USSL.TO vs. XVLU.TO

Last updated Jun 4, 2026

USSL.TO (Global X Enhanced S&P 500 Index ETF) and XVLU.TO (iShares MSCI USA Value Factor Index ETF) are both exchange-traded funds - USSL.TO is a Leveraged Equities fund tracking the S&P 500, while XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index. Both are passively managed. Over the past year, USSL.TO returned 37.15% vs 95.75% for XVLU.TO. At a 0.37 correlation, their price movements are largely independent. USSL.TO charges 1.34%/yr vs 0.32%/yr for XVLU.TO.

Performance

USSL.TO vs. XVLU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced S&P 500 Index ETF (USSL.TO) and iShares MSCI USA Value Factor Index ETF (XVLU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USSL.TO achieves a 14.51% return, which is significantly lower than XVLU.TO's 50.62% return.

USSL.TO

• 1D: 0.03%
• 1M: 8.62%
• YTD: 14.51%
• 6M: 12.52%
• 1Y: 37.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XVLU.TO

• 1D: 0.06%
• 1M: 23.30%
• YTD: 50.62%
• 6M: 51.55%
• 1Y: 95.75%
• 3Y*: 35.04%
• 5Y*: 19.03%
• 10Y*: —

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

USSL.TO vs. XVLU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USSL.TO Global X Enhanced S&P 500 Index ETF	14.51%	13.42%	22.04%
XVLU.TO iShares MSCI USA Value Factor Index ETF	50.62%	26.17%	8.17%

Correlation

The correlation between USSL.TO and XVLU.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 23, 2024	0.37

USSL.TO vs. XVLU.TO - Sectors Allocation Comparison

Sectors	USSL.TO	XVLU.TO
Technology	33.1%	44.5%
Financial Services	12.3%	10.4%
Communication Services	10.7%	8.3%
Consumer Cyclical	10.1%	8.4%
Healthcare	9.8%	8.5%
Industrials	8.7%	7.3%
Consumer Defensive	5.4%	4.0%
Energy	3.5%	3.2%
Utilities	2.5%	1.9%
Real Estate	2.0%	1.8%
Basic Materials	1.9%	1.6%

Return for Risk

USSL.TO vs. XVLU.TO — Risk / Return Rank

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

USSL.TO

USSL.TO Risk / Return Rank: 81
USSL.TO Sharpe Ratio Rank: 82
USSL.TO Sortino Ratio Rank: 88
USSL.TO Omega Ratio Rank: 95
USSL.TO Calmar Ratio Rank: 70
USSL.TO Martin Ratio Rank: 70

XVLU.TO

XVLU.TO Risk / Return Rank: 98
XVLU.TO Sharpe Ratio Rank: 98
XVLU.TO Sortino Ratio Rank: 98
XVLU.TO Omega Ratio Rank: 97
XVLU.TO Calmar Ratio Rank: 98
XVLU.TO Martin Ratio Rank: 98

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.

USSL.TO vs. XVLU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced S&P 500 Index ETF (USSL.TO) and iShares MSCI USA Value Factor Index ETF (XVLU.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.

	USSL.TO	XVLU.TO	Difference
Sharpe ratio Return per unit of total volatility	2.65	5.59	-2.93
Sortino ratio Return per unit of downside risk	4.04	7.16	-3.12
Omega ratio Gain probability vs. loss probability	1.73	1.96	-0.23
Calmar ratio Return relative to maximum drawdown	3.46	13.34	-9.88
Martin ratio Return relative to average drawdown	12.89	55.16	-42.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USSL.TO vs. XVLU.TO - Sharpe Ratio Comparison

The current USSL.TO Sharpe Ratio is 2.65, which is lower than the XVLU.TO Sharpe Ratio of 5.59. The chart below compares the historical Sharpe Ratios of USSL.TO and XVLU.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

	USSL.TO	XVLU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	5.59	-2.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.93	+0.37

Drawdowns

USSL.TO vs. XVLU.TO - Drawdown Comparison

The maximum USSL.TO drawdown since its inception was -23.90%, smaller than the maximum XVLU.TO drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for USSL.TO and XVLU.TO.

Drawdown Indicators

	USSL.TO	XVLU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-23.90%	-34.40%	+10.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-7.22%	-3.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.16%	—
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.48%	-6.49%	+3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.74%	+1.15%

Volatility

USSL.TO vs. XVLU.TO - Volatility Comparison

The current volatility for Global X Enhanced S&P 500 Index ETF (USSL.TO) is 5.02%, while iShares MSCI USA Value Factor Index ETF (XVLU.TO) has a volatility of 7.55%. This indicates that USSL.TO experiences smaller price fluctuations and is considered to be less risky than XVLU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USSL.TO	XVLU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	7.55%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	14.06%	-3.39%
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	17.24%	-3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.63%	15.94%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	18.82%	+0.81%

USSL.TO vs. XVLU.TO - Expense Ratio Comparison

USSL.TO has a 1.34% expense ratio, which is higher than XVLU.TO's 0.32% expense ratio.

Dividends

USSL.TO vs. XVLU.TO - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019
USSL.TO Global X Enhanced S&P 500 Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XVLU.TO iShares MSCI USA Value Factor Index ETF	1.12%	1.75%	2.17%	2.26%	2.51%	2.03%	2.72%	0.68%

Frequently Asked Questions

Can I hold both USSL.TO and XVLU.TO in my portfolio?

USSL.TO and XVLU.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USSL.TO or XVLU.TO?

On fees, XVLU.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USSL.TO or XVLU.TO?

XVLU.TO is cheaper with a 0.32% expense ratio, compared with 1.34% for USSL.TO.

What is the main difference between USSL.TO and XVLU.TO?

USSL.TO is categorized as Leveraged Equities, while XVLU.TO is Large Cap Value Equities. USSL.TO tracks S&P 500, while XVLU.TO tracks MSCI USA Enhanced Value Index. They also come from different issuers: Global X and iShares. Their fees differ too: 1.34% for USSL.TO and 0.32% for XVLU.TO.