XMA.TO vs. ^GSPC
XMA.TO (iShares S&P/TSX Capped Materials Index ETF) is Materials fund tracking the S&P/TSX Capped Materials TR, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XMA.TO returned 12.74%/yr vs 14.84%/yr for ^GSPC. At a 0.26 correlation, their price movements are largely independent.
Performance
XMA.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XMA.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMA.TO achieves a -0.42% return, which is significantly lower than ^GSPC's 11.24% return. Over the past 10 years, XMA.TO has underperformed ^GSPC with an annualized return of 12.74%, while ^GSPC has yielded a comparatively higher 14.84% annualized return.
XMA.TO
- 1D
- -4.47%
- 1M
- -5.12%
- YTD
- -0.42%
- 6M
- -4.15%
- 1Y
- 50.84%
- 3Y*
- 33.97%
- 5Y*
- 19.82%
- 10Y*
- 12.74%
^GSPC
- 1D
- -1.55%
- 1M
- 1.29%
- YTD
- 11.24%
- 6M
- 9.77%
- 1Y
- 25.97%
- 3Y*
- 22.19%
- 5Y*
- 14.72%
- 10Y*
- 14.84%
XMA.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMA.TO iShares S&P/TSX Capped Materials Index ETF | -0.42% | 99.21% | 20.72% | -2.04% | 1.35% | 3.32% | 19.73% | 24.64% | -10.44% | 7.12% |
^GSPC S&P 500 Index | 11.24% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
Correlation
The correlation between XMA.TO and ^GSPC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2006 | 0.26 |
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Return for Risk
XMA.TO vs. ^GSPC — Risk / Return Rank
XMA.TO
^GSPC
XMA.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Materials Index ETF (XMA.TO) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XMA.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.84 | -1.05 |
| Martin ratioReturn relative to average drawdown | 4.65 | 10.55 | -5.90 |
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Drawdowns
XMA.TO vs. ^GSPC - Drawdown Comparison
The maximum XMA.TO drawdown since its inception was -64.42%, which is greater than ^GSPC's maximum drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for XMA.TO and ^GSPC.
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Drawdown Indicators
| XMA.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.42% | -48.87% | -15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -28.51% | -9.17% | -19.34% |
Max Drawdown (3Y)Largest decline over 3 years | -28.51% | -19.59% | -8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -33.06% | -23.14% | -9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.06% | -27.97% | -5.09% |
Current DrawdownCurrent decline from peak | -24.81% | -1.55% | -23.26% |
Average DrawdownAverage peak-to-trough decline | -27.10% | -9.65% | -17.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.97% | 2.47% | +8.50% |
Volatility
XMA.TO vs. ^GSPC - Volatility Comparison
iShares S&P/TSX Capped Materials Index ETF (XMA.TO) has a higher volatility of 15.06% compared to S&P 500 Index (^GSPC) at 5.21%. This indicates that XMA.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMA.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.06% | 5.21% | +9.85% |
Volatility (6M)Calculated over the trailing 6-month period | 33.41% | 10.35% | +23.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.44% | 12.96% | +26.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 17.97% | +10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.87% | 19.16% | +7.71% |
Frequently Asked Questions
XMA.TO and ^GSPC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for XMA.TO and ^GSPC
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