XID.TO vs. ^GSPC
XID.TO (iShares India Index ETF) is India Equities fund tracking the Morningstar Gbl GR CAD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XID.TO returned 7.40%/yr vs 14.59%/yr for ^GSPC. At a 0.37 correlation, their price movements are largely independent.
Performance
XID.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XID.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, XID.TO achieves a -8.10% return, which is significantly lower than ^GSPC's 13.49% return. Over the past 10 years, XID.TO has underperformed ^GSPC with an annualized return of 7.40%, while ^GSPC has yielded a comparatively higher 14.59% annualized return.
XID.TO
- 1D
- 0.20%
- 1M
- 7.07%
- 6M
- -8.48%
- YTD
- -8.10%
- 1Y
- -8.83%
- 3Y*
- 3.80%
- 5Y*
- 5.24%
- 10Y*
- 7.40%
^GSPC
- 1D
- 0.09%
- 1M
- 1.74%
- 6M
- 13.10%
- YTD
- 13.49%
- 1Y
- 24.70%
- 3Y*
- 21.69%
- 5Y*
- 14.46%
- 10Y*
- 14.59%
XID.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XID.TO iShares India Index ETF | -8.10% | -0.28% | 12.36% | 14.07% | -0.64% | 17.51% | 7.86% | 4.33% | 3.72% | 26.88% |
^GSPC S&P 500 Index | 13.49% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
Correlation
The correlation between XID.TO and ^GSPC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2010 | 0.37 |
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Return for Risk
XID.TO vs. ^GSPC — Risk / Return Rank
XID.TO
^GSPC
XID.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India Index ETF (XID.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.
| XID.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.35 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.76 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.95 | 10.23 | -11.17 |
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Drawdowns
XID.TO vs. ^GSPC - Drawdown Comparison
The maximum XID.TO drawdown since its inception was -42.26%, smaller than the maximum ^GSPC drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for XID.TO and ^GSPC.
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Drawdown Indicators
| XID.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.26% | -48.87% | +6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.75% | -9.17% | -9.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | -19.59% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -23.14% | +3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | -27.97% | -11.49% |
Current DrawdownCurrent decline from peak | -12.94% | -0.16% | -12.78% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -9.64% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 2.47% | +6.87% |
Volatility
XID.TO vs. ^GSPC - Volatility Comparison
The current volatility for iShares India Index ETF (XID.TO) is 3.62%, while S&P 500 Index (^GSPC) has a volatility of 5.24%. This indicates that XID.TO experiences smaller price fluctuations and is considered to be less risky 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
| XID.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 5.24% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 10.38% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 12.89% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 17.97% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 19.14% | -0.98% |
Frequently Asked Questions
XID.TO and ^GSPC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for XID.TO and ^GSPC
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