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XSUS.TO vs. XAW.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSUS.TO vs. XAW.TO

Last updated Jun 4, 2026

XSUS.TO (iShares ESG Aware MSCI USA Index ETF) and XAW.TO (iShares Core MSCI All Country World ex Canada Index ETF) are both exchange-traded funds - XSUS.TO is a Large Cap Growth Equities fund tracking the MSCI USA Extended ESG Focus Index, while XAW.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD. Both are passively managed. Over the past 5 years, XSUS.TO returned 14.81%/yr vs 13.96%/yr for XAW.TO. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.22% expense ratio.

Performance

XSUS.TO vs. XAW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Aware MSCI USA Index ETF (XSUS.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XSUS.TO achieves a 12.45% return, which is significantly lower than XAW.TO's 13.70% return.

XSUS.TO

1D
-0.23%
1M
7.89%
YTD
12.45%
6M
8.87%
1Y
27.43%
3Y*
21.61%
5Y*
14.81%
10Y*
—

XAW.TO

1D
-0.37%
1M
7.13%
YTD
13.70%
6M
12.70%
1Y
30.51%
3Y*
21.73%
5Y*
13.96%
10Y*
13.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSUS.TO vs. XAW.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XSUS.TO
iShares ESG Aware MSCI USA Index ETF		12.45%9.48%32.85%21.80%-15.17%26.44%18.78%13.32%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		13.70%15.87%26.31%18.45%-11.84%18.38%12.37%9.81%

Correlation

The correlation between XSUS.TO and XAW.TO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.92

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

0.89

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

0.86

Correlation (All Time)
Calculated using the full available price history since Mar 25, 2019

0.80

The correlation between XSUS.TO and XAW.TO shifts across timeframes, from 0.80 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

XSUS.TO vs. XAW.TO - Sectors Allocation Comparison

Sectors
XSUS.TO
XAW.TO

Technology

38.4%
32.6%

Financial Services

11.6%
13.7%

Communication Services

9.8%
8.7%

Consumer Cyclical

9.5%
8.8%

Healthcare

8.6%
7.8%

Industrials

8.3%
9.1%

Consumer Defensive

4.0%
4.6%

Energy

3.5%
3.3%

Utilities

2.4%
2.2%

Real Estate

2.1%
1.4%

Basic Materials

1.6%
2.8%

Technology

XSUS.TO
38.4%
XAW.TO
32.6%

Financial Services

XSUS.TO
11.6%
XAW.TO
13.7%

Communication Services

XSUS.TO
9.8%
XAW.TO
8.7%

Consumer Cyclical

XSUS.TO
9.5%
XAW.TO
8.8%

Healthcare

XSUS.TO
8.6%
XAW.TO
7.8%

Industrials

XSUS.TO
8.3%
XAW.TO
9.1%

Consumer Defensive

XSUS.TO
4.0%
XAW.TO
4.6%

Energy

XSUS.TO
3.5%
XAW.TO
3.3%

Utilities

XSUS.TO
2.4%
XAW.TO
2.2%

Real Estate

XSUS.TO
2.1%
XAW.TO
1.4%

Basic Materials

XSUS.TO
1.6%
XAW.TO
2.8%

Compare stocks, funds, or ETFs

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iShares ESG Aware MSCI USA Index ETF

iShares Core MSCI All Country World ex Canada Index ETF

Often compared with XSUS.TO:
XSUS.TO vs. XUSR.TOXSUS.TO vs. XEQT.TOXSUS.TO vs. XINC.TOXSUS.TO vs. DSIXSUS.TO vs. XSAB.TOXSUS.TO vs. VFV.TOXSUS.TO vs. SCHD
Often compared with XAW.TO:
XAW.TO vs. XEQT.TOXAW.TO vs. VXC.TOXAW.TO vs. VEQT.TOXAW.TO vs. XUU.TOXAW.TO vs. XIC.TOXAW.TO vs. XGRO.TOXAW.TO vs. VT

