XHU.TO vs. XUS-U.TO

Last updated Jun 25, 2026

XHU.TO (iShares U.S. High Dividend Equity Index ETF) and XUS-U.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - XHU.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while XUS-U.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XHU.TO returned 9.28%/yr vs 15.94%/yr for XUS-U.TO. At a 0.28 correlation, their price movements are largely independent. XHU.TO charges 0.34%/yr vs 0.09%/yr for XUS-U.TO.

Performance

XHU.TO vs. XUS-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. High Dividend Equity Index ETF (XHU.TO) and iShares Core S&P 500 Index ETF (XUS-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XHU.TO is traded in CAD, while XUS-U.TO is traded in USD. To make them comparable, the XUS-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XHU.TO achieves a 10.26% return, which is significantly lower than XUS-U.TO's 11.34% return.

XHU.TO

• 1D: 0.38%
• 1M: 1.25%
• YTD: 10.26%
• 6M: 10.58%
• 1Y: 9.53%
• 3Y*: 10.63%
• 5Y*: 9.28%
• 10Y*: 6.86%

XUS-U.TO

• 1D: 0.15%
• 1M: 0.56%
• YTD: 11.34%
• 6M: 10.63%
• 1Y: 26.12%
• 3Y*: 23.55%
• 5Y*: 15.94%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XHU.TO vs. XUS-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XHU.TO iShares U.S. High Dividend Equity Index ETF	10.26%	-0.30%	16.81%	-1.38%	7.44%	23.97%	-9.13%	3.56%
XUS-U.TO iShares Core S&P 500 Index ETF	11.34%	12.68%	35.30%	23.54%	-13.58%	27.66%	15.58%	6.80%

Correlation

The correlation between XHU.TO and XUS-U.TO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 15, 2019	0.28

Over the past year, the correlation between XHU.TO and XUS-U.TO has dropped to 0.00 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.

Return for Risk

XHU.TO vs. XUS-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHU.TO

XHU.TO Risk / Return Rank: 19
XHU.TO Sharpe Ratio Rank: 19
XHU.TO Sortino Ratio Rank: 17
XHU.TO Omega Ratio Rank: 23
XHU.TO Calmar Ratio Rank: 17
XHU.TO Martin Ratio Rank: 21

XUS-U.TO

XUS-U.TO Risk / Return Rank: 59
XUS-U.TO Sharpe Ratio Rank: 58
XUS-U.TO Sortino Ratio Rank: 58
XUS-U.TO Omega Ratio Rank: 58
XUS-U.TO Calmar Ratio Rank: 53
XUS-U.TO Martin Ratio Rank: 66

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.

XHU.TO vs. XUS-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Dividend Equity Index ETF (XHU.TO) and iShares Core S&P 500 Index ETF (XUS-U.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.

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.

	XHU.TO	XUS-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.58	2.05	-1.47
Sortino ratio: Return per unit of downside risk	0.83	2.92	-2.09
Omega ratio: Gain probability vs. loss probability	1.15	1.36	-0.21
Calmar ratio: Return relative to maximum drawdown	0.68	2.85	-2.17
Martin ratio: Return relative to average drawdown	2.26	10.99	-8.73

XHU.TO vs. XUS-U.TO - Sharpe Ratio Comparison

The current XHU.TO Sharpe Ratio is 0.58, which is lower than the XUS-U.TO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of XHU.TO and XUS-U.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.

Drawdowns

XHU.TO vs. XUS-U.TO - Drawdown Comparison

The maximum XHU.TO drawdown since its inception was -32.53%, which is greater than XUS-U.TO's maximum drawdown of -27.50%. Use the drawdown chart below to compare losses from any high point for XHU.TO and XUS-U.TO.

Drawdown Indicators

	XHU.TO	XUS-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-27.50%	-5.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.16%	-9.21%	-4.95%
Max Drawdown (3Y) Largest decline over 3 years	-15.05%	-19.42%	+4.37%
Max Drawdown (5Y) Largest decline over 5 years	-15.05%	-23.19%	+8.14%
Max Drawdown (10Y) Largest decline over 10 years	-32.53%	—	—
Current Drawdown Current decline from peak	-0.42%	-1.35%	+0.93%
Average Drawdown Average peak-to-trough decline	-5.88%	-4.63%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	2.38%	+1.85%

Volatility

XHU.TO vs. XUS-U.TO - Volatility Comparison

The current volatility for iShares U.S. High Dividend Equity Index ETF (XHU.TO) is 2.83%, while iShares Core S&P 500 Index ETF (XUS-U.TO) has a volatility of 4.74%. This indicates that XHU.TO experiences smaller price fluctuations and is considered to be less risky than XUS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHU.TO	XUS-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	4.74%	-1.91%
Volatility (6M) Calculated over the trailing 6-month period	15.53%	10.33%	+5.20%
Volatility (1Y) Calculated over the trailing 1-year period	16.51%	12.86%	+3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	17.63%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.31%	19.83%	+8.48%

XHU.TO vs. XUS-U.TO - Expense Ratio Comparison

XHU.TO has a 0.34% expense ratio, which is higher than XUS-U.TO's 0.09% expense ratio.

Dividends

XHU.TO vs. XUS-U.TO - Dividend Comparison

XHU.TO's dividend yield for the trailing twelve months is around 2.45%, more than XUS-U.TO's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XHU.TO iShares U.S. High Dividend Equity Index ETF	2.45%	2.74%	2.84%	3.00%	2.75%	2.60%	3.33%	2.36%	2.66%	2.37%	2.49%	2.41%
XUS-U.TO iShares Core S&P 500 Index ETF	1.16%	1.25%	1.04%	1.19%	1.38%	0.89%	1.20%	0.05%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XHU.TO and XUS-U.TO in my portfolio?

XHU.TO and XUS-U.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XHU.TO or XUS-U.TO?

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

Which ETF is cheaper, XHU.TO or XUS-U.TO?

XUS-U.TO is cheaper with a 0.09% expense ratio, compared with 0.34% for XHU.TO.

What is the main difference between XHU.TO and XUS-U.TO?

XHU.TO is categorized as Large Cap Blend Equities, while XUS-U.TO is S&P 500. XHU.TO tracks Morningstar US Market TR CAD, while XUS-U.TO tracks S&P 500 Index. Their fees differ too: 0.34% for XHU.TO and 0.09% for XUS-U.TO.