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XRE.TO vs. IUSV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XRE.TO vs. IUSV

Last updated Jun 5, 2026

XRE.TO (iShares S&P/TSX Capped REIT Index ETF) and IUSV (iShares Core S&P U.S. Value ETF) are both exchange-traded funds - XRE.TO is a REIT fund tracking the Morningstar DM REIT NR CAD, while IUSV is a Large Cap Value Equities fund tracking the S&P 900 Value Index. Both are passively managed. Over the past 10 years, XRE.TO returned 4.82%/yr vs 12.98%/yr for IUSV. At a 0.37 correlation, their price movements are largely independent. XRE.TO charges 0.61%/yr vs 0.04%/yr for IUSV.

Performance

XRE.TO vs. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XRE.TO is traded in CAD, while IUSV is traded in USD. To make them comparable, the IUSV values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XRE.TO having a 10.05% return and IUSV slightly higher at 10.10%. Over the past 10 years, XRE.TO has underperformed IUSV with an annualized return of 4.82%, while IUSV has yielded a comparatively higher 12.98% annualized return.

XRE.TO

1D
0.45%
1M
0.50%
YTD
10.05%
6M
12.65%
1Y
12.66%
3Y*
5.22%
5Y*
1.97%
10Y*
4.82%

IUSV

1D
1.01%
1M
4.41%
YTD
10.10%
6M
8.74%
1Y
24.82%
3Y*
17.45%
5Y*
13.86%
10Y*
12.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XRE.TO vs. IUSV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		10.05%8.89%-2.52%1.88%-17.34%32.49%-13.63%21.91%5.66%9.27%
IUSV
iShares Core S&P U.S. Value ETF		10.10%7.67%21.82%19.05%1.34%24.08%-0.16%25.01%-1.51%7.76%

Correlation

The correlation between XRE.TO and IUSV is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.45

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

0.46

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

0.37

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2009

0.37

XRE.TO vs. IUSV - Sectors Allocation Comparison

Sectors
XRE.TO
IUSV

Real Estate

100.0%
3.7%

Basic Materials

-

3.6%

Communication Services

-

3.1%

Consumer Cyclical

-

11.1%

Consumer Defensive

-

8.8%

Energy

-

7.2%

Financial Services

-

15.0%

Healthcare

-

11.0%

Industrials

-

11.2%

Technology

-

20.8%

Utilities

-

4.3%

Real Estate

XRE.TO
100.0%
IUSV
3.7%

Basic Materials

XRE.TO

-

IUSV
3.6%

Communication Services

XRE.TO

-

IUSV
3.1%

Consumer Cyclical

XRE.TO

-

IUSV
11.1%

Consumer Defensive

XRE.TO

-

IUSV
8.8%

Energy

XRE.TO

-

IUSV
7.2%

Financial Services

XRE.TO

-

IUSV
15.0%

Healthcare

XRE.TO

-

IUSV
11.0%

Industrials

XRE.TO

-

IUSV
11.2%

Technology

XRE.TO

-

IUSV
20.8%

Utilities

XRE.TO

-

IUSV
4.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Capped REIT Index ETF

iShares Core S&P U.S. Value ETF

Often compared with XRE.TO:
XRE.TO vs. ZRE.TOXRE.TO vs. VRE.TOXRE.TO vs. CGR.TOXRE.TO vs. XIC.TOXRE.TO vs. XDIV.TOXRE.TO vs. XBB.TOXRE.TO vs. VOO
Often compared with IUSV:
IUSV vs. IUSGIUSV vs. VTVIUSV vs. SPYIUSV vs. VOOIUSV vs. SCHDIUSV vs. VLUEIUSV vs. DGRO

Return for Risk

XRE.TO vs. IUSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XRE.TO
XRE.TO Risk / Return Rank: 3131
Overall Rank
XRE.TO Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
XRE.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
XRE.TO Omega Ratio Rank: 2828
Omega Ratio Rank
XRE.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
XRE.TO Martin Ratio Rank: 3030
Martin Ratio Rank
IUSV
IUSV Risk / Return Rank: 7272
Overall Rank
IUSV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IUSV Sortino Ratio Rank: 7272
Sortino Ratio Rank
IUSV Omega Ratio Rank: 7070
Omega Ratio Rank
IUSV Calmar Ratio Rank: 7373
Calmar Ratio Rank
IUSV Martin Ratio Rank: 7474
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.

