VSP.TO vs. XSP.TO
Compare and contrast key facts about Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO).
VSP.TO and XSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VSP.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012. XSP.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on May 24, 2001. Both VSP.TO and XSP.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSP.TO or XSP.TO.
Key characteristics
| VSP.TO | XSP.TO | |
|---|---|---|
| YTD Return | 18.01% | 18.08% |
| 1Y Return | 26.39% | 26.43% |
| 3Y Return (Ann) | 8.42% | 8.45% |
| 5Y Return (Ann) | 13.61% | 13.63% |
| 10Y Return (Ann) | 11.46% | 11.46% |
| Sharpe Ratio | 2.10 | 2.09 |
| Daily Std Dev | 12.47% | 12.49% |
| Max Drawdown | -35.55% | -57.82% |
| Current Drawdown | -0.90% | -0.84% |
Correlation
The correlation between VSP.TO and XSP.TO is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VSP.TO vs. XSP.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with VSP.TO having a 18.01% return and XSP.TO slightly higher at 18.08%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: VSP.TO at 11.46% and XSP.TO at 11.46%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSP.TO vs. XSP.TO - Expense Ratio Comparison
Both VSP.TO and XSP.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%.
Risk-Adjusted Performance
VSP.TO vs. XSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.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.
Dividends
VSP.TO vs. XSP.TO - Dividend Comparison
VSP.TO's dividend yield for the trailing twelve months is around 1.07%, which matches XSP.TO's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSP.TO Vanguard S&P 500 CAD-hedged ETF | 1.07% | 1.17% | 1.37% | 1.07% | 1.27% | 1.52% | 1.76% | 1.46% | 1.69% | 1.75% | 1.53% | 1.43% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.06% | 1.18% | 1.37% | 1.00% | 1.31% | 1.73% | 1.84% | 1.47% | 1.75% | 1.86% | 1.54% | 1.46% |
Drawdowns
VSP.TO vs. XSP.TO - Drawdown Comparison
The maximum VSP.TO drawdown since its inception was -35.55%, smaller than the maximum XSP.TO drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for VSP.TO and XSP.TO. For additional features, visit the drawdowns tool.
Volatility
VSP.TO vs. XSP.TO - Volatility Comparison
Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) have volatilities of 4.91% and 4.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.