XUH.TO vs. ^GSPC
XUH.TO (iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)) is Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XUH.TO returned 12.69%/yr vs 14.08%/yr for ^GSPC. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
XUH.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XUH.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUH.TO achieves a 8.24% return, which is significantly lower than ^GSPC's 11.62% return. Over the past 10 years, XUH.TO has underperformed ^GSPC with an annualized return of 12.69%, while ^GSPC has yielded a comparatively higher 14.08% annualized return.
XUH.TO
- 1D
- -0.92%
- 1M
- 0.56%
- 6M
- 6.82%
- YTD
- 8.24%
- 1Y
- 17.03%
- 3Y*
- 16.87%
- 5Y*
- 10.51%
- 10Y*
- 12.69%
^GSPC
- 1D
- -1.05%
- 1M
- 0.76%
- 6M
- 8.56%
- YTD
- 11.62%
- 1Y
- 21.38%
- 3Y*
- 20.28%
- 5Y*
- 13.95%
- 10Y*
- 14.08%
XUH.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUH.TO iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) | 8.24% | 15.11% | 22.45% | 24.06% | -20.19% | 26.19% | 15.54% | 28.50% | -7.50% | 20.14% |
^GSPC S&P 500 Index | 11.62% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
Correlation
The correlation between XUH.TO and ^GSPC is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.70 |
The correlation between XUH.TO and ^GSPC shifts across timeframes, from 0.70 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XUH.TO vs. ^GSPC — Risk / Return Rank
XUH.TO
^GSPC
XUH.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XUH.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.34 | -0.52 |
| Martin ratioReturn relative to average drawdown | 7.81 | 8.65 | -0.84 |
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Drawdowns
XUH.TO vs. ^GSPC - Drawdown Comparison
The maximum XUH.TO drawdown since its inception was -38.37%, smaller than the maximum ^GSPC drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for XUH.TO and ^GSPC.
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Drawdown Indicators
| XUH.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.37% | -48.87% | +10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -9.17% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.32% | -19.59% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | -23.14% | -2.97% |
Max Drawdown (10Y)Largest decline over 10 years | -38.37% | -27.97% | -10.40% |
Current DrawdownCurrent decline from peak | -1.88% | -2.47% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -9.63% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.48% | -0.29% |
Volatility
XUH.TO vs. ^GSPC - Volatility Comparison
The current volatility for iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) is 3.31%, while S&P 500 Index (^GSPC) has a volatility of 3.68%. This indicates that XUH.TO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUH.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 3.68% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 10.42% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 12.95% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 17.95% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 19.12% | -0.43% |
Frequently Asked Questions
XUH.TO and ^GSPC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for XUH.TO and ^GSPC
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