XUS.TO vs. XTOT.TO

Last updated Aug 4, 2026

XUS.TO (iShares Core S&P 500 Index ETF) and XTOT.TO (iShares Core S&P Total U.S. Stock Market Index ETF) are both exchange-traded funds - XUS.TO is a S&P 500 fund tracking the S&P 500 Index, while XTOT.TO is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Both are passively managed. Over the past year, XUS.TO returned 23.14% vs 23.39% for XTOT.TO. Their correlation of 0.89 means they have usually moved in the same direction. XUS.TO charges 0.09%/yr vs 0.07%/yr for XTOT.TO.

Performance

XUS.TO vs. XTOT.TO - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with XUS.TO having a 12.30% return and XTOT.TO slightly higher at 12.68%.

XUS.TO

• 1D: 0.71%
• 1M: -1.16%
• 6M: 10.55%
• YTD: 12.30%
• 1Y: 23.14%
• 3Y*: 21.67%
• 5Y*: 16.06%
• 10Y*: 16.92%
• ALL TIME*: 18.30%

XTOT.TO

• 1D: 0.66%
• 1M: -2.59%
• 6M: 10.85%
• YTD: 12.68%
• 1Y: 23.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF	CA$3.32M	CA$3.06M	CA$3.11M
XUS.TO iShares Core S&P 500 Index ETF	CA$5.87M	CA$5.77M	CA$7.35M

XUS.TO vs. XTOT.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XUS.TO iShares Core S&P 500 Index ETF	12.30%	16.50%
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF	12.68%	16.84%

Correlation

The correlation between XUS.TO and XTOT.TO is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.89

The correlation between XUS.TO and XTOT.TO has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

XUS.TO vs. XTOT.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XUS.TO

XUS.TO Risk / Return Rank: 69
XUS.TO Sharpe Ratio Rank: 70
XUS.TO Sortino Ratio Rank: 68
XUS.TO Omega Ratio Rank: 69
XUS.TO Calmar Ratio Rank: 67
XUS.TO Martin Ratio Rank: 70

XTOT.TO

XTOT.TO Risk / Return Rank: 58
XTOT.TO Sharpe Ratio Rank: 59
XTOT.TO Sortino Ratio Rank: 58
XTOT.TO Omega Ratio Rank: 59
XTOT.TO Calmar Ratio Rank: 58
XTOT.TO Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XUS.TO vs. XTOT.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 iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.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.

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.TO	XTOT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.45	+0.19
Sortino ratio: Return per unit of downside risk	2.28	2.05	+0.23
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	2.39	2.12	+0.27
Martin ratio: Return relative to average drawdown	8.73	6.97	+1.77

XUS.TO vs. XTOT.TO - Sharpe Ratio Comparison

The current XUS.TO Sharpe Ratio is 1.64, which is comparable to the XTOT.TO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of XUS.TO and XTOT.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.

Drawdowns

XUS.TO vs. XTOT.TO - Drawdown Comparison

The maximum XUS.TO drawdown since its inception was -27.24%, which is greater than XTOT.TO's maximum drawdown of -9.64%. Use the drawdown chart below to compare losses from any high point for XUS.TO and XTOT.TO.

Drawdown Indicators

	XUS.TO	XTOT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.24%	-9.64%	-17.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-9.64%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.24%	—	—
Current Drawdown Current decline from peak	-2.04%	-2.94%	+0.90%
Average Drawdown Average peak-to-trough decline	-3.22%	-1.82%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.94%	-0.57%

Volatility

XUS.TO vs. XTOT.TO - Volatility Comparison

iShares Core S&P 500 Index ETF (XUS.TO) has a higher volatility of 3.80% compared to iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.TO) at 3.51%. This indicates that XUS.TO's price experiences larger fluctuations and is considered to be riskier than XTOT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUS.TO	XTOT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	3.51%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	10.61%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	14.06%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	13.46%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	13.46%	+3.09%

XUS.TO vs. XTOT.TO - Expense Ratio Comparison

XUS.TO has a 0.09% expense ratio, which is higher than XTOT.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. XTOT.TO - Dividend Comparison

XUS.TO's dividend yield for the trailing twelve months is around 1.14%, more than XTOT.TO's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF	0.82%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XUS.TO iShares Core S&P 500 Index ETF	1.14%	1.26%	1.45%	2.43%	2.76%	1.99%	2.70%	4.05%	3.55%	2.96%	3.32%	3.41%

Frequently Asked Questions

Can I hold both XUS.TO and XTOT.TO in my portfolio?

With a correlation of 0.92, XUS.TO and XTOT.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.

Which ETF is better, XUS.TO or XTOT.TO?

On fees, XTOT.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUS.TO or XTOT.TO?

XTOT.TO is cheaper with a 0.07% expense ratio, compared with 0.09% for XUS.TO.

What is the main difference between XUS.TO and XTOT.TO?

XUS.TO is categorized as S&P 500, while XTOT.TO is Large Cap Blend Equities. XUS.TO tracks S&P 500 Index, while XTOT.TO tracks S&P Total Market Index. Their fees differ too: 0.09% for XUS.TO and 0.07% for XTOT.TO.