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VIU.TO vs. XUS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIU.TO vs. XUS.TO

Last updated Jun 4, 2026

VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VIU.TO returned 10.41%/yr vs 15.98%/yr for XUS.TO. A 0.71 correlation means they provide meaningful diversification when combined. VIU.TO charges 0.23%/yr vs 0.09%/yr for XUS.TO.

Performance

VIU.TO vs. XUS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) and iShares Core S&P 500 Index ETF (XUS.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VIU.TO achieves a 16.73% return, which is significantly higher than XUS.TO's 12.21% return. Over the past 10 years, VIU.TO has underperformed XUS.TO with an annualized return of 10.41%, while XUS.TO has yielded a comparatively higher 15.98% annualized return.

VIU.TO

1D
-0.44%
1M
7.93%
YTD
16.73%
6M
17.50%
1Y
33.05%
3Y*
20.38%
5Y*
11.99%
10Y*
10.41%

XUS.TO

1D
-0.31%
1M
7.22%
YTD
12.21%
6M
10.39%
1Y
29.30%
3Y*
23.52%
5Y*
16.78%
10Y*
15.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIU.TO vs. XUS.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		16.73%27.83%10.72%15.66%-10.63%9.74%7.56%15.30%-7.39%19.22%
XUS.TO
iShares Core S&P 500 Index ETF		12.21%12.19%35.16%23.31%-12.59%27.20%15.56%24.57%3.31%13.56%

Correlation

The correlation between VIU.TO and XUS.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.71

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

0.65

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

0.68

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

0.71

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2015

0.71

The correlation between VIU.TO and XUS.TO has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

VIU.TO vs. XUS.TO - Sectors Allocation Comparison

Sectors
VIU.TO
XUS.TO

Financial Services

25.6%
11.9%

Technology

18.4%
36.2%

Industrials

17.1%
8.1%

Healthcare

10.7%
8.4%

Consumer Defensive

6.1%
4.9%

Consumer Cyclical

6.0%
10.1%

Basic Materials

4.7%
1.8%

Energy

4.1%
3.5%

Communication Services

3.1%
10.9%

Utilities

2.9%
2.3%

Real Estate

0.6%
1.9%

Financial Services

VIU.TO
25.6%
XUS.TO
11.9%

Technology

VIU.TO
18.4%
XUS.TO
36.2%

Industrials

VIU.TO
17.1%
XUS.TO
8.1%

Healthcare

VIU.TO
10.7%
XUS.TO
8.4%

Consumer Defensive

VIU.TO
6.1%
XUS.TO
4.9%

Consumer Cyclical

VIU.TO
6.0%
XUS.TO
10.1%

Basic Materials

VIU.TO
4.7%
XUS.TO
1.8%

Energy

VIU.TO
4.1%
XUS.TO
3.5%

Communication Services

VIU.TO
3.1%
XUS.TO
10.9%

Utilities

VIU.TO
2.9%
XUS.TO
2.3%

Real Estate

VIU.TO
0.6%
XUS.TO
1.9%

Compare stocks, funds, or ETFs

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Vanguard FTSE Developed All Cap ex North America Index ETF

iShares Core S&P 500 Index ETF

Often compared with VIU.TO:
VIU.TO vs. XEF.TOVIU.TO vs. VIDY.TOVIU.TO vs. VCN.TOVIU.TO vs. VDU.TOVIU.TO vs. VFV.TOVIU.TO vs. XEQT.TOVIU.TO vs. VEQT.TO
Often compared with XUS.TO:
XUS.TO vs. XSP.TOXUS.TO vs. XEQT.TOXUS.TO vs. XUU.TOXUS.TO vs. ZSP.TOXUS.TO vs. VOOXUS.TO vs. XEF.TOXUS.TO vs. HXS.TO

Return for Risk

VIU.TO vs. XUS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIU.TO
VIU.TO Risk / Return Rank: 6262
Overall Rank
VIU.TO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VIU.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
VIU.TO Omega Ratio Rank: 6666
Omega Ratio Rank
VIU.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
VIU.TO Martin Ratio Rank: 6262
Martin Ratio Rank
XUS.TO
XUS.TO Risk / Return Rank: 7373
Overall Rank
XUS.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XUS.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
XUS.TO Omega Ratio Rank: 7777
Omega Ratio Rank
XUS.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
XUS.TO Martin Ratio Rank: 6868
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.

VIU.TO vs. XUS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) and iShares Core S&P 500 Index ETF (XUS.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.

VIU.TOXUS.TODifference
Sharpe ratioReturn per unit of total volatility
2.17
2.55

-0.37

Sortino ratioReturn per unit of downside risk
3.01
3.47

-0.46

Omega ratioGain probability vs. loss probability

1.41

1.47

-0.06

Calmar ratioReturn relative to maximum drawdown

2.83

3.41

-0.58

Martin ratioReturn relative to average drawdown

11.39

12.94

-1.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIU.TO vs. XUS.TO - Sharpe Ratio Comparison

The current VIU.TO Sharpe Ratio is 2.17, which is comparable to the XUS.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of VIU.TO and XUS.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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Sharpe Ratios by Period

VIU.TOXUS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

2.55

-0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

1.13

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.98

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

1.08

-0.46

Drawdowns

VIU.TO vs. XUS.TO - Drawdown Comparison

The maximum VIU.TO drawdown since its inception was -29.15%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for VIU.TO and XUS.TO.

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Drawdown Indicators

VIU.TOXUS.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.15%

-27.23%

-1.92%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-8.63%

-3.11%

Max Drawdown (3Y)

Largest decline over 3 years

-14.26%

-18.96%

+4.70%

Max Drawdown (5Y)

Largest decline over 5 years

-25.35%

-21.85%

-3.50%

Max Drawdown (10Y)

Largest decline over 10 years

-29.15%

-27.23%

-1.92%

Current Drawdown

Current decline from peak

-0.44%

-0.31%

-0.13%

Average Drawdown

Average peak-to-trough decline

-5.34%

-3.46%

-1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

2.27%

+0.64%

Volatility

VIU.TO vs. XUS.TO - Volatility Comparison

Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) has a higher volatility of 5.83% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 3.19%. This indicates that VIU.TO's price experiences larger fluctuations and is considered to be riskier than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIU.TOXUS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.83%

3.19%

+2.64%

Volatility (6M)

Calculated over the trailing 6-month period

13.08%

8.66%

+4.42%

Volatility (1Y)

Calculated over the trailing 1-year period

15.31%

11.58%

+3.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.90%

14.92%

-1.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.12%

16.48%

-1.36%

VIU.TO vs. XUS.TO - Expense Ratio Comparison

VIU.TO has a 0.23% expense ratio, which is higher than XUS.TO's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VIU.TO vs. XUS.TO - Dividend Comparison

VIU.TO's dividend yield for the trailing twelve months is around 2.16%, more than XUS.TO's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		2.16%2.48%2.55%2.65%2.75%2.37%1.97%2.67%2.75%2.12%1.71%0.27%
XUS.TO
iShares Core S&P 500 Index ETF		1.12%1.26%1.03%1.22%1.38%0.99%1.35%2.02%1.77%1.48%1.66%1.70%

Frequently Asked Questions

VIU.TO and XUS.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.23% for VIU.TO.

VIU.TO is categorized as International Equity, while XUS.TO is S&P 500. VIU.TO tracks FTSE Developed All Cap ex North America Index, while XUS.TO tracks S&P 500 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.23% for VIU.TO and 0.09% for XUS.TO.

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