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 6.46%/yr vs 13.80%/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 -11.32% return, which is significantly lower than ^GSPC's 11.42% return. Over the past 10 years, XID.TO has underperformed ^GSPC with an annualized return of 6.46%, while ^GSPC has yielded a comparatively higher 13.80% annualized return.
XID.TO
- 1D
- 0.99%
- 1M
- -3.90%
- 6M
- -6.43%
- YTD
- -11.32%
- 1Y
- -10.14%
- 3Y*
- 2.31%
- 5Y*
- 4.06%
- 10Y*
- 6.46%
- ALL TIME*
- 6.59%
^GSPC
- 1D
- 0.10%
- 1M
- -0.10%
- 6M
- 9.57%
- YTD
- 11.42%
- 1Y
- 20.68%
- 3Y*
- 20.18%
- 5Y*
- 13.51%
- 10Y*
- 13.80%
- ALL TIME*
- 9.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | CA$51.90T | CA$55.68T | CA$57.31T |
XID.TO iShares India Index ETF | CA$127.82K | CA$143.30K | CA$200.73K |
XID.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XID.TO iShares India Index ETF | -11.32% | -0.28% | 12.36% | 14.07% | -0.64% | 17.51% | 7.86% | 4.33% | 3.72% | 26.88% |
^GSPC S&P 500 Index | 11.42% | 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 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
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 | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.28 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.26 | -2.81 |
| Martin ratioReturn relative to average drawdown | -1.04 | 8.29 | -9.33 |
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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 | -15.99% | -2.64% | -13.35% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -9.62% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 2.50% | +7.26% |
Volatility
XID.TO vs. ^GSPC - Volatility Comparison
iShares India Index ETF (XID.TO) has a higher volatility of 3.65% compared to S&P 500 Index (^GSPC) at 3.09%. This indicates that XID.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
| XID.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.09% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 10.29% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 13.07% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 17.97% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 19.15% | -0.98% |
Frequently Asked Questions
XID.TO and ^GSPC have a correlation of 0.39, 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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