VTWO vs. XSU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Russell 2000 ETF (VTWO) and iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO).

VTWO and XSU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTWO is a passively managed fund by Vanguard that tracks the performance of the Russell 2000 Index. It was launched on Sep 20, 2010. XSU.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US SMID TR CAD. It was launched on May 14, 2007. Both VTWO and XSU.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.

Performance

VTWO vs. XSU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 ETF (VTWO) and iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO). The values are adjusted to include any dividend payments, if applicable.

VTWO vs. XSU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTWO Vanguard Russell 2000 ETF	1.54%	12.90%	11.55%	17.08%	-20.49%	14.79%	20.22%	25.81%	-11.15%	14.69%
XSU.TO iShares U.S. Small Cap Index ETF (CAD-Hedged)	-0.17%	15.80%	1.00%	17.31%	-26.90%	13.60%	18.03%	29.99%	-19.59%	21.51%

Different Trading Currencies

VTWO is traded in USD, while XSU.TO is traded in CAD. To make them comparable, the XSU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VTWO achieves a 1.54% return, which is significantly higher than XSU.TO's -1.07% return. Over the past 10 years, VTWO has outperformed XSU.TO with an annualized return of 9.96%, while XSU.TO has yielded a comparatively lower 7.16% annualized return.

VTWO

• 1D: 0.62%
• 1M: -5.23%
• YTD: 1.54%
• 6M: 3.49%
• 1Y: 26.61%
• 3Y*: 13.37%
• 5Y*: 3.63%
• 10Y*: 9.96%

XSU.TO

• 1D: 0.00%
• 1M: -7.65%
• YTD: -1.07%
• 6M: 1.63%
• 1Y: 26.32%
• 3Y*: 9.76%
• 5Y*: -0.53%
• 10Y*: 7.16%

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

VTWO vs. XSU.TO - Expense Ratio Comparison

VTWO has a 0.10% expense ratio, which is lower than XSU.TO's 0.35% expense ratio.

XSU.TO

iShares U.S. Small Cap Index ETF (CAD-Hedged)

VTWO

Vanguard Russell 2000 ETF

Return for Risk

VTWO vs. XSU.TO — Risk / Return Rank

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

VTWO

VTWO Risk / Return Rank: 65
VTWO Sharpe Ratio Rank: 63
VTWO Sortino Ratio Rank: 65
VTWO Omega Ratio Rank: 56
VTWO Calmar Ratio Rank: 72
VTWO Martin Ratio Rank: 68

XSU.TO

XSU.TO Risk / Return Rank: 57
XSU.TO Sharpe Ratio Rank: 54
XSU.TO Sortino Ratio Rank: 58
XSU.TO Omega Ratio Rank: 49
XSU.TO Calmar Ratio Rank: 64
XSU.TO Martin Ratio Rank: 59

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.

VTWO vs. XSU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 ETF (VTWO) and iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.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.

	VTWO	XSU.TO	Difference
Sharpe ratio Return per unit of total volatility	1.15	1.08	+0.07
Sortino ratio Return per unit of downside risk	1.70	1.67	+0.03
Omega ratio Gain probability vs. loss probability	1.22	1.20	+0.01
Calmar ratio Return relative to maximum drawdown	1.91	1.98	-0.07
Martin ratio Return relative to average drawdown	7.12	7.38	-0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTWO vs. XSU.TO - Sharpe Ratio Comparison

The current VTWO Sharpe Ratio is 1.15, which is comparable to the XSU.TO Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of VTWO and XSU.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VTWO	XSU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	1.08	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.02	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.27	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.39	+0.09

Correlation

The correlation between VTWO and XSU.TO is 0.92, 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.

Dividends

VTWO vs. XSU.TO - Dividend Comparison

VTWO's dividend yield for the trailing twelve months is around 1.25%, more than XSU.TO's 0.84% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTWO Vanguard Russell 2000 ETF	1.25%	1.25%	1.21%	1.45%	1.48%	1.13%	0.92%	1.36%	1.41%	1.18%	1.27%	1.23%
XSU.TO iShares U.S. Small Cap Index ETF (CAD-Hedged)	0.84%	0.85%	0.93%	1.09%	1.28%	0.73%	0.79%	1.00%	1.12%	0.95%	1.16%	1.28%

Drawdowns

VTWO vs. XSU.TO - Drawdown Comparison

The maximum VTWO drawdown since its inception was -41.19%, smaller than the maximum XSU.TO drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for VTWO and XSU.TO.

Drawdown Indicators

	VTWO	XSU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.19%	-62.62%	+21.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	-13.70%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-31.88%	-33.98%	+2.10%
Max Drawdown (10Y) Largest decline over 10 years	-41.19%	-44.60%	+3.41%
Current Drawdown Current decline from peak	-7.29%	-7.82%	+0.53%
Average Drawdown Average peak-to-trough decline	-8.47%	-13.83%	+5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	3.84%	-0.10%

Volatility

VTWO vs. XSU.TO - Volatility Comparison

Vanguard Russell 2000 ETF (VTWO) and iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) have volatilities of 7.38% and 7.65%, 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.

Volatility by Period

	VTWO	XSU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	7.65%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	14.44%	15.64%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	23.29%	24.59%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.49%	26.31%	-3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.04%	26.92%	-3.88%