.28%

-10.94%

-13.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

1.90%

+1.56%

Volatility

SPYG vs. XIU.TO - Volatility Comparison

State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a higher volatility of 7.26% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 3.80%. This indicates that SPYG'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

SPYGXIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.26%

3.80%

+3.46%

Volatility (6M)

Calculated over the trailing 6-month period

13.90%

10.10%

+3.80%

Volatility (1Y)

Calculated over the trailing 1-year period

17.26%

12.92%

+4.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.36%

14.47%

+6.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.73%

16.44%

+4.29%

SPYG vs. XIU.TO - Expense Ratio Comparison

SPYG has a 0.04% 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

SPYG vs. XIU.TO - Dividend Comparison

SPYG's dividend yield for the trailing twelve months is around 0.50%, less than XIU.TO's 2.17% yield.

PositionTTM20252024202320222021202020192018201720162015
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		0.50%0.52%0.60%1.15%1.03%0.62%0.90%1.37%1.51%1.41%1.55%1.57%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.17%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

SPYG and XIU.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPYG is cheaper with a 0.04% expense ratio, compared with 0.18% for XIU.TO.

SPYG is categorized as S&P 500, while XIU.TO is Canada Equities. SPYG tracks S&P 500 Growth Index, while XIU.TO tracks S&P/TSX 60 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.04% for SPYG and 0.18% for XIU.TO.

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