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XSP.TO vs. IDMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSP.TO vs. IDMO

Last updated Jun 13, 2026

XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - XSP.TO is a S&P 500 fund tracking the S&P 500 Index, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, XSP.TO returned 13.40%/yr vs 13.61%/yr for IDMO. At a 0.45 correlation, their price movements are largely independent. XSP.TO charges 0.09%/yr vs 0.25%/yr for IDMO.

Performance

XSP.TO vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XSP.TO is traded in CAD, while IDMO is traded in USD. To make them comparable, the IDMO 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 lower than IDMO's 10.42% return. Both investments have delivered pretty close results over the past 10 years, with XSP.TO having a 13.40% annualized return and IDMO not far ahead at 13.61%.

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%

IDMO

1D
1.59%
1M
0.10%
YTD
10.42%
6M
11.71%
1Y
25.94%
3Y*
27.10%
5Y*
18.90%
10Y*
13.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSP.TO vs. IDMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IDMO
Invesco S&P International Developed Momentum ETF		10.48%35.68%22.34%17.30%-6.45%14.25%19.11%20.89%-9.65%20.46%

Correlation

The correlation between XSP.TO and IDMO is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (10Y)
Calculated over the trailing 10-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2012

0.45

Over the past year, XSP.TO and IDMO have become more correlated (0.68) than their long-term average of 0.45, meaning their price movements have been converging.

XSP.TO vs. IDMO - Sectors Allocation Comparison

Sectors
XSP.TO
IDMO

Technology

36.2%
5.3%

Financial Services

11.9%
42.4%

Communication Services

10.9%
2.2%

Consumer Cyclical

10.1%
1.4%

Healthcare

8.4%
1.2%

Industrials

8.1%
22.6%

Consumer Defensive

4.9%
2.5%

Energy

3.5%
1.9%

Utilities

2.3%
8.4%

Real Estate

1.9%
2.0%

Basic Materials

1.8%
10.2%

Technology

XSP.TO
36.2%
IDMO
5.3%

Financial Services

XSP.TO
11.9%
IDMO
42.4%

Communication Services

XSP.TO
10.9%
IDMO
2.2%

Consumer Cyclical

XSP.TO
10.1%
IDMO
1.4%

Healthcare

XSP.TO
8.4%
IDMO
1.2%

Industrials

XSP.TO
8.1%
IDMO
22.6%

Consumer Defensive

XSP.TO
4.9%
IDMO
2.5%

Energy

XSP.TO
3.5%
IDMO
1.9%

Utilities

XSP.TO
2.3%
IDMO
8.4%

Real Estate

XSP.TO
1.9%
IDMO
2.0%

Basic Materials

XSP.TO
1.8%
IDMO
10.2%

Compare stocks, funds, or ETFs

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

iShares Core S&P 500 Index ETF (CAD-Hedged)

Invesco S&P International Developed Momentum ETF

Often compared with XSP.TO:
XSP.TO vs. XUS.TOXSP.TO vs. XEQT.TOXSP.TO vs. ZSP.TOXSP.TO vs. VSP.TOXSP.TO vs. XIU.TOXSP.TO vs. VFVAXSP.TO vs. XQQ.TO
Often compared with IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. AVDSIDMO vs. EFGIDMO vs. AVDV

Return for Risk

XSP.TO vs. IDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSP.TO
XSP.TO Risk / Return Rank: 6060
Overall Rank
XSP.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
XSP.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
XSP.TO Omega Ratio Rank: 6060
Omega Ratio Rank
XSP.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
XSP.TO Martin Ratio Rank: 6565
Martin Ratio Rank
IDMO
IDMO Risk / Return Rank: 4444
Overall Rank
IDMO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 4343
Sortino Ratio Rank
IDMO Omega Ratio Rank: 4242
Omega Ratio Rank
IDMO Calmar Ratio Rank: 4343
Calmar Ratio Rank
IDMO Martin Ratio Rank: 5151
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.

XSP.TO vs. IDMO - 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 Invesco S&P International Developed Momentum ETF (IDMO). 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.TOIDMODifference
Sharpe ratioReturn per unit of total volatility
1.77
1.42

+0.35

Sortino ratioReturn per unit of downside risk
2.42
2.09

+0.33

Omega ratioGain probability vs. loss probability

1.32

1.26

+0.06

Calmar ratioReturn relative to maximum drawdown

2.30

2.18

+0.11

Martin ratioReturn relative to average drawdown

10.35

8.89

+1.45

XSP.TO vs. IDMO - Sharpe Ratio Comparison

The current XSP.TO Sharpe Ratio is 1.77, which is comparable to the IDMO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of XSP.TO and IDMO, 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

XSP.TO vs. IDMO - Drawdown Comparison

The maximum XSP.TO drawdown since its inception was -57.71%, which is greater than IDMO's maximum drawdown of -30.46%. Use the drawdown chart below to compare losses from any high point for XSP.TO and IDMO.

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Drawdown Indicators

XSP.TOIDMODifference

Max Drawdown

Largest peak-to-trough decline

-57.71%

-30.46%

-27.25%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-11.93%

+2.52%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-13.13%

-5.64%

Max Drawdown (5Y)

Largest decline over 5 years

-27.51%

-21.90%

-5.61%

Max Drawdown (10Y)

Largest decline over 10 years

-36.05%

-25.51%

-10.54%

Current Drawdown

Current decline from peak

-2.45%

-0.66%

-1.79%

Average Drawdown

Average peak-to-trough decline

-9.46%

-6.98%

-2.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

2.93%

-0.84%

Volatility

XSP.TO vs. IDMO - Volatility Comparison

The current volatility for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) is 4.61%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 8.06%. This indicates that XSP.TO experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSP.TOIDMODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

8.06%

-3.45%

Volatility (6M)

Calculated over the trailing 6-month period

9.66%

16.29%

-6.63%

Volatility (1Y)

Calculated over the trailing 1-year period

12.22%

18.31%

-6.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.87%

19.00%

-2.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.24%

19.23%

-0.99%

XSP.TO vs. IDMO - Expense Ratio Comparison

XSP.TO has a 0.09% expense ratio, which is lower than IDMO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XSP.TO vs. IDMO - Dividend Comparison

XSP.TO's dividend yield for the trailing twelve months is around 1.14%, less than IDMO's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
IDMO
Invesco S&P International Developed Momentum ETF		3.52%3.71%2.24%2.89%3.66%1.81%1.63%2.78%3.27%3.08%2.18%2.52%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		1.14%1.23%1.09%1.18%1.37%1.01%1.31%1.73%1.86%1.45%1.76%1.88%

Frequently Asked Questions

XSP.TO and IDMO have a correlation of 0.68, 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 0.25% for IDMO.

XSP.TO is categorized as S&P 500, while IDMO is Momentum. XSP.TO tracks S&P 500 Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.09% for XSP.TO and 0.25% for IDMO.

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