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

XSP.TO vs. LVHI

Last updated Jun 9, 2026

XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - XSP.TO is a S&P 500 fund tracking the S&P 500 Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, XSP.TO returned 11.15%/yr vs 18.97%/yr for LVHI. At a 0.45 correlation, their price movements are largely independent. XSP.TO charges 0.09%/yr vs 0.40%/yr for LVHI.

Performance

XSP.TO vs. LVHI - 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 Franklin International Low Volatility High Dividend Index ETF (LVHI). 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 LVHI is traded in USD. To make them comparable, the LVHI 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 7.46% return, which is significantly lower than LVHI's 13.44% return.

XSP.TO

1D
0.25%
1M
0.19%
YTD
7.46%
6M
7.38%
1Y
22.08%
3Y*
19.32%
5Y*
11.15%
10Y*
13.25%

LVHI

1D
0.62%
1M
2.83%
YTD
13.44%
6M
14.41%
1Y
31.85%
3Y*
22.69%
5Y*
18.97%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSP.TO vs. LVHI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		7.46%15.68%23.39%24.33%-19.32%24.27%15.16%29.37%-6.25%20.69%
LVHI
Franklin International Low Volatility High Dividend Index ETF		13.48%21.32%24.53%14.66%10.42%18.13%-10.92%13.47%2.75%4.66%

Correlation

The correlation between XSP.TO and LVHI 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

0.40

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

0.44

Correlation (All Time)
Calculated using the full available price history since Jul 29, 2016

0.45

XSP.TO vs. LVHI - Sectors Allocation Comparison

Sectors
XSP.TO
LVHI

Technology

36.2%
0.1%

Financial Services

11.9%
23.6%

Communication Services

10.9%
5.8%

Consumer Cyclical

10.1%
5.3%

Healthcare

8.4%
7.4%

Industrials

8.1%
13.4%

Consumer Defensive

4.9%
8.7%

Energy

3.5%
17.4%

Utilities

2.3%
10.4%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
6.1%

Technology

XSP.TO
36.2%
LVHI
0.1%

Financial Services

XSP.TO
11.9%
LVHI
23.6%

Communication Services

XSP.TO
10.9%
LVHI
5.8%

Consumer Cyclical

XSP.TO
10.1%
LVHI
5.3%

Healthcare

XSP.TO
8.4%
LVHI
7.4%

Industrials

XSP.TO
8.1%
LVHI
13.4%

Consumer Defensive

XSP.TO
4.9%
LVHI
8.7%

Energy

XSP.TO
3.5%
LVHI
17.4%

Utilities

XSP.TO
2.3%
LVHI
10.4%

Real Estate

XSP.TO
1.9%
LVHI
1.9%

Basic Materials

XSP.TO
1.8%
LVHI
6.1%

Compare stocks, funds, or ETFs

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

Franklin International Low Volatility High Dividend Index 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 LVHI:
LVHI vs. SCHDLVHI vs. IDVLVHI vs. DIVILVHI vs. VYMILVHI vs. VOOLVHI vs. SPYLVHI vs. VFQY

Return for Risk

XSP.TO vs. LVHI — 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: 5353
Calmar Ratio Rank
XSP.TO Martin Ratio Rank: 6565
Martin Ratio Rank
LVHI
LVHI Risk / Return Rank: 9292
Overall Rank
LVHI Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
LVHI Sortino Ratio Rank: 9393
Sortino Ratio Rank
LVHI Omega Ratio Rank: 9393
Omega Ratio Rank
LVHI Calmar Ratio Rank: 8989
Calmar Ratio Rank
LVHI Martin Ratio Rank: 9191
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. LVHI - 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 Franklin International Low Volatility High Dividend Index ETF (LVHI). 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.TOLVHIDifference
Sharpe ratioReturn per unit of total volatility
1.85
3.09

-1.24

Sortino ratioReturn per unit of downside risk
2.52
4.34

-1.82

Omega ratioGain probability vs. loss probability

1.33

1.55

-0.22

Calmar ratioReturn relative to maximum drawdown

2.36

5.65

-3.29

Martin ratioReturn relative to average drawdown

10.81

19.22

-8.41

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. LVHI - Sharpe Ratio Comparison

The current XSP.TO Sharpe Ratio is 1.85, which is lower than the LVHI Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of XSP.TO and LVHI, 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.TOLVHIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

3.09

-1.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

1.48

-0.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.77

-0.28

Drawdowns

XSP.TO vs. LVHI - Drawdown Comparison

The maximum XSP.TO drawdown since its inception was -57.71%, which is greater than LVHI's maximum drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for XSP.TO and LVHI.

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Drawdown Indicators

XSP.TOLVHIDifference

Max Drawdown

Largest peak-to-trough decline

-57.71%

-29.52%

-28.19%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-5.66%

-3.75%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-12.48%

-6.29%

Max Drawdown (5Y)

Largest decline over 5 years

-27.51%

-12.48%

-15.03%

Max Drawdown (10Y)

Largest decline over 10 years

-36.05%

—

—

Current Drawdown

Current decline from peak

-2.71%

-0.53%

-2.18%

Average Drawdown

Average peak-to-trough decline

-9.46%

-4.54%

-4.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

1.66%

+0.39%

Volatility

XSP.TO vs. LVHI - Volatility Comparison

iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) has a higher volatility of 4.07% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.66%. This indicates that XSP.TO's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSP.TOLVHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.07%

2.66%

+1.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.40%

8.42%

+0.98%

Volatility (1Y)

Calculated over the trailing 1-year period

12.04%

10.37%

+1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.85%

12.84%

+4.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.24%

15.36%

+2.88%

XSP.TO vs. LVHI - Expense Ratio Comparison

XSP.TO has a 0.09% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

XSP.TO vs. LVHI - Dividend Comparison

XSP.TO's dividend yield for the trailing twelve months is around 1.14%, less than LVHI's 4.79% yield.

PositionTTM20252024202320222021202020192018201720162015
LVHI
Franklin International Low Volatility High Dividend Index ETF		4.79%4.92%3.98%8.12%7.74%4.13%3.97%6.67%10.67%3.38%2.02%0.00%
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 LVHI 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.

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 0.40% for LVHI.

XSP.TO is categorized as S&P 500, while LVHI is Volatility Hedged Equity. XSP.TO tracks S&P 500 Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.09% for XSP.TO and 0.40% for LVHI.

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