XRE.TO vs. IUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and iShares Core S&P U.S. Value ETF (IUSV). 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.

XRE.TOIUSVDifference
Sharpe ratioReturn per unit of total volatility
1.09
2.46

-1.37

Sortino ratioReturn per unit of downside risk
1.62
3.38

-1.76

Omega ratioGain probability vs. loss probability

1.19

1.45

-0.26

Calmar ratioReturn relative to maximum drawdown

1.69

4.21

-2.51

Martin ratioReturn relative to average drawdown

4.23

16.58

-12.35

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRE.TO vs. IUSV - Sharpe Ratio Comparison

The current XRE.TO Sharpe Ratio is 1.09, which is lower than the IUSV Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of XRE.TO and IUSV, 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

XRE.TOIUSVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.09

2.46

-1.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

1.10

-0.98

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

0.85

-0.58

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

1.15

-0.66

Drawdowns

XRE.TO vs. IUSV - Drawdown Comparison

The maximum XRE.TO drawdown since its inception was -57.06%, which is greater than IUSV's maximum drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for XRE.TO and IUSV.

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Drawdown Indicators

XRE.TOIUSVDifference

Max Drawdown

Largest peak-to-trough decline

-57.06%

-31.65%

-25.41%

Max Drawdown (1Y)

Largest decline over 1 year

-7.51%

-5.93%

-1.58%

Max Drawdown (3Y)

Largest decline over 3 years

-20.91%

-16.25%

-4.66%

Max Drawdown (5Y)

Largest decline over 5 years

-30.53%

-16.25%

-14.28%

Max Drawdown (10Y)

Largest decline over 10 years

-46.58%

-31.65%

-14.93%

Current Drawdown

Current decline from peak

-3.53%

0.00%

-3.53%

Average Drawdown

Average peak-to-trough decline

-9.66%

-2.96%

-6.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

1.50%

+1.50%

Volatility

XRE.TO vs. IUSV - Volatility Comparison

iShares S&P/TSX Capped REIT Index ETF (XRE.TO) has a higher volatility of 3.32% compared to iShares Core S&P U.S. Value ETF (IUSV) at 2.03%. This indicates that XRE.TO's price experiences larger fluctuations and is considered to be riskier than IUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XRE.TOIUSVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

2.03%

+1.29%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

7.62%

+1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

11.66%

10.16%

+1.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.18%

12.61%

+3.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.57%

15.25%

+2.32%

XRE.TO vs. IUSV - Expense Ratio Comparison

XRE.TO has a 0.61% expense ratio, which is higher than IUSV's 0.04% expense ratio.

Dividends

XRE.TO vs. IUSV - Dividend Comparison

XRE.TO's dividend yield for the trailing twelve months is around 4.47%, more than IUSV's 1.67% yield.

PositionTTM20252024202320222021202020192018201720162015
IUSV
iShares Core S&P U.S. Value ETF		1.67%1.78%2.15%1.75%2.22%1.87%2.40%2.19%2.67%1.93%4.44%7.63%
XRE.TO
iShares S&P/TSX Capped REIT Index ETF		4.47%5.00%5.55%4.52%4.85%2.59%4.45%4.82%4.80%4.71%5.20%5.59%

Frequently Asked Questions

XRE.TO and IUSV have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IUSV is cheaper with a 0.04% expense ratio, compared with 0.61% for XRE.TO.

XRE.TO is categorized as REIT, while IUSV is Large Cap Value Equities. XRE.TO tracks Morningstar DM REIT NR CAD, while IUSV tracks S&P 900 Value Index. Their fees differ too: 0.61% for XRE.TO and 0.04% for IUSV.

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