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XCG.TO vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCG.TO vs. VOO

Last updated Jun 5, 2026

XCG.TO (iShares Canadian Growth Index ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - XCG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XCG.TO returned 9.54%/yr vs 16.45%/yr for VOO. At a 0.49 correlation, their price movements are largely independent. XCG.TO charges 0.55%/yr vs 0.03%/yr for VOO.

Performance

XCG.TO vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Growth Index ETF (XCG.TO) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XCG.TO achieves a 2.86% return, which is significantly lower than VOO's 12.32% return. Over the past 10 years, XCG.TO has underperformed VOO with an annualized return of 9.54%, while VOO has yielded a comparatively higher 16.45% annualized return.

XCG.TO

1D
0.92%
1M
3.98%
YTD
2.86%
6M
-4.93%
1Y
5.89%
3Y*
13.77%
5Y*
8.36%
10Y*
9.54%

VOO

1D
0.00%
1M
6.34%
YTD
12.32%
6M
10.35%
1Y
30.17%
3Y*
23.88%
5Y*
17.15%
10Y*
16.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCG.TO vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XCG.TO
iShares Canadian Growth Index ETF		2.86%9.37%21.40%17.43%-11.67%15.98%11.25%28.29%-6.14%7.03%
VOO
Vanguard S&P 500 ETF		12.87%12.42%35.71%23.54%-12.34%27.63%16.32%24.91%3.60%14.02%

Correlation

The correlation between XCG.TO and VOO is 0.55, 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

0.55

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

0.60

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

0.61

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

0.53

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2010

0.49

The correlation between XCG.TO and VOO shifts across timeframes, from 0.49 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.

XCG.TO vs. VOO - Sectors Allocation Comparison

Sectors
XCG.TO
VOO

Basic Materials

27.2%
1.8%

Industrials

22.4%
8.3%

Technology

17.0%
35.7%

Financial Services

10.0%
11.6%

Energy

9.7%
3.5%

Consumer Cyclical

7.2%
10.2%

Consumer Defensive

4.6%
4.9%

Communication Services

1.5%
11.3%

Real Estate

0.4%
1.9%

Healthcare

-

8.5%

Utilities

-

2.4%

Basic Materials

XCG.TO
27.2%
VOO
1.8%

Industrials

XCG.TO
22.4%
VOO
8.3%

Technology

XCG.TO
17.0%
VOO
35.7%

Financial Services

XCG.TO
10.0%
VOO
11.6%

Energy

XCG.TO
9.7%
VOO
3.5%

Consumer Cyclical

XCG.TO
7.2%
VOO
10.2%

Consumer Defensive

XCG.TO
4.6%
VOO
4.9%

Communication Services

XCG.TO
1.5%
VOO
11.3%

Real Estate

XCG.TO
0.4%
VOO
1.9%

Healthcare

XCG.TO

-

VOO
8.5%

Utilities

XCG.TO

-

VOO
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Canadian Growth Index ETF

Vanguard S&P 500 ETF

Often compared with XCG.TO:
XCG.TO vs. XGRO.TOXCG.TO vs. VGRO.TOXCG.TO vs. VUGXCG.TO vs. VFV.TOXCG.TO vs. SCHGXCG.TO vs. XEG.TOXCG.TO vs. VDY.TO
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

Return for Risk

XCG.TO vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCG.TO
XCG.TO Risk / Return Rank: 1414
Overall Rank
XCG.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
XCG.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
XCG.TO Omega Ratio Rank: 1414
Omega Ratio Rank
XCG.TO Calmar Ratio Rank: 1414
Calmar Ratio Rank
XCG.TO Martin Ratio Rank: 1515
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 7474
Overall Rank
VOO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 7575
Sortino Ratio Rank
VOO Omega Ratio Rank: 7575
Omega Ratio Rank
VOO Calmar Ratio Rank: 6666
Calmar Ratio Rank
VOO Martin Ratio Rank: 7878
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.

XCG.TO vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Growth Index ETF (XCG.TO) and Vanguard S&P 500 ETF (VOO). 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.

XCG.TOVOODifference
Sharpe ratioReturn per unit of total volatility
0.30
2.60

-2.31

Sortino ratioReturn per unit of downside risk
0.52
3.50

-2.98

Omega ratioGain probability vs. loss probability

1.07

1.50

-0.43

Calmar ratioReturn relative to maximum drawdown

0.39

3.52

-3.13

Martin ratioReturn relative to average drawdown

1.12

13.38

-12.26

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

XCG.TO vs. VOO - Sharpe Ratio Comparison

The current XCG.TO Sharpe Ratio is 0.30, which is lower than the VOO Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of XCG.TO and VOO, 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

XCG.TOVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

2.60

-2.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

1.16

-0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

1.01

-0.43

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

1.15

-0.78

Drawdowns

XCG.TO vs. VOO - Drawdown Comparison

The maximum XCG.TO drawdown since its inception was -52.64%, which is greater than VOO's maximum drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for XCG.TO and VOO.

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Drawdown Indicators

XCG.TOVOODifference

Max Drawdown

Largest peak-to-trough decline

-52.64%

-27.65%

-24.99%

Max Drawdown (1Y)

Largest decline over 1 year

-15.27%

-8.62%

-6.65%

Max Drawdown (3Y)

Largest decline over 3 years

-15.27%

-18.93%

+3.66%

Max Drawdown (5Y)

Largest decline over 5 years

-21.61%

-22.08%

+0.47%

Max Drawdown (10Y)

Largest decline over 10 years

-32.14%

-27.65%

-4.49%

Current Drawdown

Current decline from peak

-6.45%

-0.29%

-6.16%

Average Drawdown

Average peak-to-trough decline

-10.87%

-3.24%

-7.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.26%

2.26%

+3.00%

Volatility

XCG.TO vs. VOO - Volatility Comparison

iShares Canadian Growth Index ETF (XCG.TO) has a higher volatility of 5.11% compared to Vanguard S&P 500 ETF (VOO) at 2.73%. This indicates that XCG.TO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCG.TOVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.11%

2.73%

+2.38%

Volatility (6M)

Calculated over the trailing 6-month period

17.02%

8.83%

+8.19%

Volatility (1Y)

Calculated over the trailing 1-year period

20.07%

11.65%

+8.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.88%

14.92%

+0.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.48%

16.28%

+0.20%

XCG.TO vs. VOO - Expense Ratio Comparison

XCG.TO has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

XCG.TO vs. VOO - Dividend Comparison

XCG.TO's dividend yield for the trailing twelve months is around 0.49%, less than VOO's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
VOO
Vanguard S&P 500 ETF		1.02%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%
XCG.TO
iShares Canadian Growth Index ETF		0.49%0.45%0.60%1.33%1.59%1.46%1.69%1.53%1.65%1.03%0.97%0.72%

Frequently Asked Questions

XCG.TO and VOO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOO is cheaper with a 0.03% expense ratio, compared with 0.55% for XCG.TO.

XCG.TO is categorized as Canada Equities, while VOO is S&P 500. XCG.TO tracks Morningstar Canada GR CAD, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.55% for XCG.TO and 0.03% for VOO.

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