XUS.TO vs. XUS-U.TO

Last updated Jun 4, 2026

XUS.TO (iShares Core S&P 500 Index ETF) and XUS-U.TO (iShares Core S&P 500 Index ETF) are both S&P 500 funds from iShares tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XUS.TO returned 16.78%/yr vs 16.56%/yr for XUS-U.TO. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.

Performance

XUS.TO vs. XUS-U.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 500 Index ETF (XUS-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with XUS.TO having a 12.21% return and XUS-U.TO slightly lower at 11.92%.

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%

XUS-U.TO

• 1D: -0.03%
• 1M: 7.46%
• YTD: 11.92%
• 6M: 10.34%
• 1Y: 29.46%
• 3Y*: 23.24%
• 5Y*: 16.56%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XUS.TO iShares Core S&P 500 Index ETF	12.21%	12.19%	35.16%	23.31%	-12.59%	27.20%	15.56%	6.38%
XUS-U.TO iShares Core S&P 500 Index ETF	11.92%	12.26%	35.04%	23.39%	-13.24%	26.58%	16.01%	6.29%

Correlation

The correlation between XUS.TO and XUS-U.TO is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 16, 2019	0.80

The correlation between XUS.TO and XUS-U.TO shifts across timeframes, from 0.80 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

XUS.TO

XUS.TO Risk / Return Rank: 73
XUS.TO Sharpe Ratio Rank: 77
XUS.TO Sortino Ratio Rank: 75
XUS.TO Omega Ratio Rank: 77
XUS.TO Calmar Ratio Rank: 67
XUS.TO Martin Ratio Rank: 68

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

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.TO vs. XUS-U.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 500 Index ETF (XUS-U.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	XUS-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.44	+0.10
Sortino ratio: Return per unit of downside risk	3.47	3.38	+0.09
Omega ratio: Gain probability vs. loss probability	1.47	1.44	+0.03
Calmar ratio: Return relative to maximum drawdown	3.41	3.31	+0.11
Martin ratio: Return relative to average drawdown	12.94	13.10	-0.16
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.TO vs. XUS-U.TO - Sharpe Ratio Comparison

The current XUS.TO Sharpe Ratio is 2.55, which is comparable to the XUS-U.TO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of XUS.TO and XUS-U.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.TO	XUS-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.44	+0.10
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	1.00	+0.08

Drawdowns

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

The maximum XUS.TO drawdown since its inception was -27.23%, roughly equal to the maximum XUS-U.TO drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for XUS.TO and XUS-U.TO.

Drawdown Indicators

	XUS.TO	XUS-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	-27.29%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-8.95%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-18.96%	-18.70%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-21.85%	-22.52%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-27.23%	—	—
Current Drawdown Current decline from peak	-0.31%	-0.03%	-0.28%
Average Drawdown Average peak-to-trough decline	-3.46%	-4.57%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.25%	+0.02%

Volatility

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

iShares Core S&P 500 Index ETF (XUS.TO) has a higher volatility of 3.19% compared to iShares Core S&P 500 Index ETF (XUS-U.TO) at 2.79%. This indicates that XUS.TO's price experiences larger fluctuations and is considered to be riskier than XUS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUS.TO	XUS-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	2.79%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	8.66%	9.13%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	12.13%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.92%	14.96%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	17.10%	-0.62%

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

Both XUS.TO and XUS-U.TO have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

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

XUS.TO's dividend yield for the trailing twelve months is around 1.12%, more than XUS-U.TO's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	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

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

XUS.TO and XUS-U.TO have a correlation of 0.89, 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.TO or XUS-U.TO?

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

XUS.TO and XUS-U.TO have the same expense ratio: 0.09% per year.

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

Both ETFs track S&P 500 Index.