XSP.TO vs. ZHU.TO
XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) and ZHU.TO (BMO Equal Weight US Health Care Index ETF) are both exchange-traded funds - XSP.TO is a S&P 500 fund tracking the S&P 500 Index, while ZHU.TO is a fund fund. Over the past 5 years, XSP.TO returned 12.18%/yr vs 1.51%/yr for ZHU.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
XSP.TO vs. ZHU.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 higher than ZHU.TO's -3.69% 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%
ZHU.TO
- 1D
- -2.11%
- 1M
- 2.86%
- YTD
- -3.69%
- 6M
- -5.58%
- 1Y
- 10.52%
- 3Y*
- 2.00%
- 5Y*
- 1.51%
- 10Y*
- —
XSP.TO vs. ZHU.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% | 16.33% |
ZHU.TO BMO Equal Weight US Health Care Index ETF | -3.69% | 3.43% | 5.43% | -1.57% | -9.75% | 16.84% | 17.53% | 11.17% |
Correlation
The correlation between XSP.TO and ZHU.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.34 |
The correlation between XSP.TO and ZHU.TO shifts across timeframes, from 0.16 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
XSP.TO vs. ZHU.TO - Sectors Allocation Comparison
Sectors
XSP.TO
ZHU.TO
Technology
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Financial Services
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Communication Services
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Consumer Cyclical
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Healthcare
Industrials
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Consumer Defensive
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Energy
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Utilities
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Real Estate
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Basic Materials
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Technology
XSP.TO
ZHU.TO
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Financial Services
XSP.TO
ZHU.TO
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Communication Services
XSP.TO
ZHU.TO
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Consumer Cyclical
XSP.TO
ZHU.TO
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Healthcare
XSP.TO
ZHU.TO
Industrials
XSP.TO
ZHU.TO
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Consumer Defensive
XSP.TO
ZHU.TO
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Energy
XSP.TO
ZHU.TO
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Utilities
XSP.TO
ZHU.TO
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Real Estate
XSP.TO
ZHU.TO
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Basic Materials
XSP.TO
ZHU.TO
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Return for Risk
XSP.TO vs. ZHU.TO — Risk / Return Rank
XSP.TO
ZHU.TO
XSP.TO vs. ZHU.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 BMO Equal Weight US Health Care Index ETF (ZHU.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 | ZHU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.11 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 0.90 | +1.78 |
| Martin ratioReturn relative to average drawdown | 12.40 | 2.02 | +10.37 |
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 | ZHU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 0.60 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.09 | +0.64 |
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 | 0.29 | +0.08 |
Drawdowns
XSP.TO vs. ZHU.TO - Drawdown Comparison
The maximum XSP.TO drawdown since its inception was -57.82%, which is greater than ZHU.TO's maximum drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for XSP.TO and ZHU.TO.
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Drawdown Indicators
| XSP.TO | ZHU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.82% | -27.25% | -30.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -10.95% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -21.51% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -27.25% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -9.50% | +8.77% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -8.89% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 4.87% | -2.84% |
Volatility
XSP.TO vs. ZHU.TO - Volatility Comparison
The current volatility for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) is 3.25%, while BMO Equal Weight US Health Care Index ETF (ZHU.TO) has a volatility of 4.72%. This indicates that XSP.TO experiences smaller price fluctuations and is considered to be less risky than ZHU.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 | ZHU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 4.72% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.99% | 11.87% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 16.61% | -4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 16.02% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 17.52% | +0.67% |
Dividends
XSP.TO vs. ZHU.TO - Dividend Comparison
XSP.TO's dividend yield for the trailing twelve months is around 1.12%, more than ZHU.TO's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZHU.TO BMO Equal Weight US Health Care Index ETF | 0.56% | 0.54% | 0.58% | 0.97% | 0.43% | 0.13% | 0.37% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSP.TO and ZHU.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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