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

XIU.TO vs. IVLU

Last updated Jun 14, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and IVLU (iShares MSCI International Value Factor ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index. Both are passively managed. Over the past 10 years, XIU.TO returned 13.04%/yr vs 12.59%/yr for IVLU. A 0.58 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.30%/yr for IVLU.

Performance

XIU.TO vs. IVLU - 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 MSCI International Value Factor ETF (IVLU). 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 IVLU is traded in USD. To make them comparable, the IVLU 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 IVLU's 15.25% return. Both investments have delivered pretty close results over the past 10 years, with XIU.TO having a 13.04% annualized return and IVLU not far behind at 12.59%.

XIU.TO

1D
0.62%
1M
4.44%
YTD
11.35%
6M
12.04%
1Y
32.96%
3Y*
22.94%
5Y*
14.53%
10Y*
13.04%

IVLU

1D
0.75%
1M
2.62%
YTD
15.25%
6M
15.97%
1Y
39.06%
3Y*
25.38%
5Y*
17.40%
10Y*
12.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. IVLU - 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%
IVLU
iShares MSCI International Value Factor ETF		15.25%39.42%15.81%17.21%0.24%15.55%-6.76%10.84%-7.97%14.76%

Correlation

The correlation between XIU.TO and IVLU is 0.57, 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

0.57

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

0.61

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

0.63

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

0.61

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2015

0.58

The correlation between XIU.TO and IVLU has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

XIU.TO vs. IVLU - Sectors Allocation Comparison

Sectors
XIU.TO
IVLU

Financial Services

39.4%
26.5%

Energy

18.6%
5.5%

Basic Materials

13.3%
7.4%

Technology

8.8%
10.6%

Industrials

7.9%
18.8%

Consumer Cyclical

4.1%
7.6%

Consumer Defensive

3.2%
6.0%

Utilities

2.6%
3.6%

Communication Services

2.0%
3.7%

Real Estate

0.2%
1.4%

Healthcare

-

9.0%

Financial Services

XIU.TO
39.4%
IVLU
26.5%

Energy

XIU.TO
18.6%
IVLU
5.5%

Basic Materials

XIU.TO
13.3%
IVLU
7.4%

Technology

XIU.TO
8.8%
IVLU
10.6%

Industrials

XIU.TO
7.9%
IVLU
18.8%

Consumer Cyclical

XIU.TO
4.1%
IVLU
7.6%

Consumer Defensive

XIU.TO
3.2%
IVLU
6.0%

Utilities

XIU.TO
2.6%
IVLU
3.6%

Communication Services

XIU.TO
2.0%
IVLU
3.7%

Real Estate

XIU.TO
0.2%
IVLU
1.4%

Healthcare

XIU.TO

-

IVLU
9.0%

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 MSCI International Value Factor 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 IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX

Return for Risk

XIU.TO vs. IVLU — 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
IVLU
IVLU Risk / Return Rank: 7373
Overall Rank
IVLU Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7777
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7676
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6767
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6969
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. IVLU - 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 MSCI International Value Factor ETF (IVLU). 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.TOIVLUDifference
Sharpe ratioReturn per unit of total volatility
2.71
2.30

+0.40

Sortino ratioReturn per unit of downside risk
3.61
3.14

+0.46

Omega ratioGain probability vs. loss probability

1.49

1.40

+0.09

Calmar ratioReturn relative to maximum drawdown

4.26

3.22

+1.03

Martin ratioReturn relative to average drawdown

19.57

12.32

+7.25

XIU.TO vs. IVLU - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.71, which is comparable to the IVLU Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of XIU.TO and IVLU, 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. IVLU - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than IVLU's maximum drawdown of -34.14%. Use the drawdown chart below to compare losses from any high point for XIU.TO and IVLU.

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Drawdown Indicators

XIU.TOIVLUDifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-34.14%

-12.84%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-11.47%

+3.82%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-15.85%

+3.49%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-20.32%

+3.96%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-34.14%

-1.32%

Current Drawdown

Current decline from peak

-0.19%

0.00%

-0.19%

Average Drawdown

Average peak-to-trough decline

-6.85%

-6.55%

-0.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

3.01%

-1.35%

Volatility

XIU.TO vs. IVLU - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 4.06%, while iShares MSCI International Value Factor ETF (IVLU) has a volatility of 5.61%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOIVLUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

5.61%

-1.55%

Volatility (6M)

Calculated over the trailing 6-month period

9.62%

13.20%

-3.58%

Volatility (1Y)

Calculated over the trailing 1-year period

12.03%

16.06%

-4.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.83%

17.64%

-4.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

18.66%

-3.64%

XIU.TO vs. IVLU - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is lower than IVLU's 0.30% expense ratio.

Dividends

XIU.TO vs. IVLU - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.18%, less than IVLU's 3.28% yield.

PositionTTM20252024202320222021202020192018201720162015
IVLU
iShares MSCI International Value Factor ETF		3.28%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%
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 IVLU have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.30% for IVLU.

XIU.TO is categorized as Canada Equities, while IVLU is Foreign Large Cap Equities. XIU.TO tracks S&P/TSX 60 Index, while IVLU tracks MSCI World ex USA Enhanced Value Index. Their fees differ too: 0.18% for XIU.TO and 0.30% for IVLU.

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