XSU.TO vs. VFV.TO
XSU.TO (iShares U.S. Small Cap Index ETF (CAD-Hedged)) and VFV.TO (Vanguard S&P 500 Index ETF) are both exchange-traded funds - XSU.TO is a Small Cap Blend Equities fund tracking the Morningstar US SMID TR CAD, while VFV.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XSU.TO returned 8.99%/yr vs 16.04%/yr for VFV.TO. A 0.66 correlation means they provide meaningful diversification when combined. XSU.TO charges 0.35%/yr vs 0.09%/yr for VFV.TO.
Performance
XSU.TO vs. VFV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSU.TO achieves a 15.84% return, which is significantly higher than VFV.TO's 12.30% return. Over the past 10 years, XSU.TO has underperformed VFV.TO with an annualized return of 8.99%, while VFV.TO has yielded a comparatively higher 16.04% annualized return.
XSU.TO
- 1D
- -1.37%
- 1M
- 3.54%
- YTD
- 15.84%
- 6M
- 14.30%
- 1Y
- 35.82%
- 3Y*
- 15.60%
- 5Y*
- 4.20%
- 10Y*
- 8.99%
VFV.TO
- 1D
- -0.18%
- 1M
- 7.30%
- YTD
- 12.30%
- 6M
- 10.47%
- 1Y
- 29.48%
- 3Y*
- 23.57%
- 5Y*
- 16.84%
- 10Y*
- 16.04%
XSU.TO vs. VFV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSU.TO iShares U.S. Small Cap Index ETF (CAD-Hedged) | 15.84% | 10.50% | 9.67% | 14.70% | -21.66% | 12.77% | 15.71% | 23.81% | -12.82% | 13.66% |
VFV.TO Vanguard S&P 500 Index ETF | 12.30% | 12.18% | 35.23% | 23.23% | -12.58% | 27.51% | 15.62% | 25.14% | 2.94% | 13.67% |
Correlation
The correlation between XSU.TO and VFV.TO is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012 | 0.66 |
The correlation between XSU.TO and VFV.TO has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
XSU.TO vs. VFV.TO - Sectors Allocation Comparison
Sectors
XSU.TO
VFV.TO
Industrials
Technology
Healthcare
Financial Services
Consumer Cyclical
Real Estate
Energy
Basic Materials
Utilities
Communication Services
Consumer Defensive
Industrials
XSU.TO
VFV.TO
Technology
XSU.TO
VFV.TO
Healthcare
XSU.TO
VFV.TO
Financial Services
XSU.TO
VFV.TO
Consumer Cyclical
XSU.TO
VFV.TO
Real Estate
XSU.TO
VFV.TO
Energy
XSU.TO
VFV.TO
Basic Materials
XSU.TO
VFV.TO
Utilities
XSU.TO
VFV.TO
Communication Services
XSU.TO
VFV.TO
Consumer Defensive
XSU.TO
VFV.TO
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Return for Risk
XSU.TO vs. VFV.TO — Risk / Return Rank
XSU.TO
VFV.TO
XSU.TO vs. VFV.TO - 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 Vanguard S&P 500 Index ETF (VFV.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.
| XSU.TO | VFV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.48 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.44 | -0.33 |
| Martin ratioReturn relative to average drawdown | 11.04 | 13.10 | -2.05 |
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
| XSU.TO | VFV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.59 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 1.14 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.97 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.14 | -0.88 |
Drawdowns
XSU.TO vs. VFV.TO - Drawdown Comparison
The maximum XSU.TO drawdown since its inception was -62.62%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for XSU.TO and VFV.TO.
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Drawdown Indicators
| XSU.TO | VFV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.62% | -27.43% | -35.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -8.62% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -28.16% | -19.05% | -9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -33.98% | -22.19% | -11.79% |
Max Drawdown (10Y)Largest decline over 10 years | -44.60% | -27.43% | -17.17% |
Current DrawdownCurrent decline from peak | -1.53% | -0.18% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -3.35% | -10.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.26% | +0.99% |
Volatility
XSU.TO vs. VFV.TO - Volatility Comparison
iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) has a higher volatility of 5.84% compared to Vanguard S&P 500 Index ETF (VFV.TO) at 3.05%. This indicates that XSU.TO's price experiences larger fluctuations and is considered to be riskier than VFV.TO 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 | VFV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 3.05% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 8.55% | +5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 11.46% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.74% | 14.91% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 16.57% | +6.92% |
XSU.TO vs. VFV.TO - Expense Ratio Comparison
XSU.TO has a 0.35% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.
Dividends
XSU.TO vs. VFV.TO - Dividend Comparison
XSU.TO's dividend yield for the trailing twelve months is around 0.73%, less than VFV.TO's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 0.83% | 0.92% | 0.99% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% |
XSU.TO iShares U.S. Small Cap Index ETF (CAD-Hedged) | 0.73% | 0.85% | 0.93% | 1.09% | 1.28% | 0.73% | 0.79% | 1.00% | 1.12% | 0.95% | 1.16% | 1.28% |
Frequently Asked Questions
XSU.TO and VFV.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.35% for XSU.TO.
XSU.TO is categorized as Small Cap Blend Equities, while VFV.TO is S&P 500. XSU.TO tracks Morningstar US SMID TR CAD, while VFV.TO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for XSU.TO and 0.09% for VFV.TO.
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