XSEA.TO vs. XSP.TO
XSEA.TO (iShares ESG Aware MSCI EAFE Index ETF) and XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) are both exchange-traded funds - XSEA.TO is a Foreign Large Cap Equities fund tracking the Morningstar DM xNA GR CAD, while XSP.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XSEA.TO returned 10.75%/yr vs 12.18%/yr for XSP.TO. A 0.53 correlation means they provide meaningful diversification when combined. XSEA.TO charges 0.28%/yr vs 0.09%/yr for XSP.TO.
Performance
XSEA.TO vs. XSP.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XSEA.TO having a 9.71% return and XSP.TO slightly lower at 9.64%.
XSEA.TO
- 1D
- -0.55%
- 1M
- 5.39%
- YTD
- 9.71%
- 6M
- 9.76%
- 1Y
- 21.42%
- 3Y*
- 16.84%
- 5Y*
- 10.75%
- 10Y*
- —
XSP.TO
- 1D
- -0.73%
- 1M
- 4.98%
- YTD
- 9.64%
- 6M
- 9.50%
- 1Y
- 25.13%
- 3Y*
- 20.28%
- 5Y*
- 12.18%
- 10Y*
- 13.79%
XSEA.TO vs. XSP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XSEA.TO iShares ESG Aware MSCI EAFE Index ETF | 9.71% | 23.72% | 11.92% | 15.28% | -8.97% | 11.09% | 6.08% | 8.09% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 9.64% | 15.68% | 23.39% | 24.33% | -19.32% | 27.85% | 15.17% | 15.16% |
Correlation
The correlation between XSEA.TO and XSP.TO is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2019 | 0.53 |
The correlation between XSEA.TO and XSP.TO shifts across timeframes, from 0.53 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
XSEA.TO vs. XSP.TO - Sectors Allocation Comparison
Sectors
XSEA.TO
XSP.TO
Financial Services
Industrials
Technology
Healthcare
Consumer Cyclical
Consumer Defensive
Basic Materials
Communication Services
Energy
Utilities
Real Estate
Financial Services
XSEA.TO
XSP.TO
Industrials
XSEA.TO
XSP.TO
Technology
XSEA.TO
XSP.TO
Healthcare
XSEA.TO
XSP.TO
Consumer Cyclical
XSEA.TO
XSP.TO
Consumer Defensive
XSEA.TO
XSP.TO
Basic Materials
XSEA.TO
XSP.TO
Communication Services
XSEA.TO
XSP.TO
Energy
XSEA.TO
XSP.TO
Utilities
XSEA.TO
XSP.TO
Real Estate
XSEA.TO
XSP.TO
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Return for Risk
XSEA.TO vs. XSP.TO — Risk / Return Rank
XSEA.TO
XSP.TO
XSEA.TO vs. XSP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EAFE Index ETF (XSEA.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.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.
| XSEA.TO | XSP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.68 | -0.89 |
| Martin ratioReturn relative to average drawdown | 7.13 | 12.40 | -5.26 |
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
| XSEA.TO | XSP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.15 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.73 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.37 | +0.25 |
Drawdowns
XSEA.TO vs. XSP.TO - Drawdown Comparison
The maximum XSEA.TO drawdown since its inception was -28.64%, smaller than the maximum XSP.TO drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for XSEA.TO and XSP.TO.
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Drawdown Indicators
| XSEA.TO | XSP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -57.82% | +29.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.99% | -9.41% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.50% | -18.77% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -27.70% | -25.44% | -2.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.05% | — |
Current DrawdownCurrent decline from peak | -1.33% | -0.73% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -12.11% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.03% | +0.98% |
Volatility
XSEA.TO vs. XSP.TO - Volatility Comparison
iShares ESG Aware MSCI EAFE Index ETF (XSEA.TO) has a higher volatility of 5.05% compared to iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) at 3.25%. This indicates that XSEA.TO's price experiences larger fluctuations and is considered to be riskier than XSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSEA.TO | XSP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 3.25% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 8.99% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 11.75% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.64% | 16.75% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 18.19% | -1.32% |
XSEA.TO vs. XSP.TO - Expense Ratio Comparison
XSEA.TO has a 0.28% expense ratio, which is higher than XSP.TO's 0.09% expense ratio.
Dividends
XSEA.TO vs. XSP.TO - Dividend Comparison
XSEA.TO's dividend yield for the trailing twelve months is around 2.21%, more than XSP.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSEA.TO iShares ESG Aware MSCI EAFE Index ETF | 2.21% | 2.43% | 2.90% | 2.64% | 2.35% | 2.12% | 1.40% | 2.38% | 0.00% | 0.00% | 0.00% | 0.00% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.12% | 1.23% | 1.09% | 1.18% | 1.37% | 1.00% | 1.31% | 1.73% | 1.84% | 1.47% | 1.75% | 1.86% |
Frequently Asked Questions
XSEA.TO and XSP.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSP.TO is cheaper with a 0.09% expense ratio, compared with 0.28% for XSEA.TO.
XSEA.TO is categorized as Foreign Large Cap Equities, while XSP.TO is S&P 500. XSEA.TO tracks Morningstar DM xNA GR CAD, while XSP.TO tracks S&P 500 Index. Their fees differ too: 0.28% for XSEA.TO and 0.09% for XSP.TO.
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