XCS.TO vs. ^DJI
XCS.TO (iShares S&P/TSX SmallCap Index ETF) is Canada Equities fund tracking the Morningstar Canada Sml GR CAD, while ^DJI (Dow Jones Industrial Average) is an index. Over the past 10 years, XCS.TO returned 9.94%/yr vs 11.83%/yr for ^DJI. At a 0.27 correlation, their price movements are largely independent.
Performance
XCS.TO vs. ^DJI - Performance Comparison
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Different Trading Currencies
XCS.TO is traded in CAD, while ^DJI is traded in USD. To make them comparable, the ^DJI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCS.TO achieves a 23.53% return, which is significantly higher than ^DJI's 6.80% return. Over the past 10 years, XCS.TO has underperformed ^DJI with an annualized return of 9.94%, while ^DJI has yielded a comparatively higher 11.83% annualized return.
XCS.TO
- 1D
- -1.30%
- 1M
- 4.71%
- YTD
- 23.53%
- 6M
- 21.57%
- 1Y
- 62.19%
- 3Y*
- 29.24%
- 5Y*
- 12.30%
- 10Y*
- 9.94%
^DJI
- 1D
- -0.80%
- 1M
- 5.63%
- YTD
- 6.80%
- 6M
- 5.45%
- 1Y
- 20.75%
- 3Y*
- 15.84%
- 5Y*
- 10.92%
- 10Y*
- 11.83%
XCS.TO vs. ^DJI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCS.TO iShares S&P/TSX SmallCap Index ETF | 23.53% | 43.37% | 18.11% | 4.17% | -8.95% | 7.46% | 13.10% | 17.62% | -19.51% | 2.27% |
^DJI Dow Jones Industrial Average | 6.80% | 7.79% | 22.58% | 11.20% | -2.28% | 17.65% | 5.43% | 16.32% | 2.37% | 17.12% |
Correlation
The correlation between XCS.TO and ^DJI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.27 |
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Return for Risk
XCS.TO vs. ^DJI — Risk / Return Rank
XCS.TO
^DJI
XCS.TO vs. ^DJI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX SmallCap Index ETF (XCS.TO) and Dow Jones Industrial Average (^DJI). 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.
| XCS.TO | ^DJI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.31 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 2.26 | +2.02 |
| Martin ratioReturn relative to average drawdown | 14.67 | 7.93 | +6.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCS.TO | ^DJI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 1.73 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.84 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.74 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.87 | -0.63 |
Drawdowns
XCS.TO vs. ^DJI - Drawdown Comparison
The maximum XCS.TO drawdown since its inception was -61.18%, which is greater than ^DJI's maximum drawdown of -31.18%. Use the drawdown chart below to compare losses from any high point for XCS.TO and ^DJI.
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Drawdown Indicators
| XCS.TO | ^DJI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.18% | -31.18% | -30.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -9.20% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -18.73% | +3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -34.63% | -18.73% | -15.90% |
Max Drawdown (10Y)Largest decline over 10 years | -50.44% | -31.18% | -19.26% |
Current DrawdownCurrent decline from peak | -1.30% | -0.80% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -3.13% | -13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 2.62% | +1.63% |
Volatility
XCS.TO vs. ^DJI - Volatility Comparison
iShares S&P/TSX SmallCap Index ETF (XCS.TO) has a higher volatility of 4.56% compared to Dow Jones Industrial Average (^DJI) at 2.85%. This indicates that XCS.TO's price experiences larger fluctuations and is considered to be riskier than ^DJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCS.TO | ^DJI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 2.85% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 17.35% | 9.37% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 12.06% | +9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 13.08% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.41% | 15.95% | +4.46% |
Frequently Asked Questions
XCS.TO and ^DJI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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