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XSMH.TO vs. XUS.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XSMH.TO vs. XUS.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged) (XSMH.TO) and iShares Core S&P 500 Index ETF (XUS.TO).

XSMH.TO and XUS.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSMH.TO is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index (CAD Hedged). It was launched on Sep 4, 2019. XUS.TO is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Apr 10, 2013. Both XSMH.TO and XUS.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XSMH.TO vs. XUS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged) (XSMH.TO) and iShares Core S&P 500 Index ETF (XUS.TO). The values are adjusted to include any dividend payments, if applicable.

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XSMH.TO vs. XUS.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XSMH.TO
iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged)		2.89%3.85%6.79%14.36%-17.98%26.43%7.18%5.17%
XUS.TO
iShares Core S&P 500 Index ETF		-3.09%12.19%35.16%23.31%-12.59%27.20%15.56%5.84%

Returns By Period

In the year-to-date period, XSMH.TO achieves a 2.89% return, which is significantly higher than XUS.TO's -3.09% return.

XSMH.TO

1D
1.22%
1M
-4.28%
YTD
2.89%
6M
3.99%
1Y
17.81%
3Y*
8.36%
5Y*
2.40%
10Y*
—

XUS.TO

1D
2.80%
1M
-3.10%
YTD
-3.09%
6M
-1.89%
1Y
13.65%
3Y*
19.14%
5Y*
13.75%
10Y*
14.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 U.S. Small-Cap Index ETF (CAD-Hedged)

iShares Core S&P 500 Index ETF

Often compared with XSMH.TO:
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Often compared with XUS.TO:
XUS.TO vs. XSP.TOXUS.TO vs. XEQT.TOXUS.TO vs. XUU.TOXUS.TO vs. ZSP.TOXUS.TO vs. VOOXUS.TO vs. XEF.TOXUS.TO vs. HXS.TO

XSMH.TO vs. XUS.TO - Expense Ratio Comparison

XSMH.TO has a 0.22% 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%.

XSMH.TO
iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged)
XUS.TO
iShares Core S&P 500 Index ETF

Return for Risk

XSMH.TO vs. XUS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSMH.TO
XSMH.TO Risk / Return Rank: 4747
Overall Rank
XSMH.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
XSMH.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
XSMH.TO Omega Ratio Rank: 4242
Omega Ratio Rank
XSMH.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
XSMH.TO Martin Ratio Rank: 5151
Martin Ratio Rank
XUS.TO
XUS.TO Risk / Return Rank: 4848
Overall Rank
XUS.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
XUS.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
XUS.TO Omega Ratio Rank: 4949
Omega Ratio Rank
XUS.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
XUS.TO Martin Ratio Rank: 5050
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.

XSMH.TO vs. XUS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged) (XSMH.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.

XSMH.TOXUS.TODifference

Sharpe ratio

Return per unit of total volatility

0.79

0.75

+0.04

Sortino ratio

Return per unit of downside risk

1.28

1.13

+0.15

Omega ratio

Gain probability vs. loss probability

1.17

1.18

-0.01

Calmar ratio

Return relative to maximum drawdown

1.24

1.19

+0.05

Martin ratio

Return relative to average drawdown

4.93

4.47

+0.46

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

XSMH.TO vs. XUS.TO - Sharpe Ratio Comparison

The current XSMH.TO Sharpe Ratio is 0.79, which is comparable to the XUS.TO Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of XSMH.TO and XUS.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XSMH.TOXUS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.79

0.75

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

0.93

-0.81

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

1.01

-0.75

Correlation

The correlation between XSMH.TO and XUS.TO is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XSMH.TO vs. XUS.TO - Dividend Comparison

XSMH.TO's dividend yield for the trailing twelve months is around 1.11%, less than XUS.TO's 1.30% yield.

TTM20252024202320222021202020192018201720162015
XSMH.TO
iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged)		1.11%1.14%1.72%0.81%0.93%1.07%0.43%1.59%0.00%0.00%0.00%0.00%
XUS.TO
iShares Core S&P 500 Index ETF		1.30%1.26%1.03%1.22%1.38%0.99%1.35%2.02%1.77%1.48%1.66%1.70%

Drawdowns

XSMH.TO vs. XUS.TO - Drawdown Comparison

The maximum XSMH.TO drawdown since its inception was -45.43%, 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 XSMH.TO and XUS.TO.

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Drawdown Indicators

XSMH.TOXUS.TODifference

Max Drawdown

Largest peak-to-trough decline

-45.43%

-27.23%

-18.20%

Max Drawdown (1Y)

Largest decline over 1 year

-14.83%

-12.50%

-2.33%

Max Drawdown (5Y)

Largest decline over 5 years

-28.90%

-21.85%

-7.05%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.23%

—

Current Drawdown

Current decline from peak

-6.23%

-6.07%

-0.16%

Average Drawdown

Average peak-to-trough decline

-11.68%

-3.49%

-8.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.72%

3.33%

+0.39%

Volatility

XSMH.TO vs. XUS.TO - Volatility Comparison

iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged) (XSMH.TO) has a higher volatility of 5.85% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 5.14%. This indicates that XSMH.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

XSMH.TOXUS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

5.14%

+0.71%

Volatility (6M)

Calculated over the trailing 6-month period

13.25%

9.38%

+3.87%

Volatility (1Y)

Calculated over the trailing 1-year period

22.60%

18.33%

+4.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.41%

14.93%

+6.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.28%

16.49%

+8.79%