XSU.TO vs. VTWO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) and Vanguard Russell 2000 ETF (VTWO).

XSU.TO and VTWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSU.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US SMID TR CAD. It was launched on May 14, 2007. VTWO is a passively managed fund by Vanguard that tracks the performance of the Russell 2000 Index. It was launched on Sep 20, 2010. Both XSU.TO and VTWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XSU.TO vs. VTWO - 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 Vanguard Russell 2000 ETF (VTWO). The values are adjusted to include any dividend payments, if applicable.

XSU.TO vs. VTWO - 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)	1.01%	10.50%	9.67%	14.70%	-21.66%	12.77%	15.71%	23.81%	-12.82%	13.66%
VTWO Vanguard Russell 2000 ETF	2.83%	7.72%	21.13%	14.50%	-14.83%	13.76%	18.19%	19.63%	-3.61%	7.38%

Different Trading Currencies

XSU.TO is traded in CAD, while VTWO is traded in USD. To make them comparable, the VTWO 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 1.01% return, which is significantly lower than VTWO's 2.83% return. Over the past 10 years, XSU.TO has underperformed VTWO with an annualized return of 7.97%, while VTWO has yielded a comparatively higher 10.69% annualized return.

XSU.TO

• 1D: 0.79%
• 1M: -5.40%
• YTD: 1.01%
• 6M: 2.18%
• 1Y: 23.79%
• 3Y*: 11.08%
• 5Y*: 1.70%
• 10Y*: 7.97%

VTWO

• 1D: 0.48%
• 1M: -3.69%
• YTD: 2.83%
• 6M: 3.20%
• 1Y: 23.01%
• 3Y*: 14.42%
• 5Y*: 5.77%
• 10Y*: 10.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XSU.TO vs. VTWO - Expense Ratio Comparison

XSU.TO has a 0.35% expense ratio, which is higher than VTWO's 0.10% expense ratio.

XSU.TO

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

VTWO

Vanguard Russell 2000 ETF

Return for Risk

XSU.TO vs. VTWO — 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: 57
XSU.TO Sharpe Ratio Rank: 54
XSU.TO Sortino Ratio Rank: 58
XSU.TO Omega Ratio Rank: 49
XSU.TO Calmar Ratio Rank: 64
XSU.TO Martin Ratio Rank: 59

VTWO

VTWO Risk / Return Rank: 65
VTWO Sharpe Ratio Rank: 63
VTWO Sortino Ratio Rank: 65
VTWO Omega Ratio Rank: 56
VTWO Calmar Ratio Rank: 72
VTWO Martin Ratio Rank: 68

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. VTWO - 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 Russell 2000 ETF (VTWO). 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	VTWO	Difference
Sharpe ratio Return per unit of total volatility	1.02	1.00	+0.02
Sortino ratio Return per unit of downside risk	1.56	1.48	+0.09
Omega ratio Gain probability vs. loss probability	1.20	1.19	0.00
Calmar ratio Return relative to maximum drawdown	1.74	1.63	+0.11
Martin ratio Return relative to average drawdown	6.20	5.29	+0.91
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. VTWO - Sharpe Ratio Comparison

The current XSU.TO Sharpe Ratio is 1.02, which is comparable to the VTWO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of XSU.TO and VTWO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XSU.TO	VTWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.00	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.29	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.51	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.65	-0.41

Correlation

The correlation between XSU.TO and VTWO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XSU.TO vs. VTWO - Dividend Comparison

XSU.TO's dividend yield for the trailing twelve months is around 0.84%, less than VTWO's 1.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XSU.TO iShares U.S. Small Cap Index ETF (CAD-Hedged)	0.84%	0.85%	0.93%	1.09%	1.28%	0.73%	0.79%	1.00%	1.12%	0.95%	1.16%	1.28%
VTWO Vanguard Russell 2000 ETF	1.25%	1.25%	1.21%	1.45%	1.48%	1.13%	0.92%	1.36%	1.41%	1.18%	1.27%	1.23%

Drawdowns

XSU.TO vs. VTWO - Drawdown Comparison

The maximum XSU.TO drawdown since its inception was -62.62%, which is greater than VTWO's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for XSU.TO and VTWO.

Drawdown Indicators

	XSU.TO	VTWO	Difference
Max Drawdown Largest peak-to-trough decline	-62.62%	-41.19%	-21.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.70%	-13.90%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-33.98%	-31.88%	-2.10%
Max Drawdown (10Y) Largest decline over 10 years	-44.60%	-41.19%	-3.41%
Current Drawdown Current decline from peak	-7.82%	-7.29%	-0.53%
Average Drawdown Average peak-to-trough decline	-13.83%	-8.47%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	3.74%	+0.10%

Volatility

XSU.TO vs. VTWO - Volatility Comparison

iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) and Vanguard Russell 2000 ETF (VTWO) have volatilities of 7.43% and 7.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSU.TO	VTWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	7.44%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	14.94%	14.49%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	23.48%	23.14%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	20.29%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	21.06%	+2.38%