PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XSP.TO vs. IMO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSP.TO vs. IMO.TO

Last updated Jun 4, 2026

XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) is S&P 500 fund tracking the S&P 500 Index, while IMO.TO (Imperial Oil Limited) is a stock. Over the past 10 years, XSP.TO returned 13.79%/yr vs 18.33%/yr for IMO.TO. At a 0.35 correlation, their price movements are largely independent.

Performance

XSP.TO vs. IMO.TO - 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 Imperial Oil Limited (IMO.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XSP.TO achieves a 9.64% return, which is significantly lower than IMO.TO's 48.95% return. Over the past 10 years, XSP.TO has underperformed IMO.TO with an annualized return of 13.79%, while IMO.TO has yielded a comparatively higher 18.33% annualized return.

XSP.TO

1D
-0.73%
1M
4.98%
YTD
9.64%
6M
9.50%
1Y
25.13%
3Y*
20.28%
5Y*
12.18%
10Y*
13.79%

IMO.TO

1D
2.03%
1M
-1.11%
YTD
48.95%
6M
31.48%
1Y
78.21%
3Y*
42.98%
5Y*
37.00%
10Y*
18.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSP.TO vs. IMO.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		9.64%15.68%23.39%24.33%-19.32%27.85%15.17%29.35%-6.26%20.71%
IMO.TO
Imperial Oil Limited		48.95%37.40%20.37%17.64%47.77%94.39%-26.99%1.80%-10.19%-14.64%

Correlation

The correlation between XSP.TO and IMO.TO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.03

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

0.11

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

0.20

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

0.29

Correlation (All Time)
Calculated using the full available price history since May 30, 2001

0.35

The correlation between XSP.TO and IMO.TO shifts across timeframes, from -0.03 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

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)

Imperial Oil Limited

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 IMO.TO:
IMO.TO vs. SU.TOIMO.TO vs. IMOIMO.TO vs. CVEIMO.TO vs. CNQ.TOIMO.TO vs. ENB.TOIMO.TO vs. VOOIMO.TO vs. CVX

Return for Risk

XSP.TO vs. IMO.TO — 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: 6161
Overall Rank
XSP.TO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
XSP.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
XSP.TO Omega Ratio Rank: 6262
Omega Ratio Rank
XSP.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
XSP.TO Martin Ratio Rank: 6666
Martin Ratio Rank
IMO.TO
IMO.TO Risk / Return Rank: 9191
Overall Rank
IMO.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
IMO.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
IMO.TO Omega Ratio Rank: 9090
Omega Ratio Rank
IMO.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
IMO.TO Martin Ratio Rank: 9292
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. IMO.TO - 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 Imperial Oil Limited (IMO.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.

XSP.TOIMO.TODifference
Sharpe ratioReturn per unit of total volatility
2.15
2.97

-0.82

Sortino ratioReturn per unit of downside risk
2.96
3.55

-0.58

Omega ratioGain probability vs. loss probability

1.39

1.44

-0.06

Calmar ratioReturn relative to maximum drawdown

2.68

4.44

-1.76

Martin ratioReturn relative to average drawdown

12.40

14.55

-2.15

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

XSP.TO vs. IMO.TO - Sharpe Ratio Comparison

The current XSP.TO Sharpe Ratio is 2.15, which is comparable to the IMO.TO Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of XSP.TO and IMO.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.

Loading charts...

Sharpe Ratios by Period

XSP.TOIMO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.15

2.97

-0.82

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

1.22

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.55

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.40

-0.03

Drawdowns

XSP.TO vs. IMO.TO - Drawdown Comparison

The maximum XSP.TO drawdown since its inception was -57.82%, smaller than the maximum IMO.TO drawdown of -78.70%. Use the drawdown chart below to compare losses from any high point for XSP.TO and IMO.TO.

Loading charts...

Drawdown Indicators

XSP.TOIMO.TODifference

Max Drawdown

Largest peak-to-trough decline

-57.82%

-78.70%

+20.88%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-17.70%

+8.29%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-20.83%

+2.06%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-26.59%

+1.15%

Max Drawdown (10Y)

Largest decline over 10 years

-36.05%

-75.21%

+39.16%

Current Drawdown

Current decline from peak

-0.73%

-7.25%

+6.52%

Average Drawdown

Average peak-to-trough decline

-12.11%

-18.07%

+5.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

5.39%

-3.36%

Volatility

XSP.TO vs. IMO.TO - Volatility Comparison

The current volatility for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) is 3.25%, while Imperial Oil Limited (IMO.TO) has a volatility of 10.46%. This indicates that XSP.TO experiences smaller price fluctuations and is considered to be less risky than IMO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XSP.TOIMO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

10.46%

-7.21%

Volatility (6M)

Calculated over the trailing 6-month period

8.99%

22.17%

-13.18%

Volatility (1Y)

Calculated over the trailing 1-year period

11.75%

26.52%

-14.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.75%

30.46%

-13.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.19%

33.41%

-15.22%

Dividends

XSP.TO vs. IMO.TO - Dividend Comparison

XSP.TO's dividend yield for the trailing twelve months is around 1.12%, less than IMO.TO's 1.72% yield.

PositionTTM20252024202320222021202020192018201720162015
IMO.TO
Imperial Oil Limited		1.72%2.43%2.71%2.57%2.21%2.26%3.64%2.47%2.11%1.61%1.26%1.20%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		1.12%1.23%1.09%1.18%1.37%1.00%1.31%1.73%1.84%1.47%1.75%1.86%

Frequently Asked Questions

XSP.TO and IMO.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for XSP.TO and IMO.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