Return for Risk

XSUS.TO vs. XAW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSUS.TO
XSUS.TO Risk / Return Rank: 6363
Overall Rank
XSUS.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
XSUS.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
XSUS.TO Omega Ratio Rank: 7171
Omega Ratio Rank
XSUS.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
XSUS.TO Martin Ratio Rank: 5454
Martin Ratio Rank
XAW.TO
XAW.TO Risk / Return Rank: 7676
Overall Rank
XAW.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
XAW.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XAW.TO Omega Ratio Rank: 7878
Omega Ratio Rank
XAW.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
XAW.TO Martin Ratio Rank: 7777
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.

XSUS.TO vs. XAW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI USA Index ETF (XSUS.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.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.

XSUS.TOXAW.TODifference
Sharpe ratioReturn per unit of total volatility
2.30
2.50

-0.21

Sortino ratioReturn per unit of downside risk
3.16
3.49

-0.33

Omega ratioGain probability vs. loss probability

1.42

1.48

-0.05

Calmar ratioReturn relative to maximum drawdown

2.74

3.76

-1.02

Martin ratioReturn relative to average drawdown

9.30

15.15

-5.86

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

XSUS.TO vs. XAW.TO - Sharpe Ratio Comparison

The current XSUS.TO Sharpe Ratio is 2.30, which is comparable to the XAW.TO Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of XSUS.TO and XAW.TO, 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

XSUS.TOXAW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

2.50

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.99

1.04

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.96

0.78

+0.17

Drawdowns

XSUS.TO vs. XAW.TO - Drawdown Comparison

The maximum XSUS.TO drawdown since its inception was -28.32%, roughly equal to the maximum XAW.TO drawdown of -27.32%. Use the drawdown chart below to compare losses from any high point for XSUS.TO and XAW.TO.

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Drawdown Indicators

XSUS.TOXAW.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.32%

-27.32%

-1.00%

Max Drawdown (1Y)

Largest decline over 1 year

-10.05%

-8.16%

-1.89%

Max Drawdown (3Y)

Largest decline over 3 years

-20.45%

-16.66%

-3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-24.02%

-21.02%

-3.00%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.32%

—

Current Drawdown

Current decline from peak

-0.23%

-0.37%

+0.14%

Average Drawdown

Average peak-to-trough decline

-4.98%

-3.91%

-1.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

2.02%

+0.94%

Volatility

XSUS.TO vs. XAW.TO - Volatility Comparison

The current volatility for iShares ESG Aware MSCI USA Index ETF (XSUS.TO) is 2.91%, while iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) has a volatility of 4.21%. This indicates that XSUS.TO experiences smaller price fluctuations and is considered to be less risky than XAW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSUS.TOXAW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.91%

4.21%

-1.30%

Volatility (6M)

Calculated over the trailing 6-month period

9.19%

9.85%

-0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

12.25%

-0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.06%

13.56%

+1.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.58%

15.12%

+1.46%

XSUS.TO vs. XAW.TO - Expense Ratio Comparison

Both XSUS.TO and XAW.TO have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XSUS.TO vs. XAW.TO - Dividend Comparison

XSUS.TO's dividend yield for the trailing twelve months is around 0.74%, less than XAW.TO's 1.17% yield.

PositionTTM20252024202320222021202020192018201720162015
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		1.17%1.33%1.61%1.71%1.79%1.77%1.49%2.02%2.29%1.92%1.80%1.83%
XSUS.TO
iShares ESG Aware MSCI USA Index ETF		0.74%0.83%0.81%1.09%0.96%0.83%0.92%0.66%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.92, XSUS.TO and XAW.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.22% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XSUS.TO and XAW.TO have the same expense ratio: 0.22% per year.

XSUS.TO is categorized as Large Cap Growth Equities, while XAW.TO is Global Equities. XSUS.TO tracks MSCI USA Extended ESG Focus Index, while XAW.TO tracks Morningstar Gbl GR CAD.

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