XSP.TO vs. VEQT.TO
XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - XSP.TO is a S&P 500 fund tracking the S&P 500 Index, while VEQT.TO is a Global Equities fund actively managed by Vanguard. XSP.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, XSP.TO returned 12.18%/yr vs 14.01%/yr for VEQT.TO. Their correlation of 0.89 suggests significant overlap in exposure. XSP.TO charges 0.09%/yr vs 0.24%/yr for VEQT.TO.
Performance
XSP.TO vs. VEQT.TO - Performance Comparison
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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 VEQT.TO's 12.75% 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%
VEQT.TO
- 1D
- -0.54%
- 1M
- 6.10%
- YTD
- 12.75%
- 6M
- 12.66%
- 1Y
- 31.65%
- 3Y*
- 22.37%
- 5Y*
- 14.01%
- 10Y*
- —
XSP.TO vs. VEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 18.79% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 12.75% | 20.37% | 24.73% | 16.70% | -10.76% | 19.62% | 11.42% | 12.94% |
Correlation
The correlation between XSP.TO and VEQT.TO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.89 |
The correlation between XSP.TO and VEQT.TO has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
XSP.TO vs. VEQT.TO - Sectors Allocation Comparison
Sectors
XSP.TO
VEQT.TO
Technology
Financial Services
Communication Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Real Estate
Basic Materials
Technology
XSP.TO
VEQT.TO
Financial Services
XSP.TO
VEQT.TO
Communication Services
XSP.TO
VEQT.TO
Consumer Cyclical
XSP.TO
VEQT.TO
Healthcare
XSP.TO
VEQT.TO
Industrials
XSP.TO
VEQT.TO
Consumer Defensive
XSP.TO
VEQT.TO
Energy
XSP.TO
VEQT.TO
Utilities
XSP.TO
VEQT.TO
Real Estate
XSP.TO
VEQT.TO
Basic Materials
XSP.TO
VEQT.TO
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Return for Risk
XSP.TO vs. VEQT.TO — Risk / Return Rank
XSP.TO
VEQT.TO
XSP.TO vs. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.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.TO | VEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.51 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.95 | -1.26 |
| Martin ratioReturn relative to average drawdown | 12.40 | 17.38 | -4.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XSP.TO | VEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.74 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.09 | -0.36 |
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 | 0.91 | -0.54 |
Drawdowns
XSP.TO vs. VEQT.TO - Drawdown Comparison
The maximum XSP.TO drawdown since its inception was -57.82%, which is greater than VEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for XSP.TO and VEQT.TO.
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Drawdown Indicators
| XSP.TO | VEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.82% | -30.45% | -27.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -8.05% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -15.46% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -18.32% | -7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.54% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -3.71% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.83% | +0.20% |
Volatility
XSP.TO vs. VEQT.TO - Volatility Comparison
The current volatility for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) is 3.25%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 3.68%. This indicates that XSP.TO experiences smaller price fluctuations and is considered to be less risky than VEQT.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.TO | VEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.68% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.99% | 9.37% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 11.61% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 12.90% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 15.77% | +2.42% |
XSP.TO vs. VEQT.TO - Expense Ratio Comparison
XSP.TO has a 0.09% expense ratio, which is lower than VEQT.TO's 0.24% 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. VEQT.TO - Dividend Comparison
XSP.TO's dividend yield for the trailing twelve months is around 1.12%, less than VEQT.TO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.26% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.42% | 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 VEQT.TO have a correlation of 0.87, 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 0.24% for VEQT.TO.
XSP.TO is categorized as S&P 500, while VEQT.TO is Global Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for XSP.TO and 0.24% for VEQT.TO.
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