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XGRO.TO vs. XSP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XGRO.TO vs. XSP.TO

Last updated Jun 5, 2026

XGRO.TO (iShares Core Growth ETF Portfolio) and XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) are both exchange-traded funds - XGRO.TO is a Diversified Portfolio fund actively managed by iShares, while XSP.TO is a S&P 500 fund tracking the S&P 500 Index. XGRO.TO is actively managed, while XSP.TO is passively managed. Over the past 10 years, XGRO.TO returned 10.17%/yr vs 13.78%/yr for XSP.TO. A 0.64 correlation means they provide meaningful diversification when combined. XGRO.TO charges 0.20%/yr vs 0.09%/yr for XSP.TO.

Performance

XGRO.TO vs. XSP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Growth ETF Portfolio (XGRO.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XGRO.TO achieves a 10.70% return, which is significantly higher than XSP.TO's 10.07% return. Over the past 10 years, XGRO.TO has underperformed XSP.TO with an annualized return of 10.17%, while XSP.TO has yielded a comparatively higher 13.78% annualized return.

XGRO.TO

1D
0.29%
1M
5.00%
YTD
10.70%
6M
8.71%
1Y
23.83%
3Y*
18.10%
5Y*
10.89%
10Y*
10.17%

XSP.TO

1D
0.39%
1M
4.54%
YTD
10.07%
6M
9.82%
1Y
25.62%
3Y*
20.50%
5Y*
12.27%
10Y*
13.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XGRO.TO vs. XSP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XGRO.TO
iShares Core Growth ETF Portfolio		10.70%15.59%19.53%15.01%-11.08%14.29%11.51%17.97%-6.73%11.61%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		10.07%15.68%23.39%24.33%-19.32%27.85%15.17%29.35%-6.26%20.71%

Correlation

The correlation between XGRO.TO and XSP.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

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

0.86

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

0.87

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

0.79

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2007

0.64

The correlation between XGRO.TO and XSP.TO shifts across timeframes, from 0.64 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.

XGRO.TO vs. XSP.TO - Sectors Allocation Comparison

Sectors
XGRO.TO
XSP.TO

Technology

25.8%
36.2%

Financial Services

20.3%
11.9%

Industrials

7.3%
8.1%

Energy

7.2%
3.5%

Communication Services

6.8%
10.9%

Consumer Cyclical

6.3%
10.1%

Basic Materials

5.6%
1.8%

Healthcare

5.1%
8.4%

Consumer Defensive

3.8%
4.9%

Utilities

1.5%
2.3%

Real Estate

0.4%
1.9%

Technology

XGRO.TO
25.8%
XSP.TO
36.2%

Financial Services

XGRO.TO
20.3%
XSP.TO
11.9%

Industrials

XGRO.TO
7.3%
XSP.TO
8.1%

Energy

XGRO.TO
7.2%
XSP.TO
3.5%

Communication Services

XGRO.TO
6.8%
XSP.TO
10.9%

Consumer Cyclical

XGRO.TO
6.3%
XSP.TO
10.1%

Basic Materials

XGRO.TO
5.6%
XSP.TO
1.8%

Healthcare

XGRO.TO
5.1%
XSP.TO
8.4%

Consumer Defensive

XGRO.TO
3.8%
XSP.TO
4.9%

Utilities

XGRO.TO
1.5%
XSP.TO
2.3%

Real Estate

XGRO.TO
0.4%
XSP.TO
1.9%

Compare stocks, funds, or ETFs

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iShares Core Growth ETF Portfolio

iShares Core S&P 500 Index ETF (CAD-Hedged)

Often compared with XGRO.TO:
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Often compared with XSP.TO:
XSP.TO vs. XUS.TOXSP.TO vs. XEQT.TOXSP.TO vs. ZSP.TOXSP.TO vs. VSP.TOXSP.TO vs. XIU.TOXSP.TO vs. VFVAXSP.TO vs. XQQ.TO

Return for Risk

XGRO.TO vs. XSP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XGRO.TO
XGRO.TO Risk / Return Rank: 7171
Overall Rank
XGRO.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
XGRO.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
XGRO.TO Omega Ratio Rank: 7272
Omega Ratio Rank
XGRO.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XGRO.TO Martin Ratio Rank: 7878
Martin Ratio Rank
XSP.TO
XSP.TO Risk / Return Rank: 6565
Overall Rank
XSP.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
XSP.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSP.TO Omega Ratio Rank: 6666
Omega Ratio Rank
XSP.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
XSP.TO Martin Ratio Rank: 6969
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.

