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XSP.TO vs. TECK-B.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSP.TO vs. TECK-B.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 TECK-B.TO (Teck Resources Limited) is a stock. Over the past 10 years, XSP.TO returned 13.79%/yr vs 22.60%/yr for TECK-B.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

XSP.TO vs. TECK-B.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 Teck Resources Limited (TECK-B.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 lower than TECK-B.TO's 42.56% return. Over the past 10 years, XSP.TO has underperformed TECK-B.TO with an annualized return of 13.79%, while TECK-B.TO has yielded a comparatively higher 22.60% 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%

TECK-B.TO

1D
-4.28%
1M
20.95%
YTD
42.56%
6M
51.31%
1Y
85.45%
3Y*
18.42%
5Y*
27.43%
10Y*
22.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSP.TO vs. TECK-B.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%
TECK-B.TO
Teck Resources Limited		42.56%13.74%5.72%11.61%43.23%58.74%3.94%-22.78%-9.77%24.91%

Correlation

The correlation between XSP.TO and TECK-B.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.47

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

0.45

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

0.40

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

0.40

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

0.42

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

Teck Resources 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 TECK-B.TO:
TECK-B.TO vs. FCXTECK-B.TO vs. TECKTECK-B.TO vs. HXQ.TOTECK-B.TO vs. HBM.TOTECK-B.TO vs. QQQTECK-B.TO vs. SCHGTECK-B.TO vs. VFV.TO

Return for Risk

XSP.TO vs. TECK-B.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
TECK-B.TO
TECK-B.TO Risk / Return Rank: 8484
Overall Rank
TECK-B.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
TECK-B.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
TECK-B.TO Omega Ratio Rank: 8080
Omega Ratio Rank
TECK-B.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
TECK-B.TO Martin Ratio Rank: 8585
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. TECK-B.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 Teck Resources Limited (TECK-B.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.TOTECK-B.TODifference
Sharpe ratioReturn per unit of total volatility
2.15
1.93

+0.21

Sortino ratioReturn per unit of downside risk
2.96
2.58

+0.38

Omega ratioGain probability vs. loss probability

1.39

1.31

+0.08

Calmar ratioReturn relative to maximum drawdown

2.68

3.35

-0.66

Martin ratioReturn relative to average drawdown

12.40

8.84

+3.56

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. TECK-B.TO - Sharpe Ratio Comparison

The current XSP.TO Sharpe Ratio is 2.15, which is comparable to the TECK-B.TO Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of XSP.TO and TECK-B.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.TOTECK-B.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.15

1.93

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.64

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.48

+0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

-0.02

+0.39

Drawdowns

XSP.TO vs. TECK-B.TO - Drawdown Comparison

The maximum XSP.TO drawdown since its inception was -57.82%, smaller than the maximum TECK-B.TO drawdown of -98.12%. Use the drawdown chart below to compare losses from any high point for XSP.TO and TECK-B.TO.

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Drawdown Indicators

XSP.TOTECK-B.TODifference

Max Drawdown

Largest peak-to-trough decline

-57.82%

-98.12%

+40.30%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-25.67%

+16.26%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-42.51%

+23.74%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-42.51%

+17.07%

Max Drawdown (10Y)

Largest decline over 10 years

-36.05%

-76.97%

+40.92%

Current Drawdown

Current decline from peak

-0.73%

-31.36%

+30.63%

Average Drawdown

Average peak-to-trough decline

-12.11%

-75.53%

+63.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

9.70%

-7.67%

Volatility

XSP.TO vs. TECK-B.TO - Volatility Comparison

The current volatility for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) is 3.25%, while Teck Resources Limited (TECK-B.TO) has a volatility of 15.27%. This indicates that XSP.TO experiences smaller price fluctuations and is considered to be less risky than TECK-B.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.TOTECK-B.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

15.27%

-12.02%

Volatility (6M)

Calculated over the trailing 6-month period

8.99%

33.17%

-24.18%

Volatility (1Y)

Calculated over the trailing 1-year period

11.75%

44.41%

-32.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.75%

42.92%

-26.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.19%

47.07%

-28.88%

Dividends

XSP.TO vs. TECK-B.TO - Dividend Comparison

XSP.TO's dividend yield for the trailing twelve months is around 1.12%, more than TECK-B.TO's 0.53% yield.

PositionTTM20252024202320222021202020192018201720162015
TECK-B.TO
Teck Resources Limited		0.53%0.76%1.72%1.79%1.95%0.55%0.87%0.89%0.98%1.83%0.37%3.75%
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 TECK-B.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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