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 14.00%/yr vs 14.52%/yr for ^GSPC. At a 0.17 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 7.60% return, which is significantly lower than ^GSPC's 12.12% return. Both investments have delivered pretty close results over the past 10 years, with XMA.TO having a 14.00% annualized return and ^GSPC not far ahead at 14.52%.
XMA.TO
- 1D
- -3.13%
- 1M
- 5.70%
- YTD
- 7.60%
- 6M
- 12.34%
- 1Y
- 64.71%
- 3Y*
- 35.49%
- 5Y*
- 20.09%
- 10Y*
- 14.00%
^GSPC
- 1D
- 0.00%
- 1M
- 7.35%
- YTD
- 12.12%
- 6M
- 10.22%
- 1Y
- 28.58%
- 3Y*
- 22.37%
- 5Y*
- 15.58%
- 10Y*
- 14.52%
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 | 7.60% | 99.21% | 20.72% | -2.04% | 1.35% | 3.31% | 19.73% | 24.63% | -10.46% | 7.07% |
^GSPC S&P 500 Index | 11.75% | 11.05% | 33.90% | 21.49% | -13.70% | 25.75% | 14.29% | 22.54% | 1.71% | 11.82% |
Correlation
The correlation between XMA.TO and ^GSPC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.17 |
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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.
| XMA.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.24 | -0.83 |
| Martin ratioReturn relative to average drawdown | 6.76 | 12.23 | -5.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMA.TO | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 2.46 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.05 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.89 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.99 | -0.71 |
Drawdowns
XMA.TO vs. ^GSPC - Drawdown Comparison
The maximum XMA.TO drawdown since its inception was -64.13%, which is greater than ^GSPC's maximum drawdown of -27.59%. 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 | -64.13% | -27.59% | -36.54% |
Max Drawdown (1Y)Largest decline over 1 year | -26.96% | -8.86% | -18.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.96% | -19.23% | -7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -33.06% | -22.60% | -10.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.06% | -27.59% | -5.47% |
Current DrawdownCurrent decline from peak | -18.76% | 0.00% | -18.76% |
Average DrawdownAverage peak-to-trough decline | -26.31% | -3.51% | -22.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 2.34% | +7.26% |
Volatility
XMA.TO vs. ^GSPC - Volatility Comparison
iShares S&P/TSX Capped Materials Index ETF (XMA.TO) has a higher volatility of 13.42% compared to S&P 500 Index (^GSPC) at 2.69%. 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 | 13.42% | 2.69% | +10.73% |
Volatility (6M)Calculated over the trailing 6-month period | 30.86% | 8.85% | +22.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.08% | 11.70% | +25.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.55% | 14.99% | +12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.56% | 16.33% | +10.23% |
Frequently Asked Questions
XMA.TO and ^GSPC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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