XSP.TO vs. ETH-USD
XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) is S&P 500 fund tracking the S&P 500 Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, XSP.TO returned 13.40%/yr vs 57.97%/yr for ETH-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
XSP.TO vs. ETH-USD - Performance Comparison
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Different Trading Currencies
XSP.TO is traded in CAD, while ETH-USD is traded in USD. To make them comparable, the ETH-USD values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSP.TO achieves a 7.74% return, which is significantly higher than ETH-USD's -42.60% return. Over the past 10 years, XSP.TO has underperformed ETH-USD with an annualized return of 13.40%, while ETH-USD has yielded a comparatively higher 57.97% annualized return.
XSP.TO
- 1D
- 0.50%
- 1M
- -0.23%
- YTD
- 7.74%
- 6M
- 7.98%
- 1Y
- 21.53%
- 3Y*
- 18.82%
- 5Y*
- 11.07%
- 10Y*
- 13.40%
ETH-USD
- 1D
- 0.01%
- 1M
- -24.59%
- YTD
- -42.60%
- 6M
- -45.12%
- 1Y
- -35.45%
- 3Y*
- 0.11%
- 5Y*
- -3.92%
- 10Y*
- 57.97%
XSP.TO vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 7.74% | 15.68% | 23.39% | 24.33% | -19.32% | 24.27% | 15.16% | 29.37% | -6.25% | 20.69% |
ETH-USD Ethereum | -42.60% | -14.98% | 57.10% | 87.20% | -65.31% | 398.05% | 460.27% | -5.58% | -81.10% | 8,404.05% |
Correlation
The correlation between XSP.TO and ETH-USD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.18 |
Over the past year, XSP.TO and ETH-USD have become more correlated (0.38) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
XSP.TO vs. ETH-USD — Risk / Return Rank
XSP.TO
ETH-USD
XSP.TO vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) and Ethereum (ETH-USD). 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.
| XSP.TO | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.95 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.53 | +2.83 |
| Martin ratioReturn relative to average drawdown | 10.35 | -0.90 | +11.25 |
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Drawdowns
XSP.TO vs. ETH-USD - Drawdown Comparison
The maximum XSP.TO drawdown since its inception was -57.71%, smaller than the maximum ETH-USD drawdown of -93.08%. Use the drawdown chart below to compare losses from any high point for XSP.TO and ETH-USD.
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Drawdown Indicators
| XSP.TO | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.71% | -93.08% | +35.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -67.22% | +57.81% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -67.22% | +48.45% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -77.50% | +49.99% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -93.08% | +57.03% |
Current DrawdownCurrent decline from peak | -2.45% | -65.27% | +62.82% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -48.55% | +39.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 45.88% | -43.79% |
Volatility
XSP.TO vs. ETH-USD - Volatility Comparison
The current volatility for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) is 4.61%, while Ethereum (ETH-USD) has a volatility of 16.89%. This indicates that XSP.TO experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSP.TO | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 16.89% | -12.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 45.43% | -35.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.22% | 55.23% | -43.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 60.00% | -43.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 78.95% | -60.71% |
Frequently Asked Questions
XSP.TO and ETH-USD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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