XUS-U.TO vs. VFVA

Last updated Jun 25, 2026

XUS-U.TO (iShares Core S&P 500 Index ETF) and VFVA (Vanguard U.S. Value Factor ETF) are both exchange-traded funds - XUS-U.TO is a S&P 500 fund tracking the S&P 500 Index, while VFVA is a Mid Cap Value Equities fund actively managed by Vanguard. XUS-U.TO is passively managed, while VFVA is actively managed. Over the past 5 years, XUS-U.TO returned 12.68%/yr vs 10.23%/yr for VFVA. A 0.60 correlation means they provide meaningful diversification when combined. XUS-U.TO charges 0.09%/yr vs 0.13%/yr for VFVA.

Performance

XUS-U.TO vs. VFVA - 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 Vanguard U.S. Value Factor ETF (VFVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XUS-U.TO achieves a 7.31% return, which is significantly lower than VFVA's 11.01% return.

XUS-U.TO

• 1D: -0.22%
• 1M: -2.32%
• YTD: 7.31%
• 6M: 6.55%
• 1Y: 21.86%
• 3Y*: 20.39%
• 5Y*: 12.68%
• 10Y*: —

VFVA

• 1D: 0.35%
• 1M: 1.47%
• YTD: 11.01%
• 6M: 9.60%
• 1Y: 26.98%
• 3Y*: 17.79%
• 5Y*: 10.23%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XUS-U.TO iShares Core S&P 500 Index ETF	7.31%	18.07%	24.74%	26.55%	-18.73%	27.72%	18.39%	8.13%
VFVA Vanguard U.S. Value Factor ETF	11.01%	14.77%	7.67%	17.37%	-3.96%	36.94%	2.28%	11.79%

Correlation

The correlation between XUS-U.TO and VFVA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 15, 2019	0.60

The correlation between XUS-U.TO and VFVA shifts across timeframes, from 0.54 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XUS-U.TO vs. VFVA — 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: 59
XUS-U.TO Sharpe Ratio Rank: 58
XUS-U.TO Sortino Ratio Rank: 58
XUS-U.TO Omega Ratio Rank: 58
XUS-U.TO Calmar Ratio Rank: 53
XUS-U.TO Martin Ratio Rank: 66

VFVA

VFVA Risk / Return Rank: 62
VFVA Sharpe Ratio Rank: 59
VFVA Sortino Ratio Rank: 63
VFVA Omega Ratio Rank: 57
VFVA Calmar Ratio Rank: 70
VFVA Martin Ratio Rank: 62

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. VFVA - 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 Vanguard U.S. Value Factor ETF (VFVA). 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.

	XUS-U.TO	VFVA	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.77	-0.02
Sortino ratio: Return per unit of downside risk	2.47	2.61	-0.14
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.36	3.17	-0.81
Martin ratio: Return relative to average drawdown	10.79	10.01	+0.78

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

The current XUS-U.TO Sharpe Ratio is 1.76, which is comparable to the VFVA Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of XUS-U.TO and VFVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XUS-U.TO vs. VFVA - Drawdown Comparison

The maximum XUS-U.TO drawdown since its inception was -33.55%, smaller than the maximum VFVA drawdown of -48.58%. Use the drawdown chart below to compare losses from any high point for XUS-U.TO and VFVA.

Drawdown Indicators

	XUS-U.TO	VFVA	Difference
Max Drawdown Largest peak-to-trough decline	-33.55%	-48.58%	+15.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-8.55%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.65%	-24.07%	+5.42%
Max Drawdown (5Y) Largest decline over 5 years	-24.96%	-24.07%	-0.89%
Current Drawdown Current decline from peak	-3.32%	-1.68%	-1.64%
Average Drawdown Average peak-to-trough decline	-5.41%	-7.32%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.70%	-0.67%

Volatility

XUS-U.TO vs. VFVA - Volatility Comparison

iShares Core S&P 500 Index ETF (XUS-U.TO) has a higher volatility of 4.44% compared to Vanguard U.S. Value Factor ETF (VFVA) at 3.70%. This indicates that XUS-U.TO's price experiences larger fluctuations and is considered to be riskier than VFVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUS-U.TO	VFVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	3.70%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	9.93%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	15.31%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	20.13%	-3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	24.29%	-5.12%

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

XUS-U.TO has a 0.09% expense ratio, which is lower than VFVA's 0.13% 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

XUS-U.TO vs. VFVA - Dividend Comparison

XUS-U.TO's dividend yield for the trailing twelve months is around 1.16%, less than VFVA's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
VFVA Vanguard U.S. Value Factor ETF	1.42%	2.13%	2.40%	2.45%	2.21%	1.68%	2.04%	2.08%	1.65%
XUS-U.TO iShares Core S&P 500 Index ETF	1.16%	1.25%	1.04%	1.19%	1.38%	0.89%	1.20%	0.05%	0.00%

Frequently Asked Questions

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

XUS-U.TO and VFVA have a correlation of 0.54, 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 VFVA?

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 VFVA?

XUS-U.TO is cheaper with a 0.09% expense ratio, compared with 0.13% for VFVA.

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

XUS-U.TO is categorized as S&P 500, while VFVA is Mid Cap Value Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for XUS-U.TO and 0.13% for VFVA.