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

XIU.TO vs. SPYG

Last updated Jun 4, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, XIU.TO returned 12.62%/yr vs 19.06%/yr for SPYG. A 0.52 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.04%/yr for SPYG.

Performance

XIU.TO vs. SPYG - 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 State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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 SPYG is traded in USD. To make them comparable, the SPYG 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 10.14% return, which is significantly lower than SPYG's 15.20% return. Over the past 10 years, XIU.TO has underperformed SPYG with an annualized return of 12.62%, while SPYG has yielded a comparatively higher 19.06% annualized return.

XIU.TO

1D
-0.87%
1M
3.47%
YTD
10.14%
6M
12.10%
1Y
31.65%
3Y*
22.48%
5Y*
14.37%
10Y*
12.62%

SPYG

1D
-0.57%
1M
9.52%
YTD
15.20%
6M
13.13%
1Y
35.68%
3Y*
29.65%
5Y*
19.39%
10Y*
19.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. SPYG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIU.TO
iShares S&P/TSX 60 Index ETF		10.14%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		15.20%16.49%47.68%27.16%-24.38%30.82%31.21%24.41%8.35%19.14%

Correlation

The correlation between XIU.TO and SPYG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.46

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

0.51

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

0.52

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2009

0.52

The correlation between XIU.TO and SPYG has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.

XIU.TO vs. SPYG - Sectors Allocation Comparison

Sectors
XIU.TO
SPYG

Financial Services

39.4%
8.5%

Energy

18.6%
0.1%

Basic Materials

13.3%
0.3%

Technology

8.8%
51.9%

Industrials

7.9%
5.0%

Consumer Cyclical

4.1%
8.9%

Consumer Defensive

3.2%
1.0%

Utilities

2.6%
1.2%

Communication Services

2.0%
16.8%

Real Estate

0.2%
0.6%

Healthcare

-

5.8%

Financial Services

XIU.TO
39.4%
SPYG
8.5%

Energy

XIU.TO
18.6%
SPYG
0.1%

Basic Materials

XIU.TO
13.3%
SPYG
0.3%

Technology

XIU.TO
8.8%
SPYG
51.9%

Industrials

XIU.TO
7.9%
SPYG
5.0%

Consumer Cyclical

XIU.TO
4.1%
SPYG
8.9%

Consumer Defensive

XIU.TO
3.2%
SPYG
1.0%

Utilities

XIU.TO
2.6%
SPYG
1.2%

Communication Services

XIU.TO
2.0%
SPYG
16.8%

Real Estate

XIU.TO
0.2%
SPYG
0.6%

Healthcare

XIU.TO

-

SPYG
5.8%

Compare stocks, funds, or ETFs

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iShares S&P/TSX 60 Index ETF

State Street SPDR Portfolio S&P 500 Growth ETF

Often compared with XIU.TO:
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Often compared with SPYG:
SPYG vs. SPYSPYG vs. SCHGSPYG vs. VOOSPYG vs. VUGSPYG vs. VOOGSPYG vs. SPYVSPYG vs. SPYM

Return for Risk

XIU.TO vs. SPYG — 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: 8282
Overall Rank
XIU.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 8787
Martin Ratio Rank
SPYG
SPYG Risk / Return Rank: 5757
Overall Rank
SPYG Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
SPYG Sortino Ratio Rank: 6060
Sortino Ratio Rank
SPYG Omega Ratio Rank: 5959
Omega Ratio Rank
SPYG Calmar Ratio Rank: 4949
Calmar Ratio Rank
SPYG Martin Ratio Rank: 5757
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. SPYG - 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 State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.TOSPYGDifference
Sharpe ratioReturn per unit of total volatility
2.71
2.28

+0.43

Sortino ratioReturn per unit of downside risk
3.64
3.09

+0.54

Omega ratioGain probability vs. loss probability

1.49

1.41

+0.08

Calmar ratioReturn relative to maximum drawdown

4.16

2.57

+1.59

Martin ratioReturn relative to average drawdown

19.30

9.03

+10.27

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. SPYG - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.71, which is comparable to the SPYG Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of XIU.TO and SPYG, 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.TOSPYGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.71

2.28

+0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.13

1.00

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

1.00

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

1.12

-0.62

Drawdowns

XIU.TO vs. SPYG - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -52.31%, which is greater than SPYG's maximum drawdown of -30.32%. Use the drawdown chart below to compare losses from any high point for XIU.TO and SPYG.

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Drawdown Indicators

XIU.TOSPYGDifference

Max Drawdown

Largest peak-to-trough decline

-52.31%

-30.32%

-21.99%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-13.96%

+6.31%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-22.76%

+10.40%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-30.32%

+13.96%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-30.32%

-5.14%

Current Drawdown

Current decline from peak

-0.87%

-0.57%

-0.30%

Average Drawdown

Average peak-to-trough decline

-11.63%

-4.49%

-7.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

3.96%

-2.32%

Volatility

XIU.TO vs. SPYG - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 3.28%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 4.20%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOSPYGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

4.20%

-0.92%

Volatility (6M)

Calculated over the trailing 6-month period

9.32%

12.08%

-2.76%

Volatility (1Y)

Calculated over the trailing 1-year period

11.73%

15.72%

-3.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.78%

19.47%

-6.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.01%

19.10%

-4.09%

XIU.TO vs. SPYG - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is higher than SPYG's 0.04% 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. SPYG - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.20%, more than SPYG's 0.47% yield.

PositionTTM20252024202320222021202020192018201720162015
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF		0.47%0.52%0.60%1.15%1.03%0.62%0.90%1.37%1.51%1.41%1.55%1.57%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.20%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 SPYG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPYG is cheaper with a 0.04% expense ratio, compared with 0.18% for XIU.TO.

XIU.TO is categorized as Canada Equities, while SPYG is S&P 500. XIU.TO tracks S&P/TSX 60 Index, while SPYG tracks S&P 500 Growth Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for XIU.TO and 0.04% for SPYG.

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