XHC.TO vs. ^GSPC
XHC.TO (iShares Global Healthcare Index ETF (CAD-Hedged)) is Health & Biotech Equities fund tracking the Morningstar Gbl GR CAD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XHC.TO returned 6.93%/yr vs 14.03%/yr for ^GSPC. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
XHC.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XHC.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XHC.TO achieves a 2.01% return, which is significantly lower than ^GSPC's 12.74% return. Over the past 10 years, XHC.TO has underperformed ^GSPC with an annualized return of 6.93%, while ^GSPC has yielded a comparatively higher 14.03% annualized return.
XHC.TO
- 1D
- 0.65%
- 1M
- 6.31%
- 6M
- 1.16%
- YTD
- 2.01%
- 1Y
- 18.86%
- 3Y*
- 4.52%
- 5Y*
- 3.21%
- 10Y*
- 6.93%
- ALL TIME*
- 10.31%
^GSPC
- 1D
- 1.29%
- 1M
- -0.06%
- 6M
- 12.08%
- YTD
- 12.74%
- 1Y
- 22.13%
- 3Y*
- 20.93%
- 5Y*
- 14.00%
- 10Y*
- 14.03%
- ALL TIME*
- 9.23%
XHC.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged) | 2.01% | 10.91% | 1.22% | 2.14% | -3.57% | 17.32% | 8.71% | 22.47% | 2.20% | 16.83% |
^GSPC S&P 500 Index | 12.71% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
Correlation
The correlation between XHC.TO and ^GSPC 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 | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2011 | 0.57 |
Over the past year, the correlation between XHC.TO and ^GSPC has dropped to 0.28 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
XHC.TO vs. ^GSPC — Risk / Return Rank
XHC.TO
^GSPC
XHC.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) and S&P 500 Index (^GSPC). 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.
| XHC.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.42 | -0.67 |
| Martin ratioReturn relative to average drawdown | 4.15 | 8.92 | -4.77 |
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Drawdowns
XHC.TO vs. ^GSPC - Drawdown Comparison
The maximum XHC.TO drawdown since its inception was -27.28%, smaller than the maximum ^GSPC drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for XHC.TO and ^GSPC.
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Drawdown Indicators
| XHC.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -48.87% | +21.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -9.17% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -19.59% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -23.14% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | -27.97% | +0.69% |
Current DrawdownCurrent decline from peak | -3.48% | -1.49% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -9.62% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.49% | +2.07% |
Volatility
XHC.TO vs. ^GSPC - Volatility Comparison
iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) has a higher volatility of 6.16% compared to S&P 500 Index (^GSPC) at 3.21%. This indicates that XHC.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHC.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 3.21% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 10.49% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 13.00% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 17.92% | -3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 19.13% | -3.27% |
Frequently Asked Questions
XHC.TO and ^GSPC 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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