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

XIU.TO vs. SPMO

Last updated Jun 9, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, XIU.TO returned 12.76%/yr vs 21.47%/yr for SPMO. At a 0.49 correlation, their price movements are largely independent. XIU.TO charges 0.18%/yr vs 0.13%/yr for SPMO.

Performance

XIU.TO vs. SPMO - 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 Invesco S&P 500 Momentum ETF (SPMO). 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 SPMO is traded in USD. To make them comparable, the SPMO 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 SPMO's 26.51% return. Over the past 10 years, XIU.TO has underperformed SPMO with an annualized return of 12.76%, while SPMO has yielded a comparatively higher 21.47% 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%

SPMO

1D
2.74%
1M
4.93%
YTD
26.51%
6M
23.79%
1Y
42.32%
3Y*
42.28%
5Y*
26.57%
10Y*
21.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. SPMO - 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%
SPMO
Invesco S&P 500 Momentum ETF		26.55%20.80%58.16%14.76%-4.78%22.58%25.21%20.74%7.41%19.11%

Correlation

The correlation between XIU.TO and SPMO is 0.51, 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

0.51

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

0.51

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

0.57

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

0.52

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2015

0.49

The correlation between XIU.TO and SPMO has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.

XIU.TO vs. SPMO - Sectors Allocation Comparison

Sectors
XIU.TO
SPMO

Financial Services

39.4%
5.7%

Energy

18.6%
3.1%

Basic Materials

13.3%
1.6%

Technology

8.8%
54.8%

Industrials

7.9%
10.9%

Consumer Cyclical

4.1%
1.3%

Consumer Defensive

3.2%
4.0%

Utilities

2.6%
2.5%

Communication Services

2.0%
8.7%

Real Estate

0.2%
0.9%

Healthcare

-

6.2%

Financial Services

XIU.TO
39.4%
SPMO
5.7%

Energy

XIU.TO
18.6%
SPMO
3.1%

Basic Materials

XIU.TO
13.3%
SPMO
1.6%

Technology

XIU.TO
8.8%
SPMO
54.8%

Industrials

XIU.TO
7.9%
SPMO
10.9%

Consumer Cyclical

XIU.TO
4.1%
SPMO
1.3%

Consumer Defensive

XIU.TO
3.2%
SPMO
4.0%

Utilities

XIU.TO
2.6%
SPMO
2.5%

Communication Services

XIU.TO
2.0%
SPMO
8.7%

Real Estate

XIU.TO
0.2%
SPMO
0.9%

Healthcare

XIU.TO

-

SPMO
6.2%

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

Invesco S&P 500 Momentum 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 SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

XIU.TO vs. SPMO — 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
SPMO
SPMO Risk / Return Rank: 7171
Overall Rank
SPMO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 6868
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7373
Omega Ratio Rank
SPMO Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7171
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. SPMO - 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 Invesco S&P 500 Momentum ETF (SPMO). 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.TOSPMODifference
Sharpe ratioReturn per unit of total volatility
2.62
2.25

+0.37

Sortino ratioReturn per unit of downside risk
3.49
2.98

+0.51

Omega ratioGain probability vs. loss probability

1.47

1.40

+0.07

Calmar ratioReturn relative to maximum drawdown

4.09

3.28

+0.81

Martin ratioReturn relative to average drawdown

18.93

11.06

+7.86

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. SPMO - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.62, which is comparable to the SPMO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of XIU.TO and SPMO, 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.TOSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

2.25

+0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.31

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

1.00

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.96

-0.42

Drawdowns

XIU.TO vs. SPMO - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than SPMO's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for XIU.TO and SPMO.

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Drawdown Indicators

XIU.TOSPMODifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-26.80%

-20.18%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-12.95%

+5.30%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-21.35%

+8.99%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-21.43%

+5.07%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-26.80%

-8.66%

Current Drawdown

Current decline from peak

-1.68%

-4.00%

+2.32%

Average Drawdown

Average peak-to-trough decline

-6.85%

-4.17%

-2.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

3.84%

-2.19%

Volatility

XIU.TO vs. SPMO - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 3.96%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 9.54%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

9.54%

-5.58%

Volatility (6M)

Calculated over the trailing 6-month period

9.56%

16.09%

-6.53%

Volatility (1Y)

Calculated over the trailing 1-year period

11.97%

18.96%

-6.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.82%

20.40%

-7.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

21.50%

-6.48%

XIU.TO vs. SPMO - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is higher than SPMO's 0.13% 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. SPMO - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.21%, more than SPMO's 0.69% yield.

PositionTTM20252024202320222021202020192018201720162015
SPMO
Invesco S&P 500 Momentum ETF		0.69%0.73%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%
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 SPMO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.18% for XIU.TO.

XIU.TO is categorized as Canada Equities, while SPMO is Momentum. XIU.TO tracks S&P/TSX 60 Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for XIU.TO and 0.13% for SPMO.

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