VFV.TO vs. XUS-U.TO
VFV.TO (Vanguard S&P 500 Index ETF) and XUS-U.TO (iShares Core S&P 500 Index ETF) are both S&P 500 funds tracking the S&P 500 Index, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, VFV.TO returned 16.84%/yr vs 16.56%/yr for XUS-U.TO. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
VFV.TO vs. XUS-U.TO - Performance Comparison
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Different Trading Currencies
VFV.TO is traded in CAD, while XUS-U.TO is traded in USD. To make them comparable, the XUS-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with VFV.TO having a 12.30% return and XUS-U.TO slightly lower at 11.92%.
VFV.TO
- 1D
- -0.18%
- 1M
- 7.30%
- YTD
- 12.30%
- 6M
- 10.47%
- 1Y
- 29.48%
- 3Y*
- 23.57%
- 5Y*
- 16.84%
- 10Y*
- 16.04%
XUS-U.TO
- 1D
- -0.03%
- 1M
- 7.46%
- YTD
- 11.92%
- 6M
- 10.34%
- 1Y
- 29.46%
- 3Y*
- 23.24%
- 5Y*
- 16.56%
- 10Y*
- —
VFV.TO vs. XUS-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 12.30% | 12.18% | 35.23% | 23.23% | -12.58% | 27.51% | 15.62% | 6.35% |
XUS-U.TO iShares Core S&P 500 Index ETF | 11.92% | 12.26% | 35.04% | 23.39% | -13.24% | 26.58% | 16.01% | 6.29% |
Correlation
The correlation between VFV.TO and XUS-U.TO is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2019 | 0.80 |
The correlation between VFV.TO and XUS-U.TO shifts across timeframes, from 0.80 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VFV.TO vs. XUS-U.TO — Risk / Return Rank
VFV.TO
XUS-U.TO
VFV.TO vs. XUS-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.TO) and iShares Core S&P 500 Index ETF (XUS-U.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.
| VFV.TO | XUS-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.44 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.31 | +0.13 |
| Martin ratioReturn relative to average drawdown | 13.10 | 13.10 | -0.01 |
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
| VFV.TO | XUS-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 2.44 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.11 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 1.00 | +0.14 |
Drawdowns
VFV.TO vs. XUS-U.TO - Drawdown Comparison
The maximum VFV.TO drawdown since its inception was -27.43%, roughly equal to the maximum XUS-U.TO drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for VFV.TO and XUS-U.TO.
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Drawdown Indicators
| VFV.TO | XUS-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.43% | -27.29% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -8.95% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -18.70% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -22.52% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.43% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.03% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -4.57% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.25% | +0.01% |
Volatility
VFV.TO vs. XUS-U.TO - Volatility Comparison
Vanguard S&P 500 Index ETF (VFV.TO) has a higher volatility of 3.05% compared to iShares Core S&P 500 Index ETF (XUS-U.TO) at 2.79%. This indicates that VFV.TO's price experiences larger fluctuations and is considered to be riskier than XUS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFV.TO | XUS-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.79% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 9.13% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 12.13% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 14.96% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 17.10% | -0.53% |
VFV.TO vs. XUS-U.TO - Expense Ratio Comparison
Both VFV.TO and XUS-U.TO have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VFV.TO vs. XUS-U.TO - Dividend Comparison
VFV.TO's dividend yield for the trailing twelve months is around 0.83%, more than XUS-U.TO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 0.83% | 0.92% | 0.99% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% |
XUS-U.TO iShares Core S&P 500 Index ETF | 0.82% | 0.91% | 0.74% | 0.90% | 1.04% | 0.71% | 0.91% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VFV.TO and XUS-U.TO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VFV.TO and XUS-U.TO have the same expense ratio: 0.09% per year.
Both ETFs track S&P 500 Index. They also come from different issuers: Vanguard and iShares.
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