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XSEM.TO vs. XUSR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSEM.TO vs. XUSR.TO

Last updated Aug 5, 2026
Documentation

XSEM.TO (iShares ESG Aware MSCI Emerging Markets Index ETF) and XUSR.TO (iShares ESG Advanced MSCI USA Index ETF) are both exchange-traded funds - XSEM.TO is a Emerging Markets Equities fund tracking the Morningstar EM GR CAD, while XUSR.TO is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index. Both are passively managed. Over the past 5 years, XSEM.TO returned 8.61%/yr vs 13.66%/yr for XUSR.TO. Their 0.47 correlation means their historical movements had little consistent relationship. XSEM.TO charges 0.32%/yr vs 0.23%/yr for XUSR.TO.

Performance

XSEM.TO vs. XUSR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) and iShares ESG Advanced MSCI USA Index ETF (XUSR.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with XSEM.TO having a 22.30% return and XUSR.TO slightly higher at 22.90%.

XSEM.TO

1D
3.52%
1M
-3.09%
6M
16.72%
YTD
22.30%
1Y
37.09%
3Y*
21.19%
5Y*
8.61%
10Y*
—
ALL TIME*
8.76%

XUSR.TO

1D
4.61%
1M
0.99%
6M
23.58%
YTD
22.90%
1Y
26.60%
3Y*
24.89%
5Y*
13.66%
10Y*
—
ALL TIME*
19.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

XSEM.TO

iShares ESG Aware MSCI Emerging Markets Index ETF
CA$278.16KCA$314.48KCA$405.50K

XUSR.TO

iShares ESG Advanced MSCI USA Index ETF
CA$650.37KCA$647.51KCA$526.95K

XSEM.TO vs. XUSR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XSEM.TO
iShares ESG Aware MSCI Emerging Markets Index ETF		22.30%27.51%14.79%7.01%-17.30%-3.60%30.57%
XUSR.TO
iShares ESG Advanced MSCI USA Index ETF		22.90%9.23%32.46%29.28%-17.20%24.47%27.03%

Correlation

The correlation between XSEM.TO and XUSR.TO is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.67

Correlation (3Y)
Balances recent behavior with more history.

0.55

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.52

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2020

0.47

The correlation between XSEM.TO and XUSR.TO shifts across timeframes, from 0.47 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.

XSEM.TO vs. XUSR.TO - Sectors Allocation Comparison

Sectors
XSEM.TO
XUSR.TO

Technology

45.5%
55.4%

Financial Services

22.6%
14.7%

Communication Services

7.3%
2.3%

Consumer Cyclical

6.8%
6.4%

Industrials

5.0%
8.7%

Basic Materials

4.2%
2.2%

Healthcare

2.6%
5.6%

Consumer Defensive

2.0%
0.9%

Energy

1.7%
0.1%

Utilities

1.3%
0.1%

Real Estate

1.0%
3.7%

Technology

XSEM.TO
45.5%
XUSR.TO
55.4%

Financial Services

XSEM.TO
22.6%
XUSR.TO
14.7%

Communication Services

XSEM.TO
7.3%
XUSR.TO
2.3%

Consumer Cyclical

XSEM.TO
6.8%
XUSR.TO
6.4%

Industrials

XSEM.TO
5.0%
XUSR.TO
8.7%

Basic Materials

XSEM.TO
4.2%
XUSR.TO
2.2%

Healthcare

XSEM.TO
2.6%
XUSR.TO
5.6%

Consumer Defensive

XSEM.TO
2.0%
XUSR.TO
0.9%

Energy

XSEM.TO
1.7%
XUSR.TO
0.1%

Utilities

XSEM.TO
1.3%
XUSR.TO
0.1%

Real Estate

XSEM.TO
1.0%
XUSR.TO
3.7%

Compare stocks, funds, or ETFs

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

iShares ESG Aware MSCI Emerging Markets Index ETF

iShares ESG Advanced MSCI USA Index ETF

Often compared with XSEM.TO:
XSEM.TO vs. XDSR.TOXSEM.TO vs. XEC.TOXSEM.TO vs. XMM.TOXSEM.TO vs. XEQT.TOXSEM.TO vs. XEF.TOXSEM.TO vs. VE.TOXSEM.TO vs. ZEM.TO
Often compared with XUSR.TO:
XUSR.TO vs. XSUS.TOXUSR.TO vs. XUS.TOXUSR.TO vs. XCSR.TOXUSR.TO vs. VFV.TOXUSR.TO vs. USXFXUSR.TO vs. EAORXUSR.TO vs. VDY.TO

