XAW.TO vs. SPY
Compare and contrast key facts about iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) and SPDR S&P 500 ETF (SPY).
XAW.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XAW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Feb 10, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XAW.TO and SPY 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: XAW.TO or SPY.
Key characteristics
| XAW.TO | SPY | |
|---|---|---|
| YTD Return | 24.71% | 25.52% |
| 1Y Return | 31.53% | 37.10% |
| 3Y Return (Ann) | 9.80% | 9.68% |
| 5Y Return (Ann) | 12.15% | 15.68% |
| Sharpe Ratio | 3.27 | 3.06 |
| Sortino Ratio | 4.54 | 4.08 |
| Omega Ratio | 1.62 | 1.58 |
| Calmar Ratio | 4.54 | 4.46 |
| Martin Ratio | 22.76 | 20.21 |
| Ulcer Index | 1.41% | 1.86% |
| Daily Std Dev | 9.84% | 12.27% |
| Max Drawdown | -27.32% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XAW.TO and SPY is 0.89, 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
XAW.TO vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with XAW.TO having a 24.71% return and SPY slightly higher at 25.52%. 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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XAW.TO vs. SPY - Expense Ratio Comparison
XAW.TO has a 0.22% expense ratio, which is higher than SPY'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%.
Risk-Adjusted Performance
XAW.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) and SPDR S&P 500 ETF (SPY). 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
XAW.TO vs. SPY - Dividend Comparison
XAW.TO's dividend yield for the trailing twelve months is around 1.46%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XAW.TO iShares Core MSCI All Country World ex Canada Index ETF | 1.46% | 1.71% | 1.79% | 1.77% | 1.49% | 2.02% | 2.29% | 1.92% | 1.80% | 1.83% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XAW.TO vs. SPY - Drawdown Comparison
The maximum XAW.TO drawdown since its inception was -27.32%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XAW.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
XAW.TO vs. SPY - Volatility Comparison
The current volatility for iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) is 2.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that XAW.TO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.