XUS-U.TO vs. HIU.TO

Last updated Jun 4, 2026

XUS-U.TO (iShares Core S&P 500 Index ETF) and HIU.TO (BetaPro S&P 500 Daily Inverse ETF) are both exchange-traded funds - XUS-U.TO is a S&P 500 fund tracking the S&P 500 Index, while HIU.TO is a Inverse Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XUS-U.TO returned 13.33%/yr vs -12.88%/yr for HIU.TO. At a correlation of -0.75, they often move in opposite directions. XUS-U.TO charges 0.09%/yr vs 1.75%/yr for HIU.TO.

Performance

XUS-U.TO vs. HIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 Index ETF (XUS-U.TO) and BetaPro S&P 500 Daily Inverse ETF (HIU.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XUS-U.TO is traded in USD, while HIU.TO is traded in CAD. To make them comparable, the HIU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XUS-U.TO achieves a 10.51% return, which is significantly higher than HIU.TO's -10.34% return.

XUS-U.TO

• 1D: -0.44%
• 1M: 5.35%
• YTD: 10.51%
• 6M: 10.77%
• 1Y: 27.81%
• 3Y*: 21.82%
• 5Y*: 13.33%
• 10Y*: —

HIU.TO

• 1D: -0.04%
• 1M: -6.70%
• YTD: -10.34%
• 6M: -8.67%
• 1Y: -20.65%
• 3Y*: -15.77%
• 5Y*: -12.88%
• 10Y*: -14.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XUS-U.TO vs. HIU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XUS-U.TO iShares Core S&P 500 Index ETF	10.51%	17.66%	24.36%	26.17%	-19.01%	27.74%	18.01%	8.12%
HIU.TO BetaPro S&P 500 Daily Inverse ETF	-10.34%	-9.66%	-21.50%	-13.68%	11.16%	-23.97%	-23.30%	-5.63%

Correlation

The correlation between XUS-U.TO and HIU.TO is -0.85, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.85
Correlation (3Y) Calculated over the trailing 3-year period	-0.83
Correlation (5Y) Calculated over the trailing 5-year period	-0.82
Correlation (All Time) Calculated using the full available price history since Oct 16, 2019	-0.75

The correlation between XUS-U.TO and HIU.TO shifts across timeframes, from -0.85 (1 year) to -0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XUS-U.TO vs. HIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XUS-U.TO

XUS-U.TO Risk / Return Rank: 68
XUS-U.TO Sharpe Ratio Rank: 68
XUS-U.TO Sortino Ratio Rank: 69
XUS-U.TO Omega Ratio Rank: 68
XUS-U.TO Calmar Ratio Rank: 60
XUS-U.TO Martin Ratio Rank: 74

HIU.TO

HIU.TO Risk / Return Rank: 0
HIU.TO Sharpe Ratio Rank: 0
HIU.TO Sortino Ratio Rank: 0
HIU.TO Omega Ratio Rank: 0
HIU.TO Calmar Ratio Rank: 0
HIU.TO Martin Ratio Rank: 0

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.

XUS-U.TO vs. HIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 Index ETF (XUS-U.TO) and BetaPro S&P 500 Daily Inverse ETF (HIU.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.

	XUS-U.TO	HIU.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.30	-1.79	+4.10
Sortino ratio: Return per unit of downside risk	3.23	-2.60	+5.83
Omega ratio: Gain probability vs. loss probability	1.42	0.72	+0.70
Calmar ratio: Return relative to maximum drawdown	3.00	-0.98	+3.99
Martin ratio: Return relative to average drawdown	14.33	-1.76	+16.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUS-U.TO vs. HIU.TO - Sharpe Ratio Comparison

The current XUS-U.TO Sharpe Ratio is 2.30, which is higher than the HIU.TO Sharpe Ratio of -1.79. The chart below compares the historical Sharpe Ratios of XUS-U.TO and HIU.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.

Sharpe Ratios by Period

	XUS-U.TO	HIU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	-1.79	+4.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	-0.86	+1.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	-0.99	+1.83

Drawdowns

XUS-U.TO vs. HIU.TO - Drawdown Comparison

The maximum XUS-U.TO drawdown since its inception was -33.55%, smaller than the maximum HIU.TO drawdown of -93.89%. Use the drawdown chart below to compare losses from any high point for XUS-U.TO and HIU.TO.

Drawdown Indicators

	XUS-U.TO	HIU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-33.55%	-93.89%	+60.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-21.58%	+12.28%
Max Drawdown (3Y) Largest decline over 3 years	-18.65%	-42.02%	+23.37%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	-50.30%	+25.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-79.73%	—
Current Drawdown Current decline from peak	-0.44%	-93.89%	+93.45%
Average Drawdown Average peak-to-trough decline	-5.51%	-68.31%	+62.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	12.08%	-10.13%

Volatility

XUS-U.TO vs. HIU.TO - Volatility Comparison

iShares Core S&P 500 Index ETF (XUS-U.TO) and BetaPro S&P 500 Daily Inverse ETF (HIU.TO) have volatilities of 2.85% and 2.83%, 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.

Volatility by Period

	XUS-U.TO	HIU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	2.83%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	8.83%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	11.84%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.68%	15.10%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	16.53%	+2.66%

XUS-U.TO vs. HIU.TO - Expense Ratio Comparison

XUS-U.TO has a 0.09% expense ratio, which is lower than HIU.TO's 1.75% expense ratio.

Dividends

XUS-U.TO vs. HIU.TO - Dividend Comparison

XUS-U.TO's dividend yield for the trailing twelve months is around 0.82%, while HIU.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HIU.TO BetaPro S&P 500 Daily Inverse ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XUS-U.TO iShares Core S&P 500 Index ETF	0.82%	0.91%	0.74%	0.90%	1.04%	0.71%	0.91%	0.04%

Frequently Asked Questions

Can I hold both XUS-U.TO and HIU.TO in my portfolio?

XUS-U.TO and HIU.TO have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUS-U.TO or HIU.TO?

On fees, XUS-U.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUS-U.TO or HIU.TO?

XUS-U.TO is cheaper with a 0.09% expense ratio, compared with 1.75% for HIU.TO.

What is the main difference between XUS-U.TO and HIU.TO?

XUS-U.TO is categorized as S&P 500, while HIU.TO is Inverse Equities. Both ETFs track S&P 500 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.09% for XUS-U.TO and 1.75% for HIU.TO.