XUSC.TO vs. XUU-U.TO

Last updated Jun 4, 2026

XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) and XUU-U.TO (iShares Core S&P U.S. Total Market Index ETF) are both Large Cap Blend Equities funds from iShares - XUSC.TO tracks the S&P 500 3% Capped Index while XUU-U.TO tracks the S&P Total Market Index. Both are passively managed. Over the past year, XUSC.TO returned 27.68% vs 29.83% for XUU-U.TO. A 0.67 correlation means they provide meaningful diversification when combined. XUSC.TO charges 0.12%/yr vs 0.08%/yr for XUU-U.TO.

Performance

XUSC.TO vs. XUU-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XUSC.TO is traded in CAD, while XUU-U.TO is traded in USD. To make them comparable, the XUU-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 XUSC.TO having a 12.69% return and XUU-U.TO slightly lower at 12.58%.

XUSC.TO

• 1D: 0.23%
• 1M: 7.55%
• YTD: 12.69%
• 6M: 10.97%
• 1Y: 27.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XUU-U.TO

• 1D: 0.03%
• 1M: 7.44%
• YTD: 12.58%
• 6M: 10.92%
• 1Y: 29.83%
• 3Y*: 22.81%
• 5Y*: 15.74%
• 10Y*: —

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

XUSC.TO vs. XUU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units)	12.69%	11.40%	11.76%
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	12.58%	11.00%	11.45%

Correlation

The correlation between XUSC.TO and XUU-U.TO is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.67

The correlation between XUSC.TO and XUU-U.TO has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

Return for Risk

XUSC.TO vs. XUU-U.TO — Risk / Return Rank

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

XUSC.TO

XUSC.TO Risk / Return Rank: 75
XUSC.TO Sharpe Ratio Rank: 75
XUSC.TO Sortino Ratio Rank: 76
XUSC.TO Omega Ratio Rank: 75
XUSC.TO Calmar Ratio Rank: 74
XUSC.TO Martin Ratio Rank: 72

XUU-U.TO

XUU-U.TO Risk / Return Rank: 72
XUU-U.TO Sharpe Ratio Rank: 71
XUU-U.TO Sortino Ratio Rank: 69
XUU-U.TO Omega Ratio Rank: 81
XUU-U.TO Calmar Ratio Rank: 64
XUU-U.TO Martin Ratio Rank: 77

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.

XUSC.TO vs. XUU-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU-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.

	XUSC.TO	XUU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.51	-0.08
Sortino ratio: Return per unit of downside risk	3.39	3.34	+0.04
Omega ratio: Gain probability vs. loss probability	1.44	1.49	-0.04
Calmar ratio: Return relative to maximum drawdown	3.66	3.49	+0.17
Martin ratio: Return relative to average drawdown	13.42	13.31	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUSC.TO vs. XUU-U.TO - Sharpe Ratio Comparison

The current XUSC.TO Sharpe Ratio is 2.43, which is comparable to the XUU-U.TO Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of XUSC.TO and XUU-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

	XUSC.TO	XUU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.51	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.96	+0.30

Drawdowns

XUSC.TO vs. XUU-U.TO - Drawdown Comparison

The maximum XUSC.TO drawdown since its inception was -18.31%, smaller than the maximum XUU-U.TO drawdown of -24.77%. Use the drawdown chart below to compare losses from any high point for XUSC.TO and XUU-U.TO.

Drawdown Indicators

	XUSC.TO	XUU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.31%	-24.77%	+6.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	-8.58%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.68%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.67%	-4.88%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.25%	-0.18%

Volatility

XUSC.TO vs. XUU-U.TO - Volatility Comparison

The current volatility for iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) is 2.61%, while iShares Core S&P U.S. Total Market Index ETF (XUU-U.TO) has a volatility of 2.86%. This indicates that XUSC.TO experiences smaller price fluctuations and is considered to be less risky than XUU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUSC.TO	XUU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.86%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	9.19%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	11.93%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.72%	16.25%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.72%	17.36%	-1.64%

XUSC.TO vs. XUU-U.TO - Expense Ratio Comparison

XUSC.TO has a 0.12% expense ratio, which is higher than XUU-U.TO's 0.08% 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

XUSC.TO vs. XUU-U.TO - Dividend Comparison

XUSC.TO's dividend yield for the trailing twelve months is around 0.84%, more than XUU-U.TO's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units)	0.84%	0.94%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	0.74%	0.83%	0.76%	0.85%	1.01%	0.77%	0.90%	0.38%

Frequently Asked Questions

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

XUSC.TO and XUU-U.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUSC.TO or XUU-U.TO?

On fees, XUU-U.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUSC.TO or XUU-U.TO?

XUU-U.TO is cheaper with a 0.08% expense ratio, compared with 0.12% for XUSC.TO.

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

XUSC.TO tracks S&P 500 3% Capped Index, while XUU-U.TO tracks S&P Total Market Index. Their fees differ too: 0.12% for XUSC.TO and 0.08% for XUU-U.TO.