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

XSP.TO vs. VOOG

Last updated Jun 4, 2026

XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) and VOOG (Vanguard S&P 500 Growth ETF) are both S&P 500 funds - XSP.TO tracks the S&P 500 Index while VOOG tracks the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, XSP.TO returned 13.79%/yr vs 19.01%/yr for VOOG. A 0.74 correlation means they provide meaningful diversification when combined. XSP.TO charges 0.09%/yr vs 0.07%/yr for VOOG.

Performance

XSP.TO vs. VOOG - 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 Vanguard S&P 500 Growth ETF (VOOG). 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 VOOG is traded in USD. To make them comparable, the VOOG 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 9.64% return, which is significantly lower than VOOG's 15.23% return. Over the past 10 years, XSP.TO has underperformed VOOG with an annualized return of 13.79%, while VOOG has yielded a comparatively higher 19.01% 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%

VOOG

1D
-0.52%
1M
9.59%
YTD
15.23%
6M
13.14%
1Y
35.77%
3Y*
29.62%
5Y*
19.34%
10Y*
19.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSP.TO vs. VOOG - 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%
VOOG
Vanguard S&P 500 Growth ETF		15.23%16.51%47.56%27.09%-24.45%30.76%31.09%24.50%8.25%19.09%

Correlation

The correlation between XSP.TO and VOOG is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.80

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

0.81

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

0.82

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

0.77

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2010

0.74

The correlation between XSP.TO and VOOG has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

XSP.TO vs. VOOG - Sectors Allocation Comparison

Sectors
XSP.TO
VOOG

Technology

36.2%
49.4%

Financial Services

11.9%
8.8%

Communication Services

10.9%
18.0%

Consumer Cyclical

10.1%
9.4%

Healthcare

8.4%
5.8%

Industrials

8.1%
6.2%

Consumer Defensive

4.9%
1.0%

Energy

3.5%
0.1%

Utilities

2.3%
0.4%

Real Estate

1.9%
0.6%

Basic Materials

1.8%
0.4%

Technology

XSP.TO
36.2%
VOOG
49.4%

Financial Services

XSP.TO
11.9%
VOOG
8.8%

Communication Services

XSP.TO
10.9%
VOOG
18.0%

Consumer Cyclical

XSP.TO
10.1%
VOOG
9.4%

Healthcare

XSP.TO
8.4%
VOOG
5.8%

Industrials

XSP.TO
8.1%
VOOG
6.2%

Consumer Defensive

XSP.TO
4.9%
VOOG
1.0%

Energy

XSP.TO
3.5%
VOOG
0.1%

Utilities

XSP.TO
2.3%
VOOG
0.4%

Real Estate

XSP.TO
1.9%
VOOG
0.6%

Basic Materials

XSP.TO
1.8%
VOOG
0.4%

Compare stocks, funds, or ETFs

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

Vanguard S&P 500 Growth 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 VOOG:
VOOG vs. VOOVOOG vs. VUGVOOG vs. VOOVVOOG vs. QQQVOOG vs. VGTVOOG vs. FSPGXVOOG vs. VONG

Return for Risk

XSP.TO vs. VOOG — 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
VOOG
VOOG Risk / Return Rank: 5858
Overall Rank
VOOG Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VOOG Sortino Ratio Rank: 6161
Sortino Ratio Rank
VOOG Omega Ratio Rank: 5959
Omega Ratio Rank
VOOG Calmar Ratio Rank: 5050
Calmar Ratio Rank
VOOG Martin Ratio Rank: 5858
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. VOOG - 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 S&P 500 Growth ETF (VOOG). 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.TOVOOGDifference
Sharpe ratioReturn per unit of total volatility
2.15
2.32

-0.17

Sortino ratioReturn per unit of downside risk
2.96
3.10

-0.14

Omega ratioGain probability vs. loss probability

1.39

1.41

-0.03

Calmar ratioReturn relative to maximum drawdown

2.68

2.58

+0.10

Martin ratioReturn relative to average drawdown

12.40

9.08

+3.31

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. VOOG - Sharpe Ratio Comparison

The current XSP.TO Sharpe Ratio is 2.15, which is comparable to the VOOG Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of XSP.TO and VOOG, 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.TOVOOGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.15

2.32

-0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

1.00

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

1.00

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

1.13

-0.77

Drawdowns

XSP.TO vs. VOOG - Drawdown Comparison

The maximum XSP.TO drawdown since its inception was -57.82%, which is greater than VOOG's maximum drawdown of -30.38%. Use the drawdown chart below to compare losses from any high point for XSP.TO and VOOG.

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Drawdown Indicators

XSP.TOVOOGDifference

Max Drawdown

Largest peak-to-trough decline

-57.82%

-30.38%

-27.44%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-13.91%

+4.50%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-22.76%

+3.99%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-30.38%

+4.94%

Max Drawdown (10Y)

Largest decline over 10 years

-36.05%

-30.38%

-5.67%

Current Drawdown

Current decline from peak

-0.73%

-0.52%

-0.21%

Average Drawdown

Average peak-to-trough decline

-12.11%

-4.60%

-7.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

3.95%

-1.92%

Volatility

XSP.TO vs. VOOG - Volatility Comparison

The current volatility for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) is 3.25%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 4.18%. This indicates that XSP.TO experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSP.TOVOOGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

4.18%

-0.93%

Volatility (6M)

Calculated over the trailing 6-month period

8.99%

12.04%

-3.05%

Volatility (1Y)

Calculated over the trailing 1-year period

11.75%

15.52%

-3.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.75%

19.48%

-2.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.19%

19.17%

-0.98%

XSP.TO vs. VOOG - Expense Ratio Comparison

XSP.TO has a 0.09% expense ratio, which is higher than VOOG's 0.07% expense ratio. However, 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. VOOG - Dividend Comparison

XSP.TO's dividend yield for the trailing twelve months is around 1.12%, more than VOOG's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
VOOG
Vanguard S&P 500 Growth ETF		0.44%0.49%0.49%1.12%0.93%0.53%0.88%1.26%1.34%1.32%1.47%1.56%
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 VOOG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VOOG is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOOG is cheaper with a 0.07% expense ratio, compared with 0.09% for XSP.TO.

XSP.TO tracks S&P 500 Index, while VOOG tracks S&P 500 Growth Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for XSP.TO and 0.07% for VOOG.

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