XUS.TO vs. QUU.TO
XUS.TO (iShares Core S&P 500 Index ETF) and QUU.TO (Mackenzie US Large Cap Equity Index ETF) are both exchange-traded funds - XUS.TO is a S&P 500 fund tracking the S&P 500 Index, while QUU.TO is a Large Cap Blend Equities fund tracking the Solactive US Large Cap CAD Index. Both are passively managed. Over the past 5 years, XUS.TO returned 16.78%/yr vs 16.84%/yr for QUU.TO. Their correlation of 0.82 suggests significant overlap in exposure. XUS.TO charges 0.09%/yr vs 0.07%/yr for QUU.TO.
Performance
XUS.TO vs. QUU.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with XUS.TO having a 12.21% return and QUU.TO slightly higher at 12.55%.
XUS.TO
- 1D
- -0.31%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.39%
- 1Y
- 29.30%
- 3Y*
- 23.52%
- 5Y*
- 16.78%
- 10Y*
- 15.98%
QUU.TO
- 1D
- -0.02%
- 1M
- 7.58%
- YTD
- 12.55%
- 6M
- 10.69%
- 1Y
- 30.09%
- 3Y*
- 24.23%
- 5Y*
- 16.84%
- 10Y*
- —
XUS.TO vs. QUU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUS.TO iShares Core S&P 500 Index ETF | 12.21% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | -1.10% |
QUU.TO Mackenzie US Large Cap Equity Index ETF | 12.55% | 13.08% | 35.77% | 25.01% | -15.10% | 26.45% | 18.85% | 24.81% | -1.07% |
Correlation
The correlation between XUS.TO and QUU.TO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018 | 0.82 |
The correlation between XUS.TO and QUU.TO shifts across timeframes, from 0.82 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
XUS.TO vs. QUU.TO - Sectors Allocation Comparison
Sectors
XUS.TO
QUU.TO
Technology
Financial Services
Communication Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Real Estate
Basic Materials
Technology
XUS.TO
QUU.TO
Financial Services
XUS.TO
QUU.TO
Communication Services
XUS.TO
QUU.TO
Consumer Cyclical
XUS.TO
QUU.TO
Healthcare
XUS.TO
QUU.TO
Industrials
XUS.TO
QUU.TO
Consumer Defensive
XUS.TO
QUU.TO
Energy
XUS.TO
QUU.TO
Utilities
XUS.TO
QUU.TO
Real Estate
XUS.TO
QUU.TO
Basic Materials
XUS.TO
QUU.TO
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUS.TO vs. QUU.TO — Risk / Return Rank
XUS.TO
QUU.TO
XUS.TO vs. QUU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 Index ETF (XUS.TO) and Mackenzie US Large Cap Equity Index ETF (QUU.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.TO | QUU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.46 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.43 | -0.02 |
| Martin ratioReturn relative to average drawdown | 12.94 | 12.77 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XUS.TO | QUU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 2.47 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 1.11 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.92 | +0.16 |
Drawdowns
XUS.TO vs. QUU.TO - Drawdown Comparison
The maximum XUS.TO drawdown since its inception was -27.23%, roughly equal to the maximum QUU.TO drawdown of -26.86%. Use the drawdown chart below to compare losses from any high point for XUS.TO and QUU.TO.
Loading charts...
Drawdown Indicators
| XUS.TO | QUU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.23% | -26.86% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -8.81% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -19.23% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -24.00% | +2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -27.23% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.14% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -4.42% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.36% | -0.09% |
Volatility
XUS.TO vs. QUU.TO - Volatility Comparison
The current volatility for iShares Core S&P 500 Index ETF (XUS.TO) is 3.19%, while Mackenzie US Large Cap Equity Index ETF (QUU.TO) has a volatility of 3.79%. This indicates that XUS.TO experiences smaller price fluctuations and is considered to be less risky than QUU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUS.TO | QUU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.79% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 9.22% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 12.24% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 15.30% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 17.29% | -0.81% |
XUS.TO vs. QUU.TO - Expense Ratio Comparison
XUS.TO has a 0.09% expense ratio, which is higher than QUU.TO's 0.07% expense ratio. However, 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.TO vs. QUU.TO - Dividend Comparison
XUS.TO's dividend yield for the trailing twelve months is around 1.12%, more than QUU.TO's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QUU.TO Mackenzie US Large Cap Equity Index ETF | 0.88% | 0.97% | 1.00% | 1.21% | 1.59% | 0.98% | 1.34% | 1.59% | 1.55% | 0.00% | 0.00% | 0.00% |
XUS.TO iShares Core S&P 500 Index ETF | 1.12% | 1.26% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% |
Frequently Asked Questions
With a correlation of 0.96, XUS.TO and QUU.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, QUU.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QUU.TO is cheaper with a 0.07% expense ratio, compared with 0.09% for XUS.TO.
XUS.TO is categorized as S&P 500, while QUU.TO is Large Cap Blend Equities. XUS.TO tracks S&P 500 Index, while QUU.TO tracks Solactive US Large Cap CAD Index. They also come from different issuers: iShares and Mackenzie. Their fees differ too: 0.09% for XUS.TO and 0.07% for QUU.TO.
Find the right allocation for XUS.TO and QUU.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer