XIT.TO vs. SPY
Compare and contrast key facts about iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and SPDR S&P 500 ETF (SPY).
XIT.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XIT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Mar 19, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XIT.TO and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XIT.TO or SPY.
Key characteristics
| XIT.TO | SPY | |
|---|---|---|
| YTD Return | 8.15% | 18.86% |
| 1Y Return | 24.99% | 28.13% |
| 3Y Return (Ann) | -3.54% | 9.87% |
| 5Y Return (Ann) | 13.33% | 15.23% |
| 10Y Return (Ann) | 17.49% | 12.80% |
| Sharpe Ratio | 1.03 | 2.21 |
| Daily Std Dev | 21.82% | 12.60% |
| Max Drawdown | -81.18% | -55.19% |
| Current Drawdown | -11.40% | -0.61% |
Correlation
The correlation between XIT.TO and SPY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XIT.TO vs. SPY - Performance Comparison
In the year-to-date period, XIT.TO achieves a 8.15% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, XIT.TO has outperformed SPY with an annualized return of 17.49%, while SPY has yielded a comparatively lower 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XIT.TO vs. SPY - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XIT.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and SPDR S&P 500 ETF (SPY). 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.
Dividends
XIT.TO vs. SPY - Dividend Comparison
XIT.TO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.94%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.30% | 0.00% | 0.13% | 0.15% | 0.08% | 0.20% | 0.55% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XIT.TO vs. SPY - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -81.18%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XIT.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
XIT.TO vs. SPY - Volatility Comparison
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a higher volatility of 6.25% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that XIT.TO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.