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XSU.TO vs. ^DJI
Performance
Return for Risk
Drawdowns
Volatility

XSU.TO vs. ^DJI

Last updated Jun 5, 2026

XSU.TO (iShares U.S. Small Cap Index ETF (CAD-Hedged)) is Small Cap Blend Equities fund tracking the Morningstar US SMID TR CAD, while ^DJI (Dow Jones Industrial Average) is an index. Over the past 10 years, XSU.TO returned 9.05%/yr vs 12.06%/yr for ^DJI. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

XSU.TO vs. ^DJI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) and Dow Jones Industrial Average (^DJI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XSU.TO is traded in CAD, while ^DJI is traded in USD. To make them comparable, the ^DJI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XSU.TO achieves a 17.66% return, which is significantly higher than ^DJI's 8.75% return. Over the past 10 years, XSU.TO has underperformed ^DJI with an annualized return of 9.05%, while ^DJI has yielded a comparatively higher 12.06% annualized return.

XSU.TO

1D
1.57%
1M
3.33%
YTD
17.66%
6M
15.15%
1Y
38.37%
3Y*
16.72%
5Y*
4.52%
10Y*
9.05%

^DJI

1D
1.83%
1M
6.83%
YTD
8.75%
6M
7.39%
1Y
23.59%
3Y*
16.70%
5Y*
11.32%
10Y*
12.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSU.TO vs. ^DJI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)		17.66%10.50%9.67%14.70%-21.66%12.77%15.71%23.81%-12.82%13.66%
^DJI
Dow Jones Industrial Average		8.75%7.79%22.58%11.20%-2.28%17.65%5.43%16.32%2.37%17.12%

Correlation

The correlation between XSU.TO and ^DJI is 0.67, 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

0.67

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

0.61

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

0.63

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

0.61

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2009

0.59

The correlation between XSU.TO and ^DJI has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Small Cap Index ETF (CAD-Hedged)

Dow Jones Industrial Average

Often compared with XSU.TO:
XSU.TO vs. XUS.TOXSU.TO vs. IWMXSU.TO vs. AVUVXSU.TO vs. XSP.TOXSU.TO vs. XSMH.TOXSU.TO vs. XEQT.TOXSU.TO vs. XSMC.TO
Often compared with ^DJI:
^DJI vs. SPY^DJI vs. DIA^DJI vs. ^DJT^DJI vs. QQQ^DJI vs. ^GSPC^DJI vs. SCHD^DJI vs. SDOW

Return for Risk

XSU.TO vs. ^DJI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSU.TO
XSU.TO Risk / Return Rank: 6161
Overall Rank
XSU.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
XSU.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
XSU.TO Omega Ratio Rank: 5454
Omega Ratio Rank
XSU.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XSU.TO Martin Ratio Rank: 6666
Martin Ratio Rank
^DJI
^DJI Risk / Return Rank: 6060
Overall Rank
^DJI Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
^DJI Sortino Ratio Rank: 6767
Sortino Ratio Rank
^DJI Omega Ratio Rank: 6161
Omega Ratio Rank
^DJI Calmar Ratio Rank: 5656
Calmar Ratio Rank
^DJI 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.

XSU.TO vs. ^DJI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) and Dow Jones Industrial Average (^DJI). 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.

XSU.TO^DJIDifference
Sharpe ratioReturn per unit of total volatility
1.96
1.94

+0.01

Sortino ratioReturn per unit of downside risk
2.76
2.78

-0.01

Omega ratioGain probability vs. loss probability

1.33

1.35

-0.02

Calmar ratioReturn relative to maximum drawdown

3.32

2.58

+0.75

Martin ratioReturn relative to average drawdown

11.83

9.02

+2.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSU.TO vs. ^DJI - Sharpe Ratio Comparison

The current XSU.TO Sharpe Ratio is 1.96, which is comparable to the ^DJI Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of XSU.TO and ^DJI, 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

XSU.TO^DJIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.96

1.94

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

0.87

-0.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.76

-0.37

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.88

-0.61

Drawdowns

XSU.TO vs. ^DJI - Drawdown Comparison

The maximum XSU.TO drawdown since its inception was -62.62%, which is greater than ^DJI's maximum drawdown of -31.18%. Use the drawdown chart below to compare losses from any high point for XSU.TO and ^DJI.

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Drawdown Indicators

XSU.TO^DJIDifference

Max Drawdown

Largest peak-to-trough decline

-62.62%

-31.18%

-31.44%

Max Drawdown (1Y)

Largest decline over 1 year

-11.60%

-9.20%

-2.40%

Max Drawdown (3Y)

Largest decline over 3 years

-28.16%

-18.73%

-9.43%

Max Drawdown (5Y)

Largest decline over 5 years

-33.98%

-18.73%

-15.25%

Max Drawdown (10Y)

Largest decline over 10 years

-44.60%

-31.18%

-13.42%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-13.72%

-3.13%

-10.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

2.62%

+0.63%

Volatility

XSU.TO vs. ^DJI - Volatility Comparison

iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) has a higher volatility of 5.78% compared to Dow Jones Industrial Average (^DJI) at 3.30%. This indicates that XSU.TO's price experiences larger fluctuations and is considered to be riskier than ^DJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSU.TO^DJIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.78%

3.30%

+2.48%

Volatility (6M)

Calculated over the trailing 6-month period

13.68%

9.56%

+4.12%

Volatility (1Y)

Calculated over the trailing 1-year period

19.68%

12.20%

+7.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.75%

13.11%

+9.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.49%

15.96%

+7.53%

Frequently Asked Questions

XSU.TO and ^DJI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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