XMC.TO vs. XUS.TO
XMC.TO (iShares S&P U.S. Mid-Cap Index ETF) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - XMC.TO is a Mid Cap Blend Equities fund tracking the Morningstar US SMID TR CAD, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XMC.TO returned 11.71%/yr vs 15.98%/yr for XUS.TO. A 0.72 correlation means they provide meaningful diversification when combined. XMC.TO charges 0.16%/yr vs 0.09%/yr for XUS.TO.
Performance
XMC.TO vs. XUS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XMC.TO achieves a 15.43% return, which is significantly higher than XUS.TO's 12.21% return. Over the past 10 years, XMC.TO has underperformed XUS.TO with an annualized return of 11.71%, while XUS.TO has yielded a comparatively higher 15.98% annualized return.
XMC.TO
- 1D
- 0.48%
- 1M
- 6.14%
- YTD
- 15.43%
- 6M
- 13.83%
- 1Y
- 26.54%
- 3Y*
- 17.13%
- 5Y*
- 10.91%
- 10Y*
- 11.71%
XUS.TO
- 1D
- -0.31%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.39%
- 1Y
- 29.30%
- 3Y*
- 23.52%
- 5Y*
- 16.78%
- 10Y*
- 15.98%
XMC.TO vs. XUS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMC.TO iShares S&P U.S. Mid-Cap Index ETF | 15.43% | 2.37% | 22.99% | 13.65% | -7.61% | 23.39% | 11.11% | 20.87% | -4.83% | 8.74% |
XUS.TO iShares Core S&P 500 Index ETF | 12.21% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | 3.31% | 13.56% |
Correlation
The correlation between XMC.TO and XUS.TO is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2015 | 0.72 |
The correlation between XMC.TO and XUS.TO has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
XMC.TO vs. XUS.TO - Sectors Allocation Comparison
Sectors
XMC.TO
XUS.TO
Industrials
Technology
Financial Services
Consumer Cyclical
Healthcare
Real Estate
Energy
Basic Materials
Consumer Defensive
Utilities
Communication Services
Industrials
XMC.TO
XUS.TO
Technology
XMC.TO
XUS.TO
Financial Services
XMC.TO
XUS.TO
Consumer Cyclical
XMC.TO
XUS.TO
Healthcare
XMC.TO
XUS.TO
Real Estate
XMC.TO
XUS.TO
Energy
XMC.TO
XUS.TO
Basic Materials
XMC.TO
XUS.TO
Consumer Defensive
XMC.TO
XUS.TO
Utilities
XMC.TO
XUS.TO
Communication Services
XMC.TO
XUS.TO
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Return for Risk
XMC.TO vs. XUS.TO — Risk / Return Rank
XMC.TO
XUS.TO
XMC.TO vs. XUS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) and iShares Core S&P 500 Index ETF (XUS.TO). 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.
| XMC.TO | XUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.47 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.41 | -0.19 |
| Martin ratioReturn relative to average drawdown | 11.84 | 12.94 | -1.10 |
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
| XMC.TO | XUS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.55 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 1.13 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.98 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.08 | -0.49 |
Drawdowns
XMC.TO vs. XUS.TO - Drawdown Comparison
The maximum XMC.TO drawdown since its inception was -36.38%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for XMC.TO and XUS.TO.
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Drawdown Indicators
| XMC.TO | XUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.38% | -27.23% | -9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -8.63% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -18.96% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -21.85% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | -27.23% | -9.15% |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -3.46% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.27% | -0.02% |
Volatility
XMC.TO vs. XUS.TO - Volatility Comparison
iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) has a higher volatility of 4.57% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 3.19%. This indicates that XMC.TO's price experiences larger fluctuations and is considered to be riskier than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMC.TO | XUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 3.19% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 8.66% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 11.58% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 14.92% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 16.48% | +2.17% |
XMC.TO vs. XUS.TO - Expense Ratio Comparison
XMC.TO has a 0.16% expense ratio, which is higher than XUS.TO'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%.
Dividends
XMC.TO vs. XUS.TO - Dividend Comparison
XMC.TO's dividend yield for the trailing twelve months is around 0.96%, less than XUS.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMC.TO iShares S&P U.S. Mid-Cap Index ETF | 0.96% | 1.10% | 0.94% | 1.17% | 1.27% | 0.99% | 1.07% | 1.40% | 1.56% | 0.96% | 1.09% | 0.51% |
XUS.TO iShares Core S&P 500 Index ETF | 1.12% | 1.26% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% |
Frequently Asked Questions
XMC.TO and XUS.TO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.16% for XMC.TO.
XMC.TO is categorized as Mid Cap Blend Equities, while XUS.TO is S&P 500. XMC.TO tracks Morningstar US SMID TR CAD, while XUS.TO tracks S&P 500 Index. Their fees differ too: 0.16% for XMC.TO and 0.09% for XUS.TO.
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