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

XSP.TO vs. LSPD.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 LSPD.TO (Lightspeed Commerce Inc.) is a stock. Over the past 5 years, XSP.TO returned 12.18%/yr vs -31.68%/yr for LSPD.TO. At a 0.49 correlation, their price movements are largely independent.

Performance

XSP.TO vs. LSPD.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 Lightspeed Commerce Inc. (LSPD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XSP.TO achieves a 9.64% return, which is significantly higher than LSPD.TO's -22.04% 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%

LSPD.TO

1D
-3.51%
1M
-0.69%
YTD
-22.04%
6M
-18.45%
1Y
-14.67%
3Y*
-13.76%
5Y*
-31.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
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%18.28%
LSPD.TO
Lightspeed Commerce Inc.		-22.04%-24.45%-21.21%43.77%-62.12%-43.14%149.07%90.85%

Correlation

The correlation between XSP.TO and LSPD.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.49

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

0.55

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2019

0.49

The correlation between XSP.TO and LSPD.TO has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.

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)

Lightspeed Commerce Inc.

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 LSPD.TO:
LSPD.TO vs. SHOP.TOLSPD.TO vs. SHOPLSPD.TO vs. ^TNXLSPD.TO vs. SPYGLSPD.TO vs. FTNTLSPD.TO vs. FTSLSPD.TO vs. TD

Return for Risk

XSP.TO vs. LSPD.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
LSPD.TO
LSPD.TO Risk / Return Rank: 2626
Overall Rank
LSPD.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
LSPD.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
LSPD.TO Omega Ratio Rank: 2525
Omega Ratio Rank
LSPD.TO Calmar Ratio Rank: 2828
Calmar Ratio Rank
LSPD.TO Martin Ratio Rank: 2828
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. LSPD.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 Lightspeed Commerce Inc. (LSPD.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.TOLSPD.TODifference
Sharpe ratioReturn per unit of total volatility
2.15
-0.35

+2.50

Sortino ratioReturn per unit of downside risk
2.96
-0.25

+3.21

Omega ratioGain probability vs. loss probability

1.39

0.97

+0.41

Calmar ratioReturn relative to maximum drawdown

2.68

-0.38

+3.06

Martin ratioReturn relative to average drawdown

12.40

-0.67

+13.07

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. LSPD.TO - Sharpe Ratio Comparison

The current XSP.TO Sharpe Ratio is 2.15, which is higher than the LSPD.TO Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of XSP.TO and LSPD.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.

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Sharpe Ratios by Period

XSP.TOLSPD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.15

-0.35

+2.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

-0.54

+1.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

-0.08

+0.44

Drawdowns

XSP.TO vs. LSPD.TO - Drawdown Comparison

The maximum XSP.TO drawdown since its inception was -57.82%, smaller than the maximum LSPD.TO drawdown of -92.97%. Use the drawdown chart below to compare losses from any high point for XSP.TO and LSPD.TO.

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Drawdown Indicators

XSP.TOLSPD.TODifference

Max Drawdown

Largest peak-to-trough decline

-57.82%

-92.97%

+35.15%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-39.25%

+29.84%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-59.90%

+41.13%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-92.97%

+67.53%

Max Drawdown (10Y)

Largest decline over 10 years

-36.05%

—

—

Current Drawdown

Current decline from peak

-0.73%

-91.88%

+91.15%

Average Drawdown

Average peak-to-trough decline

-12.11%

-60.87%

+48.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

21.86%

-19.83%

Volatility

XSP.TO vs. LSPD.TO - Volatility Comparison

The current volatility for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) is 3.25%, while Lightspeed Commerce Inc. (LSPD.TO) has a volatility of 14.91%. This indicates that XSP.TO experiences smaller price fluctuations and is considered to be less risky than LSPD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSP.TOLSPD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

14.91%

-11.66%

Volatility (6M)

Calculated over the trailing 6-month period

8.99%

28.25%

-19.26%

Volatility (1Y)

Calculated over the trailing 1-year period

11.75%

42.02%

-30.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.75%

59.38%

-42.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.19%

67.63%

-49.44%

Dividends

XSP.TO vs. LSPD.TO - Dividend Comparison

XSP.TO's dividend yield for the trailing twelve months is around 1.12%, while LSPD.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
LSPD.TO
Lightspeed Commerce Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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 LSPD.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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