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XIU.TO vs. IJR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIU.TO vs. IJR

Last updated Jun 13, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and IJR (iShares Core S&P Small-Cap ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, XIU.TO returned 13.04%/yr vs 12.12%/yr for IJR. A 0.60 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.06%/yr for IJR.

Performance

XIU.TO vs. IJR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares Core S&P Small-Cap ETF (IJR). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XIU.TO achieves a 11.35% return, which is significantly lower than IJR's 22.29% return. Over the past 10 years, XIU.TO has outperformed IJR with an annualized return of 13.04%, while IJR has yielded a comparatively lower 12.12% annualized return.

XIU.TO

1D
0.62%
1M
4.37%
YTD
11.35%
6M
12.04%
1Y
32.43%
3Y*
22.94%
5Y*
14.53%
10Y*
13.04%

IJR

1D
1.26%
1M
8.45%
YTD
22.29%
6M
18.26%
1Y
37.51%
3Y*
16.51%
5Y*
9.39%
10Y*
12.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. IJR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIU.TO
iShares S&P/TSX 60 Index ETF		11.35%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%
IJR
iShares Core S&P Small-Cap ETF		22.29%1.06%17.82%13.30%-10.89%26.52%8.64%17.76%-0.82%5.49%

Correlation

The correlation between XIU.TO and IJR is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (10Y)
Calculated over the trailing 10-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.60

The correlation between XIU.TO and IJR has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

XIU.TO vs. IJR - Sectors Allocation Comparison

Sectors
XIU.TO
IJR

Financial Services

39.4%
16.8%

Energy

18.6%
5.9%

Basic Materials

13.3%
5.1%

Technology

8.8%
15.5%

Industrials

7.9%
15.5%

Consumer Cyclical

4.1%
13.4%

Consumer Defensive

3.2%
3.5%

Utilities

2.6%
2.0%

Communication Services

2.0%
3.6%

Real Estate

0.2%
7.6%

Healthcare

-

11.1%

Financial Services

XIU.TO
39.4%
IJR
16.8%

Energy

XIU.TO
18.6%
IJR
5.9%

Basic Materials

XIU.TO
13.3%
IJR
5.1%

Technology

XIU.TO
8.8%
IJR
15.5%

Industrials

XIU.TO
7.9%
IJR
15.5%

Consumer Cyclical

XIU.TO
4.1%
IJR
13.4%

Consumer Defensive

XIU.TO
3.2%
IJR
3.5%

Utilities

XIU.TO
2.6%
IJR
2.0%

Communication Services

XIU.TO
2.0%
IJR
3.6%

Real Estate

XIU.TO
0.2%
IJR
7.6%

Healthcare

XIU.TO

-

IJR
11.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX 60 Index ETF

iShares Core S&P Small-Cap ETF

Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO
Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJSIJR vs. IJHIJR vs. SCHAIJR vs. VBR

Return for Risk

XIU.TO vs. IJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIU.TO
XIU.TO Risk / Return Rank: 8989
Overall Rank
XIU.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9292
Martin Ratio Rank
IJR
IJR Risk / Return Rank: 7474
Overall Rank
IJR Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 7272
Sortino Ratio Rank
IJR Omega Ratio Rank: 6464
Omega Ratio Rank
IJR Calmar Ratio Rank: 8484
Calmar Ratio Rank
IJR Martin Ratio Rank: 7979
Martin Ratio Rank
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.

XIU.TO vs. IJR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares Core S&P Small-Cap ETF (IJR). 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.

XIU.TOIJRDifference
Sharpe ratioReturn per unit of total volatility
2.71
2.04

+0.66

Sortino ratioReturn per unit of downside risk
3.61
2.95

+0.66

Omega ratioGain probability vs. loss probability

1.49

1.34

+0.14

Calmar ratioReturn relative to maximum drawdown

4.26

4.46

-0.20

Martin ratioReturn relative to average drawdown

19.57

15.00

+4.57

XIU.TO vs. IJR - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.71, which is higher than the IJR Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of XIU.TO and IJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XIU.TO vs. IJR - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, smaller than the maximum IJR drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for XIU.TO and IJR.

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Drawdown Indicators

XIU.TOIJRDifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-51.00%

+4.02%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-8.46%

+0.81%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-26.60%

+14.24%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-26.60%

+10.24%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-38.61%

+3.15%

Current Drawdown

Current decline from peak

-0.19%

0.00%

-0.19%

Average Drawdown

Average peak-to-trough decline

-6.85%

-9.29%

+2.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

2.52%

-0.86%

Volatility

XIU.TO vs. IJR - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 4.06%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 5.51%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOIJRDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

5.51%

-1.45%

Volatility (6M)

Calculated over the trailing 6-month period

9.62%

12.61%

-2.99%

Volatility (1Y)

Calculated over the trailing 1-year period

12.03%

18.45%

-6.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.83%

22.20%

-9.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

23.67%

-8.65%

XIU.TO vs. IJR - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is higher than IJR's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XIU.TO vs. IJR - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.18%, more than IJR's 1.11% yield.

PositionTTM20252024202320222021202020192018201720162015
IJR
iShares Core S&P Small-Cap ETF		1.11%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.18%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

XIU.TO and IJR have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IJR is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IJR is cheaper with a 0.06% expense ratio, compared with 0.18% for XIU.TO.

XIU.TO is categorized as Canada Equities, while IJR is Small Cap Blend Equities. XIU.TO tracks S&P/TSX 60 Index, while IJR tracks S&P SmallCap 600 Index. Their fees differ too: 0.18% for XIU.TO and 0.06% for IJR.

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