XIU.TO vs. SPY
Compare and contrast key facts about iShares S&P/TSX 60 Index ETF (XIU.TO) and SPDR S&P 500 ETF (SPY).
XIU.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XIU.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX 60 Index. It was launched on Sep 28, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XIU.TO and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XIU.TO or SPY.
Key characteristics
| XIU.TO | SPY | |
|---|---|---|
| YTD Return | 6.57% | 11.58% |
| 1Y Return | 12.54% | 29.17% |
| 3Y Return (Ann) | 7.80% | 9.98% |
| 5Y Return (Ann) | 9.69% | 14.95% |
| 10Y Return (Ann) | 8.06% | 12.88% |
| Sharpe Ratio | 1.14 | 2.67 |
| Daily Std Dev | 11.24% | 11.53% |
| Max Drawdown | -52.32% | -55.19% |
| Current Drawdown | -0.44% | -0.21% |
Correlation
The correlation between XIU.TO and SPY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XIU.TO vs. SPY - Performance Comparison
In the year-to-date period, XIU.TO achieves a 6.57% return, which is significantly lower than SPY's 11.58% return. Over the past 10 years, XIU.TO has underperformed SPY with an annualized return of 8.06%, while SPY has yielded a comparatively higher 12.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XIU.TO vs. SPY - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
XIU.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and SPDR S&P 500 ETF (SPY). 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.
Dividends
XIU.TO vs. SPY - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.98%, more than SPY's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.98% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% | 2.65% | 2.68% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XIU.TO vs. SPY - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -52.32%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XIU.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
XIU.TO vs. SPY - Volatility Comparison
iShares S&P/TSX 60 Index ETF (XIU.TO) and SPDR S&P 500 ETF (SPY) have volatilities of 3.45% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.