XFN.TO vs. XUS.TO
XFN.TO (iShares S&P/TSX Capped Financials Index ETF) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - XFN.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XFN.TO returned 14.38%/yr vs 15.98%/yr for XUS.TO. A 0.53 correlation means they provide meaningful diversification when combined. XFN.TO charges 0.61%/yr vs 0.09%/yr for XUS.TO.
Performance
XFN.TO vs. XUS.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XFN.TO having a 12.51% return and XUS.TO slightly lower at 12.21%. Over the past 10 years, XFN.TO has underperformed XUS.TO with an annualized return of 14.38%, while XUS.TO has yielded a comparatively higher 15.98% annualized return.
XFN.TO
- 1D
- -0.55%
- 1M
- 5.10%
- YTD
- 12.51%
- 6M
- 17.66%
- 1Y
- 41.54%
- 3Y*
- 29.67%
- 5Y*
- 16.93%
- 10Y*
- 14.38%
XUS.TO
- 1D
- -0.31%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.39%
- 1Y
- 29.30%
- 3Y*
- 23.52%
- 5Y*
- 16.78%
- 10Y*
- 15.98%
XFN.TO vs. XUS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 12.51% | 34.40% | 29.32% | 13.09% | -9.92% | 35.57% | 0.99% | 20.66% | -9.76% | 12.54% |
XUS.TO iShares Core S&P 500 Index ETF | 12.21% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | 3.31% | 13.56% |
Correlation
The correlation between XFN.TO and XUS.TO is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | 0.53 |
The correlation between XFN.TO and XUS.TO shifts across timeframes, from 0.53 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
XFN.TO vs. XUS.TO - Sectors Allocation Comparison
Sectors
XFN.TO
XUS.TO
Financial Services
Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Healthcare
-
Industrials
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Real Estate
-
Technology
-
Utilities
-
Financial Services
XFN.TO
XUS.TO
Basic Materials
XFN.TO
-
XUS.TO
Communication Services
XFN.TO
-
XUS.TO
Consumer Cyclical
XFN.TO
-
XUS.TO
Consumer Defensive
XFN.TO
-
XUS.TO
Energy
XFN.TO
-
XUS.TO
Healthcare
XFN.TO
-
XUS.TO
Industrials
XFN.TO
-
XUS.TO
Real Estate
XFN.TO
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XUS.TO
Technology
XFN.TO
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XUS.TO
Utilities
XFN.TO
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XUS.TO
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Return for Risk
XFN.TO vs. XUS.TO — Risk / Return Rank
XFN.TO
XUS.TO
XFN.TO vs. XUS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and iShares Core S&P 500 Index ETF (XUS.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.
| XFN.TO | XUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.47 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.35 | 3.41 | +1.94 |
| Martin ratioReturn relative to average drawdown | 21.60 | 12.94 | +8.66 |
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
| XFN.TO | XUS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | 2.55 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 1.13 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.98 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.08 | -0.44 |
Drawdowns
XFN.TO vs. XUS.TO - Drawdown Comparison
The maximum XFN.TO drawdown since its inception was -56.55%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for XFN.TO and XUS.TO.
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Drawdown Indicators
| XFN.TO | XUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.55% | -27.23% | -29.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -8.63% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.37% | -18.96% | +6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -21.85% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | -27.23% | -12.70% |
Current DrawdownCurrent decline from peak | -1.39% | -0.31% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -3.46% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.27% | -0.34% |
Volatility
XFN.TO vs. XUS.TO - Volatility Comparison
iShares S&P/TSX Capped Financials Index ETF (XFN.TO) has a higher volatility of 4.19% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 3.19%. This indicates that XFN.TO's price experiences larger fluctuations and is considered to be riskier than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFN.TO | XUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.19% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 8.66% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 11.58% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 14.92% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 16.48% | +0.05% |
XFN.TO vs. XUS.TO - Expense Ratio Comparison
XFN.TO has a 0.61% expense ratio, which is higher than XUS.TO's 0.09% expense ratio.
Dividends
XFN.TO vs. XUS.TO - Dividend Comparison
XFN.TO's dividend yield for the trailing twelve months is around 2.17%, more than XUS.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 2.17% | 2.39% | 3.16% | 3.60% | 3.48% | 2.67% | 3.35% | 3.00% | 3.43% | 2.73% | 2.83% | 3.17% |
XUS.TO iShares Core S&P 500 Index ETF | 1.12% | 1.26% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% |
Frequently Asked Questions
XFN.TO and XUS.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.61% for XFN.TO.
XFN.TO is categorized as Financials Equities, while XUS.TO is S&P 500. XFN.TO tracks Morningstar Gbl Fin Svc GR CAD, while XUS.TO tracks S&P 500 Index. Their fees differ too: 0.61% for XFN.TO and 0.09% for XUS.TO.
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