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 8.70%/yr vs 12.68%/yr for ^DJI. At a 0.37 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 13.79% return, which is significantly higher than ^DJI's 11.93% return. Over the past 10 years, XCS.TO has underperformed ^DJI with an annualized return of 8.70%, while ^DJI has yielded a comparatively higher 12.68% annualized return.
XCS.TO
- 1D
- -2.05%
- 1M
- -5.74%
- YTD
- 13.79%
- 6M
- 7.55%
- 1Y
- 40.74%
- 3Y*
- 26.09%
- 5Y*
- 9.60%
- 10Y*
- 8.70%
^DJI
- 1D
- 0.72%
- 1M
- 5.74%
- YTD
- 11.93%
- 6M
- 10.47%
- 1Y
- 24.55%
- 3Y*
- 18.44%
- 5Y*
- 11.67%
- 10Y*
- 12.68%
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 | 13.79% | 37.65% | 18.11% | 4.17% | -8.97% | 7.71% | 13.37% | 6.12% | -10.40% | 2.51% |
^DJI Dow Jones Industrial Average | 11.93% | 7.82% | 22.44% | 11.00% | -3.00% | 18.67% | 4.70% | 17.30% | 2.30% | 16.61% |
Correlation
The correlation between XCS.TO and ^DJI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 18, 2007 | 0.37 |
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XCS.TO | ^DJI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.64 | +0.16 |
| Martin ratioReturn relative to average drawdown | 8.78 | 9.01 | -0.23 |
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Drawdowns
XCS.TO vs. ^DJI - Drawdown Comparison
The maximum XCS.TO drawdown since its inception was -62.43%, which is greater than ^DJI's maximum drawdown of -43.42%. 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 | -62.43% | -43.42% | -19.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -9.33% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -18.01% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | -18.01% | -17.07% |
Max Drawdown (10Y)Largest decline over 10 years | -51.50% | -31.55% | -19.95% |
Current DrawdownCurrent decline from peak | -9.08% | 0.00% | -9.08% |
Average DrawdownAverage peak-to-trough decline | -17.47% | -8.63% | -8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 2.73% | +1.92% |
Volatility
XCS.TO vs. ^DJI - Volatility Comparison
iShares S&P/TSX SmallCap Index ETF (XCS.TO) has a higher volatility of 8.01% compared to Dow Jones Industrial Average (^DJI) at 4.43%. 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 | 8.01% | 4.43% | +3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 19.33% | 10.41% | +8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 12.86% | +10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 15.92% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.36% | 18.64% | +5.72% |
Frequently Asked Questions
XCS.TO and ^DJI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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