XGRO.TO vs. XSP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth ETF Portfolio (XGRO.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.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.

XGRO.TOXSP.TODifference
Sharpe ratioReturn per unit of total volatility
2.22
2.19

+0.03

Sortino ratioReturn per unit of downside risk
3.13
3.01

+0.12

Omega ratioGain probability vs. loss probability

1.42

1.39

+0.03

Calmar ratioReturn relative to maximum drawdown

3.36

2.74

+0.62

Martin ratioReturn relative to average drawdown

14.92

12.64

+2.28

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

XGRO.TO vs. XSP.TO - Sharpe Ratio Comparison

The current XGRO.TO Sharpe Ratio is 2.22, which is comparable to the XSP.TO Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of XGRO.TO and XSP.TO, 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

XGRO.TOXSP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.22

2.19

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.99

0.74

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.76

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.37

-0.01

Drawdowns

XGRO.TO vs. XSP.TO - Drawdown Comparison

The maximum XGRO.TO drawdown since its inception was -47.97%, smaller than the maximum XSP.TO drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for XGRO.TO and XSP.TO.

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Drawdown Indicators

XGRO.TOXSP.TODifference

Max Drawdown

Largest peak-to-trough decline

-47.97%

-57.82%

+9.85%

Max Drawdown (1Y)

Largest decline over 1 year

-7.12%

-9.41%

+2.29%

Max Drawdown (3Y)

Largest decline over 3 years

-12.47%

-18.77%

+6.30%

Max Drawdown (5Y)

Largest decline over 5 years

-18.40%

-25.44%

+7.04%

Max Drawdown (10Y)

Largest decline over 10 years

-25.85%

-36.05%

+10.20%

Current Drawdown

Current decline from peak

0.00%

-0.34%

+0.34%

Average Drawdown

Average peak-to-trough decline

-8.49%

-12.11%

+3.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

2.03%

-0.43%

Volatility

XGRO.TO vs. XSP.TO - Volatility Comparison

iShares Core Growth ETF Portfolio (XGRO.TO) has a higher volatility of 3.40% compared to iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) at 3.20%. This indicates that XGRO.TO's price experiences larger fluctuations and is considered to be riskier than XSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XGRO.TOXSP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

3.20%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.20%

8.99%

+0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

10.78%

11.75%

-0.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.05%

16.74%

-5.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.26%

18.19%

-5.93%

XGRO.TO vs. XSP.TO - Expense Ratio Comparison

XGRO.TO has a 0.20% expense ratio, which is higher than XSP.TO'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%.

Dividends

XGRO.TO vs. XSP.TO - Dividend Comparison

XGRO.TO's dividend yield for the trailing twelve months is around 1.75%, more than XSP.TO's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
XGRO.TO
iShares Core Growth ETF Portfolio		1.75%1.92%1.98%2.22%1.86%1.66%1.94%2.21%7.42%2.04%2.65%2.15%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		1.12%1.23%1.09%1.18%1.37%1.00%1.31%1.73%1.84%1.47%1.75%1.86%

Frequently Asked Questions

XGRO.TO and XSP.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSP.TO is cheaper with a 0.09% expense ratio, compared with 0.20% for XGRO.TO.

XGRO.TO is categorized as Diversified Portfolio, while XSP.TO is S&P 500. Their fees differ too: 0.20% for XGRO.TO and 0.09% for XSP.TO.

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