XIU.TO vs. IYW

Last updated Jun 9, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, XIU.TO returned 12.76%/yr vs 26.67%/yr for IYW. A 0.52 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.38%/yr for IYW.

Performance

XIU.TO vs. IYW - 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 U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XIU.TO is traded in CAD, while IYW is traded in USD. To make them comparable, the IYW 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 9.69% return, which is significantly lower than IYW's 25.00% return. Over the past 10 years, XIU.TO has underperformed IYW with an annualized return of 12.76%, while IYW has yielded a comparatively higher 26.67% annualized return.

XIU.TO

• 1D: 0.26%
• 1M: 2.33%
• YTD: 9.69%
• 6M: 11.69%
• 1Y: 31.18%
• 3Y*: 22.55%
• 5Y*: 14.33%
• 10Y*: 12.76%

IYW

• 1D: 1.85%
• 1M: 4.82%
• YTD: 25.00%
• 6M: 21.11%
• 1Y: 53.11%
• 3Y*: 35.24%
• 5Y*: 25.03%
• 10Y*: 26.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. IYW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XIU.TO iShares S&P/TSX 60 Index ETF	9.69%	28.89%	20.73%	11.85%	-6.35%	28.06%	5.27%	21.81%	-7.82%	9.58%
IYW iShares U.S. Technology ETF	25.00%	19.66%	41.28%	61.50%	-30.70%	35.37%	43.95%	40.60%	7.40%	27.35%

Correlation

The correlation between XIU.TO and IYW is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006	0.52

The correlation between XIU.TO and IYW has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.

Return for Risk

XIU.TO vs. IYW — 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: 86
XIU.TO Sharpe Ratio Rank: 88
XIU.TO Sortino Ratio Rank: 86
XIU.TO Omega Ratio Rank: 85
XIU.TO Calmar Ratio Rank: 84
XIU.TO Martin Ratio Rank: 90

IYW

IYW Risk / Return Rank: 70
IYW Sharpe Ratio Rank: 82
IYW Sortino Ratio Rank: 73
IYW Omega Ratio Rank: 76
IYW Calmar Ratio Rank: 62
IYW Martin Ratio Rank: 58

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. IYW - 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 U.S. Technology ETF (IYW). 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.

	XIU.TO	IYW	Difference
Sharpe ratio: Return per unit of total volatility	2.62	2.53	+0.09
Sortino ratio: Return per unit of downside risk	3.49	3.14	+0.36
Omega ratio: Gain probability vs. loss probability	1.47	1.41	+0.06
Calmar ratio: Return relative to maximum drawdown	4.09	2.96	+1.14
Martin ratio: Return relative to average drawdown	18.93	8.76	+10.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIU.TO vs. IYW - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.62, which is comparable to the IYW Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XIU.TO and IYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XIU.TO	IYW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.53	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	0.94	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	1.03	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.66	-0.11

Drawdowns

XIU.TO vs. IYW - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than IYW's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for XIU.TO and IYW.

Drawdown Indicators

	XIU.TO	IYW	Difference
Max Drawdown Largest peak-to-trough decline	-46.98%	-42.37%	-4.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	-18.04%	+10.39%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-27.02%	+14.66%
Max Drawdown (5Y) Largest decline over 5 years	-16.36%	-35.52%	+19.16%
Max Drawdown (10Y) Largest decline over 10 years	-35.46%	-35.52%	+0.06%
Current Drawdown Current decline from peak	-1.68%	-5.01%	+3.33%
Average Drawdown Average peak-to-trough decline	-6.85%	-8.87%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	6.08%	-4.43%

Volatility

XIU.TO vs. IYW - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 3.96%, while iShares U.S. Technology ETF (IYW) has a volatility of 8.95%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIU.TO	IYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	8.95%	-4.99%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	17.27%	-7.71%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	21.16%	-9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	26.68%	-13.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	26.05%	-11.03%

XIU.TO vs. IYW - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is lower than IYW's 0.38% expense ratio.

Dividends

XIU.TO vs. IYW - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.21%, more than IYW's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYW iShares U.S. Technology ETF	0.11%	0.14%	0.21%	0.34%	0.50%	0.31%	0.56%	0.72%	0.92%	0.82%	1.14%	1.12%
XIU.TO iShares S&P/TSX 60 Index ETF	2.21%	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

Can I hold both XIU.TO and IYW in my portfolio?

XIU.TO and IYW have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XIU.TO or IYW?

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.

Which ETF is cheaper, XIU.TO or IYW?

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.38% for IYW.

What is the main difference between XIU.TO and IYW?

XIU.TO is categorized as Canada Equities, while IYW is Technology Equities. XIU.TO tracks S&P/TSX 60 Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.18% for XIU.TO and 0.38% for IYW.