Return for Risk

XSEM.TO vs. XUSR.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XSEM.TO
XSEM.TO Risk / Return Rank: 5959
Overall Rank
XSEM.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
XSEM.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
XSEM.TO Omega Ratio Rank: 5757
Omega Ratio Rank
XSEM.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XSEM.TO Martin Ratio Rank: 6262
Martin Ratio Rank
XUSR.TO
XUSR.TO Risk / Return Rank: 5050
Overall Rank
XUSR.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XUSR.TO Sortino Ratio Rank: 4646
Sortino Ratio Rank
XUSR.TO Omega Ratio Rank: 4848
Omega Ratio Rank
XUSR.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XUSR.TO Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XSEM.TO vs. XUSR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) and iShares ESG Advanced MSCI USA Index ETF (XUSR.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.

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.

XSEM.TOXUSR.TODifference
Sharpe ratioReturn per unit of total volatility
1.52
1.39

+0.14

Sortino ratioReturn per unit of downside risk
2.07
1.91

+0.16

Omega ratioGain probability vs. loss probability

1.29

1.25

+0.04

Calmar ratioReturn relative to maximum drawdown

2.70

2.32

+0.38

Martin ratioReturn relative to average drawdown

8.30

6.50

+1.80

XSEM.TO vs. XUSR.TO - Sharpe Ratio Comparison

The current XSEM.TO Sharpe Ratio is 1.52, which is comparable to the XUSR.TO Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of XSEM.TO and XUSR.TO, 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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Drawdowns

XSEM.TO vs. XUSR.TO - Drawdown Comparison

The maximum XSEM.TO drawdown since its inception was -37.09%, which is greater than XUSR.TO's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for XSEM.TO and XUSR.TO.

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Drawdown Indicators

XSEM.TOXUSR.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.09%

-31.17%

-5.92%

Max Drawdown (1Y)

Largest decline over 1 year

-13.82%

-11.52%

-2.30%

Max Drawdown (3Y)

Largest decline over 3 years

-15.18%

-23.01%

+7.83%

Max Drawdown (5Y)

Largest decline over 5 years

-32.59%

-31.17%

-1.42%

Current Drawdown

Current decline from peak

-6.67%

-1.53%

-5.14%

Average Drawdown

Average peak-to-trough decline

-13.06%

-7.86%

-5.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.48%

4.10%

+0.38%

Volatility

XSEM.TO vs. XUSR.TO - Volatility Comparison

iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) has a higher volatility of 9.15% compared to iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) at 7.29%. This indicates that XSEM.TO's price experiences larger fluctuations and is considered to be riskier than XUSR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSEM.TOXUSR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.15%

7.29%

+1.86%

Volatility (6M)

Calculated over the trailing 6-month period

22.47%

15.78%

+6.69%

Volatility (1Y)

Calculated over the trailing 1-year period

24.54%

19.31%

+5.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.17%

20.41%

-2.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.96%

23.92%

-4.96%

XSEM.TO vs. XUSR.TO - Expense Ratio Comparison

XSEM.TO has a 0.32% expense ratio, which is higher than XUSR.TO's 0.23% expense ratio.

Dividends

XSEM.TO vs. XUSR.TO - Dividend Comparison

XSEM.TO's dividend yield for the trailing twelve months is around 1.53%, more than XUSR.TO's 0.56% yield.

PositionTTM2025202420232022202120202019
XSEM.TO
iShares ESG Aware MSCI Emerging Markets Index ETF		1.53%1.78%2.08%1.10%2.25%2.45%1.14%2.41%
XUSR.TO
iShares ESG Advanced MSCI USA Index ETF		0.56%0.67%0.69%0.93%1.01%0.66%0.34%0.00%

Frequently Asked Questions

XSEM.TO and XUSR.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUSR.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUSR.TO is cheaper with a 0.23% expense ratio, compared with 0.32% for XSEM.TO.

XSEM.TO is categorized as Emerging Markets Equities, while XUSR.TO is Large Cap Growth Equities. XSEM.TO tracks Morningstar EM GR CAD, while XUSR.TO tracks MSCI USA Choice ESG Screened Index. Their fees differ too: 0.32% for XSEM.TO and 0.23% for XUSR.TO.

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