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XSU.TO vs. XSMH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XSU.TO vs. XSMH.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) and iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged) (XSMH.TO).

XSU.TO and XSMH.TO 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. XSMH.TO is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index (CAD Hedged). It was launched on Sep 4, 2019. Both XSU.TO and XSMH.TO 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. XSMH.TO - 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 iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged) (XSMH.TO). The values are adjusted to include any dividend payments, if applicable.

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XSU.TO vs. XSMH.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
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%6.19%
XSMH.TO
iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged)		2.16%3.85%6.79%14.36%-17.98%26.43%7.18%5.17%

Returns By Period

In the year-to-date period, XSU.TO achieves a 1.01% return, which is significantly lower than XSMH.TO's 2.16% 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%

XSMH.TO

1D
-0.70%
1M
-5.62%
YTD
2.16%
6M
2.69%
1Y
16.71%
3Y*
8.11%
5Y*
2.25%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

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

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Often compared with XSMH.TO:
XSMH.TO vs. SMHXSMH.TO vs. XSMC.TOXSMH.TO vs. VFV.TOXSMH.TO vs. XUS.TOXSMH.TO vs. XMH.TOXSMH.TO vs. ZSML.TOXSMH.TO vs. XEI.TO

XSU.TO vs. XSMH.TO - Expense Ratio Comparison

XSU.TO has a 0.35% expense ratio, which is higher than XSMH.TO's 0.22% expense ratio.

XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)
XSMH.TO
iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged)

Return for Risk

XSU.TO vs. XSMH.TO — 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: 5757
Overall Rank
XSU.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSU.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
XSU.TO Omega Ratio Rank: 4949
Omega Ratio Rank
XSU.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
XSU.TO Martin Ratio Rank: 5959
Martin Ratio Rank
XSMH.TO
XSMH.TO Risk / Return Rank: 4040
Overall Rank
XSMH.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
XSMH.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
XSMH.TO Omega Ratio Rank: 3636
Omega Ratio Rank
XSMH.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
XSMH.TO Martin Ratio Rank: 4444
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. XSMH.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 S&P U.S. Small-Cap Index ETF (CAD-Hedged) (XSMH.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.TOXSMH.TODifference

Sharpe ratio

Return per unit of total volatility

1.02

0.74

+0.28

Sortino ratio

Return per unit of downside risk

1.56

1.22

+0.34

Omega ratio

Gain probability vs. loss probability

1.20

1.16

+0.04

Calmar ratio

Return relative to maximum drawdown

1.74

1.15

+0.59

Martin ratio

Return relative to average drawdown

6.20

4.53

+1.67

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. XSMH.TO - Sharpe Ratio Comparison

The current XSU.TO Sharpe Ratio is 1.02, which is higher than the XSMH.TO Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of XSU.TO and XSMH.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XSU.TOXSMH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

0.74

+0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.08

0.11

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.26

-0.03

Correlation

The correlation between XSU.TO and XSMH.TO is 0.77, 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. XSMH.TO - Dividend Comparison

XSU.TO's dividend yield for the trailing twelve months is around 0.84%, less than XSMH.TO's 1.12% yield.

TTM20252024202320222021202020192018201720162015
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%
XSMH.TO
iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged)		1.12%1.14%1.72%0.81%0.93%1.07%0.43%1.59%0.00%0.00%0.00%0.00%

Drawdowns

XSU.TO vs. XSMH.TO - Drawdown Comparison

The maximum XSU.TO drawdown since its inception was -62.62%, which is greater than XSMH.TO's maximum drawdown of -45.43%. Use the drawdown chart below to compare losses from any high point for XSU.TO and XSMH.TO.

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Drawdown Indicators

XSU.TOXSMH.TODifference

Max Drawdown

Largest peak-to-trough decline

-62.62%

-45.43%

-17.19%

Max Drawdown (1Y)

Largest decline over 1 year

-13.70%

-14.83%

+1.13%

Max Drawdown (5Y)

Largest decline over 5 years

-33.98%

-28.90%

-5.08%

Max Drawdown (10Y)

Largest decline over 10 years

-44.60%

—

—

Current Drawdown

Current decline from peak

-7.82%

-6.89%

-0.93%

Average Drawdown

Average peak-to-trough decline

-13.83%

-11.68%

-2.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

3.75%

+0.09%

Volatility

XSU.TO vs. XSMH.TO - Volatility Comparison

iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) has a higher volatility of 7.43% compared to iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged) (XSMH.TO) at 5.81%. This indicates that XSU.TO's price experiences larger fluctuations and is considered to be riskier than XSMH.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.TOXSMH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.43%

5.81%

+1.62%

Volatility (6M)

Calculated over the trailing 6-month period

14.94%

13.27%

+1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

23.48%

22.61%

+0.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.75%

21.41%

+1.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.44%

25.28%

-1.84%