XSU.TO vs. XDIV.TO
XSU.TO (iShares U.S. Small Cap Index ETF (CAD-Hedged)) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - XSU.TO is a Small Cap Blend Equities fund tracking the Morningstar US SMID TR CAD, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, XSU.TO returned 4.20%/yr vs 16.42%/yr for XDIV.TO. A 0.58 correlation means they provide meaningful diversification when combined. XSU.TO charges 0.35%/yr vs 0.11%/yr for XDIV.TO.
Performance
XSU.TO vs. XDIV.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 lower than XDIV.TO's 19.17% 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%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
XSU.TO vs. XDIV.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% | 9.04% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Correlation
The correlation between XSU.TO and XDIV.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.58 |
The correlation between XSU.TO and XDIV.TO shifts across timeframes, from 0.43 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
XSU.TO vs. XDIV.TO - Sectors Allocation Comparison
Sectors
XSU.TO
XDIV.TO
Industrials
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Technology
Healthcare
-
Financial Services
Consumer Cyclical
Real Estate
-
Energy
Basic Materials
-
Utilities
Communication Services
Consumer Defensive
-
Industrials
XSU.TO
XDIV.TO
-
Technology
XSU.TO
XDIV.TO
Healthcare
XSU.TO
XDIV.TO
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Financial Services
XSU.TO
XDIV.TO
Consumer Cyclical
XSU.TO
XDIV.TO
Real Estate
XSU.TO
XDIV.TO
-
Energy
XSU.TO
XDIV.TO
Basic Materials
XSU.TO
XDIV.TO
-
Utilities
XSU.TO
XDIV.TO
Communication Services
XSU.TO
XDIV.TO
Consumer Defensive
XSU.TO
XDIV.TO
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Return for Risk
XSU.TO vs. XDIV.TO — Risk / Return Rank
XSU.TO
XDIV.TO
XSU.TO vs. XDIV.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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.68 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 2.03 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 16.64 | -13.54 |
| Martin ratioReturn relative to average drawdown | 11.04 | 56.55 | -45.50 |
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 | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 4.94 | -3.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 1.57 | -1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.81 | -0.55 |
Drawdowns
XSU.TO vs. XDIV.TO - Drawdown Comparison
The maximum XSU.TO drawdown since its inception was -62.62%, which is greater than XDIV.TO's maximum drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for XSU.TO and XDIV.TO.
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Drawdown Indicators
| XSU.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.62% | -41.30% | -21.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -2.33% | -9.27% |
Max Drawdown (3Y)Largest decline over 3 years | -28.16% | -10.53% | -17.63% |
Max Drawdown (5Y)Largest decline over 5 years | -33.98% | -17.60% | -16.38% |
Max Drawdown (10Y)Largest decline over 10 years | -44.60% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -0.09% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -4.25% | -9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 0.69% | +2.56% |
Volatility
XSU.TO vs. XDIV.TO - Volatility Comparison
iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) has a higher volatility of 5.84% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that XSU.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 2.81% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 6.36% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 7.85% | +11.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.74% | 10.53% | +12.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 16.01% | +7.48% |
XSU.TO vs. XDIV.TO - Expense Ratio Comparison
XSU.TO has a 0.35% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Dividends
XSU.TO vs. XDIV.TO - Dividend Comparison
XSU.TO's dividend yield for the trailing twelve months is around 0.73%, less than XDIV.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% | 0.00% |
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 XDIV.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.35% for XSU.TO.
XSU.TO is categorized as Small Cap Blend Equities, while XDIV.TO is Dividend. XSU.TO tracks Morningstar US SMID TR CAD, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.35% for XSU.TO and 0.11% for XDIV.TO.
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