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XUH.TO vs. XSP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUH.TO vs. XSP.TO

Last updated Jun 5, 2026

XUH.TO (iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)) and XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) are both exchange-traded funds - XUH.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while XSP.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XUH.TO returned 13.19%/yr vs 13.78%/yr for XSP.TO. Their correlation of 0.82 suggests significant overlap in exposure. XUH.TO charges 0.08%/yr vs 0.09%/yr for XSP.TO.

Performance

XUH.TO vs. XSP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.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, XUH.TO achieves a 9.59% return, which is significantly lower than XSP.TO's 10.07% return. Both investments have delivered pretty close results over the past 10 years, with XUH.TO having a 13.19% annualized return and XSP.TO not far ahead at 13.78%.

XUH.TO

1D
-0.66%
1M
4.13%
YTD
9.59%
6M
9.67%
1Y
24.90%
3Y*
19.81%
5Y*
11.17%
10Y*
13.19%

XSP.TO

1D
0.39%
1M
4.54%
YTD
10.07%
6M
9.82%
1Y
25.62%
3Y*
20.50%
5Y*
12.27%
10Y*
13.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XUH.TO vs. XSP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		9.59%15.11%22.45%24.06%-20.19%26.19%15.53%28.46%-7.51%20.10%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		10.07%15.68%23.39%24.33%-19.32%27.85%15.17%29.35%-6.26%20.71%

Correlation

The correlation between XUH.TO and XSP.TO is 0.94, 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

0.94

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

0.93

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

0.93

Correlation (10Y)
Calculated over the trailing 10-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2015

0.82

The correlation between XUH.TO and XSP.TO shifts across timeframes, from 0.82 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.

XUH.TO vs. XSP.TO - Sectors Allocation Comparison

Sectors
XUH.TO
XSP.TO

Technology

38.5%
36.2%

Financial Services

11.0%
11.9%

Communication Services

10.2%
10.9%

Consumer Cyclical

9.6%
10.1%

Industrials

8.3%
8.1%

Healthcare

8.2%
8.4%

Consumer Defensive

4.4%
4.9%

Energy

3.3%
3.5%

Utilities

2.5%
2.3%

Real Estate

2.0%
1.9%

Basic Materials

1.8%
1.8%

Technology

XUH.TO
38.5%
XSP.TO
36.2%

Financial Services

XUH.TO
11.0%
XSP.TO
11.9%

Communication Services

XUH.TO
10.2%
XSP.TO
10.9%

Consumer Cyclical

XUH.TO
9.6%
XSP.TO
10.1%

Industrials

XUH.TO
8.3%
XSP.TO
8.1%

Healthcare

XUH.TO
8.2%
XSP.TO
8.4%

Consumer Defensive

XUH.TO
4.4%
XSP.TO
4.9%

Energy

XUH.TO
3.3%
XSP.TO
3.5%

Utilities

XUH.TO
2.5%
XSP.TO
2.3%

Real Estate

XUH.TO
2.0%
XSP.TO
1.9%

Basic Materials

XUH.TO
1.8%
XSP.TO
1.8%

Compare stocks, funds, or ETFs

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iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)

iShares Core S&P 500 Index ETF (CAD-Hedged)

Often compared with XUH.TO:
XUH.TO vs. XUU.TOXUH.TO vs. XUU-U.TOXUH.TO vs. VFV.TOXUH.TO vs. XSU.TOXUH.TO vs. VSP.TOXUH.TO vs. IUSGXUH.TO vs. VYM
Often compared with XSP.TO:
XSP.TO vs. XUS.TOXSP.TO vs. XEQT.TOXSP.TO vs. ZSP.TOXSP.TO vs. VSP.TOXSP.TO vs. XIU.TOXSP.TO vs. VFVAXSP.TO vs. XQQ.TO

Return for Risk

XUH.TO vs. XSP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUH.TO
XUH.TO Risk / Return Rank: 6161
Overall Rank
XUH.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
XUH.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
XUH.TO Omega Ratio Rank: 6161
Omega Ratio Rank
XUH.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
XUH.TO Martin Ratio Rank: 6767
Martin Ratio Rank
XSP.TO
XSP.TO Risk / Return Rank: 6565
Overall Rank
XSP.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
XSP.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSP.TO Omega Ratio Rank: 6666
Omega Ratio Rank
XSP.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
XSP.TO Martin Ratio Rank: 6969
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.

XUH.TO vs. XSP.TO - 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 iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.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.

XUH.TOXSP.TODifference
Sharpe ratioReturn per unit of total volatility
2.02
2.19

-0.17

Sortino ratioReturn per unit of downside risk
2.82
3.01

-0.19

Omega ratioGain probability vs. loss probability

1.36

1.39

-0.03

Calmar ratioReturn relative to maximum drawdown

2.66

2.74

-0.07

Martin ratioReturn relative to average drawdown

12.06

12.64

-0.58

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

XUH.TO vs. XSP.TO - Sharpe Ratio Comparison

The current XUH.TO Sharpe Ratio is 2.02, which is comparable to the XSP.TO Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of XUH.TO and XSP.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

XUH.TOXSP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

2.19

-0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.74

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.76

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.37

+0.27

Drawdowns

XUH.TO vs. XSP.TO - Drawdown Comparison

The maximum XUH.TO drawdown since its inception was -38.37%, smaller than the maximum XSP.TO drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for XUH.TO and XSP.TO.

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Drawdown Indicators

XUH.TOXSP.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.37%

-57.82%

+19.45%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-9.41%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-19.32%

-18.77%

-0.55%

Max Drawdown (5Y)

Largest decline over 5 years

-26.11%

-25.44%

-0.67%

Max Drawdown (10Y)

Largest decline over 10 years

-38.37%

-36.05%

-2.32%

Current Drawdown

Current decline from peak

-0.66%

-0.34%

-0.32%

Average Drawdown

Average peak-to-trough decline

-4.96%

-12.11%

+7.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

2.03%

+0.04%

Volatility

XUH.TO vs. XSP.TO - Volatility Comparison

iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) have volatilities of 3.21% and 3.20%, 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.

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Volatility by Period

XUH.TOXSP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

3.20%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

9.36%

8.99%

+0.37%

Volatility (1Y)

Calculated over the trailing 1-year period

12.41%

11.75%

+0.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

16.74%

+0.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.70%

18.19%

+0.51%

XUH.TO vs. XSP.TO - Expense Ratio Comparison

XUH.TO has a 0.08% expense ratio, which is lower than XSP.TO's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XUH.TO vs. XSP.TO - Dividend Comparison

XUH.TO's dividend yield for the trailing twelve months is around 0.82%, less than XSP.TO's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		1.12%1.23%1.09%1.18%1.37%1.00%1.31%1.73%1.84%1.47%1.75%1.86%
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		0.82%0.91%1.10%1.15%1.40%0.98%1.25%1.67%1.81%1.25%1.63%1.62%

Frequently Asked Questions

With a correlation of 0.94, XUH.TO and XSP.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.

On fees, XUH.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUH.TO is cheaper with a 0.08% expense ratio, compared with 0.09% for XSP.TO.

XUH.TO is categorized as Large Cap Blend Equities, while XSP.TO is S&P 500. XUH.TO tracks Morningstar US Market TR CAD, while XSP.TO tracks S&P 500 Index. Their fees differ too: 0.08% for XUH.TO and 0.09% for XSP.TO.

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