XSH.TO vs. XUS.TO
XSH.TO (iShares Core Canadian Short Term Corporate Bond Index ETF) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - XSH.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR 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, XSH.TO returned 2.82%/yr vs 15.98%/yr for XUS.TO. At a 0.05 correlation, their price movements are largely independent. XSH.TO charges 0.10%/yr vs 0.09%/yr for XUS.TO.
Performance
XSH.TO vs. XUS.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XSH.TO achieves a 1.33% return, which is significantly lower than XUS.TO's 12.21% return. Over the past 10 years, XSH.TO has underperformed XUS.TO with an annualized return of 2.82%, while XUS.TO has yielded a comparatively higher 15.98% annualized return.
XSH.TO
- 1D
- 0.00%
- 1M
- 1.13%
- YTD
- 1.33%
- 6M
- 1.34%
- 1Y
- 3.85%
- 3Y*
- 6.05%
- 5Y*
- 2.86%
- 10Y*
- 2.82%
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%
XSH.TO vs. XUS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 1.33% | 4.61% | 7.11% | 6.80% | -4.52% | -0.81% | 6.28% | 5.02% | 1.28% | 0.78% |
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 XSH.TO and XUS.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | 0.05 |
Over the past year, XSH.TO and XUS.TO have become more correlated (0.29) than their long-term average of 0.05, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XSH.TO vs. XUS.TO — Risk / Return Rank
XSH.TO
XUS.TO
XSH.TO vs. XUS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.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.
| XSH.TO | XUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.47 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.41 | -0.85 |
| Martin ratioReturn relative to average drawdown | 10.05 | 12.94 | -2.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XSH.TO | XUS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.55 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.13 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.98 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.08 | -0.34 |
Drawdowns
XSH.TO vs. XUS.TO - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, smaller than the maximum XUS.TO drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for XSH.TO and XUS.TO.
Loading charts...
Drawdown Indicators
| XSH.TO | XUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -27.23% | +12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -8.63% | +7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -18.96% | +17.45% |
Max Drawdown (5Y)Largest decline over 5 years | -7.80% | -21.85% | +14.05% |
Max Drawdown (10Y)Largest decline over 10 years | -14.24% | -27.23% | +12.99% |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -3.46% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 2.27% | -1.89% |
Volatility
XSH.TO vs. XUS.TO - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) is 0.80%, while iShares Core S&P 500 Index ETF (XUS.TO) has a volatility of 3.19%. This indicates that XSH.TO experiences smaller price fluctuations and is considered to be less risky than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XSH.TO | XUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 3.19% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 8.66% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 11.58% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 14.92% | -12.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 16.48% | -12.06% |
XSH.TO vs. XUS.TO - Expense Ratio Comparison
XSH.TO has a 0.10% 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
XSH.TO vs. XUS.TO - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.89%, more than XUS.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.89% | 3.82% | 3.64% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% |
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
XSH.TO and XUS.TO have a correlation of 0.29, 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 0.10% for XSH.TO.
XSH.TO is categorized as Canadian Government Bonds, while XUS.TO is S&P 500. XSH.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while XUS.TO tracks S&P 500 Index. Their fees differ too: 0.10% for XSH.TO and 0.09% for XUS.TO.
Find the right allocation for XSH.TO and XUS.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer