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

XIU.TO vs. SMH

Last updated Jun 9, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past 10 years, XIU.TO returned 12.76%/yr vs 38.17%/yr for SMH. At a 0.48 correlation, their price movements are largely independent. XIU.TO charges 0.18%/yr vs 0.35%/yr for SMH.

Performance

XIU.TO vs. SMH - 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 VanEck Semiconductor ETF (SMH). 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 SMH is traded in USD. To make them comparable, the SMH 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 SMH's 69.06% return. Over the past 10 years, XIU.TO has underperformed SMH with an annualized return of 12.76%, while SMH has yielded a comparatively higher 38.17% 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%

SMH

1D
5.25%
1M
7.74%
YTD
69.06%
6M
64.04%
1Y
142.15%
3Y*
62.71%
5Y*
41.82%
10Y*
38.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. SMH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SMH
VanEck Semiconductor ETF		69.06%42.36%50.88%69.25%-29.32%42.06%51.84%57.67%-1.41%29.10%

Correlation

The correlation between XIU.TO and SMH is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.40

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

0.43

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

0.50

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

0.50

Correlation (All Time)
Calculated using the full available price history since Jul 7, 2006

0.48

The correlation between XIU.TO and SMH shifts across timeframes, from 0.40 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

XIU.TO vs. SMH - Sectors Allocation Comparison

Sectors
XIU.TO
SMH

Financial Services

39.4%

-

Energy

18.6%

-

Basic Materials

13.3%

-

Technology

8.8%
100.0%

Industrials

7.9%

-

Consumer Cyclical

4.1%

-

Consumer Defensive

3.2%

-

Utilities

2.6%

-

Communication Services

2.0%

-

Real Estate

0.2%

-

Healthcare

-

-

Financial Services

XIU.TO
39.4%
SMH

-

Energy

XIU.TO
18.6%
SMH

-

Basic Materials

XIU.TO
13.3%
SMH

-

Technology

XIU.TO
8.8%
SMH
100.0%

Industrials

XIU.TO
7.9%
SMH

-

Consumer Cyclical

XIU.TO
4.1%
SMH

-

Consumer Defensive

XIU.TO
3.2%
SMH

-

Utilities

XIU.TO
2.6%
SMH

-

Communication Services

XIU.TO
2.0%
SMH

-

Real Estate

XIU.TO
0.2%
SMH

-

Healthcare

XIU.TO

-

SMH

-

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

VanEck Semiconductor 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 SMH:
SMH vs. SOXXSMH vs. QQQSMH vs. VGTSMH vs. FSELXSMH vs. SPYSMH vs. SMHXSMH vs. XLK

Return for Risk

XIU.TO vs. SMH — 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: 8686
Overall Rank
XIU.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9090
Martin Ratio Rank
SMH
SMH Risk / Return Rank: 9696
Overall Rank
SMH Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SMH Sortino Ratio Rank: 9393
Sortino Ratio Rank
SMH Omega Ratio Rank: 9494
Omega Ratio Rank
SMH Calmar Ratio Rank: 9797
Calmar Ratio Rank
SMH Martin Ratio Rank: 9696
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. SMH - 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 VanEck Semiconductor ETF (SMH). 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.TOSMHDifference
Sharpe ratioReturn per unit of total volatility
2.62
4.40

-1.78

Sortino ratioReturn per unit of downside risk
3.49
4.48

-0.99

Omega ratioGain probability vs. loss probability

1.47

1.63

-0.16

Calmar ratioReturn relative to maximum drawdown

4.09

10.44

-6.35

Martin ratioReturn relative to average drawdown

18.93

37.54

-18.61

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. SMH - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.62, which is lower than the SMH Sharpe Ratio of 4.40. The chart below compares the historical Sharpe Ratios of XIU.TO and SMH, 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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Sharpe Ratios by Period

XIU.TOSMHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

4.40

-1.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.17

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

1.14

-0.29

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.62

-0.07

Drawdowns

XIU.TO vs. SMH - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, smaller than the maximum SMH drawdown of -65.72%. Use the drawdown chart below to compare losses from any high point for XIU.TO and SMH.

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Drawdown Indicators

XIU.TOSMHDifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-65.72%

+18.74%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-13.69%

+6.04%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-33.72%

+21.36%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-41.26%

+24.90%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-41.26%

+5.80%

Current Drawdown

Current decline from peak

-1.68%

-5.59%

+3.91%

Average Drawdown

Average peak-to-trough decline

-6.85%

-19.95%

+13.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

3.80%

-2.15%

Volatility

XIU.TO vs. SMH - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 3.96%, while VanEck Semiconductor ETF (SMH) has a volatility of 15.62%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOSMHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

15.62%

-11.66%

Volatility (6M)

Calculated over the trailing 6-month period

9.56%

26.92%

-17.36%

Volatility (1Y)

Calculated over the trailing 1-year period

11.97%

32.54%

-20.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.82%

35.90%

-23.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

33.51%

-18.49%

XIU.TO vs. SMH - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is lower than SMH's 0.35% expense ratio.

Dividends

XIU.TO vs. SMH - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.21%, more than SMH's 0.18% yield.

PositionTTM20252024202320222021202020192018201720162015
SMH
VanEck Semiconductor ETF		0.18%0.31%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%
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

XIU.TO and SMH have a correlation of 0.40, 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 0.35% for SMH.

XIU.TO is categorized as Canada Equities, while SMH is Semiconductors. XIU.TO tracks S&P/TSX 60 Index, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.18% for XIU.TO and 0.35% for SMH.

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